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General Insurance USA

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    OUR GENERAL INSURANCE USA EXPERTISE

    A key offering of our General Insurance division, our US insurance team helps businesses across the US source highly skilled professionals that will add sustainable value to their operations. Specialising in Financial Lines & Management Risk, Marine & Transportation, Broking and Claims our specialists partner with leading firms, achieving a 98% success rate on permanent placements.

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  • ​“IDEX has been an absolute pleasure to work with; specifically Dan Griffiths. They listen to our needs and search for quality candidates whose experience align with our open roles. They are responsive and provide frequent follow ups on open items. Great customer service all around. I would highly recommend using IDEX to any organization who needs assistance with staffing.”

    Dan Griffiths, Business Manager General Insurance
    Dan Griffiths, Business Manager General Insurance

  • ​“I just want to say thanks so much again for your help. I know you were just doing your job, but this is literally a life changing opportunity for me. This has opened doors for me to provide more for my family. From the bottom of my heart, I truly appreciate you and everything you’ve done.”

    Drew Crawford, Business Director Marine/Transportation
    Drew Crawford, Business Director Marine/Transportation

  • ​“As a need arose within Piiq Risk Partners to appoint an Aviation Broker in Chicago, we instructed Drew to help us find a suitable individual who would not just suit the role specification, but would fit into the culture within our business.We found Drew to be highly professional, he knew his market very well, despite being based in the UK. He identified a number of impressive candidates and we have since made an appointment on an individual who ticked all the boxes.”Kevin Wagner, Partner, Piiq Risk Partners

    Drew Crawford, Business Director Marine/Transportation
    Drew Crawford, Business Director Marine/Transportation

  • ​“A few months ago, we recognised the need for a Marine business development manager for the USA, recruiting and retaining producers for our business, and we set Drew the task of finding the right individual.In no time at all, Drew presented us with 7 high quality candidates, all of whom would have done justice to the role.During the process, it became clear that the position was really a 2 person role and Drew quickly adapted to the new circumstances. This did mean that one of the positions would not be quite as attractive to the candidates, but Drew quickly understood what needed to be done and in no time we had interviewed and recruited the people we needed.Drew’s work didn’t stop there, however. With all offers of employment come questions, obstacles and, inevitably with this calibre of candidate, counter offers and alternative persuasions. Drew dealt with all this for us and has now delivered 2 high quality individuals who will be committed to our business.We can’t speak highly enough of Drew.”

    Drew Crawford, Business Director Marine/Transportation
    Drew Crawford, Business Director Marine/Transportation
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LATEST JOBS General Insurance USA
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Senior Transportation Broker

United States of America
US$80000 - US$200000 per annum + ompensation package + equity

As a Transportation Wholesale Producer/Broker would you like to earn equity, not just based on the portfolio you build, but the office or region you establish? This is a rare, sought after opportunity to build a Transportation practice for one of the fastest growing wholesale brokers in the US. Even better, the equity can be realized and a timescale will be discussed with you. We are not talking about a private equity backed business with aggressive growth and unrealistic return on investment expectations, this is an employee owned, independent Wholesale Broker and MGA who are building for the future. You know, to compete and out-perform the top 4 This firm already have deep expertise across a number of sectors including Marine, Cyber/Financial Lines, Construction, Builders Risk and Environmental, plus have a specialty MGA in-house. If you'd relish the opportunity to represent an 'underdog' wholesale broker in the market, where you can help set the standard, have a voice and actually be able to deliver on the ideas you bring to the table, then this is for you. This business already have strong links into the transportation market and have some good distribution already in place, but are looking for entrepreneurial minded individuals who can add to this and build out a new region for the business. On offer: You'll be rewarded with a strong base salary and compensation package, plus equity deal with timescales attached (to be discussed) You will have the opportunity to work remotely as well as help build out a new office/region About you: You'll have focussed on Excess Liability, Excess Casualty and Umbrella. Deep relationships with major XS Carriers - Gemini, Starstone, RSUI, C&F, etc. Ability to start and lead an office wherever you may be located and have good connections with Brokers/Agencies who use you to place their transportation business. You'll bring a Transportation wholesale broking background, but well versed on other segments e.g. Energy, Oil & Gas, Heavy Casualty You'll enjoy collaboration and be able to cross sell lighter transportation risks (APD / MTC / Cargo Stock Throughput etc.) A current book or a production network not necessarily required - You may be an experienced Account Executive looking for your opportunity to build something for yourself First steps: There is nothing too formal at this stage, simply apply with your resume or get in touch with Drew Crawford at IDEX. If you don't have an update resume at this point, no problem, we can help you with that if needed If you are interested in taking it forward at that point (And your experience is right), we will arrange a first stage introductory call with the President of the business. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

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Senior Vice President / Producer

United States of America
US$150000 - US$250000 per annum + + equity

Yearly equity, annual company cash distributions, strong back office support to free you up more time to spend with your clients and complete flexible working This is what you'll get if you join this top US Insurance Broker as a Senior Vice President As an experienced Producer, to even consider building a book / team at another Insurance Broker, you want to ensure you are rewarded with the best deal and opportunity out there. 1.) Joining a large US privately owned broker with no plans to be sold. Very good industry reputation with a "family feel" 2.) Equity on offer which provides yearly liquidity - You can take cash off the table each year or re-invest 3.) Full remote working and autonomy 4.) Support staff see the same benefits as Producers, meaning you'll naturally have better quality behind you to service clients This is a tangible equity deal meaning you are able to take cash off the table each year based on the wider company performance OR be able to reinvest. As an experienced Producer / Vice President and top performer you value having a good back office infrastructure so you can focus on spending genuine time with your clients and secondly, the best reward structure on the market to incentivize you to consistently grow your portfolio. This is a rare opportunity to join a firm who have a unique blend of entrepreneurial freedom, shared success (excellent growth over the past 10 years), and people-first culture. You will work with a leadership team that promotes a flat, collaborative culture where people feel valued and not seen as just "revenue generators" This is ideal if you're a passionate producer/partner aiming to: Expand your book in a profitable and meaningful way Retain leadership and autonomy Benefit from shared services and national scale Work at a firm that puts people, purpose, and growth front and center over anything else This business is looking to attract individuals who have experience operating in a wide range of industries including Manufacturing, Food and Drink, Real Estate, Construction, Transportation, Marine and Transportation, Aviation and Employee Benefits. You'll have successfully built a book in the $500k - $2million revenue range and would like to improve your financial situation and happiness in the workplace No resume needed, if you're open to finding out more, get in touch for a confidential, non-committal chat! Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

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Senior Vice President - Aviation Insurance

United States of America
Negotiable salary

Senior Vice President - Aviation Insurance - Equity deal like no other with huge return on offer Chance to build out / lead an aviation practice for a top specialty Insurance Broker in the US who offer a flat organisation structure, with real freedom to innovate, a superior product platform and an excellent back office team to support you in what you build. You'll have full independence and personal ownership here, being part of the business who will truly provide you with the best commission and equity deal on the market. You'll be joining an industry heavyweight with the bandwidth and network to support more general aviation and aerospace business. Whilst this firm already operate in the aviation broking market, they are keen to go up a level and capitalize on some of their existing relationships, meaning they are looking to attract experienced Aviation Producers and Leaders across the US Insurance market This is an ideal opportunity if you're looking for more strategic autonomy within your aviation broking career. Do you want to build out a new territory or market? Would you like opportunity to build out a team? What do you have to offer? You have a successful track record of producing and you can continue to produce. You want an opportunity that offers a little more. You'll have many connections across the general aviation, aerospace or airlines market and have a strong desire to build something, but be rewarded pretty significantly for it. Location is flexible here with remote working on offer. If you're open to learning a little more but not wanting to commit to anything formal at this stage, simply get in touch for some inside information. No resume? No problem. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

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Head of Ocean Marine

United States of America
US$200000 - US$350000 per annum + Negotiable compensation package

This isn't a start up MGA, this is joining an established Insurance business who already have capacity / binders in place to write Marine Cargo business. A top US specialty MGA who have dominated the logistics underwriting industry for some time are in the market to make an offer to a Head of Ocean Marine (Marine Cargo) to build out a team. Within Logistics, they a hugely reputable in the market. They have a long standing history of writing profitable business and feel it's the perfect time to launch their cargo team and are keen to make multiple hires over the next 12-18 months. There's crossover business ready for you to capatalize on. A genuine strategy in place to disrupt the market There's some distribution already in place for you to add to and grow from, meaning its a nice balance between entrepreneurialism and security. Oh and there's a team already in place that actually knows how to get stuff done Now, they just need your expertise, you'll be an experienced Cargo and Stock Throughput Underwriter and/or Leader with the relationships, distribution and technical knowledge to bring to the table You'll be the one shaping the appetite. Setting the strategy. Talking directly with the brokers and promoting products. You'll be offered a compelling compensation package which will be designed to incentive growth and success. This is negotiable and to be discussed. If you're looking to make a bigger impact somewhere, joining a firm who are revolutionizing the market through their adoption of AI and data & analytics, this is the opportunity for you. If you have a resume, great! If not, don't worry too much, simply get in touch and we can help you with that. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

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Construction Practice Lead

Vancouver
US$140000 - US$280000 per annum

This Global Broker holds an established brand across both North America and Canada, with Construction Business being at the forefront of their continued success. With well-established Construction teams in both Edmonton and Toronto, this firm are setting their sights on Vancouver, and are looking to hire a Construction Practice Lead to build and shape their presence from the ground up. This is a pivotal role, with big ambitions. As an Industry Leader, you'll have full autonomy to develop strategy, drive business growth, and build out a high-performing team around you. This firm truly understands Construction Insurance, as proven by their impressive 25% year-on-year portfolio growth. Call Settings Override To From Record Yes No Always use these settings Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways. Call Settings Override To From Record Yes No Always use these settings

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Senior GI Recruiter - Specialty USA

England
Very Competitive Remuneration Pacakge

Job description ​Why not join a GI practice that has helped every single new (experienced) colleague achieve their personal best performance over the past five years? IDEX GI have a structured practice area that focuses on delivering exceptional results for our clients in the US General Insurance market, our fastest growing practice area and one that opens up phenomenal opportunities for travel, personal success and reward. IDEX Consulting are looking to appoint a proven Senior General Insurance recruiter to develop a successful desk within our highly successful US team, who focus on niche Vertical Specialty markets across North America from the UK. ​ Our US team are experiencing significant demand from clients; we are looking to add to our successful team, with experienced Consultants looking to join a successful and high performing team who are placing mid to senior talent in the Broker (retail and wholesale) and MGA markets. The successful individual will have a natural appetite to build new client relationships, have an ability to learn at pace about new niche markets and utilise both these variables to build out a niche practice area with that. ​ We pride ourselves on providing our consultants with market leading support, including: Strategic relationships with genuine employers of choice, providing our teams with high quality jobs on a retained basis Exceptional marketing support that puts you in a fantastic position to attract high calibre talent in the broker, MGA and insurer space Flexible working environment, including Laptop and company mobile phone The highest level of the leading Bullhorn CRM/IT system LinkedIn Recruiter licences & LinkedIn Jobs Researchers & Administrators to ensure you are focussed on what you do best Suite of market leading, cutting edge technology to support you ​ We pride ourselves on providing a supportive and rewarding working environment, allowing every member of the business to exceed their potential. A key differentiator for us is that we don't target our consultants on activity, rather we focus on results, ensuring that we can identify the right solution for the client or candidate, not a quick win outcome. This enables us to build long term, successful relationships with our partner clients. ​ In terms of rewards, we have created a suite of benefits including: A competitive basic salary and an industry leading, uncapped commission structure 30 days holiday Pension Private Healthcare Extensive training and development plans Open and clear career development pathways Incentives including International trips, monthly top performer rewards And much, much more Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

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Marine Yacht Insurance Leader

New York
£180000 - £250000 per annum

Chance to be part of a yacht insurance broking practice which will instantly improve your career prospects and your own reputation in the market. Your profile will be instantly raised once you join this firm and will give you a different level of client exposure you won't get at other Insurance Brokers. This is a (very) rare opportunity to be part of a very well established superyacht insurance practice who are going from strength to strength each year due to growth, meaning they have a pipeline of senior roles for you to move into. Joining as an experienced Vice President, you will be joining a rapidly growing and highly respected name in yacht insurance space who all genuinely care about their clients, insurers and more importantly, their people (IDEX know this first hand from the feedback we have received from candidate's we have introduced in the past!) As they look ahead to a bold 3-5 year growth plan, they are seeking top-tier talent to join their practice in both client service and leadership roles. This isn't your typical Broker opportunity, it's a chance to shape the future of the most exclusive segment of the global insurance market. You'll be given the platform to build relationships with a range of high net worth professionals, some who own a couple of good sized yachts, through to the multi-millionaire clientele with a plethora of Superyachts around the world. About the opportunity This practice is at the forefront of the yacht insurance world, with a reputation for excellence and a client base spanning some of the most discerning yacht owners globally. The only thing limiting their continued growth? People. To meet increasing demand, they are hiring: Experienced client service professionals with a passion for exceptional service and an understanding of high-net-worth clientele Strategic Leaders who can support the top team and help drive the vision for the next chapter of success Whether you come from yacht insurance, high-net-worth personal lines, or adjacent specialty markets, your expertise and ambition will be valued here. What's on offer: Compensation: negotiable and flexible based on experience and what you can bring to the table in terms of production track record or client retention rate. This firm are typically good payers in the market, so will structure a package based your experience and offering Location: hybrid and remote options available, results matter more than geography Culture: entrepreneurial, collaborative and committed to excellence Growth: be part of a practice with a clear path forward and the support to make a meaningful impact You might be: Currently working in superyacht or high-net-worth insurance and looking for a bigger platform An experienced Producer and/or Broker with a strong track record ready to step into a leadership role over time Someone with strong client relationships and a desire to work in a more agile, ambitious environment This team is building something remarkable and are in the market to hire anyone, they are looking for true industry experts who have a real passion for the yacht insurance industry. To express interest or learn more, please reach out directly or send your resume confidentially. No resume? No problem. We're happy to have a conversation, even if you're just starting to explore what could be next for you. Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now

Wholesale Broker

Atlanta
£100000 - £200000 per annum

Senior Wholesale Broker (Producer) opportunity joining a genuine employee owned business where you can make an impact at senior management, be offered one of the best equity deals in the market (replicated from the London market due to it's popularity so it must be good!). If you'd relish the opportunity to represent an 'underdog' Wholesale Broker in the market, where you can help set the standard, you can have a voice and actually follow up on the ideas you bring to the table. I guess it's an easy option going to join another one of the top 4 US Wholesale Brokers, but you are looking for greater career satisfaction and to actually be part of building something compelling and different in the market. A firm with deep pockets, strong investment and a financial model that will provide a platform for continued success. We are looking to talk to Wholesale Brokers/Producers with expertise within casualty, property, marine, transportation, energy and other niche lines. Here's what makes this model different: Equity with timescales: through a structured earn-out program over three years, producers become eligible for additional equity based on the net profit they generate by year three. This continues at year 6 and so on Incentivized collaboration: because share value is tied to collective success, this model fosters a culture of support, transparency and long-term thinking. If you are feeling isolated as a Wholesale Broker/Producer and want better interaction with your colleagues, this could suit Strong commission from day one: Producers earn a 30% commission starting from the very first dollar, with a supportive draw structure in place. No threshold and target to hit first We are interested in talking to established Wholesale Brokers/Producers, with a successful track record providing solutions to retailers and Brokers. Preference for those currently running a portfolio north of $1mil in revenue with ambitions to get to 5-10mil, not by working harder, but working smarter. Extra benefits: You will be offered an attractive package joining a firm who invest in their people. From flexible work options and robust health and wellbeing programs to real equity participations, they create and environment where you can thrive and continue to be successful. First steps: If the above sounds of potential interest, simply get in touch for more information. If you have a resume great, if not, don't worry, we can support you with that. First stage (if shortlisted) would be an informal, non committal chat with the President of the Wholesale Broker for you to see for yourself the benefit of joining the team! Visit the IDEX Consulting Ltd website for further opportunities. Please note that the information supplied may be retained for up to 10 years for use in connection with future vacancies. For full information on how we use your data, please visit the IDEX Consulting website and view our Privacy Policy. Our Diversity, Equity and Inclusion Mission At IDEX, we strive for an inclusion-first company culture where everyone is treated fairly and can bring their authentic selves to work. We recognise and acknowledge that diverse representation at every level of our business requires continuous and measurable effort. We are committed to driving conscious inclusion across our business and creating equitable pathways.

Apply now
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Why climate transparency matters more than ever for US insurers

Research shows there’s a considerable challenge hiding in plain sight across the US insurance industry. While 97% of insurers now disclose climate-related strategies, fewer than 30% actually provide measurable targets or concrete metrics. This isn't just a paperwork issue - it's a crisis of accountability that's leaving customers vulnerable and businesses unprepared.The latest data from Ceres, a non for-profit advocacy organisation, reveals a stark disconnect. It highlights that “99% of insurers reported on risk management processes, 97% on strategy, 87% on governance, but only 29% disclosed metrics and targets related to climate risks” (Ceres: 2025 progress report, climate risk reporting in the US insurance sector). The timing couldn't be worse. In 2024 alone, 27-billion-dollar weather disasters caused $182.7 billion in damages, whilst the global protection gap is projected to continue to rise 5% to $1.86 trillion throughout the remainder of 2025. The difference between what people need covered and what insurers actually cover is growing at breakneck speed.What this means for customersThis disclosure gap has real consequences for policyholders who are making critical decisions about their coverage.Without concrete metrics, customers can't evaluate whether their insurer is accurately prepared for climate risks. Are rate increases justified by improved risk modeling, or are they disguised profit enhancements? Customers deserve to know.Research shows that the problem could potentially get worse as insurers consider whether they should restrict coverage or exit markets entirely. During May 2024, there were 11 Florida home insurance companies in liquidation, while major insurers including AAA, Farmers and Progressive rolled back coverage availability in Florida (Bank rate: Home insurance crisis: First Florida, now California). As of early September 2025, QBE Insurance announced they were pulling out of the U.S. home insurance market completely, leaving around 37,000 California customers to find new coverage over the next 12 months. The insurer told the California Department of Insurance it's choosing to "narrow its market focus rather than continue operating in what's become an increasingly challenging market”(The insurer: QBE to drop 37,000 policies in California). Builders Reciprocal Insurance Exchange (BRIE) has stepped forward to take over most of QBE's policies as part of the transition.How can customers make informed decisions about their protection when some insurers won't share their risk assessment criteria? Without transparency into how insurers evaluate price climate risks, policyholders are essentially buying coverage blind, unable to compare which companies are genuinely prepared for future weather events versus those simply raising rates without adequate justification.The regulatory responseState insurance commissioners aren't sitting idle. They're moving from requests to requirements. The NAIC Climate Risk Disclosure Survey has narrowed it’s expected response time from insurers. The survey which was issued in July 2025 expected responses to be provided by August 2025. This marks a significant shift, what started as voluntary best practices is now becoming mandatory compliance. Insurers who fail to provide adequate climate risk disclosures could face regulatory scrutiny, market access restrictions, or challenges getting rate increases approved.The survey follows the Task Force on Climate-Related Financial Disclosures (TCFD) framework, which focuses on four key areas: governance, strategy, risk management, and metrics and targets. The last category is where most insurers are failing.The challenge for insurers Many insurers are still figuring out how to measure climate risk effectively. Traditional actuarial models rely on historical data, but climate change has made the past a poor predictor of the future.There's also competitive pressure. Insurers worry that revealing too much about their risk models could give competitors an advantage or spook investors about their exposure levels.But some critics see these excuses as unnecessary. Only 29% of insurance companies reported their metrics and targets in 2024, which Ceres noted was "an urgent concern" considering the billions of dollars in damage from extreme weather events that occurred last year (Ceres: 2025 progress report, climate risk reporting in the US insurance sector).What insurers need to do Experts suggest a more cohesive and thorough approach is needed, outlining the following recommendations:Insurers need to standardize their climate risk metrics –This means agreeing on common definitions and measurement approaches across the industry. The NAIC's Catastrophe Modeling Center of Excellence is a good start, but adoption needs to accelerate.Transparency must become the default – insurers should publish annual climate risk assessments that include specific metrics about their exposure levels, risk mitigation strategies, and performance against targets. Regulators need to enforce meaningful consequences – Disclosure requirements without consequences are just suggestions. State insurance commissioners should link market access and rate approval authority to meaningful climate disclosure compliance.Taking actionAs Ceres highlights, "insurers must move beyond rhetoric and invest in real climate accountability." The disclosure gap isn't just about compliance, it's about whether the insurance industry can fulfil its fundamental promise to provide protection when customers need it most.  The climate crisis won’t wait for insurers to improve their disclosure practices. Every hurricane season, wildfire season, and extreme weather event that passes without proper risk measurement and transparency makes the eventual reckoning more severe.Customers need insurers to explain what risks they face, but also how they're preparing to handle them. The 29% metric gap needs to close, and it needs to close fast.The question isn't whether climate disclosure requirements will continue to evolve, they inevitably will as regulators respond to growing stakeholder demands for transparency. The real question is whether insurers will proactively embrace comprehensive disclosure as a competitive advantage, or find themselves playing catch-up when enhanced regulatory standards become unavoidable.If you’d like more information on the US insurance market or guidance on recruiting the best talent in the market don’t hesitate to contact one of our insurance consultants. ​Sources  Bank rate: Home insurance crisis: First Florida, now CaliforniaCeres: 2025 progress report, climate risk reporting in the US insurance sectorThe insurer: QBE to drop 37,000 policies in California
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2025 Insurance regulatory changes for UK and US insurers and brokers

​As we progress through 2025, the insurance regulatory landscape continues to evolve on both sides of the Atlantic. With emerging technologies, changing consumer expectations, and lessons learned from recent market dynamics, UK and US regulators are implementing significant changes that will impact how insurers and brokers conduct business. Cross-border regulatory convergenceThe UK's Financial Conduct Authority (FCA) and the US National Association of Insurance Commissioners (NAIC) have strengthened their collaborative framework, resulting in increasing regulatory alignment. According to the International Association of Insurance Supervisors' 2024 report, new insurance regulations now show significant cross-jurisdictional harmonisation through the adoption of Insurance Capital Standards (ICS), creating both challenges and opportunities for firms operating in both markets (IAIS: 2023 – 2024 roadmap).Data privacy and protectionUK: Consumer duty and data protection evolutionThe FCA's Consumer Duty requirements, implemented in 2024, continue to expand in scope for 2025. There is increasing scrutiny from the FCA for insurers to enhance transparency of their services by sharing more data, namely, to demonstrate fair value for their products. This is not just about repackaging existing data, insurers must develop new metrics to better understand customer outcomes. Insurance firms must demonstrate:Clear data usage transparency in all customer communicationsProactive identification of vulnerable customers in data processesRegular assessment of customer outcomes related to data handlingRobust third-party oversight when sharing consumer dataThe UK's post-Brexit data protection framework is also evolving, with the Data Reform Bill introducing new requirements for algorithmic transparency while attempting to reduce compliance burdens.US: NAIC Insurance data security model law The NAIC data security model is now being adopted across multiple states. US insurance companies must now provide more transparent data collection notices, implement stronger data security protocols, and offer consumers greater control over their personal information. Non-compliance penalties have increased significantly, with potential fines reaching up to $500,000 for serious violations in states like California and New York.Climate risk regulationsUK: Climate disclosure integrationThe UK has positioned itself as a leader in climate-related financial disclosures, with mandatory Task Force on Climate-related Financial Disclosures (TCFD) reporting now integrated into regulatory frameworks for certain large institutions. According to the Bank of England's latest climate risk survey, more UK insurers have incorporated climate scenarios into their risk management frameworks, although there are still challenges with climate data quality (Bank of England: Climate related financial disclosure 2024).New requirements mean businesses must focus on:Granular reporting of investment portfolio alignment with net-zero targetsEnhanced disclosure of physical risk exposure in underwriting portfoliosTransition planning documentation with concrete milestonesClimate stress testing with standardised scenariosUS: Expanding state-level climate initiativesIn the US, climate risk oversight continues to develop primarily at the state level. Research shows that more and more insurers anticipate increased regulatory scrutiny of their climate risk exposure and mitigation strategies.Property and casualty insurers in particular face new requirements to:Disclose potential financial impacts of climate-related risksDetail how climate considerations are integrated into underwriting processesDemonstrate adequate capital reserves for increasing natural catastrophe eventsReport on investment portfolio exposure to carbon-intensive industriesAlgorithmic accountability standardsAs artificial intelligence and complex algorithms become more prevalent across insurance operations, regulators have responded with new algorithmic accountability standards. Since 2019, the Bank of England has tracked machine learning adoption across financial services in the UK, finding its most extensive implementation in banking and insurance, primarily for anti-money laundering, fraud detection, customer service, and marketing applications. The FCA have previously investigated cases of direct discrimination in the sector on the basis of protected characteristics under the Equality Act 2010. The FCA and PRA's joint discussion paper on AI expressed concern that AI-driven personalisation could exclude certain groups from accessing financial products, potentially constituting unlawful discrimination. In a 2024 update the FCA reiterated that “firms using AI technologies in a way that embeds or amplifies bias, leading to worse outcomes for some groups of consumers, might not be acting in good faith for their consumers, unless differences in outcome can be justified objectively” (FCA: A literature review on bias in supervised machine learning).UK insurers must now:Document all algorithmic decision-making processesConduct regular fairness assessments across protected characteristicsMaintain human oversight of AI systemsProvide clear explanations for algorithmically-derived decisionsCyber insurance evolutionUK: Operational resilience and cyber standardsThe UK's operational resilience framework now incorporates specific cyber insurance standards following guidance from the Prudential Regulation Authority (PRA). The Association of British Insurers reports that UK cyber insurance premiums grew by over 25% in 2024, with increasing scrutiny on policy terms and conditions (Oxera Consulting LLP: The value of cyber insurance to the UK economy).New requirements include:Clearly defined important business services related to cyber coverageImpact tolerance setting and testing for cyber disruption scenariosMandatory inclusion of specific cyber coverage definitionsRegular reporting on cyber exposure accumulationUS: State-level cyber insurance reformsWith cyber losses continuing to mount in the US (a 34% increase in 2024 according to the latest Cyber Insurance Market Report), state regulators are implementing more stringent requirements for carriers offering cyber coverage.New cyber insurance standards include:Minimum security requirements that policyholders must meet for coverage eligibilityEnhanced policy wording clarity around coverage triggers and exclusionsMandatory notification processes for cyber incidentsRequired disclosure of aggregated cyber exposure across an insurer's portfolioEmerging regulatory initiatives Several regulatory initiatives continue to develop across the UK and US markets, undoubtedly impacting insurers and brokers. Parametric insurance frameworksRegulators in both markets are developing standardised frameworks for parametric insurance products, which pay predetermined amounts based on trigger events rather than actual losses. With parametric solutions rapidly growing, clear regulatory guidelines will be essential.On-demand insurance oversightThe growing popularity of on-demand and micro-duration insurance products has prompted regulators to evaluate existing frameworks for these emerging coverage types. According to research and industry data, the on-demand economy is expected to reach a valuation of approximately US$335 billion in 2025, with on-demand insurance products growing by two fifths, particularly in the gig economy.Blockchain-based insurance productsAs blockchain technology enables new insurance distribution models and smart contract-based claims processes, regulators in both the UK and US are developing frameworks to govern these innovations.As the regulatory landscape responds to technological innovation, changing risk profiles and consumer protection concerns it’s never been more important for insurers and brokers to think ahead and adapt. Those who view regulatory evolution not as an obstacle but as a catalyst for positive transformation will differentiate themselves in a saturated market.If you’re looking to hire new specialist insurance talent or are considering a new career opportunity don’t hesitate to contact our insurance recruitment consultants.​Sources Bank of England: Climate related financial disclosure 2024Deloitte: 2025 insurance regulatory outlook, weathering uncertaintyHerbert Smith Freehills: UK insurance regulation, looking ahead to 2025IAIS: 2023 – 2024 roadmapOxera Consulting LLP: The value of cyber insurance to the UK economy
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General Insurance newsletter Friday 28th February 2025

​Insurance NewsPredictive analytics: how will it impact your role? - Predictive analytics is transforming insurance by enhancing risk assessment and underwriting through big data, improving fraud detection with pattern recognition, and boosting operational efficiency by automating tasks, enabling more personalised services and stronger market competitiveness. Read our insights piece to understand how it will impact insurers and brokers, and how you can stay ahead. (IDEX Consulting news, 'Predictive analytics: how will it impact your role?')How to attract top buyers to your business - To attract top buyers for your business, it's essential to highlight your unique selling points and growth potential, maintain accurate financial records, resolve outstanding issues, and retain key employees. Engaging experienced M&A professionals and leveraging networks can help identify qualified buyers and secure favourable deals. Read our top tips now. (IDEX Consulting news, 'How to attract top buyers to your business')Building hybrid inclusive cultures - Building an inclusive hybrid culture requires businesses to go beyond diversity metrics by embedding inclusive leadership, ensuring equal access to opportunities, addressing remote work challenges, fostering open communication, and actively supporting diverse employees to retain talent and drive engagement. Our article provides practical tips and strategies you can implement now. (IDEX Consulting news, 'Building hybrid inclusive cultures')Driving equity across the insurance profession - Gender parity is still a challenge in the insurance industry, with women underrepresented in leadership roles and facing barriers like pay gaps and limited development opportunities, despite efforts such as the FCA's diversity policy. Here’s how you can change that. (IDEX Consulting news, 'Drive equity across the insurance profession')BIBA has renewed its partnership with Premium Credit to offer members a premium finance facility, providing digital solutions, a broker portal, compliance support, and training to improve services and customer conversions. (Josh Recamara, 28/2/2025, Insurance Business, 'BIBA renews premium finance facility agreement')Lemonade, Inc. reported strong Q4 and 2024 results, with $27 million in adjusted free cash flow (Adj. FCF) for Q4 and $48 million for the year, marking its first full year of positive Adj. FCF. The company also saw 26% growth in in-force premium (IFP) to $944 million, a 29% revenue increase, and a record-low gross loss ratio of 63% for Q4, reflecting its sixth consecutive quarter of improvement in loss ratios. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Lemonade's Q4 gross profit surges as loss ratios continue to improve')Swiss Re reported a 2024 net income of $3.2bn with a 15% ROE, driven by strong underwriting and investments, though U.S. liability reserves weighed on results. It expects under $700m in Q1 2025 wildfire claims, with total insured losses estimated at $40bn. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Swiss Re sets new net income target after solid 2024 results')Saudi EXIM signed reinsurance agreements with Allianz Trade, Bpifrance, and AIG to strengthen trade finance, mitigate export risks, and enhance supply chain resilience. Part of its Bridges Initiative, the deals aim to secure industrial and technological materials from 70+ countries under competitive credit terms. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Saudi EXIM signs reinsurance deals with Allianz, Bpifrance, and AIG')Hamilton Insurance Group reported a 55% rise in net income to $400.4m for 2024, with an 18.3% ROE. Gross premiums grew 24.2% to $2.4bn, net premiums rose 31.6% to $1.7bn, and a 91.3% combined ratio drove $149.4m in underwriting income. Net investment income reached $361.9m. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Hamilton reports double-digit premium growth in 2024')AXA’s 2024 earnings showed an 8% rise in gross written premiums to €110.3bn, driven by growth in property & casualty (+7% to €56.5bn), life & health (+8% to €52bn), and asset management (+8% to €1.7bn). Strong underwriting and pricing lifted property & casualty earnings by 10%, while life & health earnings grew 4% on margin recovery. Asset management earnings rose 11%, though a €156m impact from holdings offset some gains. Underlying earnings increased 7% to €8.1bn. (Kenneth Araullo, 27/2/2025, Insurance Business, 'AXA reports notable growth in 2024 revenue')Hiscox Ltd reported a 2024 pre-tax profit of $685.4m, with written premiums rising to $4.77bn and net written premiums to $3.68bn. The insurance service result grew to $553.5m, while investment income remained steady at $383.9m. EPS increased to 183.2 cents, and the total dividend rose to 43.1 cents. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Hiscox reports profit rise for 2024 as premiums and earnings surge')Aviva plc reported a 20% rise in 2024 pre-tax operating profit to £1.77bn, beating forecasts. UK & Ireland IWR VNB grew to £839m, while general insurance premiums rose to £12.2bn. The undiscounted COR was 96.3%, with the discounted COR improving to 92.2%. (Kenneth Araullo, 27/2/2025, Insurance Business, 'Aviva beats analyst expectations in 2024 results')S-RM’s 2025 Cyber Incidents Insights Report revealed ransomware remained the top cyber threat in 2024, though growth slowed. Ransomware attacks on small businesses rose 53%, while distinct threat actors nearly doubled to 53. Law enforcement efforts and lower entry barriers drove fragmentation, but ransom payments declined, indicating improved resilience. (Josh Recamara, 27/2/2025, Insurance Business, 'Cyber's biggest threat - revealed')Munich Re reported a net profit of €5.67 billion for 2024, exceeding its €5 billion target, marking the fourth consecutive year of exceeding expectations. The company’s revenue from insurance contracts grew to €60.83 billion, and its return on equity increased to 18.2%, up from 15.8% in 2023. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Munich Re reports fourth straight year of profit growth')Fidelis reported a 23% increase in premiums to US$4.4 billion for 2024, with a combined ratio of 99.7% and net income of US$113.3 million. The company returned US$151.7 million to shareholders. In 2023, Fidelis saw a 18.6% rise in premiums and a US$1.6 billion gain from the distribution of Fidelis MGU. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Fidelis achieves 23% premium growth in 2024 despite Q4 Losses')International General Insurance (IGI) reported a 2024 net income of US$135.2 million, up from US$118.2 million in 2023. Gross written premiums rose to US$700.1 million, while net premiums earned increased to US$483.1 million. The combined ratio for the year was 79.9%, up from 76.7% in 2023. Despite global catastrophe losses, IGI saw strong underwriting margins and higher net income. (Kenneth Araullo, 26/2/2025, Insurance Business, 'IGI publishes higher 2024 earnings')Steadfast Group's 1H25 results show a 20% rise in NPAT to AU$128.1 million and 11.5% revenue growth to AU$881 million. Its Australasian broker network generated AU$6.5 billion in GWP, with underwriting agencies increasing GWP by 11.7%. International operations exceeded expectations. (Daniel Wood, 26/2/2025, Insurance Business, 'Steadfast's IH25 results: strong growth')NorthStandard and other major insurers expect higher premium income in 2024 due to a rise in large claims across the global marine insurance sector, with NorthStandard noting increased poolable tonnage and higher claims, while the UK P&I Club forecasts a slight market share increase and a combined ratio exceeding breakeven, despite strong investment returns. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Marine mutuals navigate challenging market conditions')Rokstone has launched Rokstone Commercial Risks, a new direct-to-retail E&S MGA in the US, focusing on casualty-oriented underwriting for harder-to-place risks in a market that exceeded US$95 billion in premiums in 2024, with John Larkins appointed as President to lead the division. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Rokstone expands in US with new E&S MGA for retail brokers')The UK-Australia Insurtech Pathway, launched on Feb. 18, 2025, is a joint initiative by the UK’s Department for Business and Trade (DBT), Insurtech UK, and Insurtech Australia. It aims to support insurtech companies expanding into both markets by helping them navigate regulatory frameworks, establish operations, and connect with investors and stakeholders. A corresponding event in the UK is scheduled for Mar. 20, 2025. (Roxanne Libatique, 25/2/2025, Insurance Business, 'UK and Australia team up to drive insurtech expansion')The CII and University of Greater Manchester launched an Executive MBA in Islamic Insurance and Risk Management, developed with the Islamic Insurance Association of London and the Centre for Islamic Finance. The online course covers Islamic financial products, Islamic insurance operations, and Takaful insurance, preparing students for senior roles in Sharia-compliant or Takaful insurance organisations. (Kenneth Araullo, 25/2/2025, Insurance Business, 'CII and University of Greater Manchester launch Islamic Insurance MBA')West of England P&I Club completed its 2025 renewal, exceeding premium increase expectations. Member retention stayed above 99.5% for the third year in a row, with new members and organic growth driving its mutual tonnage up to 110 million GT. The fixed and charterers books grew, maintaining high retention, while controlled growth from existing members and non-entered fleets contributed to strong technical performance. (Josh Recamara, 25/2/2025, Insurance Business, 'West P&I exceeds board's expectations in 2025 renewal')AUB Group reported strong 1H25 results, with revenue up 12% to AU$712.6 million and NPAT rising 13% to AU$79.3 million. CEO Michael Emmett highlighted progress in building a multi-country Insurance Services Group, with notable growth driven by its investment in Tysers, the Lloyd’s-based wholesale broker. (Daniel Wood, 24/2/2025, Insurance Business, 'AUB Group releases results: “revenue grew strongly”')Australia’s ARPC completed its retrocession program for 2025, offering US$2.15 billion in coverage, alongside net assets and a US$10 billion government guarantee. The program reflects a higher deductible and reduced limit, supporting up to US$14 billion in total capacity for terrorism claims. ARPC engaged with over 40 reinsurers to finalise the coverage. (Kenneth Araullo, 24/2/2025, Insurance Business, 'ARPC completes 2025 retrocession program with adjusted coverage limits')B.P. Marsh & Partners reported strong portfolio activity for the year ending January 31, 2025, including the sale of CBC UK Limited and Lilley Plummer Holdings Limited, generating £65.7 million in cash proceeds from an initial investment of £0.3 million. The firm made three new investments and increased group funds to £74.1 million, up from £40.5 million in 2024. The group remains debt-free and has identified a pipeline for future investments. (Kenneth Araullo, 24/2/2025, Insurance Business, 'B.P. Marsh reports strong portfolio growth & £74.1 million in funds for 2025')Berkshire Hathaway reported a 71% increase in operating earnings for Q4, reaching $14.5 billion. Investment income rose 48% to $4.1 billion, driven by higher interest rates. Insurance underwriting earnings climbed to $3.4 billion, with GEICO's underwriting profit more than doubling to $7.8 billion. Berkshire's reinsurance businesses also saw a 44% increase in underwriting earnings. However, the company estimated $1.3 billion in pretax losses from the recent Los Angeles wildfires. (Josh Recamara, 24/2/2025, Insurance Business, 'Berkshire reports increase in fourth-quarter operating earnings')According to the latest EY Item Club Outlook for Financial Services, UK insurers are projected to see steady, slower growth in premium income over the next three years, returning to long-term average levels of 3.4%. Non-life premiums are forecast to grow by 5.2% in 2025, down from 8.4% in 2024, and slow further in 2026 and 2027. Life insurance premiums are expected to grow by 4.4% in 2025, compared to 5.8% in 2024, with further deceleration in 2026 and 2027. The decline is attributed to easing cost pressures and lower interest rates. (Josh Recamara, 24/2/2025, Insurance Business, 'UK insurers can expect slow but steady growth - report')​Mergers and AcquisitionsFloodFlash has agreed to be acquired by NormanMax Insurance Holdings, pending FCA approval. The insurtech, known for its parametric flood insurance, will continue operating as an MGA and Lloyd’s coverholder, providing solutions in the UK, US, and other markets. FloodFlash, founded in 2017, expanded from the UK to the US, focusing on high-risk flood areas. (Kenneth Araullo, 26/2/2025, Insurance Business, 'FloodFlash joins NormanMax in major parametric deal')MoversIan Micklewright has been appointed Chief Operations Officer to support global growth, bringing senior operational and IT experience from ALPS Group, while Paul Davies has been promoted to Chief Financial Officer and joined the board. (Josh Recamara, 28/2/2025, Insurance Business, 'Insurance moves: Risk Solved and Spectrum.Life')Spectrum.Life has appointed Ian Ranger as Head of Insurance for the UK and Ireland, bringing 17 years of experience from Canada Life and MetLife to lead the company’s expansion strategy, focusing on insurer partnerships and intermediary relationships. (Josh Recamara, 28/2/2025, Insurance Business, 'Insurance moves: Risk Solved and Spectrum.Life')Chubb appointed Ana Robic as Regional President for EMEA, succeeding David Furby, who becomes Executive Chairman. Robic, formerly SVP and Division President of personal risk services in North America, will oversee Chubb’s European business. Melissa Scheffler, currently COO, will succeed Robic in leading personal risk services in North America. (Josh Recamara, 27/2/2025, Insurance Business, 'Insurance moves: Chubb and Malago Insurance')Julieanne Anstey, with nearly 40 years of experience, has joined Malago Insurance, having previously worked at General Accident (now Aviva), Oval (acquired by Gallagher), and more. She will collaborate with Director Mathew Rowles to enhance client service in Bristol and surrounding areas. (Josh Recamara, 27/2/2025, Insurance Business, 'Insurance moves: Chubb and Malago Insurance')SiriusPoint appointed James Anderson as Global Chief Pricing Actuary, effective May 12, 2025. Anderson, with over 20 years of experience, joins from EY where he was a Partner advising London Market insurers. He has also held roles at Allianz, Brit Insurance, and Swiss Re. He will lead SiriusPoint's global actuarial pricing team and work on pricing frameworks and portfolio analytics. (Kenneth Araullo, 26/2/2025, Insurance Business, 'James Anderson joins SiriusPoint as global chief pricing actuary')Beazley appointed Sara Foucher as Head of Commercial Property, Europe. Based in Paris, she will lead Beazley’s commercial property offering across the region. Foucher has 30 years of experience, previously serving as Head of Underwriting GC&C at Generali and holding senior roles at RSA and Swiss Re Corporate Solutions. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Insurance hires: Beazley, M&G')M&G appointed Chris Hudson as Director of Distribution for its life insurance division. Hudson will oversee the UK distribution strategy, focusing on the intermediated market. He joins from Standard Life UK, where he was Managing Director of retail & intermediary, and has held senior roles at LV=, Aviva, Friends Life, and Aegon. His appointment follows the departure of Rob Hickson, who had been with M&G for 32 years. (Kenneth Araullo, 26/2/2025, Insurance Business, 'Insurance hires: Beazley, M&G')ARAG has appointed Peter King as London market Account Manager. With 35 years of experience, including roles at AXA, Aviva, and Allianz, King will work with MGAs, brokers, and agencies to develop tailored legal protection solutions. King’s appointment follows the announcement of David Haynes becoming CEO of ARAG UK Holdings and ARAG Legal Expenses Insurance Company, effective April 1, succeeding Tony Buss, who is retiring. Haynes, a founding member of ARAG UK, has been with the company since 2006 and most recently served as Director of ARAG Legal Expenses Insurance Company. (Josh Recamara, 26/2/2025, Insurance Business, 'ARAG appoints London market account manager')Iris Urban has been appointed Chief Underwriting Officer (CUO) for NewRe's non-life business, effective March 1, 2025. She joins from Munich Re, where she held leadership roles in underwriting and portfolio management for over 20 years, most recently as Senior Executive Underwriting P&C and Head of Property and Casualty Treaty for the German market. (Kenneth Araullo, 25/2/2025, Insurance Business, 'NewRe names Iris Urban as CUO for non-life business')René Kunz, Head of Agriculture at SCOR P&C, will retire after nearly 20 years with the company. Vikas Mahajan, with over 20 years of international reinsurance experience, will succeed him as Head of Agriculture on May 1, 2025. Mahajan, who joined SCOR in 2019, has held various senior roles, most recently in the Nordics team. Kunz will stay until July to ensure a smooth transition. (Kenneth Araullo, 25/2/2025, Insurance Business, 'SCOR P&C names Vikas Mahajan as new head of agriculture')Andy Briggs, CEO of Phoenix Group, has been appointed President of the Association of British Insurers (ABI), with his two-year term starting immediately. He succeeds Tim Bailey of Zurich. Briggs has over 30 years of experience in insurance and has previously held leadership roles at Friends Life, Scottish Widows, Prudential, and Aviva. (Roxanne Libatique, 25/2/2025, Insurance Business, 'Phoenix Group CEO takes helm as ABI president')Brown & Brown has appointed Stephen P. Hearn as Executive Vice President and Chief Operating Officer. Hearn, who joined the board in August 2024, resigned from his board position to become a member of the operating committee. In this role, he will focus on scaling operations, innovation, and talent development. Hearn has extensive experience, including executive roles at The Ardonagh Group and Corant Global, and leadership positions at Willis Group Holdings, Marsh, and Sedgwick Affinity Group. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Brown & Brown names Stephen Hearn as EVP and COO')Markel appointed Dean Johnson as Senior Underwriter, transport and logistics, in London. He will focus on underwriting policies for ports, terminals, marine trades, and cargo liabilities globally. Johnson joins from Travelers Syndicate Management, where he worked for 14 years, most recently as an Underwriter in Ports and Terminals. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Shepherds Friendly appointed Oliver Laird as a Non-Executive Director. Laird has over 20 years of experience in retail, financial services, and manufacturing, with senior roles at Lookers PLC, First Direct Bank, Lloyds Banking Group, and Co-Op Insurance Services. His non-executive roles include Beverley Building Society, Vanquis Bank, and Paysafe. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Brace Underwriting appointed Hayley Johnston as an Independent Non-Executive Director, subject to regulatory approval. Johnston is CEO of Lancashire Insurance Company in Bermuda and was previously Chief Underwriting Officer at Lancashire Insurance UK. She has also held underwriting and reinsurance roles at Axis Specialty Europe. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Specialty MGA UK expanded its energy team with Senior Underwriters Alex Rowe and Savita Patel. Rowe, specialising in upstream and midstream energy, joins from Travelers with 25+ years of experience. Patel, with expertise in downstream energy, mining, power, and renewables, previously headed energy at Ocean Re and was an Underwriter at Swiss Re. (Kenneth Araullo, 25/2/2025, Insurance Business, 'Insurance hires: Markel, Shepherds Friendly, Brace Underwriting, Specialty MGA UK')Vista Insurance appointed John Garrard as Head of Schemes and Affinities. He will focus on developing schemes, affinity partnerships, and digital trading strategies. Garrard previously founded Wrapper Insure and was Managing Director at Fish Insurance, bringing expertise in digital transformation, strategic partnerships, and business growth to enhance Vista's approach to schemes and affinity trading. (Josh Recamara, 25/2/2025, Insurance Business, 'Vista Insurance hires John Garrard as head of schemes and affinities')Munich Re appointed Hanh Nguyen as Head of Treaty P&C underwriting for Southeast Asia and India, effective March 1. She succeeds Joachim Zagrosek, who will lead property and casualty treaty underwriting in Germany. Nguyen, with 19 years of experience in reinsurance, has been with Munich Re since 2006, most recently serving as Deputy Head of Treaty P&C Underwriting for SEA and India. (Kenneth Araullo, 24/2/2025, Insurance Business, 'Munich Re names Hanh Nguyen as new head of treaty P&C underwriting for Asia')Price Forbes Re appointed Sherman Power as Executive Vice President, alternative risk and capital solutions. Based in Dallas, Power will expand PF Re’s capacity in evolving insurance markets. With nearly 30 years of experience, he previously led Aon Re’s US structured solutions team. (Kenneth Araullo, 24/2/2025, Insurance Business, 'Price Forbes Re appoints Sherman Power to lead alternative risk strategy')Gallagher appointed Sarah Lyons as CEO of its London-based Specialty division, effective July 1, 2025, subject to regulatory approval. Lyons, currently CEO of Gallagher's Australia and Asia business, will report to Michael Rea and oversee 1,100 employees in the division. She joined Gallagher in 2014 following the OAMPS acquisition. (Kenneth Araullo, 24/2/2025, Insurance Business, 'Gallagher names Sarah Lyons as CEO of London specialty division')All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.
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General Insurance newsletter Friday 14th February 2025

​Insurance NewsHow IDEX enabled an independent broker to scale its growth- IDEX Consulting assisted Hillier Buchan, a family-owned insurance business, in transitioning ownership while preserving its client-focused approach. Owner Phil Buchan, planning for retirement, wanted a buyer that could support the company’s growth without compromising its culture. IDEX identified Commercial Insurance Services Ltd (CISL) as the right partner, ensuring a smooth sale. The transition allowed Hillier Buchan to access new resources and growth opportunities, benefiting both clients and staff, while freeing up Phil for personal pursuits. (IDEX Consulting news, 'How IDEX enabled an independent broker to scale its growth')Tips from our Managing Director, Paul Davey to accelerate your career - Paul shares strategic advice on how professionals can compete in a competitive market and ensure they receive the best possible compensation and benefits package. Advice includes; keeping up to date on innovative AI practices for the insurance sector, showcasing how specific business development expertise can grow market share and knowledge of cyber risk management. (IDEX Consulting news, 'Tips from our Managing Director, Paul Davey to accelerate your career')AI? Opportunity or threat for the insurance profession - AI is reshaping professional services by automating repetitive tasks, providing cleaner data and creating new opportunities. It's driving higher salaries and revenue growth, especially in the financial and insurance sectors. The key to success lies in how companies integrate AI into their operations ethically. Properly harnessed, AI offers significant benefits, including enhanced productivity and market competitiveness, rather than posing a threat to jobs or industries. (IDEX Consulting news, 'AI? Opportunity or threat for the insurance profession')Cyber risk management insights and guidance - The UK insurance market is navigating risks posed by digital transformation, particularly cybersecurity, regulatory compliance, and data privacy. Insurers are facing increased exposure to cyber risks through the adoption of new systems and technology. Key challenges include managing digital disruption and integrating tech solutions while ensuring operational efficiency. Read our insights piece to understand how you can improve resilience through enhanced cybersecurity measures, and implement regulatory adjustments to accommodate emerging risks. (IDEX Consulting news, 'Cyber risk management insights and guidance')Mosaic Insurance launched a combined environmental product, Site Pollution & General Liability (SGL), integrating general, environmental, and professional liability under a single worldwide form with up to $25M in excess capacity, available to retail and wholesale brokers. (Josh Recamara, 14/2/2025, Insurance Business, 'Mosaic Insurance introduces environmental product')Olga Collins, CEO of the Worldwide Broker Network (WBN), identifies talent acquisition and retention as key challenges in the insurance industry, emphasising the need to attract diverse professionals and leverage AI to enhance efficiency while maintaining human insight. (Mia Wallace, 13/2/2025, Insurance Business, 'CEO on the challenges and opportunities facing the insurance industry in 2025')CyberCube’s ‘Cyber Predictions’ recent webinar highlighted a continued soft market for cyber insurance, with Marsh’s Scott Stransky noting single-digit rate decreases and higher limits for buyers. Cyber Consultant Stephen Ridley suggested the market is nearing its pricing floor after 18 months of decline, with expectations of a potential shift ahead. (Mia Wallace, 13/2/2025, Insurance Business, 'What will shape cyber insurance conversations in 2025?')Broker Insights has extended its partnership with Hiscox for three years, continuing their nine-year collaboration to enhance regional broker engagement and mid-market opportunities through advanced data analytics. (Josh Recamara, 13/2/2025, Insurance Business, 'Broker Insights extends partnership with Hiscox')NTT Data’s research reveals a growing AI adoption but warns of a leadership and governance gap threatening investment, security, and trust. Based on insights from 2,300 executives across 34 countries, the report highlights unclear regulations, workforce readiness issues, and concerns over AI security risks. While AI enthusiasm is strong, 72% of organisations lack an AI policy, and 75% fear conflicts with sustainability goals. CEO Abhijit Dubey emphasises the need for leadership-driven AI governance to bridge the responsibility gap. (Josh Recamara, 13/2/2025, Insurance Business, 'AI advancement outstripping governance and workforce readiness - report')MAPFRE reported a record €902 million attributable result for 2024, a 30% rise despite a €90 million goodwill write-down, with premiums growing 4.5% to €28.1 billion. (Kenneth Araullo, 12/2/2025, Insurance Business, 'MAPFRE boosts dividend to record high as profits climb')Gallagher Re expanded its renewable energy practice in 2024, growing its client base in Asia and securing offshore wind placements, while strengthening market engagement through seminars and industry events. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Gallagher Re on the renewables market in 2025')Howden Re’s latest report highlights the financial risks of rising wildfires in California, warning that regulatory constraints on risk-based pricing have led to major insurer withdrawals, leaving homeowners and businesses increasingly vulnerable. It calls for regulatory reforms and risk mitigation investments to stabilise the market. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Wildfire re/insurance costs disrupt California housing market – Howden Re')Yury Braun, former VP at Hannover Re, has launched YOU RE, a full-service reinsurance MGU focused on data-driven underwriting in casualty, non-CAT property, professional liability, and cyber lines. With 14 years at Hannover Re, Braun played a key role in expanding its insurtech and agency portfolio in the US. (Kenneth Araullo, 12/2/2025, Insurance Business, 'YOU RE enters reinsurance market with focus on data and risk optimization')​AIG reported Q4 adjusted net income of $1.30 per share, up 2% and beating estimates. Full-year income rose 12% to $4.95 per share, with nearly $2 billion in underwriting income and a combined ratio below 92% for the third year. Net premiums grew 6%, with commercial division premiums up 7%. (Josh Recamara, 12/2/2025, Insurance Business, 'AIG reports fourth-quarter earnings increase')Intact Financial, RSA’s parent company, reported a 5% increase in Q4 DPW, driven by personal lines. Its combined ratio improved to 86.5%, while net operating income per share rose 23% to $4.93, supported by higher investment and distribution income. (Kenneth Araullo, 12/2/2025, Insurance Business, 'RSA parent Intact reveals Q4 results, continues growth trend')Travelers expects $1.7 billion in losses from the Los Angeles wildfires, affecting personal and commercial insurance. Despite this, Q4 core income rose to $9.15 per share, up from $7.01, due to higher underwriting gains and investment income. (Josh Recamara, 12/2/2025, Insurance Business, 'Travelers expects $1.7 billion in losses due to wildfires as financials surge')Launched during Miami Reinsurance Week, MNK Re’s new energy reinsurance facility offers up to $50M per declaration, addressing a gap in competitive capacity for SMEs in Latin America while also accommodating larger programs. It provides an alternative to traditional reinsurance structures for clients and brokers. (Kenneth Araullo, 13/2/2025, Insurance Business, 'MNK Re unveils energy facility for Latin American SMEs')The MGAA and ABI have signed an MoU to strengthen collaboration in the insurance sector, focusing on retail and commercial insurance, regulatory changes, operational resilience, and technological advancements. The agreement also allows coordination on government and regulatory matters, aiming for a unified approach on key issues. Additionally, the MoU opens opportunities for joint initiatives, such as collaborative learning programs, networking events, and research projects. (Josh Recamara, 12/2/2025, Insurance Business, 'MGAA and ABI announce tie-up')Arch Capital Group reported Q4 2024 net income of $925 million, or $2.42 per share, reflecting a 17.9% annualised return on average common equity, down from $2.3 billion in Q4 2023. The company also recorded pre-tax catastrophic losses of $393 million, mainly driven by Hurricanes Milton and Helene, and anticipates significant losses from the California wildfires to begin 2025. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Arch Capital prepares for wildfire impact after Q4 earnings drop')The cyber insurance market is projected to reach $16.6 billion in 2024, with North America accounting for $10.5 billion, Europe $3.9 billion, APAC $1.7 billion, and ROW $0.5 billion, according to Guy Carpenter. The report highlights regional growth, emerging segments, and evolving cyber risks, noting a stabilisation of rates after significant increases in 2021 and 2022, continuing into 2024. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Cyber insurance market expands as global risk dynamics shift – Guy Carpenter')Amwins Global Risks (AGR) has restructured its underwriting operations under Simon Jackson, creating three entities: Unicorn Underwriting (fleet and commercial risk), Contour Underwriting (marine cargo and expanding products), and Amwins Amplify (exclusive products for AGR brokers). Unicorn's Worldwide Property segment will be rebranded under Contour. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Amwins Global Risks unveils new underwriting structure')The International Union of Marine Insurance (IUMI) reiterated its support for free trade, warning that protectionist measures, such as trade tariffs, could disrupt supply chains and increase risk for marine underwriters. IUMI Secretary General Lars Lange emphasised that more trade leads to more vessels and cargo to insure, and protectionist policies could strain supply chains and raise exposure for marine insurers. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'International Union of Marine Insurance addresses trade tariffs')The MGAA has unveiled its 2025 strategy, focusing on networking and education, high-level advocacy, and data-driven insights. The updated mission includes enhancing industry engagement, expanding influence on regulatory issues, and becoming a leading source of market intelligence. A key initiative is the MGAA Next Gen Committee, dedicated to talent development through training, networking, and involvement in MGAA initiatives. The association also introduced a refreshed brand identity and website. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'MGAA outlines strategic vision for 2025')The Global Insurance Law Connect (GILC) D&O Global Trends 2025 report highlights increased regulatory scrutiny, litigation risks, and market shifts. Key factors influencing underwriting include legislation, ESG, and macroeconomic uncertainty. Claims against directors are rising, and demand for D&O insurance is growing globally, with cyber risk also impacting market sentiment. (Rod Bolivar, 11/2/2025, Insurance Business, 'D&O insurance demand grows amid rise in upheld claims')Howden Insurance Brokers launched a UK quote-and-bind platform for renewable energy projects, offering up to £100 million per declaration capacity. Exclusive to its retail network and Lloyd’s-accredited, the platform streamlines insurance for construction and operations, providing flexible, competitive market options for clients. (Rod Bolivar, 11/2/2025, Insurance Business, 'Howden's new platform targets renewable energy risks')IQUW recently entered a partnership with mea, an AI-driven processing platform for re/insurers, which aims to enhance IQUW’s underwriting productivity by incorporating mea’s AI technology to streamline and automate underwriting processes across its operations. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Andrew Tongue joins IQUW to lead credit and political risk team')CNA Financial reported a significant drop in net income for Q4 2024, with $21 million ($0.07 per share), down from $367 million ($1.35 per share) in Q4 2023, due to a $290 million after-tax loss from a pension settlement and $31 million in net investment losses. (Kenneth Araullo, 10/2/2025, Insurance Business, 'CNA Financial posts US$21 million Q4 net income as pension costs weigh on results')Rokstone launched a combined D&O and PI facility for financial institutions in the UK, Europe, and the Caribbean, backed by a US$10 million Lloyd’s binder. The offering targets private equity firms, hedge funds, investment managers, and credit and savings institutions. Rokstone underwrites over US$1.1 billion in premium across various specialty lines. (Kenneth Araullo, 10/2/2025, Insurance Business, 'Rokstone appoints Rob Winsley as capacity manager and broker relations director')AXIS reported a significant increase in net income, rising to US$1.1 billion for the year ended Dec. 31, up from US$346 million in 2023. Operating income also surged to US$952 million, compared to US$486 million the previous year. (Kenneth Araullo, 10/2/2025, Insurance Business, 'AXIS names Emilia Siravo head of ceded reinsurance for North America')Charles Taylor Adjusting has expanded in Europe by partnering with Netherlands-based Accurex B.V. to enhance claims management services, particularly for large and complex losses, leveraging each firm’s expertise in sectors such as property, liability, cyber risks, and catastrophe response. (Rod Bolivar, 10/2/2025, Insurance Business, 'Accurex joins global network of Charles Taylor')​Mergers and Acquisitions​Legal & General (L&G) has agreed to sell its US insurance business to Meiji Yasuda Life Insurance for $2.3 billion, including its US protection and pension risk transfer (PRT) operations. The deal, expected to close by 2025, will allocate proceeds toward share repurchases and reinsurance, while L&G maintains an 80% interest in its US PRT business. The transaction strengthens L&G’s strategic focus and drove an 11.4% share price increase. (Roxanne Libatique, 7/2/2025, Insurance Business, 'Legal & General to sell US arm')MoversiFarm Underwriting expanded its agricultural team with Gary Lennie, formerly of Hiscox, Aviva, and Towergate, as Underwriter, and Shane Mustill, previously at Geo Agriculture, as Head of Distribution, strengthening its expertise to support brokers and clients. (Josh Recamara, 14/2/2025, Insurance Business, 'iFarm Underwriting expands specialist agricultural underwriting team')BMS has appointed Genna Biddell as Managing Director and Head of London P&C Re, reporting to Brad Melvin. She will oversee the London P&C reinsurance business, coordinate with global teams, and drive strategic growth projects. Previously, she was MD of North America wholesale property treaty at Howden Re and has 25 years of experience with roles at Willis Re and Aon Re. (Kenneth Araullo, 13/2/2025, Insurance Business, 'BMS introduces Genna Biddell as head of London P&C Re')Avid Insurance has appointed Kristian Bartlett as Head of Sales and Distribution, tasked with expanding its distribution network and growing its construction business, IIGL. Bartlett joins from Arch, where he was Broker Relationship Development Manager, and has held senior sales roles at Commercial Express, Markerstudy, and Express Insurance. (Kenneth Araullo, 13/2/2025, Insurance Business, 'Kristian Bartlett joins Avid Insurance in newly created sales role')ASR has appointed Sylvain Coutu as Head of Innovation and Sustainability, overseeing parametric insurance underwriting, business development, and portfolio management. With over a decade of experience, he previously led agricultural insurance at AXA Climate and held senior roles at Swiss Re. (Kenneth Araullo, 13/2/2025, Insurance Business, 'ASR names Sylvain Coutu head of innovation & sustainability')​Lockton Re has appointed Mark van der Does as a Senior Broker on its mortgage and structured credit team. With 12 years of experience in credit insurance, he previously spent a decade at Marsh as VP in credit specialties and held roles at Starr Companies and JLT. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Lockton Re appoints Mark van der Does as senior broker in credit team')Marsh has appointed Nigel Hinshelwood as Chair of Marsh Limited UK, effective March 31, 2025, pending regulatory approval. A former HSBC Executive and ex-EY Partner, he has held non-executive roles at Lloyd’s, AXA XL, and Nordea. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')Previsico has promoted Colin Ross to COO, where he will oversee technical operations, manage project frameworks, and lead the delivery of IoT flood warning systems in the UK and US. Ross, with over four years at Previsico and prior experience at Barratt Developments, will focus on system monitoring, operational efficiency, and international growth. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')H&H Insurance Brokers has promoted Victoria Twentyman to Claims Team Leader after completing her apprenticeship. At 19, she will lead the in-house claims department, working alongside Stuart Torrance, who moved to Quality Assurance Manager, and supported by Operations Director Kally Shane. Twentyman joined HHIB in 2022 and earned her professional insurance qualifications in January 2025. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')The London Market Group has appointed David Kirk, Division President of Chubb Global Markets, to its board as a representative of the IUA, replacing David Furby. Kirk, with nearly 20 years of industry experience, took on his current role in 2024 and has previously served as Deputy Chief Underwriting Officer and Head of Marine at Chubb. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Insurance hires: Marsh, Previsico, HHIB, London Market Group')Allianz Trade has expanded its e-commerce team in Northern Europe, appointing five new hires to support its pay portfolio growth. The new members, including Kelly Feeley, Blair Pusey, Johan Bergström, Alexander van Dijk, and Richie Pamma, will focus on the UK & Ireland, Nordics, and Benelux regions, under Eugene Plug's leadership. Feeley brings experience in fintech and payment solutions, Pusey has 14 years in credit insurance and commercial banking, Bergström has a background in customer engagement and strategic sales, van Dijk specialises in KYB solutions with 18 years in financial services, and Pamma transitions to E-Commerce Customer Success Manager after five years with Allianz Trade. (Kenneth Araullo, 12/2/2025, Insurance Business, 'Allianz Trade adds key hires to expand its e-commerce payment portfolio')MAPFRE Re is restructuring to align with strategic goals, including expanding its life business and refining its approach. Effective March 1, Javier San Basilio becomes General Manager, overseeing regional divisions and large client development. The non-group business will split into non-life underwriting, led by Carmen Bueso, and life business, led by Maite González. Ricardo Pérez will manage the Iberia/Latam region and join the management committee. (Kenneth Araullo, 11/2/2025, Insurance Business, 'MAPFRE Re unveils new structure, names key executives')MS Amlin is launching a credit and political risk insurance offering in Dubai as part of its MENA expansion. Osama Elshiekh has been appointed Senior Underwriter for the new initiative, reporting to Vipul Gupta. Elshiekh brings nearly 15 years of experience, including senior underwriting roles at The Hartford and the Islamic Corporation for the Insurance of Investment and Export Credit. (Kenneth Araullo, 11/2/2025, Insurance Business, 'MS Amlin expands in MENA with credit and political risk offering')Carbon Underwriting Limited has appointed Paddy Byrne as Chairman and Michael Watson as Non-Executive Director, following Rupert Atkin's departure. Byrne brings experience from SRG Group, 6point6 Ltd, and Xchanging Ltd, while Watson, Founder of Canopius and former Lloyd’s Council member, adds extensive leadership and industry connections. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'Carbon and Alta Signa announce key appointments')Alta Signa has appointed Audrey Louche to strengthen its cyber underwriting division. Based in France, Louche brings extensive experience in underwriting cyber risks, having previously worked at Cogitanda, Assurup, and Chubb, with a focus on regulatory challenges for SMEs and large-cap companies. (Jonalyn Cueto, 11/2/2025, Insurance Business, 'Carbon and Alta Signa announce key appointments')IQUW has appointed Andrew Tongue as Lead Underwriter for its credit and political risk team. With nearly 15 years of experience, Tongue previously held senior roles at Canopius, Swiss Re, AXA Africa Specialty Risks, and CNA Hardy, specialising in political risks and trade credit. Additionally, IQUW strengthened its portfolio solutions division with the appointments of Elisabeth Groehe and George Connell to support distribution to brokers, MGAs, and broker facilities globally. (Kenneth Araullo, 11/2/2025, Insurance Business, 'Andrew Tongue joins IQUW to lead credit and political risk team')Rokstone appointed Rob Winsley as Capacity Manager and Broker Relationship Director. Winsley, who previously spent 10 years at Howden, will leverage his experience in developing strategic partnerships and managing large Lloyd’s and London Market portfolios. (Kenneth Araullo, 10/2/2025, Insurance Business, 'Rokstone appoints Rob Winsley as capacity manager and broker relations director')AXIS Capital has appointed Emilia Siravo as Head of Ceded Reinsurance – North America, where she will lead the company's North America Ceded Re strategy. Based in New York, Siravo previously spent over six years at Swiss Re in various roles, including Head of IGR Process and Management. AXIS has also strengthened its casualty practice with the promotion of Steve Cucciniello to Head of its primary casualty division. Cucciniello, with over 30 years of industry experience, joined AXIS in 2014. (Kenneth Araullo, 10/2/2025, Insurance Business, 'AXIS names Emilia Siravo head of ceded reinsurance for North America')​All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.
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US insurance market outlook: resilience and innovation

The insurance market in the United States prides itself on being one of the largest in the world with significantly high premium volumes and business revenue. According to Statista “insurance premiums written in the US exceed one trillion...dollars annually” (Statista: Insurance industry in the U.S.)Although faced with multiple challenges over recent years, particularly around cyber security, climate change, AI and regulatory changes, the industry has shown remarkable resilience. Projections show that the “US general insurance industry is set to grow at a compound annual growth (CAGR) of 8.5% from $2.18 trillion in 2023 to $3.03 trillion in 2027” (Global data: US general insurance industry to surpass $3 trillion by 2027). Additionally, despite inflationary pressures, consumer confidence remains high, thanks to a strong market and steady wage growth. The outlook for 2025 is positive with steady growth, recovery in many key specialisms and strong consumer demand. Job growth Insurance job growth across the US remains strong with employment surpassing three million according to data by the Bureau of Labor Statistics. Since August 2023 the industry has added 40,600 jobs, driven primarily by the construction and health care sectors. (Insurance Business: US insurance employment surpasses 3 million)For employers, this resilience offers a positive outlook for business growth and hiring, but it also means increased competition for top talent. Industries such as technology, healthcare, and finance continue to be strong performers, while sectors like renewable energy, logistics, and e-commerce have seen accelerated growth.  Technological innovation The insurance industry stands on the edge of a major technological evolution. Increased complexity around new regulations and products will push insurers to embrace advanced software and AI data tools to meet consumer demand and stay competitive. This will be particularly prevalent in underwriting which will require more sophisticated and data driven solutions to enable faster, more accurate risk assessments. Tools which will enable insurers to analyze information and data in real time from disparate sources, during the underwriting process will be key. Insurers will also need to evidence compliance with various digital focused regulations such as the Digital Operational Resilience Act (DORA) and other potential changes aligned to the US presidential administration. Businesses will need to update systems, and adopt specific automation to ensure compliance with the latest regulatory changes that are applicable to their processes and operations. To stay up to date with new ways of working, enhanced data modelling and to ensure technology compliance upskilling whether through certifications, specialist training or online courses will be a non-negotiable for professionals throughout 2025. For employers recruiting talent with the right expertise in AI, data science and machine learning will be essential to business operations. Natural disasters will continue to redefine coverage The growing impact of climate change and severe weather conditions will continue to shape the insurance landscape throughout 2025. According to research insured losses from natural disasters in 2024 accounted for more than $100 billion globally, despite no single event causing catastrophic damages (TheBrokers: 2025 Insurance outlook).These types of weather conditions have seen insurers implement stricter underwriting and AI based catastrophe modeling to refine and improve risk assessments. Businesses are increasingly taking into consideration smaller risks such as wildfires, convective storms and icy conditions to predict risks which poses a challenge for consumers as frequency of these types of events often increases premiums. A focus for 2025 will be how insurers offer tailored solutions to consumers in regions vulnerable to natural disasters which are often subject to unlicensed surplus lines insurers who offer coverage for risks that admitted carriers may reject. Mergers and Acquisitions gain momentum According to TheBrokers data “analysts predict 550-600 deals this year, a slight increase from 2024” (TheBrokers: 2025 Insurance outlook). Corporate M&A deals and PE activity look particularly strong with a large proportion of CEOs cited as willing to consider a merge or acquisition. According to Boston Consulting Group’s M&A sentiment survey highlights an increase in positive M&A sentiment from 81 in August 2024 to 91 in January 2025 (BCG: M&A outlook 2025). Technology focused transactions are likely to be more appealing throughout 2025 as brokers pay more attention to emerging technologies and digital solutions. The U.S. insurance industry’s ongoing resilience, coupled with strong job growth, technological advancements, and improving supply chains, provides a solid foundation for continued industry expansion throughout 2025. For insurers, success will depend on attracting and retaining top talent, fostering innovation, and adapting to new market conditions. For professionals, staying adaptable, upskilling in emerging technologies, and aligning skills with growth sectors will be key to navigating the evolving insurance market.  If you would like support with your hiring strategy or are looking for a new career opportunity, contact one of our insurance recruitment specialists who will be happy to help. Sources:BCG: M&A outlook 2025Deloitte: Insurance industry perspectiveDeloitte Insights: 2025 global insurance outlookGlobal data: US general insurance industry to surpass $3 trillion by 2027IMF Blog: How Pandemic Accelerated Digital Transformation in Advanced EconomiesInsurance Business: US insurance employment surpasses 3 millionMedium: U.S. Property & Casualty Insurers Will See Some Relief in 2024 | by Oleg Parashchak | ForinsurerPwC: Attracting talent in an insurance industry talent crisisTexas Insurance Training Academy: The Power of Knowledge: Why Insurance Training MattersTheBrokers: 2025 Insurance outlookStatista: Insurance industry in the U.S.U.S. Bureau of Labor Statistics: Unemployment rate returned to its prepandemic level in 2022: Monthly Labor Review

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