Insurance News
IDEX Consulting unveils employer value proposition: Making the unbelievable achievable - IDEX's new Employer Value Proposition (EVP) is centered on empowering individuals to achieve personal and professional goals while driving business growth. With a focus on inclusivity and innovation, IDEX provides a supportive ecosystem equipped with cutting-edge tools and resources, enabling employees to excel. This initiative reinforces IDEX’s dedication to creating a culture where personal ambitions are prioritised before business success, setting it apart from competitors. (IDEX Consulting news, 'IDEX Consulting unveils employer value proposition: Making the unbelievable achievable')
M&A resource library - Access our free resources where M&A buy-and-sell leaders, and tax, regulatory and legal experts share a range of useful guidance, including; how to maximise your sale value and manage a smooth transaction. (IDEX Consulting news, 'M&A resource library')
IDEX Consulting appoints new Head of Internal Recruitment - With over 18 years at IDEX, Michelle Paish will focus on attracting top talent, streamlining onboarding, and ensuring new hires thrive. This strategic role aligns with IDEX’s commitment to delivering exceptional client service and expanding its global footprint. (IDEX Consulting news, 'IDEX Consulting appoints new Head of Internal Recruitment')
Neurodiverse recruitment - effective strategies - Neuro-inclusive recruitment practices emphasise training, inclusive processes, and modernised hiring methods to support neurodivergent individuals. Key recommendations include educating employees on legal rights, fostering open communication about adjustments, simplifying job descriptions, and avoiding reliance on automated screening systems. (IDEX Consulting news, 'Neurodiverse recruitment - effective strategies')
Hagerty has signed a non-binding letter of intent with Markel to take full control of its underwriting and investment operations starting January 1, 2026. Under the proposed agreement, Hagerty Re will assume 100% of premiums, transitioning Markel to a fronting carrier role. This move aims to enhance profitability, operational control, and financial clarity while maintaining policyholder relationships. (Jonalyn Cueto, 24/7/2025, Insurance Business, 'Hagerty unveils plan to take full control of underwriting under new Markel deal')
MAPFRE posted a €570 million net profit in H1 2025, up 23.6% year-on-year, with premiums rising 5.3% to nearly €16 billion. The Non-Life combined ratio improved to 93.1%, and return on equity increased to 12.2%. Strong results came from Iberia (€239 million, up 42.4%) and North America (€60 million, up 47.7%). (Jonalyn Cueto, 24/7/2025, Insurance Business, 'MAPFRE reports jump in H1 profit')
Chubb reported $14.2 billion in Q2 premiums, a 6.3% increase, with strong growth in P&C and life insurance, while achieving a 33.1% rise in net income to $2.97 billion. (Rod Bolivar, 23/7/2025, Insurance Business, 'Chubb sees $14.2 billion in Q2 premiums')
Westfield Specialty achieved $890 million in GWP for H1 2025, up 13%, driven by strong US (21.5% growth) and international (5.4% growth) performance, with a combined ratio of 89.4%. (Rod Bolivar, 23/7/2025, Insurance Business, 'Westfield enjoys 13% rise in first half of 2025 GWP')
Personal Group reported an 11% revenue increase to £23.3m in H1 2025, driven by record insurance sales of £7.4m in annualised premium income, supported by a direct sales strategy and new client acquisitions. (Kenneth Araullo, 23/7/2025, Insurance Business, 'Personal Group lifts H1 revenue with record insurance sales')
The International Underwriting Association (IUA)called for clear regulations to support autonomous aviation insurance, emphasising safety and liability clarity for technologies like air taxis and drones. It highlighted the need to adapt laws, traditionally focused on pilot error, to address AI and automation. (Rod Bolivar, 23/7/2025, Insurance Business, 'IUA urges regulation for autonomous aviation cover')
A Microsoft SharePoint breach, linked to Chinese state-backed hackers, has compromised over 100 organisations globally, raising concerns about systemic cyber risks. Insurers warn of increased claims and systemic risk exclusions as the attack highlights vulnerabilities in widely used enterprise software. (Matthew Sellers, 22/7/2025, Insurance Business, 'Microsoft SharePoint breach puts insurance market on alert as clients scramble to contain damage')
The FCA's report on claims handling and premium finance highlights rising costs and regulatory gaps, urging insurers to improve transparency and customer outcomes. Industry leaders, including ABI, BIBA, and PwC, emphasised the need for innovation, better claims processes, and collaboration to address inflation and supply chain challenges. (Kenneth Araullo, 22/7/2025, Insurance Business, 'Industry weighs in on FCA's claims handling and premium finance report')
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A Howden survey revealed that 68% of UK SMEs are not using salary exchange schemes, missing out on £4.5 billion in potential National Insurance savings for employers and employees. Despite fiscal pressures, low awareness and adoption hinder uptake, with only 29% of SMEs implementing the scheme for pensions. (Kenneth Araullo, 22/7/2025, Insurance Business, 'Most SMEs overlook NI savings by not using salary exchange – Howden')
Victor, in partnership with HSB, launched a contractors all risks (CAR) insurance product in the UK, offering up to £10m coverage per project. The tech-focused policy addresses risks from modern construction methods, including AI, drones, and remote monitoring, targeting contractors with revenues up to £20m. (Kenneth Araullo, 22/7/2025, Insurance Business, 'Victor debuts tech-focused contractors all risks cover with HSB in UK')
Agile's Syndicate 2427, launched under Lloyd’s ‘syndicate-in-a-box’ framework, marked its first year with global growth, expanded product lines, and increased broker engagement. Focused on SME and mid-market segments, it has entered property and marine markets while leveraging technology and regional expertise to drive sustainable growth. (Josh Recamara, 22/7/2025, Insurance Business, 'Agile's Syndicate 2427 marks first year of underwriting')
Atradius has received Lloyd’s approval to launch Syndicate 1864, set to begin underwriting on January 1, 2026. Focused on trade credit insurance, the syndicate aims to provide brokers with expanded capacity and flexibility, leveraging Atradius’ global expertise and partnerships with Polo Managing Agency and Aon Capital Advisory. (Paul Lucas, 21/7/2025, Insurance Business, 'Atradius gains Lloyd's nod for Syndicate 1864')
Aviva’s GCS division revamped its freight liability insurance, adding higher cover limits, expanded carriage conditions, a low-cost option, and E&O cover via digital platforms. The update supports brokers with streamlined processes and a growing marine underwriting team. (Kenneth Araullo, 21/7/2025, Insurance Business, 'Aviva expands digital marine insurance with freight liability revamp')
Flood Re reported a record 346,200 policies ceded in 2024/25, a 20% increase year-on-year, bringing its total to over 660,000 since inception. Rising climate risks have driven higher reinsurance costs, with net retention tripling to £347 million for 2025–2028. The scheme also launched its first catastrophe bond and increased its reinsurance liability limit to £3.2 billion. (Kenneth Araullo, 21/7/2025, Insurance Business, 'Flood Re reports record policy growth amid rising climate-related reinsurance costs')
A Capgemini report highlights insurers' growing adoption of agentic AI, with 20% piloting use cases and 12% implementing it at scale. The technology, projected to create $450 billion in value by 2028, enhances underwriting, claims, and customer service but faces trust and readiness challenges. Only 4% of insurers fully trust AI agents, emphasising human-AI collaboration over full automation. (Josh Recamara, 21/7/2025, Insurance Business, 'Insurers turning to agentic AI - report')
According to a MarketsandMarkets report, the global cybersecurity insurance market is projected to double by 2030, reaching $32.19 billion. Growth is driven by rising cyber threats, regulatory pressures, and demand for risk transfer solutions. Insurers are enhancing products with risk assessment and incident response capabilities, while the Asia-Pacific region is expected to see the fastest growth due to digitisation and evolving regulations. (Josh Recamara, 21/7/2025, Insurance Business, 'Cybersecurity insurance market projected to double by 2030')
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Movers
Zurich UK has appointed Asha Kumar as its first Chief Technology Officer, pending regulatory approval. Starting in October, she will join the UK executive committee, highlighting the firm's focus on AI and technology. Kumar, 2023 CIO of the Year, previously held senior roles at HSBC, including Managing Director of the UK retail, wealth, and private banking chief information office. (Josh Recamara, 25/7/2025, Insurance Business, 'Insurance moves: Zurich UK, TMHCCI, Allianz Commercial, TMK, Coalition and DWF')
Tokio Marine HCC International (TMHCCI) has appointed Gavin Bridges as Chief Claims Officer. Bridges, with over 30 years of insurance experience, previously led European market and legacy claims at QBE and spent 15 years at Equity Insurance Group, specialising in claims strategy, client engagement, and portfolio optimisation. (Josh Recamara, 25/7/2025, Insurance Business, 'Insurance moves: Zurich UK, TMHCCI, Allianz Commercial, TMK, Coalition and DWF')
Allianz Commercial has appointed Doan Nguyen-Huu as Global Head of Portfolio Solutions (effective August 1) and Daniel Head as Head of Delegated Authority and Portfolio Solutions for UK global and international markets (effective September 1). Nguyen-Huu, with Allianz since 2013, succeeds Claudia Valencia Lascar, while Head joins from RSA, where he was Head of Partnerships and managed delegated authority business for a decade. (Josh Recamara, 25/7/2025, Insurance Business, 'Insurance moves: Zurich UK, TMHCCI, Allianz Commercial, TMK, Coalition and DWF')
Tokio Marine Kiln (TMK) has hired Lucy Fraser as a Cyber Risk Analyst, furthering its investment in cyber capabilities. Fraser joins from the Association of British Insurers (ABI), where she advised on cyber policy and led government engagement, and previously worked on cyber and economic crime at the City of London Corporation. (Josh Recamara, 25/7/2025, Insurance Business, 'Insurance moves: Zurich UK, TMHCCI, Allianz Commercial, TMK, Coalition and DWF')
Active insurance provider Coalition has appointed James Holder as Senior Business Development Manager for the South West and South Wales, and Sam Mullett as Production Underwriter for the Midlands. Holder, previously a Specialty Cyber Underwriter at Munich Re, and Mullett, formerly a Cyber Underwriter at Aviva, join as the company expands its UK presence. (Josh Recamara, 25/7/2025, Insurance Business, 'Insurance moves: Zurich UK, TMHCCI, Allianz Commercial, TMK, Coalition and DWF')
MS Amlin has appointed Christiern Dart as CEO, effective January 2026, subject to regulatory approval. Dart, previously group CUO at Brit, brings over 30 years of re/insurance experience. He succeeds Andrew Carrier, who will step down after three years as CEO but remain within the Mitsui Sumitomo Insurance group. (Jonalyn Cueto, 24/7/2025, Insurance Business, 'MS Amlin names Dart as CEO')
DUAL Europe has appointed Frank Masteling, a 25-year trade credit expert with experience at Nexus Trade Credit, Atradius, and Rabobank, to lead its new trade credit insurance arm. (Kenneth Araullo, 23/7/2025, Insurance Business, 'Frank Masteling appointed to lead new trade credit arm at DUAL Europe')
QBE has appointed Anna Connolly as European Property Product Manager, effective October 1, 2025. Currently London Market – Property Portfolio Manager, Connolly will oversee QBE’s European property portfolio strategy, focusing on major risk segments and lead capabilities. (Josh Recamara, 22/7/2025, Insurance Business, 'Insurance moves: QBE and Allianz Commercial')
Hyeji Kang will become CFO of Allianz Commercial and Allianz Global Corporate & Specialty SE (AGCS) on October 1, 2025, succeeding Oskar Buchauer. Kang, currently Allianz Re CFO, has held key roles since joining Allianz in 2015, including Chief Actuary for the Americas and Global Head of Reinsurance. Buchauer, with Allianz since 1998, has been instrumental in strategic planning and financial management during his tenure as AGCS CFO since 2023. (Josh Recamara, 22/7/2025, Insurance Business, 'Insurance moves: QBE and Allianz Commercial')
Willis, part of WTW, has launched a dedicated residential real estate team to focus on key segments like build-to-rent, student accommodation, and retirement living. Co-led by Naomi Palmer, with over 12 years of experience managing large-scale residential insurance programs, and Shaun Grainger, bringing two decades of sales expertise in real estate, the team aims to enhance tailored insurance solutions and claims handling for residential property clients. The team also includes Mike Marrill as Claims Executive, who will focus on managing residential property-related claims to strengthen claims handling capacity and ensure continuity of service for clients. (Kenneth Araullo, 21/7/2025, Insurance Business, 'Willis forms dedicated team for residential real estate insurance and claims')
Tokio Marine GX (TMGX) has announced key leadership appointments to strengthen its renewable energy division: Olly Litterick has been named Head of Renewables, overseeing onshore wind, offshore wind, solar, and battery storage, following his role as Head of London Market Underwriting at GCube; Rosa van Reyk has been appointed Head of North America (West Coast), bringing 15 years of experience in insurance and sustainable power markets, previously serving as a senior underwriter at GCube in California; and Michael Galea has been named Head of North America (East Coast), leveraging over a decade of renewables sector experience, having worked as a senior underwriter at GCube in both London and New York. (Josh Recamara, 21/7/2025, Insurance Business, 'Tokio Marine GX boosts division following acquisition')
All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting
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