News
Eight companies vie for investment at Insurtech UK event
Insurtech UK ran its annual Partnerships Day yesterday (12 November) as start-ups competed in the areas of preventative health, specialist technology, and organised crime claims leakage.
Aviva’s commercial book continues to shrink
Despite overall UK and Ireland premiums increasing 28% in the first nine months of 2026, Aviva’s commercial gross written premium book is 5% down compared with a year ago.
Rrelentless aiming to treble business next year
Rrelentless CEO Gary Gallen has revealed his plans to treble the size of the MGA business next year, by pursuing acquisitions and expanding into further specialist insurance markets.
LNRS’ Vesanto warns insurers of ‘exposed’ flood defences
Properties which previously would have been protected by flood defences will likely require additional upgrades due to the acceleration of climate change, said LexisNexis Risk Solutions manager of geographic information systems Heikki Vesanto.
Ombudsman backs consumers in over half of home insurance claims
Home insurers are facing fresh scrutiny after Which? research found the Financial Ombudsman Service ruled in favour of consumers over home insurers in more than half of complaints.
Ann Owen replaces Martin as Aviva Commercial MD
Aviva has appointed Ann Owen as managing director of UK Commercial, following the departure of Dave Martin to PIB.
Nine in 10 insurers lose business to operational delays
Roughly nine out of 10 London Market insurance professionals have warned their organisation has lost business to competitors because of operational speed in the past 12 months.
Bishop Street reveals ambition to ‘grow aggressively’ after restructure
Bishop Street Underwriters is looking to “grow aggressively” after it established a new UK group structure bringing together its portfolio of UK specialty insurance businesses under a single management framework.
Zurich’s Nichols encourages skills-based volunteering days
Insurance professionals should use their wide-ranging skills within targeted volunteering as individuals are encouraged to share their positive experiences to inspire others, said Zurich UK’s head of retail David Nichols.
VIPR’s Templar says regulated AI will help cut industry lags
Firms will be able to get their “hands on their data” far quicker as AI-enabled delegated insurance moves away from 60-to-90-day lags to potentially daily submissions said VIPR’s CEO and co-founder Paul Templar.
Samsung Fire & Marine Insurance to acquire outstanding stake in Canopius
Samsung Fire and Marine Insurance has entered into an agreement to acquire the remaining 60% stake in Canopius, alongside funds managed by global investment firm KKR, and Korea Investment Corporation.
Co-op Southern merger widens insurance footprint
Co-op Insurance is set to expand its reach to a further 330,000 members, following the Co-operative Group’s acquisition of Southern Co-op.
Aon and Blackstone launch Lloyd’s syndicate Cortina
Aon has announced the launch of Cortina syndicate 1956, backed by funds managed by Blackstone.
Tesco taps into Clubcard data for insurance opportunities
Tesco is using insights from roughly 24 million Clubcard customers to identify gaps in the insurance market and launch new products.
Coversure’s latest addition; MS Amlin’s AI tool; PwC’s insurance lead
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Hastings Direct to bring in 500 new roles
Hastings Direct is set to recruit more than 500 new roles over the next 12 months, as part of plans to step up investment in people, technology and artificial intelligence.
Home insurance premiums see quarterly fall amid new entrants
Home insurance premiums are falling at their fastest quarterly rate this year, according to Consumer Intelligence.
InsideTrack calls on firms to help prevent climate economic crisis
A group of senior experts has warned climate change will cause a global economic crisis similar to the global financial crash, through creating uninsured high-risk properties, as it criticises the industry for a lack of action.
Kalepa’s Monasterio says £55m funding will aid its London presence
Kalepa’s CEO and co-founder Paul Monasterio said its latest investment will be used to enable “true” AI decision making in the London market where it plans to open an office in the coming months.
AM Best identifies three forces shaping insurance in 2027
Cyber-attacks similar to the recent incidents affecting European supermarkets could shape insurers’ fortunes in the year ahead, according to Greg Carter, managing director of analytics for EMEA and Asia Pacific at AM Best.
Lloyd's Turk fears insurers are sleepwalking into irrelevance
Rachel Turk, chief of performance and strategy at Lloyd’s, has warned the insurance sector risks losing relevance if it fails to meet clients’ changing demands.