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Showing posts from June, 2026

DA underwriter seals new PE investor after trebling business since 2023

Delegated underwriting authority specialist Carbon Underwriting has signed an agreement for “a significant growth equity investment” from FTV Capital, the global sector-focused growth equity firm. from Insurer - insuranceage.co.uk https://ift.tt/W51v8Jd

Aviva launches minifleet excess reductions on Fast Trade

Aviva has added an excess reduction of up to £200 for minifleet customers with policies traded on Fast Trade, to support brokers in delivering stronger claims outcomes for their SME customers. from Insurer - insuranceage.co.uk https://ift.tt/2QqEjw5

Covéa reveals GWP splits and CORs for 2025

Covéa Insurance has broken down the performance of its commercial and personal lines units in an update on the 2025 results confirming improved profitability in both. from Insurer - insuranceage.co.uk https://ift.tt/WZhzSCg

Experts welcome FCA insurance rules simplification but urge further to go

Insurance specialists have endorsed the Financial Conduct Authority’s pincer movement to strip back the insurance rule book and get rid of ‘box-ticking’ exercises, but urged the regulator to go further. from Insurer - insuranceage.co.uk https://ift.tt/lPOFCg3

Ageas teams up with Top 100 broker on home

Ageas UK has joined the Source Insurance panel, in the latest of a string of home-focused expansion moves by the provider. from Insurer - insuranceage.co.uk https://ift.tt/Bu57c6i

FCA continues on insurance rules flexibility path with further simplification proposals

The Financial Conduct Authority has opened a consultation which it claimed will strip “overlapping and outdated requirements” from its insurance rulebook. from Insurer - insuranceage.co.uk https://ift.tt/Rf9PYr6

Ifed teams up with Nominet in battle against fake insurance websites

The Insurance Fraud Enforcement Department, part of the City of London Police, has teamed up with UK domain registry Nominet in the fight against spoof insurance websites. from Insurer - insuranceage.co.uk https://ift.tt/Pv7LXna

People Moves: 22 – 26 June 2026

Follow the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/YJUXzG0

New MGA to target photographers and musicians

MGA incubator OneAdvent has launched high-value asset MGA, Collective, which provides tailored insurance products to photographers and musicians. from Insurer - insuranceage.co.uk https://ift.tt/NHWxoet

Aviva continues commercial lines leadership team build

Aviva has added Shyam Bhayani and David Thomas to its commercial lines chief underwriting office leadership team. from Insurer - insuranceage.co.uk https://ift.tt/YcCBWfG

John Lewis regulated broker adds Ageas to home panel

Ageas has joined John Lewis Money’s panel of home insurers taking the total to four. from Insurer - insuranceage.co.uk https://ift.tt/DjZxv45

Aviva building MGA hybrid fronting proposition

Aviva has confirmed that it is developing a managing general agent hybrid fronting proposition within UKGI global corporate and specialty. from Insurer - insuranceage.co.uk https://ift.tt/59S7QWe

Irwell rolls out four new products

Irwell has launched family legal protection and confirmed receiving regulatory approval for professional indemnity insurance, personal home emergency and landlord home emergency. from Insurer - insuranceage.co.uk https://ift.tt/eMpHRfs

Multi-million marine war risk consortium launched to support Strait of Hormuz shipping

Chubb will serve as lead underwriter, supported by participating Lloyd’s syndicates and specialist market partners, on a newly launched consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. from Insurer - insuranceage.co.uk https://ift.tt/mwiPcdN

People Moves: 15 – 19 June 2026

Stay in the loop with the latest insurance personnel moves. from Insurer - insuranceage.co.uk https://ift.tt/cfh49ra

Aviva Syndicates to launch in September as Probitas name retired

Aviva has confirmed plans to rebrand its Lloyd’s business Probitas 1492 as ‘Aviva Syndicates’. from Insurer - insuranceage.co.uk https://ift.tt/wTdtA2x

The stats: Commercial rates fall across the board in Q1 2026

Commercial lines premiums have continued to decline in the first quarter of 2026, with the value of the Acturis Commercial Broking Index dropping 3.6% compared to Q1 2025 – the largest negative movement since the inception of the index in 2010. Ida Axling reports. from Insurer - insuranceage.co.uk https://ift.tt/OnCDftQ

Parametric specialist Descartes expands into Lloyd’s

Parametric-based insurance provider Descartes Underwriting has secured Lloyd’s coverholder status through teaming up with Oak Global. from Insurer - insuranceage.co.uk https://ift.tt/fJvAb1q

Insurers line-up to support licensed trade during World Cup

With Scotland having kicked off with a win over Haiti, and England’s men’s team set to start its tournament on Wednesday, insurers have lined-up to support licensed trade customers as the World Cup progresses. from Insurer - insuranceage.co.uk https://ift.tt/QKNiV6k

Axa shares plans to shine a light on domestic violence with broker training

Axa has unveiled its partnership with domestic violence awareness company Alpha Vest to train brokers on spotting the signs, with the aim to help 100 brokers become ‘trusted contacts’. from Insurer - insuranceage.co.uk https://ift.tt/FrAhW8l

MS Amlin adds CRO and CIO executive leaders

MS Amlin has appointed Kirsten Mitchell-Wallace as chief risk officer and Phil Young as chief information officer. from Insurer - insuranceage.co.uk https://ift.tt/xawuqZR

Zurich scores businesses flexible cover ahead of World Cup

Zurich has kicked off flexible opening hour cover for SME and mid-market licensed trade, as it claimed the update will help pubs, bars and restaurants capitalise on the World Cup, without falling foul of policy conditions. from Insurer - insuranceage.co.uk https://ift.tt/Azner03

Zurich succeeds Accelerant in five-year £300m Jensten Underwriting capacity deal

Jensten Underwriting has signed a five-year deal for Zurich UK to become its ‘cornerstone capacity’ covering over £300m across property, casualty and motor. from Insurer - insuranceage.co.uk https://ift.tt/LWvq2Xc

Westfield Specialty launches UK and Europe liability portfolio

Westfield Specialty International has launched a UK and Europe liability portfolio to expand its casualty book, promising long-term and flexible partnerships with brokers. from Insurer - insuranceage.co.uk https://ift.tt/hEmou2i

IUA calls for clear cyber BI claims protocols

The International Underwriting Association has called for clear cyber insurance market protocols for business interruption claims. from Insurer - insuranceage.co.uk https://ift.tt/pkbv3KY

Oxbow maintains motor profit predictions after record-breaking year

Oxbow Partners has forecast a combined ratio of 95% for the UK motor market this year, staying profitable at 96% next year. from Insurer - insuranceage.co.uk https://ift.tt/OUZ4aM7

Liberty opens new proposition for retail sector

Liberty Specialty Markets has launched a bespoke proposition for mid to upper-midsized retail companies, flagging it is available via dedicated hubs in Manchester, Bristol and Dublin, supported by its London head office. from Insurer - insuranceage.co.uk https://ift.tt/j9ZxLdm

Aviva reveals further rise in prevented ghost broking fraud

Aviva detected more than 105,000 fraudulent insurance applications in 2025, with a growing proportion of this activity linked to ghost broking. from Insurer - insuranceage.co.uk https://ift.tt/aBNwSMi

Hiscox highlights SMEs as it joins ChatGPT UK advert pilot

Hiscox UK has pointed to the changing “conversational” nature of insurance searches, including by SME owners, at it confirmed taking part in a pilot through agency partner Dentsu to explore advertising in ChatGPT. from Insurer - insuranceage.co.uk https://ift.tt/BWt3h8n

People Moves: 1 – 5 June 2026

Follow the latest personnel moves in insurance. from Insurer - insuranceage.co.uk https://ift.tt/FRMI8Xk

Convex to launch UK MGA Kinetic in Q4

Specialty insurer Convex Group is planning to launch Kinetic Insurance Services, a wholly owned managing general agency that will start trading in Q4 2026. from Insurer - insuranceage.co.uk https://ift.tt/Dr0J2zu

HDI Global confirms Hunt as UK and Ireland CEO

Simon Hunt has been confirmed as the permanent CEO of HDI Global UK and Ireland having held the post on an interim basis since February. from Insurer - insuranceage.co.uk https://ift.tt/9tiCqWg

Intact’s head of financial crime Sumner set to exit

Intact Insurance UK’s director of counter fraud and financial crime, Adele Sumner, will be leaving on 30 June after 27 years at the provider. from Insurer - insuranceage.co.uk https://ift.tt/cRVvhCt

Atec migrates 140,000 policyholder book to MGA

Atec Group has migrated its book of 140,000 add-on policyholders from legal expenses provider Arc to rival MGA Addept Insurance Services. from Insurer - insuranceage.co.uk https://ift.tt/ZgHqjCW

Sam Geddes named CEO of Santam Syndicate 1918

Santam Syndicate 1918, part of Africa’s largest non-life insurer Santam Group, has appointed Sam Geddes as CEO based in London. from Insurer - insuranceage.co.uk https://ift.tt/v1u6x7j

MGA Flock to launch more products as Admiral deal finalised

Admiral Group has completed its acquisition of digital commercial fleet managing general agent Flock, following regulatory approval. from Insurer - insuranceage.co.uk https://ift.tt/b79hdKE

Fortegra looks to UK growth as sale to DB Insurance completes

Korean insurer DB has completed the purchase of US-based global specialty insurer The Fortegra Group, which provides capacity to UK managing general agents. from Insurer - insuranceage.co.uk https://ift.tt/1tkniKy