News
Softening market puts spotlight on tech capability
A softening market is pushing London Market brokers to favour technologically advanced insurers, according to research from Guidewire.
Zurich UK achieves 21% increase in P&C profit
Zurich UK has today (19 February) has reported a 12% increase in overall business operating profit to £639m (2024: £570m).
Minster Law reports improved profitability
Minster Law has reported improved profitability for the year ending June 2025, while also targeting a milestone level of turnover by 2030.
Close Brothers to no longer seek permission for commission
Close Brothers Premium Finance has announced a change to its commission disclosure and consent requirements, reversing moves it made last year.
Aviva monitoring other DLG brands following By Miles closure
Aviva is monitoring the Direct Line Group brands it brought in as part of the £3.7bn acquisition, after By Miles was discontinued earlier this year.
Property claims cost insurers a record £6.1bn in 2025
Insurers paid out a record £6.1bn in property claims in 2025, according to the Association of British Insurers’ latest data.
Ex-copper comes a cropper for defrauding insurance shoppers
Five people, including a former police officer, have been arrested following an operation by the City of London Police, the Insurance Fraud Enforcement Department and the Metropolitan Police Service.
Canopy placed into administration as Lettings Hub buys business
Canopy, formerly Insure Street, a rental market technology firm of which Direct Line Group is a shareholder, has appointed administrators ahead of a management buyout.
Three UK insurers to launch ChatGPT apps
Three UK insurance companies are in the approval process with OpenAI for artificial intelligence ChatGPT apps.
Zurich given deadline extension for Beazley bid
Zurich has been given a deadline extension to submit its firm offer for Beazley.
Allianz’s unemployment insurance; Acrisure's MGA network; Lucida's CUO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Enter Best Insurance Employer 2026 today
If you work for one of the greatest employers in the insurance industry and want to shout about it, make sure you complete Insurance Post’s Best Insurance Employer survey today.
Admiral buys Flock for £80m
Admiral Group has bought commercial fleet insurtech Flock for £80m, subject to regulatory approval.
ICO secures more prosecutions for insurance data breaches
The Information Commissioner’s Office has secured two further convictions following its investigation into the unlawful accessing and sale of personal information.
Lady Mayor warns fake news is risk to City
Lady Mayor of London Dame Susan Langley has expressed concern that international perceptions of the capital as a dangerous city could be a “risk to the industry”.
UK motor insurance once again hits record claims payouts
The Association of British Insurers has today (11 Feb) revealed UK insurers have once again hit record payments for motor claims.
Aviva to launch pet insurance product this year
Insurance Post can exclusively reveal Aviva is developing its own pet insurance product, with a view of launching in Q4 this year.
CyberCube appoints new CEO
Chris Methven has been appointed CEO of cyber risk analytics provider CyberCube, as former chief Pascal Millaire takes the role of senior advisor.
2026 to see more ‘selective’ but still frequent consolidation
Insurance market consolidation is set to continue in 2026, driven by private equity exit cycles and specialist acquisitions, according to Sicsic Advisory founder Michael Sicsic.
AIG completes $2.1bn Convex stake acquisition
AIG has completed its $2.1bn (£1.5bn) acquisition of a 35% minority stake in specialty insurer Convex.
Ecclesiastical sees 20% uptick in fraud detection
Ecclesiastical Insurance’s claims team investigated more than 280 cases of suspected fraudulent activity during 2025, representing a 20% increase on 2024.
Aviva’s minifleet proposition; Antares’ restructuring; IUAD’s board member
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lloyd’s reportedly shelves Blueprint Two
Lloyd’s has shelved its major technological transformation project Blueprint Two after years of delays.
JP Morgan finally enters UK insurance market
Almost two-and-a-half years after Insurance Post revealed a product was in the works, JP Morgan's Chase Bank has officially entered the UK's insurance market.