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Showing posts from February, 2026

Bermuda insurer invests in MGA consolidator

The owner of UK MGAs Avid and Landmark, Bishop Street Underwriters, has announced that it has completed a strategic structured capital investment of $125m (£93m) by White Mountains Insurance Group. from Insurer - insuranceage.co.uk https://ift.tt/1AexWIr

Axa’s door “fully open” to new DA and schemes business – Markham

Joel Markham, Axa Commercial’s director of schemes, delegated authorities, financial lines and speciality, has outlined its pipeline in DA business remains strong; whilst noting its investment in technology means it is more “nimble” and less frictional to partners. from Insurer - insuranceage.co.uk https://ift.tt/SGKmV9z

Aviva grows broking Rising Stars programme with largest cohort

Aviva has extended its Rising Stars programme with its 19 cohorts, aiming to help brokers retain the best talent from across their business. from Insurer - insuranceage.co.uk https://ift.tt/COMaIK9

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”. from Insurer - insuranceage.co.uk https://ift.tt/8RyklVd

Aviva restructures GCS team as Probitas CEO Washington leaves

Matt Washington, managing director of Global Corporate & Specialty at Aviva and CEO of Probitas, is set to leave the insurer as it restores his responsibilities into two roles. from Insurer - insuranceage.co.uk https://ift.tt/quQlyKw

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. from Insurer - insuranceage.co.uk https://ift.tt/nKUjSbe

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). from Insurer - insuranceage.co.uk https://ift.tt/UKhD4Zd

Ageas posts higher UK premium amid deal effects starting to kick in

Ageas grew UK premium by 6% to €1.93bn (£1.68bn) last year with the insurer noting a “solid UK result despite [the] softer market”. from Insurer - insuranceage.co.uk https://ift.tt/yCQftrG

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. from Insurer - insuranceage.co.uk https://ift.tt/El8wKp2

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. from Insurer - insuranceage.co.uk https://ift.tt/nXUAsL4

FCA sets four targets in its inaugural regulatory priorities report

The Financial Conduct Authority has issued its first regulatory priorities report for insurance as it switches away from penning portfolio letters. from Insurer - insuranceage.co.uk https://ift.tt/8MS9Cbr

Interview: Accelerant boss Radke on seeking broker input to help sector unlock value

“We would love an opportunity to start a dialogue with a number of UK brokers,” Accelerant Risk Exchange CEO Jeff Radke has told Insurance Age stressing the platform is not just looking towards “big, giant” brokers. from Insurer - insuranceage.co.uk https://ift.tt/cChNoyv

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”. from Insurer - insuranceage.co.uk https://ift.tt/MiUIX4G

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. from Insurer - insuranceage.co.uk https://ift.tt/Wk2fKuN

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%. from Insurer - insuranceage.co.uk https://ift.tt/syVdW8O

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. from Insurer - insuranceage.co.uk https://ift.tt/r1NcW4n

People Moves: 16 – 20 February 2026

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

Aviva secures naming rights for new 20,000 capacity Bristol concert venue

A new 20,000 capacity indoor entertainment arena in Bristol will be known as the Aviva Arena, it was announced today. from Insurer - insuranceage.co.uk https://ift.tt/k9t5ycd

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. from Insurer - insuranceage.co.uk https://ift.tt/bKrVd0k

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. from Insurer - insuranceage.co.uk https://ift.tt/fErVpb3

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. from Insurer - insuranceage.co.uk https://ift.tt/SgbaAJB

Property insurance payouts hit record £6.1bn in 2025 – ABI

Insurers paid out £6.1bn in property claims in 2025, the highest annual total on record, according to the Association of British Insurers. from Insurer - insuranceage.co.uk https://ift.tt/9MiwR5E

Hiscox launches technology graduate programme

Hiscox has launched a technology graduate programme to attract and develop the next generation of tech talent. from Insurer - insuranceage.co.uk https://ift.tt/DGFdxT3

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. from Insurer - insuranceage.co.uk https://ift.tt/FXbLjp8

Flock CEO Klinger outlines broker growth plan after Admiral deal

The CEO of Flock Ed Leon Klinger has outlined that it is keen to grow its broker base following its acquisition by the Admiral Group. from Insurer - insuranceage.co.uk https://ift.tt/rJEF87B

Admiral Group acquires £80m digital fleet MGA Flock

Admiral Group has reached an agreement to acquire Flock, a data-driven fleet insurance specialist. from Insurer - insuranceage.co.uk https://ift.tt/ViQauNx

Intact UK&I COR ticks up in 2025

Intact UK & International has posted a 94.8% combined operating ratio for 2025, deteriorating from 92.8% the year before. from Insurer - insuranceage.co.uk https://ift.tt/KhxAFL5

Covéa UK appoints Domart as CEO five months after naming Laurent in role

Philippe Domart has been appointed CEO of Covéa Insurance UK to take up the role on 1 April, in an abrupt about turn at the insurer. from Insurer - insuranceage.co.uk https://ift.tt/2bkrSwU

Markel-backed niche MGA launches apprenticeship scheme

Purbeck Insurance Services has launched a new apprenticeship scheme coinciding with National Apprenticeship Week. from Insurer - insuranceage.co.uk https://ift.tt/gMJTPcd

Brokers have mixed reaction on Zurich/Beazley deal

Insurance brokers have given a mixed response to the potential Zurich/Beazley deal highlighting the acquisition would create a “strong proposition” and could create opportunities but noted another competitor leaving the market as a medium-term worry. from Insurer - insuranceage.co.uk https://ift.tt/1YmSwAR

Ecclesiastical uncovers £3m of fraudulent claims, down on 2024

Ecclesiastical Insurance has reported it uncovered £3m in fraudulent claims during 2025, down from the more than £4m detected in 2024. from Insurer - insuranceage.co.uk https://ift.tt/eDzoJZI

Former Allianz PL boss George joins top 100 broker

Lucida Group has appointed former Allianz personal lines broker boss Nicola George as group chief underwriting officer. from Insurer - insuranceage.co.uk https://ift.tt/SUMAXGP

FCA issues warnings over DLG and short term cover broker clones

The Financial Conduct Authority has warned of two clones claiming to be Covertime and UK Insurance, part of the Direct Line Group. from Insurer - insuranceage.co.uk https://ift.tt/4gfSt6L

People Moves: 2 – 6 February 2026

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/iz7BGvS

Commercial Express adds Fortegra as capacity provider as MGU plans step forward

Managing general agent Commercial Express has struck a capacity partnership with Fortegra, Insurance Age can reveal. from Insurer - insuranceage.co.uk https://ift.tt/UdGTfHE

Interview: Allianz’s chief distribution officer Nick Hobbs

Nick Hobbs, chief distribution officer at Allianz UK, tells Insurance Age about the importance of the provider’s regional footprint now including broker hubs, the challenges of the soft market and its MGA appetite as well as the ongoing investment in technology and goals for 2026. from Insurer - insuranceage.co.uk https://ift.tt/U1fT2Hv

Blog: Four cyber threats brokers can’t afford to ignore in 2026

Tom Draper, managing director of Coalition UK, assesses four threats that show the dynamic nature of cyber risk to brokers and their clients, highlighting cybersecurity cannot be a once-a-year questionnaire or a box-ticking exercise at renewals. from Insurer - insuranceage.co.uk https://ift.tt/BNp7ZYh

UK commercial softening accelerated to 7% in Q4

The commercial insurance market in the UK softened by 7% in the final quarter of last year, in its eighth drop in a row, according to research by Marsh. from Insurer - insuranceage.co.uk https://ift.tt/Wt6v5AF

Collinson supports digital bank Chase’s UK insurance entry

Collinson Insurance has secured a new partnership with digital bank Chase. from Insurer - insuranceage.co.uk https://ift.tt/MEoPzgR

Zurich reaches agreement with Beazley over potential £8bn takeover

Zurich and Beazley have reached an agreement in principle for a deal worth potentially £8bn, clearing the way for a formal bid. from Insurer - insuranceage.co.uk https://ift.tt/TmQ842E

DCL restructures new business teams to align closer to brokers

Specialist motor MGA Direct Commercial (DCL) has restructured its operation to create two new business teams aligned for different broker propositions. from Insurer - insuranceage.co.uk https://ift.tt/s4jAyJV

Aviva enhances Minifleet on Fast Trade to cover more vehicles

Aviva has enhanced its Minifleet proposition to allow brokers to place up to 20 vehicles at new business on its proprietary Fast Trade platform. from Insurer - insuranceage.co.uk https://ift.tt/F7kQobT

Beazley shares hit new high as Zurich reveals 1.5% stake in Lloyd's target

Shares in listed Lloyd’s insurer Beazley hit 1,173 pence yesterday [2 February] after prospective suitor Zurich revealed it had acquired a 1.47% stake in the business as of 30 January. from Insurer - insuranceage.co.uk https://ift.tt/xyhi9vO

MGA sells D&O arm to “accelerate the development of new lines”

Managing general agent Rising Edge has confirmed the sale of its management liability business, to K2 International. from Insurer - insuranceage.co.uk https://ift.tt/5IbCrX9