Posts

Showing posts from October, 2025

CyberCube estimates $38m to $581m insurance loss from AWS outage

CyberCube has reported a preliminary loss estimate for the Amazon Web Services outage ranging from $38m (£28.54m) to $581m. from Insurer - insuranceage.co.uk https://ift.tt/vRO9PBo

People Moves: 20 – 24 October 2025

Keep up to date with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/f05X9Qg

Lange to replace Raffard as personal lines MD amid wider Allianz UK management changes

Serge Raffard, managing director of personal lines at Allianz UK, will be succeeded by chief financial officer Ulf Lange on 1 December, the insurer has revealed. from Insurer - insuranceage.co.uk https://ift.tt/CXAlOn0

Q&A: Richard Webb on his career, retirement and advice to the next generation

Having retired from Pen Underwriting earlier this year, Richard Webb reflects on his career, gives insight on exceeding expectations with building and selling MUM, shares his belief in the importance of gut instinct and reveals the exit message that made him laugh. from Insurer - insuranceage.co.uk https://ift.tt/ip1s3Zv

CyberCube – AWS outage a ‘moderate’ incident for insurance market

CyberCube has called the Amazon Web Services outage a “moderate incident for cyber (re)insurers”. from Insurer - insuranceage.co.uk https://ift.tt/QkURbry

Marsh measures UK market softening at 6% in Q3

Rates in the UK commercial insurance market softened by 6% in the third quarter, maintaining the level of decline seen throughout 2025, according to research by Marsh. from Insurer - insuranceage.co.uk https://ift.tt/JaQYAvK

Interview: CEO Andrew Burke on the different situation at HSB and raising the volume

While newly appointed HSB UK and Ireland CEO Andrew Burke has come into a very different situation at the insurer compared to when he took over at Das, he shares how he will use the same ethos to grow the provider with brokers, and reveals his gin distilling interlude. from Insurer - insuranceage.co.uk https://ift.tt/GguyVaR

Geo Underwriting expands marine product access for brokers

Geo Underwriting has made Navigators & General’s boat club product available to all UK brokers who trade with it. from Insurer - insuranceage.co.uk https://ift.tt/vxP6KQC

MGA Casper launches renewable energy offering

Casper Specialty UK, a specialist casualty-focused managing general agent, has launched Tundra Specialty, focused on the renewable energy sector. from Insurer - insuranceage.co.uk https://ift.tt/mFgNsXK

Mooney on increasing Markel’s relevance to brokers and launching new products next year

Lee Mooney, managing director of Markel UK, has targeted increasing relevance to brokers by adding new products in 2026 while keeping its specialism heritage and focusing on the regions. from Insurer - insuranceage.co.uk https://ift.tt/H9XZ17D

Insurer service ratings jump up in Gracechurch survey

Insurer service ratings have increased to a +19 net promoter score, a survey by Gracechurch in partnership with the British Insurance Brokers’ Association has found. from Insurer - insuranceage.co.uk https://ift.tt/MCPZOF6

Aviva backs SRG’s MX with capacity

Aviva has signed a multi-year capacity deal with MX, the underwriting arm of Specialist Risk Group, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/ZunbSmc

Brown & Brown buys Kent-based MGA

Brown & Brown Europe has agreed to buy property owners and commercial combined specialist managing general agent Pardus Underwriting. from Insurer - insuranceage.co.uk https://ift.tt/ZU21D7M

Axa’s Dougie Barnett to retire

Dougie Barnett, Axa Broker UK director of commercial customer risk management and sustainability, will retire at the end of December after 24 years at the insurer. from Insurer - insuranceage.co.uk https://ift.tt/PLvftSW

Bexhill’s Takhar on record results and the regulatory environment for premium finance

With a book of broker relationships at over 100 and growing, Ravi Takhar, CEO of Bexhill UK, explains how the premium finance provider is pushing ahead after its record-breaking results and his hopes for the industry. from Insurer - insuranceage.co.uk https://ift.tt/ZYfxvPK

Axa urges brokers to warn customers on solar panel fire risk

Axa UK has warned customers on the risk of fires caused by solar panels and highlighted the need for using a reputable installer and regular maintenance. from Insurer - insuranceage.co.uk https://ift.tt/Vjmbk7Y

People Moves: 13 – 17 October 2025

Follow the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/1NyTXE6

Podcast: Reid and Clegg present Double Indemnity – episode three, SX3’s Adrian Gilbert

In a new podcast series brought to you by Insurance Age, industry provocateurs Toby Clegg and Stuart Reid interview a series of well-known market faces, getting to know the personalities and characters behind some of the key movers and shakers in the sector. from Insurer - insuranceage.co.uk https://ift.tt/Sc7p2ZI

Sabre CEO Carter shares frustration at market underpricing

“While it is slightly frustrating that the market has underpriced against on-going claims inflation, we had anticipated this, and it is factored into our business model,” Sabre CEO Geoff Carter stated as the insurer revealed a trading update for the first nine months of the year. from Insurer - insuranceage.co.uk https://ift.tt/MoH4V5l

Freedom Services Group goes into administration

The holding company of inactive managing general agent Freedom Services has gone into administration, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/TtipShG

Zurich strengthens fraud defences with AI

Zurich Insurance has partnered with Quantexa to increase the power of its real-time fraud detection via an artificial intelligence-enabled platform. from Insurer - insuranceage.co.uk https://ift.tt/w2KF8uX

Aviva to double automatic business interruption indemnity period to 24 months

Aviva is set to double its automatic business interruption indemnity period to 24 months from 1 November, in what it claims is a UK market first to tackle underinsurance, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/eAtZSmn

FSCS steps in for failed Gibraltar insurer Premier Insurance

The Financial Services Compensation Scheme has stepped in to protect over 16,000 policyholders of failed insurer Premier Insurance Company Limited as it highlighted the identity of the Gibraltar-based motor provider. from Insurer - insuranceage.co.uk https://ift.tt/X3FqDzG

TMK launches enterprise E&O insurance solution

Tokio Marine Kiln has launched Enterprise Ctrl in what it claims is a market first for the ‘comprehensive’ enterprise errors and omissions insurance solution. from Insurer - insuranceage.co.uk https://ift.tt/lrSoHNC

Aviva launches risk training platform for commercial clients

Aviva has unveiled Aviva Risk Training Solutions, a digital learning platform designed to help businesses strengthen their risk management capabilities, with 25 courses already live and over 50 in development. from Insurer - insuranceage.co.uk https://ift.tt/K0HLz4T

Allianz UK appoints first head of AI

Allianz UK has appointed Mansoor Reehana to the newly created position of head of artificial intelligence. from Insurer - insuranceage.co.uk https://ift.tt/bFJNpQP

Hillier appointed CUO at Markel International in restructure

Markel International has named Tom Hillier as chief underwriting officer and revealed a new structure for its operations. from Insurer - insuranceage.co.uk https://ift.tt/IViLWDf

Workload the main contributor of record broker stress levels

Broker stress levels have risen to the highest level since 2019, according to research published by Ecclesiastical, as 47.5% of brokers reported stress levels as high or very high. from Insurer - insuranceage.co.uk https://ift.tt/h8MaHyk

The rise of AI: implications for D&O insurance wordings

Jonathan Hopkins of DAC Beachcroft and Zurich’s Jack O’Neill tackle the opportunities and challenges for brokers. Clients are asking about the impact of artificial intelligence on directors’ and officers’ insurance policies in a fast-changing landscape. Are existing policies, broadly, fit for purpose? from Insurer - insuranceage.co.uk https://ift.tt/w63pgXU

People Moves: 6 – 10 October 2025

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/awm6kS7

Podcast: Reid and Clegg present Double Indemnity – episode two, MGAA’s Mike Keating

In a new podcast series brought to you by Insurance Age, industry provocateurs Toby Clegg and Stuart Reid interview a series of well-known market faces, getting to know the personalities and characters behind some of the key movers and shakers in the sector. from Insurer - insuranceage.co.uk https://ift.tt/E6c9BNt

Bspoke looks to the next level

New Bspoke CEO Ryan Gill targets becoming the leading niche and specialist MGA in the UK market as he highlights a pipeline of acquisitions, new products and investments in systems and platforms to hit the goal. from Insurer - insuranceage.co.uk https://ift.tt/1bwqQXt

Home insurance premium falls accelerate in Q3

Insurance premiums for home insurance continued their downward trajectory in the third quarter of 2025, according to the latest data from Pearson Ham Group’s General Insurance Price Index. from Insurer - insuranceage.co.uk https://ift.tt/RjLmX04

HSB launches cyber insurance and incident response solution for SMEs

HSB has launched a cyber and incident response solution for micro and small businesses in the UK and Ireland with revenues up to £10m. from Insurer - insuranceage.co.uk https://ift.tt/LsakMdX

Arch names Cleary as Leeds branch manager

Arch Insurance UK Regional Division has appointed Martin Cleary as Leeds branch manager joining from Bravo Network. from Insurer - insuranceage.co.uk https://ift.tt/ZwE65Ji

US consolidator buys London-based £100m GWP MGA

US-based managing general agent consolidator Bishop Street Underwriters has acquired Avid Insurance, the niche multi-disciplined MGA. from Insurer - insuranceage.co.uk https://ift.tt/IVKyXGZ

Peach Q&A: White and Bendelow

Insurance Age caught up with Peach’s CEO, Russell White, and director of commercial, Ryan Bendelow, to find out what comes next from the niche commercial insurer that is hungry for broker business. from Insurer - insuranceage.co.uk https://ift.tt/7XNrk5p

Chaucer launches cyber offering

Chaucer has launched a cyber risk management and insurance solution, Vanguard, with available limits up to $15m (£11m) for cyber liability. from Insurer - insuranceage.co.uk https://ift.tt/RBI0VvP

RSA/NIG brands end as Intact name comes into force

Ken Norgrove, CEO of Intact UK and Ireland, has detailed plans to double the size of the business to £5bn by 2030, as RSA and NIG rebrand to Intact Insurance. from Insurer - insuranceage.co.uk https://ift.tt/9YmJbuD

Willis stakes claim for parametric first with weather warning trigger

Willis has staked a claim for a market first with the launch of a parametric policy which will payout in the UK and Ireland on a red weather warning rather than due to the event hitting. from Insurer - insuranceage.co.uk https://ift.tt/LcMkEaZ

People Moves: 29 September – 3 October 2025

Keep up to date with the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/NO0Bcwg

Dual seals five-year capacity deal led by Zurich

Howden-owned managing general agent Dual UK has signed a five-year capacity deal led by Zurich, along with Liberty and other A-rated capacity to support its new regional commercial combined product. from Insurer - insuranceage.co.uk https://ift.tt/zFyiIXg

Ageas committed to broker market as Middle doesn’t rule out pet product

Ageas is committed to the broker market following the Esure deal, UK CEO Ant Middle confirmed as he hailed the opportunities from its infrastructure and technology stack. from Insurer - insuranceage.co.uk https://ift.tt/B1TkwDx