Commercial
Zurich and Beazley deal ‘not about laying off staff’ – CEO Greco
Zurich CEO Mario Greco has made clear the £8.1bn acquisition of Beazley is “not about laying off staff” as he noted Beazley will become fully part of Zurich in 2027.
Allianz CEO Holmes: ‘Head-scratching’ rivals holding up commercial market hardening
Allianz UK CEO Colm Holmes has lambasted a couple of rivals for pushing “head-scratching” commercial rates into the market and discounting to a point that is “excessive in extreme”.
Axa reports UK and Ireland softest markets in Europe in FY results
Axa UK and Ireland saw the softest markets across commercial and personal lines within the group’s European business, it reported today.
Allianz UK profits jump 29.5% to £476.2m on the back of COR improvement
Allianz UK has reported a 29.5% increase in profit in 2025 to £476.2m (2024: £386.8m) on the back of an improved combined operating ratio of 93% (2024: 93%) as its total business volume shrunk by 0.3% to £4.66bn (2024: £4.64bn).
Hiscox grows UK book even faster in 2025
Hiscox’s growth momentum has accelerated again in the UK, with the insurer excited about its results and even “more excited about the future” with brokers, according to group chief underwriting officer Joanne Musselle.
Ex-senior Dual duo launch new specialist manufacturing MGA
Accelerant-backed managing general agent incubator Mission has hit double figures for UK/EU start-ups with the launch of Elitium today.
Sompo swaps Stanford for Thaker as UK CEO after completing Aspen deal
Sompo has replaced its UK CEO Bob Thaker with his equivalent at Aspen, Sarah Stanford.
Bayles confirmed as CEO of GI broking at Everywhen
Phil Bayles’ switch from chief commercial officer at Everywhen to CEO of general insurance broking has been confirmed, after he took on the post in December subject to regulatory approval when Richard Tuplin left.
MGA launches commercial HGV motor breakdown policy
Add-on insurance specialist Alps has launched a commercial HGV motor breakdown policy designed to provide nationwide rapid roadside and base assistance to HGV vehicles above 7.5 tonnes.
New event launched to celebrate London as global insurance centre
A new UK insurance event, London Risk Week, has been launched to celebrate the English capital “as a centre of risk transfer and showcase its expertise and experience”.
Convex reveals GWP approaching $6bn and profit growth for 2025 in run-up to AIG deal
Convex Group grew gross written premium by 14% in 2025 to $5.88bn (£4.35bn) as it made a net profit for the third year in a row ahead of sealing investment from AIG.
QBE International posts double digit premium growth
QBE International’s combined operating ratio improved again to 88.5% last year as the division, in which the UK sits, grew premium 12.6%.
QBE divests arm with UK business to Swiss Re
QBE has entered into an agreement to divest its global trade credit and surety business to Swiss Re Corporate Solutions, the commercial insurance arm of the Swiss Re Group.
CFC sale rumours resurface
The private equity owners of cyber insurer CFC are exploring “strategic options” having appointed advisers, according to a report by Bloomberg.
Zurich UK trims COR again and profits rise further in 2025
Zurich UK achieved a combined operating ratio of sub 90% for property and casualty business with profits rising 21% in 2025 while premiums stayed stable.
SRG broker to wholesale pothole damage cover
Strategic Insurance Services has launched a vehicle insurance product designed to cover damage caused by potholes, making it available to brokers on a wholesale basis for private motor and commercial fleet clients.
Asset management giant Barings commits up to $180m for new MGA-backing insurer
Barings has committed up to $180m (£132.7m) for the launch of Pinion Insurance which will offer capacity to managing general agents in the UK, US and Europe.
Blog: Sums insured - the greener way, one cuppa at a time
Site visits remain an integral part of the fabric of property insurance. But remote reviews of buildings sums insured are also effective and with surprisingly positive environmental results. Read this article to find out more.
Aviva takes Myles from Gallagher as branch manager in expanded South East role
Aviva has swooped for Kerry Myles from Gallagher as branch manager for the South East, starting in the role on 16 March.
Deadline extended for Zurich’s Beazley bid
Zurich has been granted more time to make its formal £8bn bid for Beazley with the deadline pushed back to 5pm on 4 March.
Flock CEO Klinger outlines broker growth plan after Admiral deal
Flock CEO Ed Leon Klinger has outlined that it is keen to grow its broker base following its acquisition by the Admiral Group.