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Financial Services Monthly Market Update: July 2026

July’s Financial Services activity reflects a market balancing growth with greater operational and regulatory scrutiny. Firms are expanding platforms, improving client communication and investing in propositions that respond to changing expectations around transparency, cost, wellbeing and long-term value.M&A continues to reshape the sector, with scale, technology and specialist capability driving deal activity. At the same time, senior appointments and AI developments show firms preparing for a more sophisticated advice environment; one where human judgement remains central to sustainable growth.​IDEX insight: what this month’s market activity meansThis month’s market activity shows that while AI has the potential to improve efficiency and expand access to advice, regulators and professional bodies are warning that weak oversight and over-reliance on automated outputs could create real consumer harm.The FCA’s Mills Review described AI as a "defining force" in retail financial services, while also warning of increased risks around fraud and consumer harm. Similarly, the FPSB has highlighted that even as AI is "reshaping" financial planning, professional judgement, human oversight, transparency and confidentiality remain critical.Used well, AI should elevate advisers, not replace them. Used poorly, it risks damaging trust, client outcomes and regulatory confidence.Read more in IDEX’s latest insight:The Impact of AI in Wealth Management: Why Advisers Aren’t Being Replaced, They’re Being Elevated AI adoption is accelerating: FPSB research found that two in three Financial Planners say their firms are already using AI or planning to do so in the next 12 months. Regulatory scrutiny is increasing: The FCA warns that while AI could transform financial services by 2030, it also has serious concerns around its impact on fraud, cyber security and consumer harm. Human judgement is the differentiator: As AI takes on more data-heavy and process-led work, the most valuable advisers will be those who combine digital fluency with emotional intelligence, clear communication and strategic judgement.Financial Services market newsTransact adds new managed portfolio service: Transact has added Dimensional’s MPS to its platform, expanding adviser access to a suite of 12 model portfolios across the full risk spectrum and reinforcing demand for cost-effective, evidence-based investment solutions. First Wealth launches wellbeing guide: First Wealth has launched a new Measure Wealth by Wellbeing guide and scorecard, designed to help clients assess financial success beyond returns and place family conversations and shared goals at the centre of planning. FCA calls for clearer communication around investment costs: The FCA has urged advisers and wealth managers to cut jargon from investment cost disclosures, after finding that only 6% of reviewed documents were written in plain English, signalling continued regulatory pressure on firms to improve transparency and consumer understanding.This month’s Financial Services news shows a sector sharpening its focus on consumer outcomes through human-centred financial planning services.​Mergers and AcquisitionsSöderberg acquires Benchmark from Schroders: Söderberg & Partners has acquired Benchmark Capital from Schroders, adding a UK adviser platform holding £31bn in assets under influence and strengthening its technology-led adviser proposition. NatWest completes £2.7bn Evelyn Partners takeover: NatWest has completed its acquisition of Evelyn Partners, creating a combined wealth business with £127bn in AUMA and signalling the bank’s ambition to deepen its financial planning, investment management and private banking capabilities. Frenkel Topping takeover nears completion: Frenkel Topping shares have been suspended ahead of its £65.8m takeover by Harwood Private Equity, underlining continued investor interest in specialist advice and professional services models with defensible niche expertise. LemFi buys Wealth8 platform: The Nigerian fintech has received FCA approval to acquire UK investment platform Wealth8 and expand its proposition from remittances, savings and credit into long-term investing for globally mobile and underserved communities.People moves and senior appointments​Senior appointments this month point to a sector strengthening investment oversight and adviser engagement in response to higher expectations around trust and transparency.FSCS appoints three new directors: The FSCS has appointed former FCA acting CEO Tracey McDermott, former building society CEO Andrew Craddock and banker Mark Suthern as non-executive directors, strengthening its board capability across regulation, governance, banking and consumer confidence. SJP appoints new link between partners and investment team: St James’s Place has appointed Chris Teschmacher as Director of the CIO Office, creating a dedicated bridge between its investment team and adviser partners.​​Useful resources for Financial Services leaders and professionalsAs the market becomes more competitive, access to accurate insight and specialist talent matters. Whether you are hiring, benchmarking your earnings or preparing your advisory team for future challenges, IDEX provides tools and guidance designed specifically for Financial Services professionals.Secure top-tier Financial Services talent:Finding the right people does not need to slow your growth. IDEX uses deep market knowledge and established sector relationships to connect firms with skilled professionals who can support long-term performance. Check if your salary is in line with market rates: The IDEX Salary Calculator gives Financial Services professionals access to market-specific compensation insight, helping them benchmark pay and make informed career decisions. Understand the biggest challenges facing Financial Advisers:Financial advisers are navigating economic pressure, regulatory change, rising client expectations and the impact of AI. Our insight explores what advisers should be aware of and the actions they can take now. (Link to IDEX Financial Services Blog 1 – AI in Wealth Management)​Monthly Financial Services Market Updates, Backed by Hiring ExpertiseStay close to the Financial Services market with monthly updates covering wealth management news, financial planning trends, M&A activity, senior appointments, regulation, technology and IDEX insight.Subscribe to the monthly newsletter to understand not just what has happened, but what it could mean for growth, hiring, succession and market positioning.If you are reviewing your hiring strategy, planning future growth, assessing succession risk or struggling to secure specialist Financial Services talent, our team can help you understand what is happening in the market and what it means for your business.Speak to a Financial Services hiring expert

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The Impact of AI in Wealth Management. Why Advisers Aren’t Being Replaced, They’re Being Elevated

The use of AI in wealth management is not a futuristic concept. Despite the relatively recent adoption of AI tools, they are now a practical reality across the industry with the market expected to be worth upwards of $6 billion by 2035.Far from replacing human expertise, AI tools are reshaping how work gets done, how decisions are informed, and how client relationships are cultivated. It enhances adviser productivity, automates routine workflows, and accelerates wealth management digital transformation, while maintaining a premium on human judgement, trust and personalised engagement.Using AI in wealth management isn’t about choosing between people and technology. Instead, industry leaders need to understand how AI expands what teams can achieve and what skills are needed in an increasingly digital wealth landscape.​Will AI Replace Financial Advice?A persistent question at leadership tables is whether AI threatens to make human financial advisers obsolete. The short answer is no; however the role of financial and wealth management advisers will change.AI is primarily a tool for augmentation, not substitution. It’s designed to automate tasks that are repetitive, data-intensive, or operational, freeing advisers to focus on strategic judgement, behavioural coaching, and building client relationships.This aligns with what we are seeing within the industry. Wealth management firms are embedding AI into daily workflows to support with reporting and personalised client analysis, and to empower work of their human advisers to be more strategic and impactful.We expect this to continue, with the use of AI in wealth management focused on making individuals more effective, not on reducing headcount.​How AI Supports Wealth Management WorkflowsAI’s practical value is visible across core workflows and AI accelerates tasks that historically required considerable time and effort.Enhanced Research and InsightsAI systems sort through vast datasets faster than any individual human could. They surface actionable insights, spot trends, and suggest potential scenarios for portfolio stress testing, risk analysis and strategy formulation. Rather than replacing research analysts, these tools serve as powerful assistants that improve quality and speed.Client PreparationAggregating performance figures, constructing review packs, and summarising market movements is labour-intensive. With AI, much of this can be automated. Generative AI engines can prepare briefings, personalise narratives, and craft insights tailored to each client’s context providing structured support that frees advisers to focus on strategy and human engagement.Admin, Compliance Checks and WorkflowsAdministrative tasks and compliance checks have been historically a burden on adviser bandwidth and are rapidly being automated. Intelligent workflows can verify KYC/AML documentation, generate audit-ready compliance reports, and trigger alerts for anomalies or regulatory updates. The Deloitte Centre for Financial Services predicts that AI-driven productivity uplift could free 25–50% of adviser time by 2032, enabling teams to reallocate effort toward client-facing and strategic work.Operational EfficiencyAI-powered solutions streamline client onboarding, portfolio reporting, and back-office functions to accelerate execution while reducing manual error. These improvements in efficiency allow firms to scale without simply increasing headcount.Taken together, these capabilities mean advisers spend less time on rote tasks and more on decision-making with context and purpose, a shift that strengthens the value proposition of human expertise.​What AI Means for Client Experience and TrustEmbedding AI in wealth management enables hyper-personalisation and responsiveness at scale. By analysing comprehensive client data including client goals, behavioural patterns, and risk tolerance, AI can lay the groundwork for insights that would otherwise be unattainable in a timely manner. For clients, this means better anticipation of needs and customised guidance.However, AI tools cannot be a substitute for trust. They are simply a platform on which human advisers can build deeper relationships. As clients see their adviser leveraging technology to deliver sharper insights faster, confidence in the adviser’s judgement should grow, not diminish.​What Skills Will Wealth Management Advisers Need Next?McKinsey predicts a shortfall of around 100,000 wealth management advisersin the US market by 2034. This talent shortage underscores how important the use of AI in wealth management will be to meeting the rising demand for financial advice. And, as the application of AI in wealth management grows, so too will the expectations placed on advisers.As AI takes on data-heavy and process-oriented tasks, the skills that distinguish the very best advisers are increasingly human. Digital fluency to understand how AI tools work, what they can and cannot do, and how to interpret their output. Emotional intelligence and behavioural coaching to better understand client fears, motivations, and biases, especially in times of market stress. Strategic judgement to interpret AI insights within the broader context of a client’s unique circumstances, recognising when to deploy automated insights and when to lead. Trust and relationship management around long-term assets under management still flow from credibility, integrity, and human connection. Communication and the ability to articulate complex strategies in clear, empathetic ways, especially when events reshape priorities. Continuous learning to build skills as tools evolve, and to keep up with changing regulatory and ethical guidance.​Strategic Workforce Planning in the Age of AIAI offers practical value in bridging capacity gaps, but it only works when the talent strategy that supports its implementation is robust and forward-looking and brings together people, process and technology in a way that creates competitive advantage.A thoughtful workforce strategy should:Define Role EvolutionClarify how AI augments adviser responsibilities and what new roles such as AI overseers, data translators and client experience architects might emerge.Invest in TrainingBuild digital competency deep into your talent pipeline, not just at the top.Align IncentivesIncentives should reward outcomes enhanced by technology such as client satisfaction, retention, or strategic planning time and not simply traditional metrics.Maintain Human CultureProtect and enhance human connection as a strategic differentiator, not a legacy burden.Firms that succeed will be those where leadership understands how to balance technology investment with talent development. AI cannot deliver value in isolation; it requires culture, training, and governance aligned with business outcomes.​The Lasting Impact of Human + AIThe use of AI in wealth management will not lessen the importance of financial advisers; but it will change what excellence looks like.AI is accelerating digital wealth management, enabling firms to serve more clients with personalised insight, operational precision and strategic foresight. But advisers themselves guided by judgement, empathy and trust remain indispensable.If you’re a leader looking to define talent strategy and future-proof your workforce in the age of AI, IDEX is here as your strategic partner. We help wealth management firms understand how AI reshapes adviser roles, workforce planning, and the future skills required for success.Reach out to IDEX’s financial services consultancy team to explore how your firm can harness AI while strengthening adviser capability and client outcomes.

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Website Blog   Sam Durbridge
​Breaking Barriers in Financial Services.

Q&A: Advancing Women in Financial ServicesThe financial services sector is actively evaluating how it builds and sustains its leadership teams. Improving gender diversity is no longer just a talking point; it is a central priority for firms planning for long-term growth. We sat down with an industry expert to discuss the current landscape for women in financial services, the barriers to executive progression, and how businesses can build genuinely inclusive cultures.Here is what they had to say about the push for gender parity in the industry.Q: Are we seeing more women entering financial services, and is the gender gap actually narrowing?A: We have not seen a dramatic surge in the overall number of women entering the sector. However, we do see a much stronger focus from firms on improving diversity, particularly at the leadership level. Businesses are actively asking recruiters to present diverse shortlists and are paying close attention to representation.As for the gender gap, a significant disparity still exists. We see solid progress in support functions, paraplanning, operations, compliance, and client services, where female representation is generally strong. The real challenge remains progression into senior decision-making roles. For context, in wealth management and financial advice specifically, it is estimated that women make up just 18% of advisers. We need to ensure women receive the same visibility, development opportunities, and leadership pathways as their male counterparts to close this gap.Q: Why does senior leadership representation remain low, and what are the main barriers to advancement?A: Leadership roles almost always require previous management experience. If women do not consistently receive those critical stepping-stone opportunities early on, progressing naturally into senior positions becomes incredibly difficult.Historically, financial services has operated as a relationship-driven, male-dominated environment. Advancing in this setting without strong sponsorship, active mentoring, and internal visibility is an uphill battle. A lack of access to these networking and visibility opportunities serves as the primary barrier to advancement.Q: Have you noticed organizational and cultural changes that support better inclusion?A: Yes, absolutely. The widespread adoption of flexible and hybrid working models makes a meaningful difference, especially for retaining experienced professionals. Many firms are also introducing structured return-to-work programs, which help businesses keep top talent who might otherwise leave the industry due to career breaks. There is also a heightened awareness around inclusive hiring practices, leadership accountability, and overall workplace culture.Q: How important are role models, and what advice do you have for women looking to advance?A: Visible role models and mentors are hugely important. Seeing women succeed in senior positions demonstrates that progression is achievable and gives the next generation confidence to pursue similar paths.For women looking to advance, I advise building a strong network early in your career. Actively seek out mentors and sponsors who can advocate for you. I also highly encourage pursuing professional qualifications and continued development to build undeniable technical credibility in a competitive market.Q: What are the benefits of diversity, and what does the future hold for women in the sector?A: Having more women in leadership roles benefits the entire industry by bringing diverse perspectives to decision-making, which ultimately leads to better client outcomes and stronger business performance.I am optimistic about the future. The industry is far more aware of its diversity challenges than it was historically, and firms are taking proactive steps to address them. Meaningful change will still take time, but the momentum is clearly pushing in the right direction.Q: What needs to change, and what can firms do right now to accelerate this progress?A: To level the playing field, companies must invest heavily in development, mentorship, and succession planning. It is not enough to just hire diverse talent; firms must create genuinely inclusive cultures where that talent can thrive and step into leadership roles.ConclusionThe push for gender diversity in financial services is fundamentally changing how firms recruit and develop talent. While the industry still has work to do—particularly in boosting female representation among financial advisers and executive leaders—the shift toward flexible working and inclusive hiring provides a strong foundation for the future.Take time to review your firm's succession planning and diversity initiatives. If you want to build a leadership pipeline that reflects the future of the industry, contact our recruitment team today to learn how we can help you attract and retain diverse talent.​​​​​​

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General Insurance newsletter Friday 26th June 2026

Please note, there will not be a newsletter next week as we are refreshing the format. ​Insurance NewsGI market priorities, growth drivers, and BIBA advice: Insights from six insurance leaders at BIBA 2026 - Check out this video to hear Kate Gregory, Mike Latham, Nicholas Hartley, Philip Thorn, Richard Brown, and Robert Corner share their perspectives on the changes brokers and MGAs can't afford to ignore, what separates growing firms from those standing still, the one piece of advice every insurance leader should hear before attending BIBA, and a bonus question worth watching through to the end for. (IDEX Consulting news, 'GI market priorities, growth drivers, and BIBA advice: Insights from six insurance leaders at BIBA 2026')UK vs US general insurance market: Insights from John Tallarida, of Costero Brokers - In this Q&A, John Tallarida, co-founder and CEO of Costero Brokers, shares his perspective on the differences between the UK and US general insurance markets, highlighting Lloyd’s unique value, London’s concentration of talent, and the importance of direct relationships, cultural fit, and long-term strategy for brokers expanding internationally. (IDEX Consulting news, 'UK vs US general insurance market: Insights from John Tallarida of Costero Brokers')Benchmark your earnings with confidence - The IDEX Salary Calculator delivers reliable compensation data tailored specifically to General Insurance and Financial Services professionals. Instantly check your current pay against the latest market trends to ensure your compensation package truly reflects your expertise. (IDEX Consulting news, 'Benchmark your earnings with confidence')Discover the true value of your firm - Built specifically for brokers, insurers, and MGAs, our complimentary valuation tool delivers a clear estimate in seconds. Simply enter your company profile, revenue, and profit details to receive the actionable data you need to drive your strategy forward with confidence. (IDEX Consulting news, 'Discover the true value of your firm')The Ardonagh Group has launched Axiiem, a new insuretech business designed to connect data, distribution and capacity across specialty insurance, marking the commercial debut of proprietary technology the group has been developing internally for seven years. (Josh Recamara, 26/6/2026, Insurance Business,Ardonagh launches Axiiem as tech-enabled trading exchange for specialty insurance)MGA incubator OneAdvent has launched Collective, a new managing general agent providing specialist insurance for photographers and musicians, targeting a protection gap that standard home contents policies have consistently failed to address. (Josh Recamara, 26/6/2026, Insurance Business, OneAdvent launches specialist MGA for photographers and musicians)Sharp year-on-year increases across every major risk category signal a structural shift in corporate risk, with governance and resilience now central to strategic decision-making, according to new research from global law firm Clyde & Co.(Josh Recamara, 26/6/2026, Insurance Business,Businesses operating in 'permanent high-risk environment' as AI, geopolitics and regulation converge)The Association of British Insurers (ABI) and the British Insurance Brokers' Association (BIBA) appeared before the House of Lords Financial Services Regulation Committee on Wednesday, 24 June 2026, in the fourth and fifth oral evidence sessions of its inquiry into the regulation of the UK's consumer insurance market. (Bryony Garlick, 25/6/2026, Insurance Business,ABI and BIBA back Consumer Duty enforcement at Lords inquiry)Lockton has retained its role as broker for the Law Society of Scotland's Master Policy for professional indemnity (PI) insurance following a competitive five-year tender. The appointment takes effect from 1 January 2027. Lockton has held the mandate since 2017. (Mark Rosanes, 25/6/2026, Insurance Business,Lockton retains Scotland's legal PI mandate after five-year tender)CFC is introducing affirmativeartificial intellegence coverage across seven commercial insurance products as insurers confront growing questions over how policies respond to AI-related risks. (Mark Rosanes, 25/6/2026, Insurance Business,Insurers rethink policy wording as AI risks rise)Hull war insurance premiums for vessels passing through the Strait of Hormuz have fallen by more than half in under a week. The ceasefire between the US and Iran signed on June 17 is pulling nervous capacity back into the market, with rates dropping from roughly 5% of a vessel's value to around 2% after discounts, according to brokers cited by the Financial Times. Individual ships are saving hundreds of thousands of dollars per transit compared with the worst of the crisis.  (Matthew Sellers, 25/6/2026, Insurance Business,Hormuz war premiums halve in six days. London's underwriters are not celebrating yet)Only 36% of European executives feel prepared for the energy transition and its costs — the lowest of any region surveyed. That is the sharpest finding from Beazley's Spotlight on Energy Transformation 2026, drawn from a survey of 3,500 business leaders across seven markets in January 2026. (Jhanna Hines, 25/6/2026, Insurance Business,Energy transition risk is outpacing insurance capacity, Beazley research finds )The London market is taking steps to resolve long-standing payment delays for specialist surveyors, with a new scheme designed to improve fee settlement and reduce operational friction. Early pilot results suggest the initiative could ease cash-flow pressure on survey firms, strengthen market efficiency and help preserve access to critical specialist expertise. (Bryony Garlick, 24/6/2026, Insurance Business, London market launches scheme to tackle surveyor payment delays)Yorkshire Building Society’s commission-free insurance model is gaining attention after delivering £3 million in member savings in its first year, highlighting how embedded, low-friction distribution can make home and life cover more affordable. The proposition also sharpens the challenge for brokers, particularly in simpler personal lines, as lenders use trusted customer relationships and lower-cost distribution to compete more directly on value and convenience. (Matthew Sellers, 24/6/2026, Insurance Business, Yorkshire Building Society saved members £3m on insurance. Brokers should take note)Post-Brexit expansion is exposing UK multinationals, particularly SMEs, to a more fragmented compliance landscape, as statutory insurance requirements vary sharply across EU markets and failures can trigger more than just financial penalties. With new UK rules extending criminal liability to senior managers for offences committed under their authority, the pressure is growing on businesses and brokers to strengthen oversight of overseas insurance and employment obligations. (Mark Rosanes, 24/6/2026, Insurance Business, Post-Brexit compliance failures carry criminal risk for UK multinationals)New data from Legal & General highlight how delaying life insurance can materially increase costs, with premiums for a 40-year-old more than triple those for a 20-year-old buying the same cover. The figures reinforce a broader industry challenge around the UK protection gap, as affordability, low awareness and limited consumer engagement continue to hold back take-up, particularly among younger adults. (Jonalyn Cueto, 24/6/2026, Insurance Business, UK life insurance costs triple between age 20 and 40, L&G data show)The FCA is increasing pressure on insurance firms to show that non-financial misconduct controls work in practice, as reported incidents in the sector rose sharply between 2021 and 2023 and supervisory cases continue to climb. With new rules taking effect in September 2026, firms face growing scrutiny over governance, board oversight and culture, while misconduct-related exposures are also becoming more relevant for employment practices and reinsurance claims. (Mark Rosanes, 24/6/2026, Insurance Business, FCA targets insurance firms as non-financial misconduct cases mount)European cyber claim notifications declined in 2025, but insurers remain cautious as privacy breaches, ransomware and third-party incidents continue to drive costly losses. The market is showing a growing disconnect between frequency and severity, with fewer reported events masking persistent exposure to large claims tied to regulation, supply chain dependency and high-impact cyber incidents. (Mark Rosanes, 23/6/2026, Insurance Business, Europe cyber incidents fall, but severity keeps insurers cautious)Keir Starmer’s resignation is being met with a mix of scepticism and guarded hope across the insurance market, with many brokers seeing little immediate operational impact but others calling for a more pro-growth agenda from the next government. The reaction reflects a sector that has grown wary of political turnover, while remaining focused on whether changes in economic policy, taxation and business support could materially affect growth and profitability.(Bryony Garlick, 23/6/2026, Insurance Business, Just another Monday? Insurance reacts to Starmer's exit)Reserve risk transfer is being used less as a clean-up tool for discontinued liabilities and more as a strategic lever for capital efficiency, earnings stability and balance-sheet flexibility. As insurers and investors contend with long-tail exposures, alternative capital inflows and M&A activity, legacy solutions are increasingly being considered earlier in the risk lifecycle and as part of broader growth planning. (Bryony Garlick, 23/6/2026, Insurance Business, Reserve risk transfer moves from legacy solution to strategyIrwell Insurance has expanded beyond its traditional legal expenses and commercial liability base after receiving regulatory approval for professional indemnity, personal home emergency and landlord home emergency, while also launching a family legal protection product. The move strengthens its presence in growing adjacent markets and reflects a broader intermediary-led push toward more diversified, service-enhanced insurance propositions. (Josh Recamara, 23/6/2026, Insurance Business, Irwell expands product range with regulatory approval for three new lines)Social media is becoming a meaningful underwriting input in the high net worth market, as insurers use publicly available online activity to build a broader picture of client behaviour, security habits and exposure to loss. For brokers and carriers, that means risk assessment is moving beyond traditional proposal forms toward a more behavioural and context-driven model, with digital visibility increasingly influencing how affluent risks are priced and managed. (Bryony Garlick, 22/6/2026, Insurance Business, How social media is reshaping high net worth underwriting)A decade after the referendum, Brexit appears to have imposed a substantial cumulative drag on the UK insurance sector through lost EU market access, duplicated regulatory structures, weaker investment and reduced capital efficiency. Drawing on Bank of England research and official ONS data, the article argues that insurance and pensions may have absorbed£20 billion to £40 billion in cumulative lost outputsince 2016, highlighting just how heavily one of the UK’s most EU-exposed sectors has been affected.(Matthew Sellers, 22/6/2026, Insurance Business, Ten years on: what did Brexit actually cost the UK insurance industry?)For insurance brokerages, the best AI choice in 2026 depends less on headline model rankings and more on fit for task, data sensitivity and workflow integration. The article argues that firms should match tools to use case, using models like Claude or GPT for document-heavy analytical work, Copilot for Microsoft-based operational workflows, and real-time tools like Grok for current awareness, while keeping governance, compliance and human review at the centre of deployment decisions.(Matthew Sellers, 22/6/2026, Insurance Business, Which AI is right for your insurance brokerage? A practical guide to the models that matter in 2026)Moves​​Tracie Thompson has joined Marsh Risk as its Global Head of Portfolio Solutions, Marsh Risk, effective immediately. She brings more than 28 years of global insurance experience. Her background spans portfolio optimisation, commercial strategy, and data-led placement across the US, UK, Europe, and Asia Pacific.(Jhoanna Hines, 25/6/2026, Insurance Business,Tracie Thompson joins Marsh Risk as global head of portfolio solutions )Gallagher has appointed Gabriella Eriksen Wingren as head of transaction solutions for the Nordics. The move adds dedicated warranty and indemnity (W&I) insurance leadership to its private equity and M&A practice (PEMA) in the region.(Mark Rosanes, 25/6/2026, Insurance Business, W&I market growth spurs Gallagher Nordic hire)AXA XL is strengthening its delegated authority strategy with the appointment of Samantha Wotton as Head of Coverholder development for the UK, reflecting the growing importance of coverholders and MGAs in the London market. As delegated authority accounts for an increasing share of Lloyd’s premium income, carriers are investing more heavily in distribution, portfolio oversight and specialist talent to support growth while meeting rising regulatory expectations. (Mark Rosanes, 24/6/2026, Insurance Business, AXA XL appoints coverholder chief as delegated business grows)Addept Insurance Services has strengthened its growth plans by securing expanded five-year legal expenses capacity from Irwell Insurance Company, signalling confidence in rising demand for LEI cover across the UK. The move comes as tribunal backlogs, employment law reforms and growing legal cost pressures increase the need for protection among SMEs and personal lines customers, making stable specialist capacity a more strategic asset for MGAs.(Mark Rosanes, 23/6/2026, Insurance Business, Irwell backs Addept growth with expanded legal expenses capacity)The Hartford has made Dave Draper’s interim role permanent by naming him Chief Underwriting Officer for its UK business, while also appointing Bertie Troughton as Head of Upstream Energy, International. The moves reinforce the insurer’s London market build-out as it expands Syndicate 1221, deepens specialist underwriting capability and pushes further into international growth areas such as energy and Asia-based business. (Josh Recamara, 23/6/2026, Insurance Business, The Hartford names UK chief underwriting officer)Bondaval has appointed Alexia Parmentier as Co-Chief Underwriting Officer as rising insolvencies and tighter credit conditions increase demand for trade credit insurance. Her arrival strengthens the firm’s underwriting leadership at a time when businesses are seeking more protection against counterparty risk, and as Bondaval expands internationally with backing from highly rated capacity partners.(Mark Rosanes, 22/6/2026, Insurance Business, Bondaval names co-chief underwriting officer as credit markets tighten)The Chartered Insurance Institute has created a new eight-member Professional Communities Advisory Boardto bring more frontline industry input into professional standards, learning and guidance as the sector faces growing talent and skills pressures. The board is chaired by Richard Napoli of Markel, with Joel Markham of AXA as Deputy Chair, and also includes Janet Edey of Chubb, Kerry D’Souza of First Central,Eibhlin Swan of Allianz, Alycia Thomson of PIB, Nicola Maguire of BIBA and Sheryl Fernando of the ABI.(Mark Rosanes, 22/6/2026, Insurance Business, CII forms eight-member board as talent crisis reshapes the profession)​Not subscribed yet? Subscribe for the latest news, market trends, and weekly insights - all delivered straight to your inbox.All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.​​

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General Insurance newsletter Friday 19th June 2026

​Insurance NewsPrivate Equity is changing: What it means for insurance and wealth businesses - Private equity's role in insurance and wealth is shifting. With tougher market conditions, focus has moved from financial engineering to operational growth. Strong leadership, governance, and scalability are now key, as consolidation accelerates and talent becomes critical for success. (IDEX Consulting news, 'Private Equity is changing: What it means for insurance and wealth businesses')Looking to hire top General Insurance talent? - With over 325 years of combined market expertise, IDEX specialises in connecting businesses with outstanding General Insurance professionals. Covering 18+ verticals, including Property & Casualty and Marine, our consultants leverage an extensive network and deep industry knowledge to quickly source skilled candidates, ensuring lasting success and retention. (IDEX Consulting news, 'Looking to hire top General Insurance talent?')Benchmark your earnings with confidence - The IDEX Salary Calculator delivers reliable compensation data tailored specifically to General Insurance and Financial Services professionals. Instantly check your current pay against the latest market trends to ensure your compensation package truly reflects your expertise. (IDEX Consulting news, 'Benchmark your earnings with confidence')Discover the true value of your firm - Built specifically for brokers, insurers, and MGAs, our complimentary valuation tool delivers a clear estimate in seconds. Simply enter your company profile, revenue, and profit details to receive the actionable data you need to drive your strategy forward with confidence. (IDEX Consulting news, 'Discover the true value of your firm')Aon’s Luise O’Gorman says climate due diligence is becoming a core part of M&A as buyers increasingly assess whether targets’ exposure to floods, wildfires, storms, heat and drought is properly insured, resilient, and financially manageable, creating a growing advisory opportunity for brokers. The article argues that this is pushing brokers beyond one-off transaction support toward ongoing roles in exposure monitoring, catastrophe modelling, resilience planning, and long-term insurability advice as climate risk becomes more material to valuations and deal outcomes. (Gia Snape, 18/6/26, Insurance Business, Climate due diligence is opening a new front for insurance brokers in M&A)Asta CEO Lorraine Harfitt says the role of Lloyd’s managing agents is expanding well beyond syndicate oversight as Lloyd’s shifts to a more enabling model, placing greater responsibility on managing agents for governance, innovation, compliance, market leadership, and supporting new entrants. The article also highlights rising expectations around operational effectiveness and talent development, alongside a caution that AI and automation should be tied to clear business value and not undermine the entry-level pathways that develop future market expertise. (Bryony Garlick, 18/6/26, Insurance Business, As Lloyd's evolves, so does the role of the managing agent)INTERPOL’s latest cyber threat assessment warns of a rapidly worsening risk environment in Asia-Pacific, including a 600% rise in deepfake-related criminal activity, prompting concerns that London market cyber pricing is not keeping pace with claims severity and exposure.(Matthew Sellers, 18/6/26, Insurance Business, INTERPOL cyber report is required reading for London market underwriters)Aviva has received FCA approval to launch targeted support for pension customers from summer 2026, positioning it among the first major insurers to adopt the FCA’s new regime aimed at narrowing the UK’s financial advice gap. (Josh Recamara, 18/6/26, Insurance Business, Aviva wins FCA approval to deliver targeted support)In Europe’s MGA market, success is shifting away from pure premium growth toward underwriting profitability, cost discipline and carrier confidence, with specialist expertise, operational flexibility and disciplined capacity management likely to define the firms that outperform as competition intensifies and rates soften. (Bryony Garlick, 17/6/26, Insurance Business, What's changing in the European MGA market)​The Construction Leadership Council has launched a Mental Health Joint Code of Practice for the UK construction sector, developed with support from Marsh and other partners, to help firms address psychosocial risks before they escalate into crisis, against a backdrop of rising concern over mental health-related harm, suicide, and employer liability. The code will be piloted on two Crown Estate developments in London and comes as the HSE signals tougher enforcement on mental health risk management, raising important implications for construction employers, brokers, and insurers. (Josh Recamara, 17/6/26, Insurance Business, CLC launches mental health code with Marsh as development partner)The UK group risk industry paid a record £2.69 billion in claims in 2025, according to GRiD, with cancer remaining the leading cause of new claims across group life, income protection, and critical illness products, while insurers also helped thousands of absent employees return to work through early intervention and rehabilitation support. The figures underline the growing role of employer-sponsored group risk benefits in supporting workforce health and economic activity, even as rising costs and structural pressures continue to challenge the market. (Josh Recamara, 17/6/26, Insurance Business, UK group risk industry pays out record £2.69 billion: Industry body)Allianz has overtaken AXA to top the 2026 Evident AI Index for Insurance, with the report finding that the gap between AI leaders and the rest of the market is widening as a small group of insurers turn investment into measurable competitive advantage. The ranking highlights stronger talent, governance, and scaled deployment among top performers including Allianz, AXA, Manulife, Zurich, and Liberty Mutual, while also showing that most insurers remain focused on productivity gains rather than AI use cases that materially improve decision-making, underwriting, and claims outcomes. (Matthew Sellers, 16/6/26, Insurance Business, Allianz claims top spot as gap between insurers opens up over successful AI competitive advantage)​Marsh has launched Marsh Nexus Captive Solution, a cell captive structure designed to help multinational employers with more than $3 million in annual non-US employee benefits spend manage rising healthcare and benefits costs without setting up a standalone captive. The offering expands access to risk retention strategies at a time of sustained double-digit medical cost inflation and growing demand from companies seeking more cost-efficient ways to structure international employee benefits programmes. (Mark Rosanes, 16/6/26, Insurance Business, Marsh opens captive access to more multinationals amid benefits cost surge)Delegated underwriting continues to deliver strong value when underwriters stay focused on their specialist areas, according to Protect Underwriting’s Jonathan Rouse, who argues that the model works best when it combines deep expertise, underwriting discipline, and strong governance. He warns that soft market conditions and the pursuit of volume can undermine performance when firms move beyond their core capabilities, particularly in complex areas such as high net worth and fine art cover where tailored judgement and specialist claims handling remain essential. (Bryony Garlick, 16/6/26, Insurance Business, Delegated underwriting still delivers if you stay in your lane)LV= policyholders are set to transfer to Allianz Insurance plc on 1 January 2027 under a Part VII transfer, bringing the legal underwriting structure into line with Allianz’s ownership of the business while leaving the LV= brand, policy terms, service teams, and customer contact arrangements unchanged. The move marks the final structural step in Allianz’s takeover of LV= General Insurance, with the High Court hearing scheduled for October 2026 and no action required from policyholders unless they wish to object. (Paul Lucas, 16/6/26, Insurance Business, LV= policyholders to move to Allianz Insurance plc in January 2027)Aviva Chief Executive Dame Amanda Blanc is expected to face shareholder questions over her role in BP’s boardroom crisis, where as senior independent director she led both the appointment and removal of chairman Albert Manifold and is now overseeing the search for his replacement. The episode has intensified scrutiny of whether senior external directorships can distract insurance leaders from their primary responsibilities, particularly as Aviva continues the complex integration of Direct Line and manages heightened regulatory and operational demands. (Matthew Sellers, 16/6/26, Insurance Business, Aviva’s Blanc to face questions over BP fiasco)Descartes Underwriting has secured Lloyd’s coverholder approval through a binding authority with OAK Global’s Syndicate 2843, giving the parametric specialist access to new markets and larger, more complex risks including US high-net-worth natural catastrophe cover and data centre exposures. The move expands Descartes’ ability to write climate-related risks beyond the appetite of its existing carriers and strengthens its position in the growing parametric insurance market. (Mark Rosanes, 16/6/26, Insurance Business, Descartes targets data centres and HNW clients after Lloyd's approval)As property insurance markets soften and competition returns, the real risk is not just lower pricing but whether underwriting discipline holds, according to Volante Global’s Kirstie Keate. She argues that insurers often repeat past mistakes by focusing too narrowly on current pressures like rate erosion and returning capacity, while overlooking broader lessons around wording strength, portfolio balance, and the need to assess market conditions by territory rather than treating property as a single uniform market.(Bryony Garlick, 15/6/26, Insurance Business, The lessons insurers forget when competition returns)Marsh has agreed accelerated cyber claims payment arrangements with AIG, Beazley, Canopius, CFC, and QBE to help clients access funds more quickly after cyber incidents, particularly for business interruption losses and early response costs. The new endorsement framework is designed to reduce documentation delays, enable direct payment to approved incident-response firms, and speed interim payouts on undisputed losses at a time when cyber claims volumes remain high and recovery costs can hit immediately. (Mark Rosanes, 15/6/26, Insurance Business, Marsh strikes deals with five insurers to accelerate cyber payouts)BPL’s new Chief Operating Officer Emilia Levett argues that the biggest risk for specialist brokers is not growth but failing to evolve as client needs, market conditions, and risk landscapes change. She says specialist firms must scale in ways that deepen rather than dilute expertise, combining strong integration, consistent service, and smarter use of data and analytics while preserving the judgement, relationships, and agility that define specialist broking. (Bryony Garlick, 15/6/26, Insurance Business, The biggest risk for specialist brokers is standing still)Mergers and Acquisitions​Gallagher Bassett is building a vertically integrated claims-and-legal-services model through acquisitions of Strata Solicitors, Caytons Law, and Mays Brown, expanding its in-house capabilities across motor, liability, financial lines, professional indemnity, and marine. The strategy is designed to help insurers and corporates reduce handoffs, speed up claims resolution, and lower total claim costs, while also raising longer-term questions about independence and conflict management when legal advice and claims administration sit under the same corporate owner. (Matthew Sellers, 15/6/26, Insurance Business, Gallagher is buying up law firms - what's the insurance giant's plan?)Moves​​​AXA XL, Augment Risk and Howden have announced senior hires, with the standout move seeing Libby Benet become CEO of AXA XL Risk Advisory as the insurer strengthens its push beyond traditional risk transfer into prevention and advisory services. (Rod Bolivar, 19/6/26, Insurance Business, Insurance moves: AXA XL, Augment Risk, Howden)Gallagher has appointed Alex Vullo as CEO of marine and fine art & specie and confirmed Mark Hubbard as CEO of property & special risks, reinforcing its Specialty leadership through internal promotions as both markets face growing pricing pressure, new capacity, and rising risk complexity. (Josh Recamara, 18/6/26, Insurance Business, Gallagher makes two Specialty leadership appointments)Liberty Mutual, Aon, Bluefriars, SAMP Risk, Peter James Insurance, and AMICE have all announced senior appointments, with moves spanning underwriting, broking, insurtech, and trade body leadership, including Defne Turkes’ promotion to lead Liberty’s international division, Aon’s hire of Marsh construction specialist Andy Desmond, and Hayley Robinson’s appointment as Chair of Bluefriars. Other developments include Jonathon Valentine joining SAMP Risk to support renewable energy insurance technology, Paul Cowland becoming brand ambassador for Peter James Insurance, and AMICE electing María José Rodríguez and Thomas Sehn to its board. (Josh Recamara, 15/6/2026, Insurance Business, Insurance moves: Liberty Mutual, Aon, Bluefriars, SAMP Risk, Peter James, AMICE)​FM has appointed Nicholas McClure as Operations Senior Vice-President and Chief Executive for its London operations, putting him in charge of the UK, Ireland, Nordics, Middle East, and Africa as the commercial property insurer continues a broader reshaping of its global leadership team. McClure succeeds Bill Bradshaw and brings nearly two decades of experience across underwriting, client service, and operations, at a time when FM is expanding in areas such as data centre risk and specialist property cover across the EMEA region. (Mark Rosanes, 16/6/26, Insurance Business, FM appoints Nicholas McClure to lead London operations)Konsileo, MNK International, and Gauntlet have all announced senior appointments, with Helen Broadbent joining Konsileo as Head of Insurer Strategy, Robert Cooper joining MNK International as Managing Director for aquaculture, livestock and bloodstock, and Michelle South set to become Managing Director of Gauntlet from September. The moves reflect continued investment in specialist broking, insurer relations, and network leadership across the UK insurance market. (Josh Recamara, 16/6/26, Insurance Business, Insurance moves: Konsileo, MNK International and Gauntlet)​Not subscribed yet? Subscribe for the latest news, market trends, and weekly insights - all delivered straight to your inbox.All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.

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General Insurance newsletter Friday 12th June 2026

​Insurance NewsPrivate Equity is changing: What it means for insurance and wealth businesses - Private equity's role in insurance and wealth is shifting. With tougher market conditions, focus has moved from financial engineering to operational growth. Strong leadership, governance, and scalability are now key, as consolidation accelerates and talent becomes critical for success. (IDEX Consulting news, 'Private Equity is changing: What it means for insurance and wealth businesses')Looking to hire top General Insurance talent? - With over 325 years of combined market expertise, IDEX specialises in connecting businesses with outstanding General Insurance professionals. Covering 18+ verticals, including Property & Casualty and Marine, our consultants leverage an extensive network and deep industry knowledge to quickly source skilled candidates, ensuring lasting success and retention. (IDEX Consulting news, 'Looking to hire top General Insurance talent?')Benchmark your earnings with confidence - The IDEX Salary Calculator delivers reliable compensation data tailored specifically to General Insurance and Financial Services professionals. Instantly check your current pay against the latest market trends to ensure your compensation package truly reflects your expertise. (IDEX Consulting news, 'Benchmark your earnings with confidence')Discover the true value of your firm - Built specifically for brokers, insurers, and MGAs, our complimentary valuation tool delivers a clear estimate in seconds. Simply enter your company profile, revenue, and profit details to receive the actionable data you need to drive your strategy forward with confidence. (IDEX Consulting news, 'Discover the true value of your firm')Lockton reported fiscal 2026 global revenue of about US$4.5 billion, up 12% with 11% organic growth, marking its sixth straight year of double-digit organic growth as People Solutions surpassed US$1 billion in revenue and the broker continued investing in international expansion and AI-enabled capabilities. (Paul Lucas, 11/6/2026, Insurance Business, 'Lockton hits US$4.5 billion in revenue in sixth straight year of double-digit growth')EDII and Markel are bringing the Digital Minds Embed programme to Leeds for the first time this October, hosted at Markel's City Square House office, where the insurer plans to grow its Leeds headcount by 25% over two years to more than 200 staff; the nine-month, CII-accredited programme is designed to help address the insurance sector’s innovation and skills gap beyond London. (Josh Recamara, 12/6/2026, Insurance Business, 'EDII and Markel bring flagship innovation programme to the North of England')BMS has launched a specialist Lloyd’s consortia unit, led by Richard Wynn, to broker and service consortia business, reflecting rising demand for delegated authority solutions as this segment now accounts for around 45% of Lloyd’s total business volume. (Mark Rosanes, 11/6/2026, Insurance Business, 'Lloyd's consortia growth drives new BMS specialist unit')Pinpoint UK has secured FCA authorisation, completing its transition to a fully independent, directly authorised London MGA following its 2025 Lloyd’s coverholder approval and strengthening its platform for further UK market growth. (Mark Rosanes, 11/6/2026, Insurance Business, 'Pinpoint UK completes regulatory build-out with FCA approval')Jensten Underwriting has secured a five-year deal with Zurich UK worth more than £300 million in cross-class property, casualty and motor capacity, strengthening its position as a virtual insurer and providing long-term stability for brokers and clients. (Josh Recamara, 11/6/2026, Insurance Business, 'Jensten Underwriting secures £300 million-plus Zurich capacity in five-year deal')AXA XL has partnered with Deloitte to offer global cybersecurity and operational technology services through its digital platform, expanding its cyber proposition beyond insurance cover to include prevention, monitoring and resilience support. (Josh Recamara, 11/6/2026, Insurance Business, 'AXA XL and Deloitte forge global cybersecurity partnership')Allianz has warned that the UK commercial insurance soft market, now in its ninth consecutive month of rate decline, is increasing pressure not just on pricing but on policy terms, conditions and customer outcomes, raising the risk that clients may end up with cheaper cover that offers less protection than expected. (Bryony Garlick, 10/6/2026, Insurance Business, 'What the soft market is really costing the industry')Willis has expanded its international property facility to provide up to $60 million in follow capacity per placement, widening its Lloyd’s panel and extending automatic follow capacity across global markets as it responds to softer property rates and stronger buyer demand for faster, more competitive facultative placements. (Mark Rosanes, 8/6/2026, Insurance Business, 'Willis expands property facility as international rates keep falling')Aviva detected a record £233 million in fraudulent claims in 2025 across more than 18,400 suspect cases, while also identifying over 105,000 fraudulent insurance applications, as the insurer warned that AI-generated evidence and rising ghost broking are making fraud more sophisticated and more costly across the UK market. (Josh Recamara, 8/6/2026, Insurance Business, 'Aviva detects record £233 million in fraud as AI tools and ghost broking accelerate')Mergers and AcquisitionsJMG Group has acquired Langton London Insurance Brokers and its underwriting arm, Portsoken Ltd, adding a £7 million GWP specialist commercial broker with 14 staff and expanding its presence in Surrey and South London while strengthening its capabilities in cyber, professional indemnity, recruitment and specialist SME risks. (Mark Rosanes, 8/6/2026, Insurance Business, 'JMG Group targets cyber and SME growth with Langton London buy')Moves​​Consilium has appointed Olivia Bellingham as Partner in its international casualty risk solutions team, effective June 11, with the BMS and former CFC broker bringing 12 years of market experience as the firm continues its purposeful 2026 build-out of international casualty capability. (Josh Recamara, 12/6/2026, Insurance Business, 'Insurance moves: Consilium, South Wales Insurance, Mercer Marsh and Aon')South Wales Insurance Brokers (SWIB) has appointed Martin Rees as Senior Account Executive, with the move coinciding with the firm's first acquisition and the opening of a new Treorchy office; Rees brings extensive senior leadership and director-level experience from major national brokers as SWIB continues its strategic expansion and investment in local talent across South Wales. (Josh Recamara, 12/6/2026, Insurance Business, 'Insurance moves: Consilium, South Wales Insurance, Mercer Marsh and Aon')Mercer Marsh Benefits has appointed Lorraine Roberts-Rance as Workplace Healthcare Consulting Leader, effective immediately; with more than 25 years of healthcare experience across Australia and the UK, she will lead MMB's UK Workplace Health Consulting team as it broadens its offering to health and social care clients. (Josh Recamara, 12/6/2026, Insurance Business, 'Insurance moves: Consilium, South Wales Insurance, Mercer Marsh and Aon')Aon has appointed Steve Dando as Chief Broking Officer for its London-based Global Broking Centre (GBC), effective July 1; previously CEO of Aon's Strategy and Technology Group and Inpoint across the UK and EMEA, where he led around 350 colleagues, and formerly Global Head of Broking at The Ardonagh Group, he will now set GBC broking strategy, strengthen market connectivity, and lead the integration of analytics, capital, and global expertise to deliver risk transfer solutions for clients. (Josh Recamara, 12/6/2026, Insurance Business, 'Insurance moves: Consilium, South Wales Insurance, Mercer Marsh and Aon')Westfield Specialty has expanded its casualty offering with a new UK and Europe liability portfolio, hiring former Everest underwriters Keith Knight and Andy Skinner to lead the push as it grows beyond Lloyd’s and builds its European company market presence. (Mark Rosanes, 10/6/2026, Insurance Business, 'Westfield Specialty adds UK and Europe liability in casualty expansion')Ripe has appointed Jon Fell as its first Chief Operating Officer, with Fell joining from Verso Wealth Management and bringing more than 25 years of operational leadership experience across Assurant Europe, Bank of America and private equity-backed financial services firms, where he led large-scale digitisation and integration programmes. (Josh Recamara, 10/6/2026, Insurance Business, 'Insurance moves: Ripe, TMK, Policy Expert, Gallagher and Vitesse')Tokio Marine Kiln has appointed Georgina Rennie as Head of Political Violence and Terrorism, hiring her from Talbot AIG where she served as Deputy Head of Terrorism and Political Violence and managed one of the market’s largest portfolios, following earlier experience at Chaucer Syndicates building its Latin America terrorism book and underwriting tools. (Josh Recamara, 10/6/2026, Insurance Business, 'Insurance moves: Ripe, TMK, Policy Expert, Gallagher and Vitesse')Gallagher has made five hires in its European private equity and M&A practice, including launching its first local team in Italy: Giulio Greco becomes Chief Broking Officer for the EMEA practice, leading broking strategy for transactional risk solutions across the UK, Europe and the Middle East; Carlo Ungaro joins as Director of Relationship Management for southern Europe; Federica Marcabruni, a Corporate M&A Lawyer with more than a decade of experience, becomes Head of Transaction Solutions for Italy; and Alberto Corolla and Vincenzo Ferrini join as Director and Associate Director of Transaction Solutions respectively, both bringing corporate law backgrounds as qualified lawyers. (Josh Recamara, 10/6/2026, Insurance Business, 'Insurance moves: Ripe, TMK, Policy Expert, Gallagher and Vitesse')Arch Insurance International has appointed Kendra Felisky as Chair of Arch Insurance (UK) and Arch Managing Agency, promoting an existing independent Non-Executive Director with more than 20 years of actuarial, risk and governance experience, including senior roles at Deloitte and Travelers, following the retirement of long-serving Chair Patrick Storey. (Mark Rosanes, 9/6/2026, Insurance Business, 'Arch Insurance UK gets new chair')Novus Underwriting has appointed Mark Noble to its underwriting team, hiring him from Canopius where he was an Assistant Underwriter in the specialist consumer products team, with five years of experience across consumer protection insurance products and particular expertise in accident, sickness and unemployment cover. (Josh Recamara, 9/6/2026, Insurance Business, 'Insurance moves: Novus, Konsileo, AbbeyAutoline, Specialty MGA, UIB, Broadstone')Konsileo has appointed Dawn Derbyshire as Head of Commercial Strategy, bringing more than 35 years of broking experience and joining from TEn Insurance Services, now Eleven Network, where as Managing Director she oversaw regulation, operations, network growth and retention, strategic direction and stakeholder management. (Josh Recamara, 9/6/2026, Insurance Business, 'Insurance moves: Novus, Konsileo, AbbeyAutoline, Specialty MGA, UIB, Broadstone')AbbeyAutoline has appointed Ciaran McGurgan as Corporate Business Director and Kate Moore as Head of Private Clients, with McGurgan bringing more than 22 years of experience and joining through the acquisition of family firm BMG Insurance, while Moore brings 23 years at AbbeyAutoline across personal lines, client management and operations, and will now lead the private clients division as well as the property owners and private medical insurance teams. (Josh Recamara, 9/6/2026, Insurance Business, 'Insurance moves: Novus, Konsileo, AbbeyAutoline, Specialty MGA, UIB, Broadstone')Specialty MGA, part of MNK Group, has appointed Marcus Smithson as Head of Financial Lines and Cyber, hiring a market veteran with more than 30 years of experience who joins from Marsh and previously spent nearly a decade at Generali building its Latin American financial lines and cyber portfolio, alongside earlier underwriting and portfolio management roles at QBE in London. (Josh Recamara, 9/6/2026, Insurance Business, 'Insurance moves: Novus, Konsileo, AbbeyAutoline, Specialty MGA, UIB, Broadstone')Broadstone has appointed Simon Grout as Senior Actuarial Director in its insurance advisory and remediation division, bringing in an actuarial and management consultant with nearly 40 years of experience across EMEA who joins from FTI Consulting and has previously held roles at Bacon and Woodrow, William M. Mercer and Oliver Wyman following its acquisition by Marsh McLennan. (Josh Recamara, 9/6/2026, Insurance Business, 'Insurance moves: Novus, Konsileo, AbbeyAutoline, Specialty MGA, UIB, Broadstone')United Insurance Brokers has appointed Kevin Webb as Divisional Director for binders, bringing in a market specialist with more than 25 years of experience in North American business and commercial transportation risks who joins from Burns and Wilcox Global Solutions and has previously held roles at Bowood Insurance Brokers and Howden Insurance Brokers. (Josh Recamara, 9/6/2026, Insurance Business, 'Insurance moves: Novus, Konsileo, AbbeyAutoline, Specialty MGA, UIB, Broadstone')Clear Group has appointed Nathan Bavidge as Chief Financial Officer, succeeding Tim Money, with Bavidge joining from Three Rock Group and bringing experience across finance, risk, strategy and M&A roles at Chill Insurance, Quote Devil Insurance, Ivernia MGA, Policy Expert, Compare The Market, BGL Group and Direct Line Group. (Mark Rosanes, 8/6/2026, Insurance Business, 'Clear Group names new CFO as Money prepares June exit')​​Not subscribed yet? Subscribe for the latest news, market trends, and weekly insights - all delivered straight to your inbox.All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.

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