General Insurance newsletter Friday 14th November 2025

Insurance News

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WTW’s latest Energy Market Review signals a softening energy insurance market in 2026, giving buyers greater leverage to negotiate lower premiums and broader coverage. Well-managed risks with clean loss histories are seeing the most favourable terms, while downstream accounts with US exposure face tighter scrutiny after significant losses. Overall, ample capacity and insurer appetite for growth are simplifying placements and improving outcomes for disciplined buyers. (Josh Recamara, 14/11/2025, Insurance Business, 'Energy insurance market softening in 2026 gives buyers leverage on premiums and coverage')
Amiga Specialty has secured multi-year, multi-product capacity via Accelerant’s Risk Exchange just six months post-launch, providing long-term backing for D&O, PI, FI, and transactional risks. The data-enabled platform, with access to A-rated carriers across 22 countries, supports scalable global growth and more competitive specialty underwriting. (Josh Recamara, 14/11/2025, Insurance Business, 'Amiga Specialty secures multi-year capacity')
CFC Underwriting has joined the Association of British Insurers, adding deep cyber and emerging-risk expertise to the trade body. With 25+ years in cyber, proprietary tech for real-time threat intelligence, and coverage for 200,000+ businesses in 90 countries, CFC’s membership strengthens industry collaboration on growing digital exposures while extending its influence across specialist lines beyond cyber. (Josh Recamara, 14/11/2025, Insurance Business, 'CFC Underwriting joins ABI')
The Chartered Institute of Loss Adjusters (CILA) is overhauling governance and membership - shifting to a modern board with independent oversight, updating its Royal Charter and name, and introducing individual and corporate pathways - while redefining loss adjusting as the assessment, investigation, management, quantification, validation, and resolution of claims, and emphasizing tech-enabled yet human-led professionalism to meet AI, climate, talent, and regulatory demands. (Bryony Garlick, 13/11/2025, Insurance Business, 'Loss adjusting redefined: CILA sets new course for claims professionalism in the UK')
Aegon posted steady Q3 2025 growth with €340m OCG, €1.9bn cash at holding, robust capital ratios, stronger US performance, expanded €400m buyback (54% complete), and reaffirmed 2025 targets despite UK platform outflows, signalling a strengthened capital position and continued turnaround momentum. (Kenneth Araullo, 13/11/2025, Insurance Business, 'Aegon delivers steady Q3 growth, strengthens capital position')
Volt Underwriting has launched a TMK-led ports & terminals line with an initial US$15m capacity, underwriting global property and liability risks under Chris Haines to complement its energy-focused portfolio and add scale and balance for carriers. (Kenneth Araullo, 13/11/2025, Insurance Business, 'Volt Underwriting enters ports & terminals market with TMK-backed line')
Generali reported double-digit growth for the first nine months of 2025, with €73.1bn GWP, P&C operating result up 23.9% (combined ratio 94.2%), life net inflows up 54.9% to €10.4bn, adjusted net result up 14% to €3.28bn, and Solvency II ratio rising to 214%, supported by benign nat-cat and broad segment strength. (Kenneth Araullo, 13/11/2025, Insurance Business, 'Generali posts double-digit profit growth in first nine months of 2025')
Talanx reported record nine-month 2025 net income of €1.96bn, raised its full-year outlook to over €2.4bn, and now targets €2.7bn in 2026 (a year early), driven by strong primary and reinsurance performance, below-budget large losses, an 89.8% combined ratio, 21.5% ROE, and a 233% Solvency II ratio. (Kenneth Araullo, 13/11/2025, Insurance Business, 'Talanx lifts 2025 outlook once again after record earnings surge in Q3')
Aviva delivered strong Q3 growth and now expects to hit its 2026 financial targets in 2025, with Direct Line integration well underway driving expected £225m cost synergies and at least £500m capital synergies; GI premiums rose 12% to £10bn, undiscounted COR improved to 94.4% (90.4% discounted), Solvency II cover ratio is 177%, and the group plans to resume larger buybacks next year. (Paul Lucas, 13/11/2025, Insurance Business, 'Aviva reports strong growth as it closes in on financial targets')
Chubb introduced an AI-powered optimisation engine within Chubb Studio to personalise embedded insurance at the point of sale, enabling partners to boost engagement and conversion through data-driven insights, click-to-engage tech, and direct marketing—aimed at tailoring protection to customer needs in real time. (Kenneth Araullo, 13/11/2025, Insurance Business, 'Chubb launches AI optimisation engine for embedded insurance')
Pollen Street Capital is reportedly preparing a London IPO for Markerstudy that could value the UK insurer at over £4bn; Markerstudy serves about 6m customers with 6,500+ staff, reported 2024 revenue of £694m and a £141.7m loss, and expanded via the Atlanta Insurance acquisition—amid a UK sector shift toward smaller M&A deals and efforts to streamline IPO timelines. (Kenneth Araullo, 13/11/2025, Insurance Business, 'Markerstudy reportedly preparing for London IPO amid sector shake-up')

The UK will phase in sanctions through 2026 to bar British insurers and maritime firms from underwriting or servicing shipments of Russian LNG, tightening existing energy restrictions; with London covering roughly 90% of global marine insurance, the move adds compliance pressure for underwriters and brokers and could significantly disrupt Russia’s LNG export logistics. (Matthew Sellers, 13/11/2025, Insurance Business, 'UK to block insurers from underwriting Russian LNG shipping')
The ABI endorsed the UK’s new Cyber Security and Resilience Bill, calling it vital for safeguarding essential services and supply chains; with cyber claims up 230% year-over-year and nearly £200m paid last year, insurers expect rising demand for cover and risk services as medium and large IT/cyber providers come under regulation and stricter incident reporting and penalties are introduced. (Josh Recamara, 13/11/2025, Insurance Business, 'ABI backs UK Cyber Security Bill as insurers brace for rising demand')
Travelers Europe has joined BIBA as a partner, deepening collaboration with the UK broker community; the move supports closer work with regional brokers and aligns with BIBA’s recent partnerships (e.g., Markel, MGAA, Griffiths & Armour) to expand resources and strengthen distribution and customer outcomes. (Josh Recamara, 13/11/2025, Insurance Business, 'Travelers Europe joins BIBA as partner')
BIBA welcomed the UK Government’s Financial Inclusion Strategy and its “total signposting” initiative, which will apply across all retail insurance classes to direct underserved or non-standard customers to suitable providers; BIBA and ABI will develop the voluntary framework, building on existing signposting for age, flood, medical, and protection, aligning with Consumer Duty and widening market access. (Josh Recamara, 12/11/2025, Insurance Business, 'BIBA backs Government's new financial inclusion strategy')
Aon launched “Claims Copilot,” an AI platform integrating Broker Copilot and risk analysers to speed resolutions, benchmark carrier performance, and give clients real-time visibility; rolling out in Germany in Nov 2025 before global deployment through 2027, supporting 1,800 claims professionals across 50+ countries and 20+ product lines. (Jonalyn Cueto, 11/11/2025, Insurance Business, 'Aon unveils AI claims platform')
Hadron will launch in the EU in early 2026 after growth in the UK and US; backed by $250m+ in committed capital, 75+ staff, and 50 programs, it projects £200m+ UK GWP in 2025, has added 10 MGAs, and is bolstering leadership and governance to scale its delegated authority platform across Europe. (Kenneth Araullo, 11/11/2025, Insurance Business, 'Hadron to expand global footprint with planned EU launch')
Clear Group signed the UK Armed Forces Covenant, formalising support for serving personnel, reservists, veterans and families; with several ex-military employees, the broker underscores inclusive employment and culture while continuing international expansion and recent integrations in Ireland. (Kenneth Araullo, 11/11/2025, Insurance Business, 'Clear Group signs UK Armed Forces Covenant, pledges support for military community')
According to the Association of British Insurers (ABI) data, UK cyber insurance payouts hit £197m in 2024, up 230% year-on-year; malware and ransomware drove 51% of claims as policy uptake rose 17%, with the ABI urging firms to treat cyber cover as core to risk management amid increasingly targeted attacks. (Jonalyn Cueto, 11/11/2025, Insurance Business, 'Cyber insurance claims surge 230% in the UK')
Gallagher’s 2025 Pre-Renewal Review flags renewed claims pressure in the P&I market: incurred claims up 21% to $3.73bn, combined ratio around 110% (pure P&I around 120%), underwriting loss $353m offset by 5% investment returns and record $5.94bn free reserves; expects 2026 general increases around 5–7.5% with reinsurance costs and large pool losses as key wildcards. (Paul Lucas, 10/11/2025, Insurance Business, 'P&I market faces renewed claims pressure - report')
Hiscox’s first Global Protection Gap Report finds 74% of SMEs underinsured; 55% missing essential covers, widespread confusion over public liability, cyber, and professional indemnity, and a third not reviewing policies in three years. Insurers respond with measures like extended BI indemnity periods to address gaps. (Rod Bolivar, 10/11/2025, Insurance Business, 'Hiscox finds 74% of SMEs underinsured')

Moves

Gallagher reorganised its UK Retail division post-AssuredPartners deal, creating two units: a Commercial Division for mid-market clients led by Gary Fletcher (previously head of Gallagher Retail in the South) and a Corporate Division for larger, complex risks led by Simon Waine (joined Gallagher in 2010). The restructure follows the addition of 1,000 employees and aims to sharpen client service and operational efficiency. (Josh Recamara, 13/11/2025, Insurance Business, 'Gallagher reshapes UK retail operations following AssuredPartners acquisition')
Zurich UK appointed Georgina Fleet as Head of UK Compliance and to the UK executive committee, succeeding Hilary Bates (moving to Cover-More as global operations and transformation leader); Fleet joined Zurich in 2020 as head of legal transactions, after leading Legal & General’s legal team and serving as a senior associate at Pinsent Masons.(Josh Recamara, 12/11/2025, Insurance Business, 'Zurich UK appoints head of compliance')
Willis (a WTW business) appointed Louie Clarke as Global Head of Claims Strategy and Execution within Risk & Broking, reporting to Global Head of Claims Neil Harrison; Clarke, based in London, joins from Aon where he held claims leadership roles, and will shape Willis’ global claims services and solutions. (Jonayln Cueto, 11/11/2025, Insurance Business, 'Willis names global claims lead')
Prestige Underwriting promoted Carl McComb to Underwriting and Pricing Director, reporting to the MD to lead UK/IE underwriting strategy, integrate pricing and analytics, set risk/pricing guidelines, oversee models and rating frameworks, and partner with ops, claims, and distribution to improve broker outcomes. (Kenneth Araullo, 11/11/2025, Insurance Business, 'Insurance moves: Prestige Underwriting, New Dawn Risk, HHIB')
New Dawn Risk appointed George Brooke as Senior Broker in Management Liability & Financial Institutions, reporting to Jack Keilty; he joins from Price Forbes (Director, Management Liability) and previously Marsh JLT Specialty (AVP, FINPRO), bringing multi-region experience to help grow the global ML&FI portfolio, following the hire of Anthony Kerr as Senior Client Manager and Claims Advocate. (Kenneth Araullo, 11/11/2025, Insurance Business, 'Insurance moves: Prestige Underwriting, New Dawn Risk, HHIB')
H&H Insurance Brokers promoted Natalie Carr to Associate Director; with nearly 30 years’ experience, she leads the Wigton office, specialises in agriculture/forestry/tree surgery, manages farm clients across North and West Cumbria, and splits time between the Wigton office (Tue/Thu) and on-farm visits. (Kenneth Araullo, 11/11/2025, Insurance Business, 'Insurance moves: Prestige Underwriting, New Dawn Risk, HHIB')
Sedgwick named Paul White as CEO, International, effective Jan 1, 2026, succeeding retiring executive Tom Simoncic after 18 years; White currently oversees international regions as Regional CEO and has held multiple leadership roles across Sedgwick and Cunningham Lindsey. (Rod Bolivar, 11/11/2025, Insurance Business, 'Sedgwick names Paul White International CEO')
Convex UK CEO Theo Butt has been elected Chair of the International Underwriting Association, effective January 1, 2026, succeeding SCOR’s Claire McDonald, with the IUA emphasising digital transformation, operational efficiency, and market-wide initiatives under his leadership. (Paul Lucas, 10/11/2025, Insurance Business, 'Convex's Theo Butt elected chair of the IUA')
Willis, part of WTW, expanded its GB direct and facultative team with three senior hires: Fiona Kerr joins from Aon as Head of UK Property with 20 years’ market experience in property placement and portfolio growth; David Watson is promoted internally to lead North America and retro after previous work on global property placements, placement and retention, and reinsurer relationships; James Kelly joins as Casualty Producer with 40 years’ experience across JLT, Lockton, and Gallagher, spanning casualty production, portfolio development, and talent mentoring - collectively strengthening property and casualty facultative capabilities and new business development. (Paul Lucas, 10/11/2025, Insurance Business, 'Willis expands GB facultative line-up')