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Sustainability

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    SUSTAINABILITY AT IDEX

    Sustainability is core to IDEX. We are committed to being a sustainable business, taking action on ESG issues, contributing to positive societal change and doing the right thing. This is why sustainable actions and practices have been woven into all areas of our business. It is not just an ‘add on’ for us, it guides us in our interactions with clients, people, stakeholders and the wider community – it’s how we do business.

    Our sustainability strategy is based on the UN Sustainable Development Goal framework, where we have developed a set of clear goals to determine our activity and hold ourselves accountable for creating a better world.

    Contact our specialist

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OUR APPROACH

  • MATERIALITY

    As part of our materiality assessment, IDEX conducted interviews with clients, the board, and employees to understand their priorities and challenges. We also issued a number of surveys and obtained key data from those to inform our strategy.

  • STRATEGY

    Following a detailed analysis of commentary and data, we agreed our six core sustainable goals, which are linked to the UN Sustainable Development Goal framework. A strategic plan was created for each, with key targets.

  • REPORTING

    Sustainable practices are embedded throughout the business, and the strategy is owned by the board. The sustainability team meet regularly to drive activities and targets. Progress is reported quarterly to the board and key stakeholders.

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    SUSTAINABILITY IN BUSINESS REPORT

    Access market data and expert insights to help you attract clients, customers and talent.

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OUR FOCUS AREAS

Financial responsibility

Financial responsibility

​IDEX has a diverse board of directors, which includes directors from a variety of backgrounds and experience. It is also challenged by two independent advisors. The board meets on a quarterly basis to assess strategy, priorities and financial performance.

Good health and wellbeing

Good health and wellbeing

One of our most important aims is to protect the health and wellbeing of our people. We provide a comprehensive benefits package for all employees, including medical, dental, mental health support, lifestyle and fitness. Flexible and hybrid working is core to our practice, promoting a healthy work-life balance by offering 30 days of paid annual leave.

Climate action and net zero

Climate action and net zero

Our goal is to achieve net zero by 2030, partnering with a sustainability consultancy to ensure a high standard of analysis and target setting, aligned to ISO 14064. We will use information around ISO Standards to ensure the validity of the work completed.

Charitable giving and helping

Charitable giving and helping

IDEX partner with a UK charity every year, running various events and activities to fundraise money and provide support. We also cash match individual and team charity events, offer payroll giving which is cash matched and provide everyone a paid day of leave to complete a charitable activity.

Equity, diversity and inclusion

Equity, diversity and inclusion

Our inclusive recruitment policy ensures that recruitment processes avoid unlawful discrimination and supports clients to hire diverse talent. Our internal EDI policy and strategy is driven by our committee who work to proactively build a supportive and equitable culture.

Providing good jobs

Providing good jobs

Through IDEX’s core business activity we find talented individuals for clients and the right jobs for people where they can thrive, this directly contributes to achieving decent work and economic growth.  

689 jobs

We helped 689 people achieve their career aspirations, where they can truly thrive and be financially stable.

ED&I policy

Launched our inclusive recruitment policy and ED&I playbook to ensure our work attracts diverse talent.

£87,000

We’ve raised over £87k for charity through our fundraising activities, team events, cash match and payroll giving.

Wellbeing

We’ve provided everyone at IDEX with an additional five days of paid holiday, to ensure a healthy work-life balance.

SUSTAINABILITY INSIGHTS

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General Insurance newsletter Friday 12th September 2025

​​Insurance NewsWhat will a bespoke regulatory framework mean for MGAs? - As the MGA market continues to boom, how can MGAs prepare for enhanced regulatory scrutiny and what opportunities and challenges are there? Read our insights piece for useful guidance. (IDEX Consulting news, 'What will a bespoke regulatory framework mean for MGAs?')How to embed AI tools across your insurance firm - Access advice from AI and employee behavioural experts in our video, including how to successfully adopt tools and minimise employee resistance. Don't wait to join the AI revolution. (IDEX Consulting news, 'How to embed AI tools across your insurance firm')Navigating nuclear energy insurance: what insurers need to know - Nuclear energy insurance requires specialised expertise due to federal Price-Anderson Act mandates requiring $450 million primary coverage, extending to $15 billion through industry pooling. Insurers must navigate complex regulations and catastrophic risk exposure. (IDEX Consulting news, 'Navigating nuclear energy insurance: what insurers need to know')How to increase your income and EBITA - When independent insurance broker Adrian Morton needed the perfect buyer for his minicab specialist firm, IDEX's revolutionary sell-side M&A service delivered results in just seven months. Discover how our brand-new M&A solutions for brokers and MGAs, unlike anything in the market, helps businesses grow their EBITDA and achieve maximum earn out value. (IDEX Consulting news, 'How to increase your income and EBITA')Assurex Global has launched AG London, an independent broker platform designed for independent firms, operating under a wholesale-only model to provide better representation, higher margins, and improved efficiency in the London insurance market. (Kenneth Araullo, 12/9/2025, Insurance Business, 'AG London debuts as independent broker platform backed by Assurex Global')DUAL Europe has launched a dedicated cargo insurance business, led by experienced professionals, offering all-risks coverage with extensions like Waterborne War Worldwide, to address growing demand for comprehensive cargo solutions across European markets. (Josh Recamara, 12/9/2025, Insurance Business, 'DUAL Europe enters cargo market with new insurance offering')The global cargo marine insurance market remains stable, with 2024 premiums rising 1.6% to $22.64 billion and improved loss ratios since 2018, but faces challenges from tariffs reshaping insured values, shifting trade patterns, and risks like mis-declared goods, net-zero transitions, and geopolitical pressures, according to the International Union of Marine Insurance's, Mike Brews. (Josh Recamara, 11/9/2025, Insurance Business, 'Cargo marine insurance holds steady - IUMI')AXA launches Shareplan 2025, a share offering for over 110,000 employees in 40 countries, marking the brand's 40th anniversary. The plan includes an exceptional matching contribution, allowing participants to receive one free share for every share subscribed (up to 20 shares), alongside discounted purchase options. (Kenneth Araullo, 10/9/2025, Insurance Business, 'AXA unveils Shareplan 2025 to mark 40th anniversary')Offshore energy insurance premiums fell 7.9% to $4.34 billion in 2024, driven by lower oil prices, increased market capacity, and competitive pressures, according to IUMI. While attritional losses remained high, the absence of major catastrophic events reflected improved safety. The sector faces profitability challenges but sees growth opportunities in offshore renewables and the rising role of gas as a transitional energy source. (Kenneth Araullo, 10/9/2025, Insurance Business, 'Offshore energy insurance faces downturn as market faces new pressures – IUMI')Pro MGA Global Solutions has launched Orb Specialty, a new UK-based managing general underwriter (MGU) connecting insurers with high-potential MGAs in its incubation ecosystem. The platform streamlines capacity distribution, addresses regulatory challenges, and supports long-term capacity commitments, with plans for global expansion. (Josh Recamara, 10/9/2025, Insurance Business, 'Pro MGA Global Solutions launches new managing general underwriter')Willis, part of WTW, has launched a Global Risk Engineering team within its Risk & Analytics division. Comprising nearly 200 engineers across 30 countries, the team will deliver tailored, data-driven risk assessments to help clients improve resilience and reduce the total cost of risk. The initiative combines global expertise with local insights, focusing on emerging risks, ESG goals, and strategic challenges. (Kenneth Araullo, 9/9/2025, Insurance Business, 'Willis launches global risk engineering team to boost client resilience')Certa has increased its Lloyd’s capacity for non-US primary tax risks to £157 million, €200 million, or $207 million per insured, claiming the largest primary line size in the market. This expansion supports larger, complex tax risks and highlights Certa’s growth amid market capacity challenges. (Kenneth Araullo, 9/9/2025, Insurance Business, 'Certa boosts Lloyd’s capacity for non-US tax risks')The International Union of Marine Insurance (IUMI) has urged marine insurers to adopt AI to address rising sector risks and improve efficiency. AI is being used for claims automation, fraud detection, and risk assessment, with rapid advancements reshaping the industry. However, IUMI emphasised the need for ethical AI training and highlighted challenges like ageing fleets, shifting trade routes, and environmental risks. (Kenneth Araullo, 9/9/2025, Insurance Business, 'Marine insurers urged to embrace AI amid rising sector risks – IUMI')ARAG has reported growth for DAS Legal Expenses Insurance Company in its first year post-acquisition, with gross written premiums rising to £141.4 million in 2024. Despite integration costs leading to a £4 million after-tax loss, underwriting results improved, and claims costs remained stable. The rebranded ARAG Legal Expenses Insurance Company reflects the group's commitment to steady growth and integration success. (Kenneth Araullo, 9/9/2025, Insurance Business, 'DAS reports growth in first year after ARAG acquisition')The FCA has proposed simplifying product governance rules in commercial insurance by allowing a single "lead" manufacturer, limited to insurers or Lloyd’s managing agents, to reduce duplication and inefficiencies. While this aims to streamline compliance, concerns have been raised about sidelining intermediaries with deep product expertise. The FCA estimates long-term cost savings but acknowledges limited benefits for intermediaries. (Jonalyn Cueto, 9/9/2025, Insurance Business, 'FCA proposals aim to cut duplication in insurance governance')Marine Insurer, Skuld, reported a net profit of $36 million for the first half of 2025/26, up from $25 million the previous year, driven by improved technical results and a 4.3% investment return. The combined ratio improved to 99%, reflecting premium growth and normalised claims costs. However, claims volatility and geopolitical challenges remain key concerns for the marine insurer. (Kenneth Araullo, 8/9/2025, Insurance Business, 'Skuld posts improved half-year profit as technical results rebound')Movers​HDI Global appoints Bob van Alphen, formerly of Allianz and Everest Insurance with expertise in global engineering and construction risks, as Head of Engineering Underwriting to lead a regional team, expand the company’s engineering insurance strategy across key markets, and drive profitable growth through enhanced client and broker partnerships. (Kenneth Araullo, 11/9/2025, Insurance Business, 'HDI Global taps Bob van Alphen as head of engineering underwriting')Liberty Specialty Markets (LSM) unifies its UK and MENA third-party operations under a new division led by Terry Fitzgerald, who joined in 2021 and brings 25 years of industry experience, to streamline FinPro and casualty portfolios, align with market trends, and enhance client and broker relationships. Supporting him are Emma Pearce as Head of FinPro, Daniel Munro as Head of Casualty, and Niamh Moloney continuing as General Manager of insurance in Ireland, while Stuart Sutherland and Dermot Walsh take on newly created roles as Directors of UK Retail. (Kenneth Araullo, 11/9/2025, Insurance Business, 'Liberty Specialty Markets unifies UK, MENA third-party operations')Arch Insurance (EU) dac appoints Patrick Richard as Head of Casualty for France and Virginie du Parc Locmaria as Senior Casualty Underwriter, effective September 15, to expand its casualty portfolio in France, covering primary, umbrella, and excess liability for industrial and services clients. Richard brings 30 years of experience from Volante Global, Swiss Re, and AXA, while du Parc Locmaria adds expertise from Volante, Chubb, Hiscox, and AIG. (Josh Recamara, 11/9/2025, Insurance Business, 'Insurance moves: Arch Insurance, Sicsic Advisory, Willis and Davies')Willis, part of WTW, strengthens its placement and portfolio solutions team with Gina Mulhall as Head of Global Portfolio Solutions, overseeing the Gemini facility and portfolio initiatives, and Kapila Rudra as Head of Data Strategy for global placement. Mulhall joins from Marsh, where she was Managing Director, while Rudra brings 15 years of experience from Marsh and Canopius. (Josh Recamara, 11/9/2025, Insurance Business, 'Insurance moves: Arch Insurance, Sicsic Advisory, Willis and Davies')Stuart Rouse has stepped down as CEO of Nexus Underwriting after over a decade, during which he led the company’s international expansion and growth in specialty lines, establishing it as a leading independent MGA. Nexus, now part of Brown & Brown, has not yet announced interim leadership or succession plans. (Josh Recamara, 10/9/2025, Insurance Business, 'Nexus Underwriting CEO Stuart Rouse steps down')Chris Haggart has been appointed group CEO of The Broker Investment Group (TBIG), succeeding Dave Clapp, who transitions to Deputy Chairman to focus on strategic initiatives and M&A. Haggart joins from Hedron Network, where Duncan Pagan steps in as CEO, subject to regulatory approval. The leadership changes come as TBIG continues its growth through acquisitions and its MGA platform. (Josh Recamara, 10/9/2025, Insurance Business, 'CEO makes jump to rival in major shake-up')Broadstone has named Cormac Bradley as Senior Actuarial Director in its insurance, regulatory, and risk division. With nearly 30 years of experience, including senior roles at Direct Line Insurance Group and Willis Towers Watson, Bradley will support re/insurers, captives, MGAs, and London Market firms in risk and capital management, reserving, and chief actuary duties. (Josh Recamara, 10/9/2025, Insurance Business, 'Insurance moves: RSA, Crawford, Broadstone and Kennedys')Crawford & Company has appointed Andrew Shaw as Head of Agriculture for the UK, leading its ARIEL (agriculture, rural industries, and estates losses) practice. Previously interim Head of Agriculture and Head of Property Claims, Shaw will oversee the firm’s rural team. The appointment addresses growing demand for specialised agricultural claims expertise amid climate-driven risks, with Crawford maintaining the UK’s largest agriculture claims practice supported by a locally responsive rural branch network. (Josh Recamara, 10/9/2025, Insurance Business, 'Insurance moves: RSA, Crawford, Broadstone and Kennedys')RSA Insurance, part of Intact, has appointed Tom Argentieri as Chief Distribution Officer for UK & Europe, Specialty Lines. This new role aims to enhance broker relationships and regional distribution strategy. Argentieri, formerly leading Allianz's marine hull team in London, brings over 15 years of experience in global specialty markets and MGA development. (Josh Recamara, 10/9/2025, Insurance Business, 'Insurance moves: RSA, Crawford, Broadstone and Kennedys')​All information provided in this market digest has been gathered from Insurance Business, Insurance Age, and IDEX Consulting.
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What will a bespoke regulatory framework mean for MGAs?

As the MGA market continues to grow, with significant development across specialty lines such as parametric insurance, climate risk, and emerging technologies, calls from the insurance community for a bespoke regulatory framework heighten. Research from Corin Underwiring shows that 68% of the 147 brokers surveyed support the decision for the FCA to implement a dedicated regulatory framework for MGAs, emphasising a need for increased operational clarity to ensure they remain compliant. “67% of brokers indicated they would be more inclined to work with MGAs if such a framework were introduced” (Corin: Call for MGA specific regulation gains broker support). Marking a 90% cumulative growth since 2020, the MGA market reached $109.2 billion in direct premiums written in 2024. In terms of loss adjustment expense (LAE) ratios were 1.9 points lower than the overall property/casualty market in 2024, showcasing MGAs expertise and efficiency in managing risks. Many argue that due to the flexible and adaptive nature of MGAs existing regulations need to be strengthened to ensure the sector’s continued growth protects customers, which will further increase trust in the model. On the point Mike Keating, CEO of the Managing General Agent’s Association says “A tailored approach, once fully evaluated would assist in enhancing transparency and operational clarity and strengthen the confidence organisations have when partnering with MGAs. This is a vital step towards ensuring the regulatory landscape evolves in line with the innovation and value MGAs continue to bring to the market” (Insurance Age: MGAA boss Keating weighs in as broker survey backs dedicated MGA regulation).A dedicated framework could move MGAs out of a regulatory grey area, unlocking new opportunities for growth and efficiency. Understanding the potential changes is the first step toward leveraging them for a competitive advantage. Below we consider what a bespoke regulatory framework might mean for MGAs. Potential benefits for MGAsA purpose-built regulatory system could offer significant advantages, empowering MGAs to operate more effectively.1. Enhanced clarity and reduced ambiguityA clear set of rules designed for MGAs would eliminate the need to interpret regulations intended for insurers. This would reduce compliance burdens and legal uncertainties, allowing them to focus more on core business activities. With less ambiguity, MGAs can operate with greater confidence, knowing they are meeting specific, relevant standards.2. Greater operational freedomCurrently, MGAs operate under the delegated authority of their carrier partners. A bespoke framework could provide MGAs with more direct regulatory standing, potentially allowing for greater autonomy in areas like product innovation and distribution strategies. This could speed up time-to-market for new offerings and allow MGAs to respond more nimbly to changing customer needs.3. Increased credibility and trustFormal recognition through a dedicated framework would enhance the credibility of the MGA sector. For capacity providers, this means greater assurance in their MGA partners. For clients, it signals a well-regulated and stable market. This heightened trust can make it easier to attract top-tier talent and secure long-term, stable carrier relationships, which remain a top priority for MGAs.4. Enhanced innovationA tailored framework could be designed to encourage innovation. By setting principles-based rules rather than prescriptive ones, regulators could create an environment where MGAs can experiment with new technologies, data analytics, and business models without being hindered by outdated regulations. This is especially important as InsurTech continues to reshape the industry.Challenges and strategic considerationsWhile the benefits are compelling, the transition to a new framework would not be without its challenges. It will be essential for MGAs to plan ahead to navigate changes successfully. 1. Increased compliance costs and scrutinyResearch shows that a bespoke framework would likely come with its own set of compliance obligations and direct regulatory oversight. This could mean increased costs related to reporting, staffing, and systems. MGAs, particularly smaller ones, would need to assess their resources and prepare for potentially higher operational expenses. The key will be to invest in scalable compliance solutions that can adapt to new requirements efficiently.2. Navigating the transition periodAny change of this magnitude involves a transition period filled with uncertainty. MGAs would need to stay informed about proposed changes and actively participate in industry consultations to help shape the new rules. Developing a transition plan early that outlines potential impacts on operations, technology, and partnerships will help to ensure a smooth adjustment. 3. Redefining carrier relationshipsA new framework could alter the dynamic between MGAs and their insurer partners. While it may grant MGAs more autonomy, it could also require a re-evaluation of delegated authority agreements. Both parties will need to work together to redefine roles and responsibilities, prioritising transparent communication.How MGAs might prepare strategicallyWhether a bespoke framework is on the immediate horizon or a long-term possibility, there are steps firms can take now to position themselves for success.Tighten governance and risk managementIt’s important for MGAs to strengthen their internal governance structures and risk management protocols. This might include improving how underwriting guidelines and claims handling procedures are documented, ensuring additional detail and information is recorded. Demonstrating robust self-regulation will not only build trust with partners but also prepare MGAs for any future regulatory scrutiny. Technology and data investment Modern, flexible technology is the backbone of a successful MGA. Investing in scalable systems that can support sophisticated data analytics, streamline compliance reporting, and enhance operational efficiency is critical. A strong tech stack will make it easier to adapt to new regulatory demands while unlocking insights that drive business growth.As the MGA market continues its impressive growth trajectory, with projections showing that the sector could reach over $30 billion by the end of 2025, the discussion around a bespoke regulatory framework for MGAs is a sign of the sector's maturity and importance. While the path to implementation may be long, the potential for a more stable, innovative, and efficient market is significant. The need for a regulatory structure that supports, rather than constrains this dynamic sector will be key in ensuring MGAs continue to thrive. If you’d like some intel on the insurance and MGA market, specifically in terms of employment and M&A opportunities, don’t hesitate to contact one of our insurance consultants. ​
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General Insurance newsletter Friday 5th September 2025

​​Insurance NewsIDEX Consulting announces new innovative M&A approach - Designed for businesses across insurance, financial services and legal, IDEX’s new solution challenges the industry’s current traditional transaction-focused model, transforming how businesses prepare for sale and achieve maximum earn out revenue. Learn more on IDEX’s brand new M&A website. (IDEX Consulting news, 'IDEX Consulting launches new M&A sell side offering')Change and Transformation specialists on the rise- Tech change and finance change, two of the most in-demand sectors in the market currently are experiencing a significant recruitment drive. Are you looking for specialists to deliver your change programmes? IDEX in partnership with WPR has a new offering. (IDEX Consulting news, 'Change and Transformation specialists on the rise')Are you using your EVP to attract talent and customers? - According to published research, 42% of candidates' decisions to accept job offers are determined by company reputation and EVP which now outweighs traditional factors like position, pay, or benefits. Does your company's EVP tell a compelling story? Learn how IDEX can help you enhance your employer brand and boost your competitiveness. (IDEX Consulting news, 'Are you using your EVP to attract talent and customers?')Captive insurance reforms: the latest updates - The Chancellor's new UK captive insurance framework dramatically reduces authorisation times from six weeks to ten days, with lower capital requirements and streamlined reporting. With captives representing 20-25% of global premiums and 75% of UK businesses exploring captive options, this could transform the UK's competitive position against offshore jurisdictions. (IDEX Consulting news, 'Captive insurance reforms: the latest updates')IDEX Consulting has introduced a new M&A advisory service tailored for brokers and MGAs, aiming to disrupt the traditional transaction-focused model. Led by Andy Fairchild, former CEO of Broker Network and Applied Systems Europe, the service emphasises a long-term, partnership approach to deal-making, with a commitment to maximising earn-out potential for sellers. (Emmanuel Kenning, 3/9/2025, Insurance Age, 'IDEX launches M&A sell side offering for brokers and MGAs')Dale Underwriting Partners will exit standalone offshore energy underwriting at Lloyd’s to focus on portfolio discipline, aligning with performance goals and evolving risk appetite, while ensuring a smooth transition for clients and brokers. (Kenneth Araullo, 4/9/2025, Insurance Business, 'Dale Underwriting to exit standalone offshore energy at Lloyd’s')OAK Global has launched OAK Enterprise, a new business unit focused on underwriting retrocession for property and specialty risks through Lloyd’s Syndicate 1440, led by Chief Underwriting Officer Roland Morse, with operations set to begin in January 2026. (Kenneth Araullo, 4/9/2025, Insurance Business, 'OAK Global launches new enterprise to underwrite retrocession at Lloyd’s')Lloyd’s reported a 6.2% increase in gross written premium to £32.5 billion for H1 2025, but its combined ratio worsened to 92.5% due to major claims like the California wildfires, while disciplined underwriting and strong investment performance supported resilience amidst rising expenses. (Kenneth Araullo, 4/9/2025, Insurance Business, 'Lloyd’s sees premium growth but worse combined ratios in H1')The International Union of Marine Insurance (IUMI) has updated its guidance on shipping electric vehicles (EVs) by sea, addressing unique fire risks such as higher temperatures, explosion potential, and re-ignition, while recommending measures like enhanced firefighting systems, crew training, and battery charge management to improve safety. (Josh Recamara, 4/9/2025, Insurance Business, 'Marine insurers update EV shipping guidance as fire risks evolve')Aviva thwarted over 6,000 fraudulent claims in the first half of 2025, preventing losses exceeding £60 million. Led by Pete Ward, Head of Claims Counter Fraud, the insurer’s efforts have resulted in record prison sentences for fraudsters, reflecting its commitment to protecting customers and enhancing fraud detection capabilities amidst rising scams like crash-for-cash and ghost broking. (Kenneth Araullo, 3/9/2025, Insurance Business, 'Aviva thwarts over 6,000 fraud attempts in first six months of 2025')TT Club warns of rising cargo theft, with UK losses surging to £111 million in 2024. Managing director Mike Yarwood calls for industry and government action to improve security standards and combat the growing threat. (Josh Recamara, 3/9/2025, Insurance Business, 'TT Club warns of soaring cargo theft losses')Ceta Insurance has partnered with Cornerstone Finance Group as a general insurance provider. This expands Ceta’s distribution network and gives Cornerstone’s brokers access to Ceta’s Infinity platform, known for its high quotability on standard and non-standard policies. (Josh Recamara, 3/9/2025, Insurance Business, 'Ceta Insurance secures general insurance partnership with Cornerstone')Tokio Marine GX has launched with $500 million in capacity to support green transition risks, offering coverage for renewable energy, carbon capture, hydrogen, and more. The division aims to lead in sustainable initiatives, leveraging Tokio Marine’s global network and GCube expertise to meet growing market demand. (Kenneth Araullo, 2/9/2025, Insurance Business, 'Tokio Marine GX debuts with US$500 million capacity for green transition risks')FinCred and Building & Land Guarantees (BLG) have rebranded under the Acrisure name as part of its UK expansion. BLG, based in Leicestershire, focuses on construction insurance, while FinCred, in Kent, specialises in trade credit and surety bonds. This move strengthens Acrisure’s regional presence and aligns with its broader growth strategy. (Kenneth Araullo, 2/9/2025, Insurance Business, 'FinCred, BLG rebrand as Acrisure expands UK presence')Santam, South Africa's largest short-term insurer, is entering the UK market with Lloyd's Syndicate 1918, set to begin underwriting in January 2026. This move provides access to Lloyd's global platform and supports Santam's international growth strategy amid strong domestic earnings. (Josh Recamara, 2/9/2025, Insurance Business, 'Santam sets up in the UK with Lloyd's Syndicate as earnings surge')FERMA warns that insurance gaps are slowing Europe’s net-zero transition, with limited coverage for emerging technologies like hydrogen and lithium batteries. The report calls for better collaboration, data sharing, and tailored underwriting to support climate investments and sustainable business models. (Josh Recamara, 2/9/2025, Insurance Business, 'Insurance gaps threaten Europe's net-zero transition, FERMA warns')​​​Mergers & AcquisitionsTysers Insurance Brokers has partnered with Istanbul-based Rönesans Reinsurance & Insurance Brokerage, taking an equity stake to expand its presence in Türkiye’s growing insurance and reinsurance market. The partnership combines Tysers’ global network and access to Lloyd’s markets with Rönesans’ local expertise, aiming to provide innovative risk solutions and capitalise on growth opportunities in Türkiye and Central Europe. (Josh Recamara, 5/9/2025, Insurance Business, 'Tysers strikes deal for Türkiye’s Rönesans')Bain Capital has agreed to acquire Jensten Group, a UK-based commercial insurance distribution platform, from Livingbridge. With over £600 million in gross written premium and a strong M&A track record, Jensten will leverage Bain Capital’s backing to enhance growth, technology, and regional expansion. The deal is expected to close in Q4 2025. (Paul Lucas, 1/9/2025, Insurance Business, 'Bain Capital to acquire Jensten Group from Livingbridge')Movers​RSA, part of Intact Financial Corporation, has appointed Becky Henry as Vice President, eTrade for its UK Commercial Lines business. With 26 years at RSA, most recently as Commercial Lines Trading & Operations Director, Henry will oversee SME e-traded products as the company invests in e-trading to enhance broker service, expand product offerings, and prepare for its transition to the Intact Insurance brand. (Josh Recamara, 5/9/2025, Insurance Business, 'Insurance moves: RSA, Open GI and McGill')McGill and Partners has appointed Mike Reynolds as group CFO, pending regulatory approval. Reynolds, formerly group CEO at Oneglobal and with nearly 30 years of experience at JLT Re, JLT Group, ACE Europe, and Aon Benfield, joins as the broker, founded in 2019 with Warburg Pincus backing, consolidates its position as a fast-growing specialty market firm. He succeeds Dominic Mignon, who will step down next year after three years as CFO. (Josh Recamara, 5/9/2025, Insurance Business, 'Insurance moves: RSA, Open GI and McGill')Gallagher has expanded its private equity and M&A practice in Europe by appointing Cristina Montserrat Chaparro Vaquero, a Senior Broker with experience at PwC, AON, and Sabseg; Veronica Orosa Talarewitz, a broking and claims expert with a background at Clyde & Co, AIG, and Sabseg; and Pau Lopez Fornons, an Associate Broker with tax advisory experience at PwC, Aedas Homes, and Crowe, to strengthen its capabilities in transactional risk solutions. (Kenneth Araullo, 5/9/2025, Insurance Business, 'Gallagher adds trio to private equity, M&A practice')Flood Re has appointed Michael Murphy, with over 30 years of experience in insurance, reinsurance, and asset management (including roles at Canada Life, Aviva, and Willis Towers Watson), as an Independent Non-Executive Director, and Sue Mulry-Lawson, a seasoned risk and compliance expert (formerly with Standard P&I Club and Charles Taylor), as interim chief risk officer, to strengthen its leadership and prepare for risk-reflective pricing by 2039. (Kenneth Araullo, 5/9/2025, Insurance Business, 'Flood Re names new member to board, appoints interim chief risk officer')HSB UK & Ireland has appointed Andrew Burke as CEO, subject to regulatory approval. Burke, formerly CEO of DAS UK Group and with over 30 years of experience, including senior roles at RSA Insurance Group, will oversee HSB’s insurance, inspection, and building warranty operations, focusing on leveraging the company’s specialist expertise to support customers and drive growth. (Gia Snape, 4/9/2025, Insurance Business, 'HSB taps former DAS UK chief to lead its UK and Ireland operations')Steve Hearn, Chief Operating Officer of Brown & Brown and former CEO of Ed Broking and Willis Global, has been appointed to lead all international operations outside North America, focusing on global strategy and growth, as the company strengthens its position with major acquisitions and expanded capabilities. (Kenneth Araullo, 4/9/2025, Insurance Business, 'Brown & Brown taps Steve Hearn to lead international operations')AXA UK & Ireland has appointed Amanda Vaughan as Chief People Officer and Louise Isaacs as Chief Customer & Communications Officer, both reporting to CEO Tara Foley, with Vaughan bringing extensive HR experience from AXA and Westpac, and Isaacs focusing on customer engagement and brand strategy with over 20 years in senior roles at Barclays, Cigna, and American Express. (Josh Recamara, 4/9/2025, Insurance Business, 'Insurance moves: AXA UK & Ireland and New Dawn Risk')Anthony Kerr has joined New Dawn Risk as Senior Client Manager and Claims Advocate, leveraging over 35 years of experience in Lloyd's and company markets, including senior claims roles at Munitus Insurance, St Paul Specialty Underwriting, and Beazley, to enhance claims support for professional liability clients. (Josh Recamara, 4/9/2025, Insurance Business, 'Insurance moves: AXA UK & Ireland and New Dawn Risk')Jane Poole, former CFO of Direct Line Group, has joined CFC as group Chief Financial Officer, bringing extensive FTSE 100 experience, including leading strategic transformations and overseeing major acquisitions, to support CFC’s global expansion and financial strategy. (Kenneth Araullo, 3/9/2025, Insurance Business, 'Ex-Direct Line CFO Jane Poole joins CFC in same role')Agile has launched its construction underwriting operations, appointing Gordon McNab as Head of Construction to lead the development of contract works insurance supported by its Lloyd’s syndicate. McNab, a recognised leader in the construction insurance sector, brings extensive experience and has been instrumental in preparing Agile’s entry into this market. His expertise will drive Agile’s construction underwriting capabilities and strengthen its position amid a competitive and softening construction insurance market. (Kenneth Araullo, 3/9/2025, Insurance Business, 'Agile enters construction insurance with new product line, leadership')Bridgehaven Specialty UK Limited has appointed Jamie Wakeling as Head of Underwriting Strategy. With over 20 years of experience in the London reinsurance market, including roles as group CUO at Ocean Re and leadership positions at Canopius, Wakeling will focus on driving strategic initiatives, profitable underwriting opportunities, and complex reinsurance placements across UK, European, and international markets. (Josh Recamara, 3/9/2025, Insurance Business, 'Insurance moves: Bridgehaven, DAC Beachcroft, HDI, SRG, Willis and Blenheim Underwriting')DAC Beachcroft (DACB) has named Helen Yiacoumis as the head of its global shipping practice. With over 20 years of experience in the Greek shipping market and senior roles at NorthStandard and Skuld’s Piraeus office, Yiacoumis’ appointment strengthens DACB’s shipping expertise to better serve clients across major international markets. (Josh Recamara, 3/9/2025, Insurance Business, 'Insurance moves: Bridgehaven, DAC Beachcroft, HDI, SRG, Willis and Blenheim Underwriting')HDI Global has strengthened its ESG Risk Solutions division with the appointments of Chris Strong as Head of ESG Risk Solutions (Manchester), Thordis Jensen as Head of ESG Risk Solutions International (Cologne), and Ludovic Ruiller as Head of ESG Solutions Europe (Paris). These leaders will drive the international expansion of HDI’s ESG insurance products, which integrate environmental, social, and governance coverage. (Josh Recamara, 3/9/2025, Insurance Business, 'Insurance moves: Bridgehaven, DAC Beachcroft, HDI, SRG, Willis and Blenheim Underwriting')Specialist Risk Group (SRG) has expanded its real estate, legal indemnities, and rights of light expertise with the appointment of Mark Manwaring and his team. Previously leading complex real estate solutions at Price Forbes and Aon, Manwaring’s addition bolsters SRG’s capabilities in handling intricate UK and international real estate projects, according to CEO Neil Nimmo. (Josh Recamara, 3/9/2025, Insurance Business, 'Insurance moves: Bridgehaven, DAC Beachcroft, HDI, SRG, Willis and Blenheim Underwriting')Willis, part of WTW, has named Louis Elwood as Head of Sports within its crisis management global specialty division. With 18 years of experience, Elwood will lead strategic growth in sports and entertainment insurance worldwide. (Josh Recamara, 3/9/2025, Insurance Business, 'Insurance moves: Bridgehaven, DAC Beachcroft, HDI, SRG, Willis and Blenheim Underwriting')Blenheim Underwriting has appointed Phil Lawson and Alex Hewlett as Class Underwriters, set to join its delegated authority team in February 2026. Both bring significant expertise from Scor Syndicate 2015. Group chairman Peter Scales emphasised that these appointments align with Blenheim’s strategy of recruiting experienced underwriters to drive portfolio growth. (Josh Recamara, 3/9/2025, Insurance Business, 'Insurance moves: Bridgehaven, DAC Beachcroft, HDI, SRG, Willis and Blenheim Underwriting')Liberty Specialty Markets has appointed James Cole as Head of Client and Broker Distribution for the UK and MENA region. With over 20 years of experience, Cole will focus on strengthening distribution strategies and aligning global approaches with regional opportunities. (Josh Recamara, 3/9/2025, Insurance Business, 'Liberty Specialty Markets appoints head of client and broker distribution for the UK and MENA region')Acies SME UK has expanded into the South West and Midlands, led by former Liverpool Victoria managers Kevin Wildman and Natalie Brewster. This move is part of Acies’ national growth strategy, offering brokers experienced local teams to enhance SME insurance services. (Kenneth Araullo, 2/9/2025, Insurance Business, 'Acies SME UK expands into South West, Midlands with veteran teams')Claims Equilibrium Club (CEC) has promoted Christine Thomson and Paul Nicholson to its board of directors. Thomson, now Operations Director, and Nicholson, now Sales and Marketing Director, were recognised for their contributions during a period of expansion, reflecting CEC’s commitment to a client-focused approach. (Josh Recamara, 2/9/2025, Insurance Business, 'Insurance moves: Verlingue and CEC')Verlingue UK has appointed Melissa Liddicoat as Deputy Sales Director for its employee benefits business. With over a decade of experience at firms like AXA, Gallagher, and Aon, Liddicoat will focus on client development, team leadership, and enhancing national sales performance, supporting Verlingue’s consultancy-led growth strategy. (Josh Recamara, 2/9/2025, Insurance Business, 'Insurance moves: Verlingue and CEC')Allianz Trade has announced leadership changes in Northern Europe. Benoit Semelin becomes regional CFAO, succeeding Sébastian Rageot, now CEO for the Nordics. Sorina Eremia is Regional Credit Director, following Matt Williams’ move to UK & Ireland CEO. Craig Ironside, previously Global Head of Commercial Underwriting, is now Regional Commercial Director, succeeding Rodrigo Jimenez, now CEO for Asia Pacific. These changes reflect Allianz Trade’s focus on internal talent and growth. (Kenneth Araullo, 1/9/2025, Insurance Business, 'Allianz Trade announces key leadership changes in Northern Europe')Consilium has appointed Michael Harte as Associate Partner and Olivia Taylor as Associate in its professional and executive risk solutions division. Harte, with over 11 years of experience, joins from Jensten Insurance Brokers, while Taylor, previously at Praden Pty Limited in Sydney, brings expertise in financial lines. These hires reflect Consilium’s focus on expanding its global book and enhancing client relationships. (Kenneth Araullo, 1/9/2025, Insurance Business, 'Consilium welcomes new talent to professional and executive risk solutions')Sedgwick has appointed Dan Sivertsen as CEO of its Sweden operations, effective September 20. Currently CEO of Sedgwick Norway, Sivertsen brings over 20 years of experience in insurance and claims management. This dual role aims to strengthen Sedgwick’s Nordic presence and unify its regional claims strategy. (Josh Recamara, 1/9/2025, Insurance Business, 'Sedgwick names CEO of Sweden operations')​​All information provided in this market digest has been gathered from Insurance Business, Insurance Age, and IDEX Consulting.
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General Insurance newsletter Friday 29th August 2025

​​Insurance NewsTips for attracting skilled risk and compliance professionals - With an increased number of cyber attacks, it’s paramount that insurers and MGAs recruit specialist risk and compliance talent who understand how to implement robust security measures and prepare for and mitigate the growing number of cyber hacks across the industry. Learn how to attract the best in the market.  (IDEX Consulting news, 'Tips for attracting skilled risk and compliance professionals')The AI transformation: How to prevent employee resistance - Building successful AI adoption hinges on team engagement and buy-in. Our experts share actionable strategies for a collaborative approach, moving from resistance to success. Watch our video to learn how to lead your teams on the AI journey. (IDEX Consulting news, 'The AI transformation: How to prevent employee resistance')MGA outlook: what opportunities are there for insurers? - With the MGA market booming, insurers have a huge opportunity to optimise their product innovation and market reach. Our article explores how partnering with agile MGAs can help insurers capitalise on specialised expertise, technology, and talent to win in a competitive landscape. (IDEX Consulting news, 'MGA outlook: what opportunities are there for insurers?')UK and US insurance regulatory reforms: what you need to know - For UK and US insurers, navigating a complex regulatory landscape is crucial. Our article provides essential insight on the changing regulatory market, from climate risk to AI, helping your business proactively adapt to new standards in an increasingly complex regulatory environment. (IDEX Consulting news, 'UK and US insurance regulatory reforms: what you need to know')ARTes Specialty, a managing general agent focused on niche risk portfolios, has partnered with DUAL Energy (formerly EIURS) to expand inland marine offerings, leveraging ARTes' Lloyd’s-backed expertise and DUAL’s energy sector knowledge to deliver tailored insurance solutions for complex client needs. (Kenneth Araullo, 29/8/2025, Insurance Business, 'ARTes Specialty partners with DUAL Energy to broaden inland marine offerings')Starpeak, a specialist digital distributor, has partnered with commercial insurer Peach to launch an insurance product tailored for creative professionals, including photographers, designers, and advertising agencies, offering coverage for public liability, professional indemnity, and more. The partnership builds on their three-year collaboration, leveraging Starpeak's data analytics and Peach's expertise in niche SME markets. (Kenneth Araullo, 28/8/2025, Insurance Business, 'Starpeak and Peach launch insurance product for creative professionals')A Marsh study revealed that organisations regularly testing cyber incident response plans are 13% less likely to face breach-related insurance claims, with structured planning improving day-to-day security and influencing underwriting practices. The findings highlight the importance of controls like endpoint detection, monitoring, and phishing-resistant MFA in reducing breach risks. (Josh Recamara, 28/8/2025, Insurance Business, 'Incident response planning linked to fewer cyber insurance claims: Marsh study')The Reserve Bank of Australia’s interest rate cut is expected to impact insurers by reducing investment returns, leading to tighter underwriting, higher premiums, and potential market consolidation. While short-term benefits include improved cash flow for SMEs and households, long-tail liability lines face increased reserve pressures, challenging profitability. (Daniel Wood, 27/8/2025, Insurance Business, 'Another interest rate cut – what does it mean for insurers?')Ageas reported a 4% increase in inflows to €10.5 billion and a net operating result of €734 million for the first half of 2025, driven by growth in Life and Non-Life segments. The esure acquisition, expected to close later this year, will position Ageas as the UK’s third-largest personal lines insurer. (Kenneth Araullo, 27/8/2025, Insurance Business, 'Ageas sees profits rise in first half')Prudential plc reported a 12% rise in new business profit to $1.26 billion and a 14% increase in operating free surplus to $1.56 billion for H1 2025. The company plans over $5 billion in capital returns through 2027, including share buybacks and dividends, reflecting strong financial performance and strategic progress. (Kenneth Araullo, 27/8/2025, Insurance Business, 'Prudential delivers double-digit profit growth in H1')Aon's latest research shows re/insurers achieved a record 14.7% return on average equity and a combined operating ratio of 93.6% in 2024, despite slowing growth. Gross written premiums rose 7.5% to $1.9 trillion, with profitability driven by diversified and specialised portfolios. (Kenneth Araullo, 27/8/2025, Insurance Business, 'Re/insurers post record profits despite slowing growth – Aon')WTW and Klarity have introduced a life insurance underwriting model leveraging wearable technology and predictive analytics. By analysing data like heart rate, sleep quality, and activity levels, the model offers personalised mortality risk profiles, enabling more accurate pricing and tailored products. While promising, challenges around privacy and regulatory scrutiny remain. (Josh Recamara, 26/8/2025, Insurance Business, 'Are wearables about to reshape life underwriting? WTW, Klarity think so')Aegon has doubled its ongoing share buyback program from €200 million to €400 million, reflecting confidence in its capital position. The program, running until December 15, 2025, aligns with a broader trend among European insurers to return excess capital to investors through buybacks and dividends. (Josh Recamara, 26/8/2025, Insurance Business, 'Aegon doubles ongoing stock buyback plan')AUB Group reported a 17% rise in underlying net profit after tax to AUD$200 million for FY25, driven by international expansion and operational progress. Gross written premium reached AUD$11 billion, with strong growth across its Australian broking, agency, and BizCover divisions. (Daniel Wood, 26/8/2025, Insurance Business, 'AUB Group reports strong profits after a "pivotal year")​​​Mergers & AcquisitionsSteadfast Group has acquired a majority stake in Novum Underwriting Partners, a US-based specialty underwriting agency and wholesale brokerage founded in 2019, to serve as its US program development and management platform, leveraging Novum’s proprietary technology and expertise to expand Steadfast’s global footprint and product capabilities. (Daniel Wood, 29/8/2025, Insurance Business, 'Steadfast Group announces major US acquisition')Sompo Holdings has agreed to acquire Aspen Insurance Holdings for $3.5 billion in cash, expanding its property and casualty operations globally. The deal, offering a 35.6% premium on Aspen’s share price, strengthens Sompo’s scale, specialty expertise, and capital strength, with the merger expected to close in the first half of 2026. (Roxanne Libatique, 27/8/2025, Insurance Business, 'Sompo agrees to acquire Aspen in multibillion-dollar cash purchase')Global dealmaking in the insurance sector has slowed in 2025, with M&A activity at its lowest since 2008. According to GlobalData, overall deal activity, including M&A, venture financing, and private equity, declined by 2% year-on-year from January to July. Insurers are focusing on smaller domestic transactions and MGA investments due to high valuations and economic uncertainties, while emerging markets and niche opportunities remain areas of interest for future growth. (Roxanne Libatique, 26/8/2025, Insurance Business, 'Global dealmaking stalls as insurers rethink big moves')Vienna Insurance Group (VIG) is acquiring an 80% stake in Moldovan insurer Moldasig S.A., doubling its premium volume in Moldova and securing a 30% market share. This move strengthens VIG’s presence in Southeastern Europe, aligning with its strategy to target emerging markets with significant growth potential. (Josh Recamara, 26/8/2025, Insurance Business, 'Vienna Insurance Group to acquire 80% stake in Moldovan insurer')Movers​Nicola George, Managing Director of Allianz Personal Broker, will step down in October to pursue a new opportunity; she joined Allianz last year, leading the launch of Allianz Personal Broker into the UK personal lines market and implementing initiatives to streamline broker interactions and strengthen the business for future growth. (Josh Recamara, 29/8/2025, Insurance Business, 'Allianz Personal Broker MD to step down')Talanx has expanded Stephanie Bode’s role to head reinsurance at HDI Global and lead the corporate & specialty lines department at Talanx Group Reinsurance, consolidating reinsurance purchasing and coordination to enhance efficiency, reduce duplication, and strengthen negotiating positions in a challenging reinsurance market; previously, she oversaw market management across Continental Europe (excluding Germany), South Africa, and Japan at HDI Global. (Josh Recamara, 29/8/2025, Insurance Business, 'Talanx hands Stephanie Bode expanded role')Atrium, a Lloyd’s specialty insurance group, has appointed Richard Lamb, a veteran with over 27 years of experience, along with Beth MacGregor and Adam Vulliamy (all formerly of Axis Capital), to lead its new credit and political risk team, set to launch in early 2026 to address evolving geopolitical and customer needs. (Kenneth Araullo, 29/8/2025, Insurance Business, 'Atrium taps Richard Lamb to lead new credit and political risk team')Aon plc has appointed Tom Anderson as Head of Professional Services for its Global Broking Centre in London, where he will focus on strategic advisory, operational efficiency, and client service delivery for professional services broking activities. Anderson, who joined Aon in 2023, previously led the Design and Construction Professional Indemnity team. (Kenneth Araullo, 28/8/2025, Insurance Business, 'Tom Anderson appointed to lead professional services at Aon's GBC')Lockton has appointed Magnus Sjöstrand as Head of Property for its Swedish operations, effective September 1, 2025. With over 15 years of experience, including roles at AXA XL and XL Insurance Company SE, Sjöstrand will focus on developing property insurance solutions and expanding Lockton’s client base in Sweden. (Josh Recamara, 28/8/2025, Insurance Business, 'Lockton appoints head of property for Swedish operations')Westfield Specialty International has appointed Melanie Gilbert as Head of Third-Party Claims, leveraging her 15+ years of legal experience, including roles at Markel and Simmons & Simmons. Based in London, Gilbert will oversee complex claims management and stakeholder relationships, strengthening the company’s claims leadership team. (Kenneth Araullo, 27/8/2025, Insurance Business, 'Westfield Specialty International names Melanie Gilbert head of third-party claims')HDI Global has appointed Nikita Tikhonov as Head of Marine Global Risk, effective September 1, 2025. Tikhonov, who joined HDI in 2018, brings expertise in Marine Cargo and Automotive sectors and will lead a team of five professionals from the Hannover headquarters. (Josh Recamara, 27/8/2025, Insurance Business, 'HDI Global names new head of marine global risk')Sedgwick has appointed Kalani Reelitz as its new Chief Financial Officer, succeeding Henry Lyons. With over 20 years of experience, including leadership roles at Compass and Walgreens, Reelitz will oversee Sedgwick’s financial strategy and operations, supporting its growth and investment initiatives. (Kenneth Araullo, 26/8/2025, Insurance Business, 'Sedgwick names Kalani Reelitz as new chief financial officer')​All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.
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Financial Services newsletter Friday 29th August 2025

​​Financial Services NewsFollowing Ascot Lloyd's acquisition of Whitechurch Securities, the Pulse online investment platform will close, with Marlborough taking over management of £125m in former Whitechurch assets previously handled by its DFM team for third-party adviser clients. (27/8/2025, Financial Planning Today, 'Whitechurch to close Pulse platform after takeover')The State Pension could rise by over £550 to exceed £12,500 annually next year due to the triple lock, driven by 4.6% earnings growth, potentially pushing some pensioners into income tax brackets amid a threshold freeze, warns Broadstone. (22/8/2025, Financial Planning Today, 'State Pension could climb by more than £550')Chancellor Rachel Reeves is reportedly considering reducing the tax-free pension commencement lump sum to £40,000 from the current 25% limit of £268,000, potentially saving the Treasury over £2bn annually, though the Treasury has downplayed the likelihood, sparking concern among pension experts. (22/8/2025, Financial Planning Today, 'Reeves reportedly looking at cutting tax-free pension sum')Adviser platforms reported their strongest quarterly net sales in three years, with Quilter leading net flows at £1,949m, followed by Aviva (£1,242m), Transact (£1,219m), and 7IM entering the top 5 for the first time with £549m; AJ Bell took the top spot for all-channel net sales with strong D2C sales, while Quilter also led adviser platform gross flows at £3,659m, followed by Nucleus (£2,737m) and Transact (£2,480m), according to Fundscape. (21/8/2025, Financial Planning Today, 'Adviser platforms report highest sales in 3 years')​K3 Capital Group has launched a financial services division, anchored by investments in Pareto Financial Planning and Luna Investment Management, marking a significant milestone for the Bolton-based advisory platform, though the investment sizes remain undisclosed. (20/8/2025, Financial Planning Today, 'K3 takes stakes in 2 advisers as it launches new division')Titan Wealth's losses rose to £44.8m in March 2024, up from £27m, due to acquisition-related costs, while turnover grew to £77.4m. Its Financial Planning division, including Titan Financial Planning, Telford Mann, and Prism, saw revenue drop to £602,000, though advisory revenue grew to £1.1m after merging with Titan Private Wealth. (15/8/2025, Financial Planning Today, 'Titan Wealth losses climb to £45m')Aviva’s wealth division saw net flows rise 16% year-on-year to £5.8bn in H1, despite a Q1 dip due to a large workplace scheme outflow. Assets under management grew 6% to £209bn by June, with strong growth supporting its £280m operating profit target by 2027. (14/8/2025, Financial Planning Today, 'Aviva wealth division net flows up 16% in H1')Utmost Wealth Solutions reported £2bn net inflows in H1 2025, ending a two-year streak of negative flows. Strong UK results, following its Lombard International acquisition, drove the turnaround. Inflows of £5.3bn more than doubled H1 2024’s £2.6bn, while gross outflows fell to £3.3bn. Assets under administration stood at £17.1bn in June. (13/8/2025, Financial Planning Today, 'Net flows finally turn positive for Utmost')Frenkel Topping, a Salford-based financial adviser in talks over a £68m takeover by Harwood, grew funds under management to £1.63bn in H1 2025, up from £1.46bn. The firm expanded its Major Trauma Support Partnership to 12 NHS Major Trauma Centres, adding Royal Stoke University Hospital. Growth was also driven by increased Medico-Legal expert witness engagements and improved performance in its costs segment. (11/8/2025, Financial Planning Today, 'Frenkel Topping FUM up to £1.6bn as takeover talks continue')PensionBee reported strong pension contributions in H1 2025, maintaining 2024's record momentum, though average quarterly contributions per saver fell 3% to £1,624 from £1,677 in H1 2024. The decline reflects a market settling after 2024's high contributions driven by the increased annual allowance. Despite this, savers remain committed amid economic uncertainty. However, a 27% gender gap persists, with men contributing £1,845 per quarter on average, compared to £1,347 for women. (11/8/2025, Financial Planning Today, 'Pensions saving remains strong despite persistent gender gap')Royal London reported an £8bn increase in AUM to £181bn in H1 2025, with pre-tax operating profit rising 15% to £166m. Its governed range saw £1.6bn in net inflows, boosting AUM to £75bn. The firm also reported 469,000 customers registered on its 'My Royal London' portal. (11/8/2025, Financial Planning Today, 'Royal London AUM climb £8bn to £181bn')Nearly half (49%) of UK households with a net worth over £500,000 manage their money without a Financial Planner, according to Timeline research. Of these, 38% are “working on a plan,” while 12% have no plan at all. Many only seek advice during key life events, such as retirement drawdown (43%), inheritance planning (42%), or sudden windfalls (38%). (11/8/2025, Financial Planning Today, '49% of HNW individuals do not use a financial adviser')M&A financial services market analysis: new opportunities for IFAs - Private equity interest and consolidation is driving the M&A market, creating new opportunities for businesses. James Salmon, financial services M&A expert provides a detailed market analysis, including factors shaping growth and how firms can maximise their sale value and attract committed buyers. (IDEX Consulting news, 'M&A financial services market analysis: new opportunities for IFAs')Need to hire specialist change management professionals? IDEX have a new solution - Combining WPR's expertise in contract and permanent change management recruitment and IDEX's global reach, clients across finance change, insurance change and technology change will be supported with their most complex transformation initiatives. (IDEX Consulting news, 'Need to hire specialist change management professionals? IDEX have a new solution')Smart hiring: How employers can master the interview process - Research shows that employers aren’t maxmising interview opportunities. This article provides key advice and practical strategies to help employers comprehensively assess a professional's suitability for a role. Structured, behavioural interview frameworks with job-specific simulations and cognitive assessments remain key. (IDEX Consulting news, 'Smart hiring: How employers can master the interview process')Biggest challenges facing Financial Advisers - Financial advisers continue to face challenging economic pressures, and growing regulatory changes, as well as rising client expectations. Many are also contending with market uncertainty and the potential risks of AI in financial advising. Despite these challenges, many opportunities exist – IDEX Consulting shares what financial advisers should know and the action they should take now. (IDEX Consulting news, 'Biggest challenges facing Financial Advisers')Mergers and AcquisitionsUS investment firm Carlyle acquires cloud-based adviser fintech provider Intelliflo, including its US subsidiaries, in a deal worth up to $200m, with the senior leadership team remaining unchanged and subsidiaries forming a standalone business called RedBlack. (26/8/2025, Financial Planning Today, 'Intelliflo acquired by US investment firm for £148m')Aberdeen has agreed to sell Aberdeen Financial Planning, with 150 UK-based advisers, to Ascot Lloyd for an undisclosed sum, while retaining its private client services team; the business, formerly 1825, was established in 2015 by Standard Life and renamed in 2021. (20/8/2025, Financial Planning Today, 'Ascot Lloyd to acquire Aberdeen Financial Planning')Absolute Financial Group, a new IFA consolidator backed by £115m from Inflexion Private Equity, launched today with its first acquisition: Absolute Financial Management, a £1.1bn AUA firm based in Ashford, Kent. Led by CEO David Carter and chaired by Paul Hogarth, the firm aims to unify advisory businesses under a single national brand, pending FCA approval. (12/8/2025, Financial Planning Today, 'New IFA consolidator Absolute acquires £1.1bn AUA firm')Octopus Money has agreed to acquire Virgin Money’s investment business, adding 150,000 customers and accelerating its growth in the direct-to-customer wealth market. Following FCA approval, the business will rebrand under Octopus Money, with existing teams continuing to support customers. (6/8/2025, Financial Planning Today, 'Octopus Money buys Virgin Money’s investment business')Perspective Financial Group has completed five acquisitions, adding £310m in assets under advice, 825 client households, and a new office in Crewe, Cheshire. The deals bring Perspective’s total acquisitions to 121 since 2008, including 29 in 2024 and 14 so far in 2025. The acquired firms are Lifestyle Financial Services (St Helen’s), Sirius Money Management (Isle of Wight), Sapient Wealth Management (Warwickshire), Bayham Wealth LLP (Kent), and Mat White Financial Services (Crewe). Mat White cited succession planning and client continuity as key reasons for the sale after 34 years in the profession. (5/8/2025, Financial Planning Today, 'Perspective boosts AUA by £310m with 5 acquisitions')Advies Private Clients, backed by Saltus, has acquired Financial Planner Nicholas Trayford, adding £100m in client assets and 100 clients. Partner James Wills highlighted the shared values and client-first approach between the firms. Trayford, a Chartered Insurance Institute member, brings over 20 years of experience, including roles at Millfield Partnership, Quilter Financial Planning, and True Potential. (5/8/2025, Financial Planning Today, 'Saltus-backed Advies acquires £100m AUA Nicholas Trayford')Hoxton Wealth has acquired Infinity Financial Solutions, an expat financial services provider with offices in Asia, for an undisclosed sum. The deal adds $300m (£225m) in assets, boosting Hoxton’s total AUM to $3.3bn (£2.5bn). Founded in 2004, Infinity offers internationally-mobile advice on investments, pensions, and insurance, alongside corporate services like employee benefits and risk management. (4/8/2025, Financial Planning Today, 'Hoxton Wealth acquires £225m AUM expat specialist firm')​MoversLGT Wealth Management appoints Kirsty Thomson, formerly of RBC Brewin Dolphin, as a Wealth Planner in Edinburgh to address rising demand for wealth planning, leveraging her expertise in high-net-worth retirement and wealth transfer planning, with a background as a tax-specialist Solicitor and experience at PwC and Turan Connell. (27/8/2025, Financial Planning Today, 'LGT adds Scots tax specialist as demand rises')The Personal Finance Society has appointed Guy Skinner, Director and IFA at London’s Citygate Financial Planning, and Rosa Nash, Chartered Financial Planner at Trowbridge-based Montgomery Charles Wealth Management, to its PFS Power Financial Planning Practitioner Panel. Skinner, who founded Citygate in 2015, focuses on Financial Planning for lawyers, business owners, and employee benefits, while Nash, a Fellow of the CII, specialises in lifestyle Financial Planning for dentists and high-net-worth individuals. (19/8/2025, Financial Planning Today, 'Two Planners join PFS Power Financial Planning panel')Welsh Chartered Financial Planner Kevin Thomas has joined Plymouth-based national advice firm Continuum, owned by M&G. With over 35 years of experience, including roles at Abbey Life, Friends Provident, and Mather and Murray, Thomas specialises in wealth creation, investment, estate planning, pensions, and tax planning. Based in Burry Port, he is also a member of the Society of Trust and Estate Practitioners. (19/8/2025, Financial Planning Today, 'Veteran Welsh Chartered Planner joins Continuum')Stockton-on-Tees-based Active Chartered Financial Planners has recruited Chartered Financial Planner Craig Honeyman and Chartered Paraplanner Lauren Lee as it marks its 25th anniversary. Honeyman, with over 20 years of experience, began his career at Bob Little and Co. in 2004 and achieved Chartered status in 2022. Lee, who started in financial services in 2011, specialises in compliance and operational support, achieving Chartered status in 2021 and becoming a Fellow of the CII in 2022. (19/8/2025, Financial Planning Today, 'Active Chartered FP adds two Planners on 25th anniversary')Rosemount Financial Solutions (IFA) added 10 new advisers between April and June, bringing its total to over 150. The Basingstoke-based network reported record financial performance, with first-quarter revenues up by more than a third compared to 2024. The new advisers include Fiyin Makinde (Arvifin Solutions), James Armitage (Lenderhive), Naveed Khan (Roxton Wealth), Varun Maini (V&R Financial), Sally Mitchell (Versed Financial), Daniel Skelton (Wealth Guide), Philip Wildin and KellyAnn El-Shawk (Wildin & Co), and Mark Francis and Darryl Workman (WR Ethical). (18/8/2025, Financial Planning Today, 'Rosemount adds 10 new advisers in 3 months')Rob Barker will become CEO of The Openwork Partnership, a 4,800-adviser network, in September, succeeding interim CEO Philip Howell, who returns as Executive Chairman. Barker, formerly Head of Insurance, Wealth, and Asset Management EMEA at Alvarez & Marsal, previously held senior roles at Aviva, including CEO of Wealth and CEO of Protection and Health. (13/8/2025, Financial Planning Today, 'New CEO for Openwork Partnership')Trevor Edwards, the CII’s Group Finance Director, has left the Personal Finance Society board after less than a year, becoming the fifth director to depart in 2025. Appointed in September 2024, the PFS praised his "exceptional contribution" during his tenure. (12/8/2025, Financial Planning Today, 'Fifth director resigns from PFS board this year')Ascot Lloyd has appointed Eden Scrivenger as Chief Technology and Operations Officer, combining technology, client services, and operations to drive digital transformation and enhance service delivery. Previously, she held leadership roles as CTOO at Wealthtime and CTO at Investec Wealth & Investment UK, bringing over 20 years of experience in financial services. (Momodou Musa Touray, 12/8/2025, Money Marketing, 'Ascot Lloyd hires former Wealthtime executive to new leadership role')Scottish Widows has appointed Jenny Davidson as Intermediary Wealth Director. With over 30 years of experience, including roles at Quilter, Aberdeen, and Standard Life, Davidson brings expertise in platform strategies, wealth technology, and investment solutions. She will focus on expanding Scottish Widows' wealth capabilities in the intermediary market.(Dan Cooper, 12/8/2025, Money Marketing, 'Scottish Widows appoints Quilter’s Jenny Davidson as intermediary wealth director')Peter Martin, former CEO of Odey Asset Management, has joined Oberon Investments Group, which plans to launch a new Global Equities fund leveraging his expertise. He is joined by ex-Odey colleague Jake Bambridge as Funds Operations Manager. Martin brings over 40 years of investment management experience, while Bambridge previously managed operations for a £650m HNW private client business at Odey. Oberon also recently hired small-cap fund manager Richard Penny from Crux Asset Management. (11/8/2025, Financial Planning Today, 'Former Odey CEO joins wealth planner Oberon')Progeny Group has restructured its board as Founder Neil Moles steps down from his roles as Group President and Non-Executive Director. Andrea Hodgson and David Baker have joined as Non-Executive Directors to bolster leadership. Hodgson brings 25 years of banking and financial services experience, including roles at SilverRock Bank and GB Bank. Baker, an economist, has held senior risk and compliance positions, including at AXA UK and the Financial Services Authority. (7/8/2025, Financial Planning Today, 'Progeny adds 2 new directors as founder steps back')Continuum, owned by M&G, has recruited three advisers from Fleming Financial, recently acquired by Shackleton. Jim Low, Nick Foley, and Virgil Higglesden bring over 60 years of combined experience. Low, an IFA with 25+ years in financial services, will serve clients in Devon and Cornwall. Foley, a Chartered Financial Planner and PFS fellow, joins in Bristol with 16+ years of experience. Higglesden, also a Chartered Financial Planner, will serve clients in Exeter and Devon, bringing 25+ years of expertise. (5/8/2025, Financial Planning Today, 'Continuum adds Planners from private equity-owned Shackleton')Barnett Waddingham has appointed Nick Cooper as CEO of BW SIPP, succeeding Simon Foster, who will retire later this year. The firm highlighted the leadership transition as part of its strategy for market growth. Cooper, with over 30 years of experience in the SIPP and Master Trust markets, has been instrumental in BW’s transformation, including the development of the SIPP360 platform. His previous roles include senior positions at Aviva, Zurich, Clerical Medical, and Embark Group, where he developed retirement propositions and strategic partnerships. (5/8/2025, Financial Planning Today, 'Barnett Waddingham picks new CEO for BW SIPP')Seccl, the Octopus-owned white label platform, has appointed Jonathan Dees as its new UK CEO, pending regulatory approval. Dees, who has been interim MD since June, will succeed David Ferguson, now Executive Chairman focusing on Seccl’s vision and growth. Dees brings extensive experience, including six years as COO at Octopus Investments and senior roles at Zoopla and TripAdvisor. (5/8/2025, Financial Planning Today, 'Seccl appoints new CEO to replace David Ferguson')​All information provided in this market digest has been gathered from Financial Planning Today, Money Marketing, and IDEX Consulting.
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General Insurance newsletter Friday 22nd August 2025

​​Insurance NewsJoin Brokerbility and supercharge the growth of your brokerage - Brokerbility empowers independent brokers with tailored growth strategies, peer mentoring, innovative tools like a bespoke Broker Insights platform, and a robust training academy - helping members consistently achieve double-digit growth. (IDEX Consulting news, 'Join Brokerbility and supercharge the growth of your brokerage')What does nuclear energy mean for insurers? - Nuclear fusion energy represents a game-changing opportunity for insurers, requiring a shift from traditional nuclear risk models to tailored coverage that supports this safe, clean, and innovative energy source. (IDEX Consulting news, 'What does nuclear energy mean for insurers?')Interview strategies to secure the right talent - Mastering the interview process is key to smart hiring - employers can enhance outcomes by adopting structured frameworks, reducing bias, leveraging technology, and integrating diverse panels for better, long-term hires. (IDEX Consulting news, 'Interview strategies to secure the right talent')How insurers can be more agile - The UK insurance market faces challenges like economic volatility, cyber threats, and climate risks, requiring insurers to embrace digital innovation, regulatory compliance, and agile strategies to navigate a rapidly evolving landscape. (IDEX Consulting news, 'How insurers can be more agile')The Managing General Agents’ Association (MGAA) reported significant growth from August 2024 to July 2025, with membership increasing across all tiers, expanded education and insights offerings, and strengthened advocacy efforts, highlighting the MGA sector's growing role in insurance and its focus on innovation, collaboration, and professional standards. (Josh Recamara, 22/8/2025, Insurance Business, 'MGAA reports membership surge')A GlobalData survey reveals that while most UK SMEs are open to AI-driven insurance solutions, only 5.2% of brokers see AI as a major threat, highlighting a significant gap in adoption and awareness that could lead to brokers losing relevance as AI reshapes the industry. (Josh Recamara, 22/8/2025, Insurance Business, 'Are brokers aware of how much of a threat AI is?')IB Markets has launched in the UK, providing brokers with a free, intuitive platform to connect directly with underwriters and MGAs for specialty insurance coverage, offering instant access to niche, hard-to-place, and high-capacity policies while streamlining the search and comparison process. (Insurance Business, 21/8/2025, 'IBmarkets launches in the UK: The broker-loved platform connecting you with specialty coverage')iFarm Underwriting has secured a five-year capacity deal with Hadron UK, an A- rated carrier, to support its Farm Combined, Farm Focus, and Property Owners’ Select portfolios. This partnership strengthens iFarm’s position in the UK agricultural market, enhances broker access to secure capacity, and aligns with its growth strategy under Rokstone, its parent company. (Kenneth Araullo, 21/8/2025, Insurance Business, 'iFarm secures five-year capacity deal with Hadron UK')Aegon reported a net profit of €606 million for H1 2025, reversing a €65 million loss from the same period in 2024, driven by stronger US operations and improved experience variances. The company increased its share buyback program by €200 million, set an interim dividend of €0.19 per share, and is reviewing a potential relocation of its legal domicile to the US to align with its primary market. (Kenneth Araullo, 21/8/2025, Insurance Business, 'Aegon reverses last year’s loss with stronger profits in H1')Zurich CEO Mario Greco has raised concerns about the growing role of private equity in the insurance sector, warning that asset-focused strategies by firms like Apollo and KKR could conflict with the industry’s core purpose of long-term risk management. He emphasised the need for alignment with policyholder needs and regulatory frameworks, as private equity interest continues to reshape the market, particularly in life and annuity sectors. (Josh Recamara, 21/8/2025, Insurance Business, 'Zurich chief raises concerns over private capital's growing role in insurance')Marine insurers face pressure to address modern slavery and forced labour risks, as highlighted by the International Union of Marine Insurance (IUMI). High-risk sectors like shipping and fishing require ethical practices, including compliance with labour standards and human rights clauses. With stricter regulations like the UK Modern Slavery Act, insurers must act proactively to avoid reputational, legal, and regulatory risks. (Josh Recamara, 20/8/2025, Insurance Business, 'Marine insurers face growing pressure to address exploitative practices - IUMI')HDI Global SE reported €5.1 billion in revenue, a 91.6% combined ratio, and €377 million in profit for H1 2025, with strong regional growth in the US, Canada, UK, and Asia-Pacific, focusing on innovation, liability offerings, and international expansion. (Jonalyn Cueto, 19/8/2025, Insurance Business, 'HDI Global reports positive half-year results and shares expansion plans')Willis, part of WTW, launched Gemini, a digital auto-follow facility backed by A+ rated Lloyd’s syndicates, offering Willis clients competitive pricing, simplified claims handling, and stable capacity. It goes live on September 1, 2025, aiming to enhance efficiency and reduce transaction costs. (Paul Lucas, 19/8/2025, Insurance Business, 'Willis launches Gemini digital auto-follow facility with Lloyd's backing')Inigo Limited launched the Inigo Crime Excess, a new policy addressing financial crime risks like AI-driven social engineering and digital asset fraud. It complements existing US bond policies, offering broader coverage and enhanced claims handling, with global availability through Lloyd’s. (Jonalyn Cueto, 19/8/2025, Insurance Business, 'Inigo unveils new solution for financial crime')Allianz launched the Smart Broker Brief and upgraded its QuoteSME platform to enhance broker efficiency. The tools provide data-driven insights, streamline quoting processes, and address risks like underinsurance, helping brokers focus on client support. (Jonalyn Cueto, 19/8/2025, Insurance Business, 'Allianz introduces Smart Broker Brief and QuoteSME upgrades')Former Allianz and DAS executives Mickey Attia and Robin Stagg launched Elevate Specialty, a UK-based MGA focused on embedded and specialty insurance. Using AI-powered claims automation and rapid product rollouts, the firm offers legal expenses, cyber cover, and more. (Rod Bolivar, 19/8/2025, Insurance Business, 'New MGA Elevate Specialty enters UK market with former Allianz and DAS leadership')Pen Underwriting partnered with Bridgehaven Specialty UK to expand capacity for solicitors’ professional indemnity. The collaboration supports firms of all sizes, leveraging Pen’s 25 years of expertise and Bridgehaven’s hybrid insurance model. (Jonalyn Cueto, 19/8/2025, Insurance Business, 'Pen Underwriting and Bridgehaven form partnership')Aviva, through Founders Factory, backed AI-native broker Meshed in a £950,000 pre-seed funding round. Meshed uses AI for quoting and data collection, aiming to reduce costs and underinsurance for SMEs. Early clients reported savings of up to 52%. (Jonalyn Cueto, 18/8/2025, Insurance Business, 'Aviva backs AI heavy brokerage start-up')A Covernet survey found that 39% of UK insurers and MGAs prioritise digital transformation for competitive advantage, while 21% are driven by customer demand and 15% by cost savings. Despite this, only 61% of respondents feel their current platforms meet functional needs, and 39% report neutral or poor satisfaction. The report emphasises the importance of thorough evaluation during platform selection to ensure long-term operational benefits, as many insurers risk duplicating inefficiencies by rushing into digital adoption. (Rod Bolivar, 18/8/2025, Insurance Business, 'UK insurers go digital for competitive advantage - report')The QualRisk Cyber Insurance Center (QCC) projects global cyber insurance premiums to grow from $15.1 billion in 2024 to $27 billion by 2030, with Europe driving growth at a 22% annual rate. Key challenges include systemic risk and regulatory demands. (Josh Recamara, 18/8/2025, Insurance Business, 'Cyber premiums projected to grow to $27 billion by 2030')​​​Mergers & AcquisitionsAspen Insurance Holdings' shares surged 17% following reports of a potential takeover bid by Japan's Sompo Holdings. The discussions, unconfirmed by either party, come just months after Aspen's May IPO, which raised nearly $400 million. This potential deal aligns with ongoing consolidation trends in the insurance industry as companies seek scale and diversification. (Steven Byerley, 20/8/2025, Insurance Business, 'Aspen shares surge on whispers of possible Sompo takeover bid')Gallagher completed its acquisition of AssuredPartners, enhancing capabilities in sectors like transportation, energy, and healthcare. The $13.45 billion deal supports Gallagher’s M&A strategy, adds talent, and is expected to deliver double-digit earnings growth. (Rod Bolivar, 19/8/2025, Insurance Business, 'Gallagher completes giant deal with AssuredPartners')Movers​Marsh has expanded its global aviation and space leadership team, appointing Brian Glod as Global Head, bringing over 35 years of experience, including his time at Johnson & Higgins. Tony Ambrose has been named Global Chairman, with more than 30 years of expertise in global aviation insurance. Patton Kline, who started his career in Marsh’s graduate program and has over 21 years of experience, has been appointed as the US Regional Leader. These appointments aim to address risks such as cyber threats, supply chain disruptions, and regulatory challenges. (Kenneth Araullo, 21/8/2025, Insurance Business, 'Marsh expands global aviation and space leadership team')Laura Hay has joined Everest Group's board as an Independent Director, bringing over 30 years of experience, including her tenure as Global Head of Insurance at KPMG, where she led a team of 10,000 professionals across 90 countries. Her expertise in risk, regulatory, and capital market issues will enhance Everest's governance as it navigates evolving risks and growth opportunities. (Josh Recamara, 21/8/2025, Insurance Business, 'Laura Hay joins insurer’s board as independent director')Clear Group has appointed Barbara Duffy as Group Chief People & Performance Officer, effective September 8, bringing experience from senior HR roles at IG Group, St. James’ Place, and Centrica. Victoria Gallimore’s role as Group Chief of Staff has been expanded to include strategic initiatives and operational alignment. These leadership changes support Clear’s growth strategy, which includes 11% organic growth in Q1 2025 and investments in technology, acquisitions, and leadership development. (Josh Recamara, 21/8/2025, Insurance Business, 'Clear Group appoints Barbara Duffy as group chief people & performance officer')Reassured has appointed Beth Whelan as Chief Strategy & Data Officer, reporting to CEO Mark Townsend and joining the executive leadership team. Whelan will oversee strategic planning, embed data-driven decision-making, enhance AI capabilities, and lead the change and data science functions. With over 20 years of financial services experience, she previously served as Data and Transformation Director at Reassured and as Chief Strategy and Transformation Officer at TDX Group, an Equifax company. (Josh Recamara, 21/8/2025, Insurance Business, 'Clear Group appoints Barbara Duffy as group chief people & performance officer')Prestige Underwriting has promoted Tim Baxter, who joined in 2014 and brings over 25 years of insurance experience, to Business Development and Relationship Director. He will focus on broker engagement, partnerships, and growth across Great Britain and Ireland. Additionally, the firm partnered with Ardonagh Advisory to become a preferred non-standard household partner, offering brokers access to products for complex risks like non-standard household and motor, amid growing demand in the non-standard market. (Josh Recamara, 21/8/2025, Insurance Business, 'Clear Group appoints Barbara Duffy as group chief people & performance officer')Specialist underwriting agency Doe and Emuss has appointed John Watmough as Underwriter and Director of Broking. Based in London, Watmough brings over 25 years of experience in the London insurance market and expertise in the North American insurance landscape. He will focus on enhancing the firm’s broking and underwriting capabilities while expanding its client offering. (Josh Recamara, 21/8/2025, Insurance Business, 'Clear Group appoints Barbara Duffy as group chief people & performance officer')AIG appointed Scott Hallworth as Chief Digital Officer, effective September 1, 2025. With over 30 years of experience at HP Inc., Capital One, and Travelers, Hallworth brings expertise in digital, data, and GenAI strategies. He will succeed Claude Wade, who transitions to an advisory role by year-end. (Rod Bolivar, 19/8/2025, Insurance Business, 'Insurance moves: AIG, Commercial Express, Bravo, Weightmans')Commercial Express announced senior underwriting appointments, including Matt Warby, Richard Wilson, Kieran Jones, and Sally Scott (promoted internally). Helen Bingham also rejoined as a technical specialist. Following 36% growth in 2024, the firm targets £50M GWP by 2025 and £100M long-term. (Rod Bolivar, 19/8/2025, Insurance Business, 'Insurance moves: AIG, Commercial Express, Bravo, Weightmans')Bravo Networks, part of Everywhen, appointed Karen Jackman as Managing Director (pending regulatory approval). Currently Sales and Distribution Director at Geo Underwriting, Jackman brings experience from senior roles at Aviva and will report to CCO Phil Bayles. (Rod Bolivar, 19/8/2025, Insurance Business, 'Insurance moves: AIG, Commercial Express, Bravo, Weightmans')​All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.
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General Insurance newsletter Friday 15th August 2025

​​Insurance NewsWhat do possible wealth tax changes mean? - The potential introduction of a UK wealth tax, highlighted in discussions around the Autumn Budget 2025, has created uncertainty for wealth managers and their clients. This has led to increased client inquiries, concerns over capital flight, and a need for strategic adjustments in investment and tax planning to navigate potential regulatory changes. (IDEX Consulting news, 'What do possible wealth tax changes mean?')Risk and compliance employment market insights - The risk and compliance talent market is evolving rapidly, driven by increasing regulatory complexity and technological advancements. Employers face challenges in attracting top talent, with demand for professionals skilled in areas like ESG, data privacy, and M&A. Jack Johnson of IDEX Consulting emphasises the importance of streamlined hiring processes, strong employer branding, and adapting to trends like automation and AI to secure the best talent. (IDEX Consulting news, 'Risk and compliance employment market insights')Get the business edge with a competitive sustainability strategy -Building and implementing a sustainability strategy is crucial for businesses to attract talent, investors, and clients while addressing regulatory and societal demands. Dr. Rosina Watson of Cranfield School of Management highlights the importance of basing your strategy on the UN's sustainability goals, avoiding greenwashing, and preparing for future challenges to drive positive change and long-term success.(IDEX Consulting news, 'Get the business edge with a competitive sustainability strategy')Cyber risks for the US insurance market: what you need to know - The rising frequency and sophistication of cyber risks, including ransomware, data breaches, and AI-driven attacks, are significantly impacting the US insurance market. With most businesses under-insured, insurers face challenges in adapting to evolving threats and upskilling employees on cyber resilience. (IDEX Consulting news, 'Cyber risks for the US insurance market: what you need to know')Fidelis Insurance reported a net loss of $22.8 million for the first half of 2025, driven by $407.6 million in catastrophe and large losses, including California wildfires and aviation claims tied to the Ukraine conflict. Despite these challenges, the company expanded its risk transfer capabilities with a $90 million catastrophe bond and maintained confidence in delivering shareholder returns. (Kenneth Araullo, 14/8/2025, Insurance Business, 'Fidelis records H1 loss as wildfire and aviation claims drive costs')The UK government’s proposed ban on ransomware payments by public sector bodies and critical infrastructure operators could reshape cyber insurance underwriting, with insurers expected to tighten resilience requirements, revise policy terms, and reassess risk models to address increased claims exposure and operational disruptions. (Kenneth Araullo, 14/8/2025, Insurance Business, 'Proposed ransom ban raises underwriting pressure on cyber insurers')Aviva's H1 2025 operating profit rose 22% year-on-year to £1.07 billion, driven by a focus on capital-light businesses, which now contribute 66% of profits, alongside growth in insurance, wealth, and retirement sales. (Kenneth Araullo, 14/8/2025, Insurance Business, 'Aviva boosts H1 operating profit as capital-light strategy pays off')Talanx Group reported record H1 2025 net income of €1.37 billion, up from €1.09 billion, driven by strong contributions across divisions, lower large loss payments, and favourable currency effects, prompting an upgraded full-year forecast to €2.3 billion. (Kenneth Araullo, 14/8/2025, Insurance Business, 'Talanx lifts 2025 income forecast after record €1.37bn H1 profit')Insurtech Gateway acquired a Lloyd’s license, enabling direct access to the Lloyd’s market for early-stage MGAs, streamlining underwriting capacity and accelerating product launches in underserved and emerging risk markets. (Josh Recamara, 14/8/2025, Insurance Business, 'Insurtech Gateway acquires Lloyd’s license to trade')CFC's carbon insurance product supported a $210 million project finance credit facility for Chestnut Carbon, backed by a Microsoft carbon removal agreement. This innovative insurance, mandated by lenders, enabled lower-cost financing and highlights the growing role of insurance in de-risking voluntary carbon markets and fostering climate finance. (Josh Recamara, 14/8/2025, Insurance Business, 'CFC supports voluntary carbon market financing')MS&AD Insurance Group reported a 9% rise in Q1 net income to ¥222.7 billion ($1.51 billion), driven by improved underwriting performance and reduced natural catastrophe losses. While domestic nonlife operations saw strong growth, international profits declined due to stock price drops and foreign exchange losses, with mixed results across regions. (Jonalyn Cueto, 13/8/2025, Insurance Business, 'MS&AD reports higher Q1 profit')Beazley shares dropped 11.8% after lowering its 2025 premium growth forecast to low-to-mid single digits, citing large catastrophe losses and rising cyber threats. Despite a 31% drop in H1 profit to $502.5 million, Beazley maintained strong underwriting discipline with an 80.3% combined ratio, outperforming peers Hiscox and Lancashire. Its solvency ratio rose to 287%, signalling potential for strategic expansion amid challenging market conditions. (Matthew Sellers, 13/8/2025, Insurance Business, 'Beazley shares plummet as growth forecast cut – but underwriting discipline still leads peers')Antares Syndicate 1274 at Lloyd’s reported a $42 million H1 profit, exceeding targets despite major losses from California wildfires and Russian aviation claims. With a 96.3% combined ratio on $369 million in gross written premiums, CEO Mark Graham credited strong underwriting and portfolio diversity for the syndicate's resilience. (Kenneth Araullo, 13/8/2025, Insurance Business, 'Antares Syndicate beats H1 profit target despite major wildfire and aviation losses')Evolution Claims Management has relocated to a new headquarters in Oldbury, West Midlands, as part of its expansion. The move provides a modern, eco-friendly workspace for its growing team, which has doubled to 55 employees since 2020. CEO Russell Crewe highlighted the improved environment's positive impact on collaboration, productivity, and sustainability. (Josh Recamara, 13/8/2025, Insurance Business, 'Evolution Claims Management moves into new headquarters')The insurance industry is advancing gender balance through cross-gender collaboration, with research showing that inclusive leadership teams improve profitability and retention. ISC Group, with over 10,000 members, is leading efforts by appointing its first male ambassador, Hugh Evans of KPMG, and forming a Male Allyship Committee to drive cultural change and unlock talent potential. (Carmen Powell, 12/8/2025, Insurance Business, 'Driving gender balance in insurance')Markel-backed Certa Specialty Limited has launched to provide consultancy services for managing agents and Coverholders in the Lloyd’s London market. Led by Dan Lott, the firm focuses on MGA compliance, governance, and binding authority agreements. This launch aligns with market trends emphasising robust due diligence and regulatory compliance for MGAs. (Kenneth Araullo, 12/8/2025, Insurance Business, 'Markel-backed Certa Specialty launches, targets MGA compliance and growth')Howden Group has repriced a $3.1 billion term loan and £765 million credit facility, securing $8 million in annual savings. CFO Mark Craig highlighted this as one of the tightest pricing levels for leveraged loans in its category, reflecting investor confidence in Howden’s growth trajectory. (Josh Recamara, 12/8/2025, Insurance Business, 'Howden Group reprices US$3.1 billion loan')Marine insurers are rethinking coverage as geopolitical instability becomes a constant in the shipping industry, says The Swedish Club. Managing director Thomas Nordberg highlighted challenges like sanctions, altered routes, and cyber risks, emphasising the need for advisory roles and industry collaboration on geopolitical risk data. (Josh Recamara, 12/8/2025, Insurance Business, 'Marine insurers forced to rethink coverage')Rokstone-owned Novus Underwriting has secured an exclusive binding authority agreement with Collinson Insurance, covering over 500,000 annual warranty policies. This partnership supports Novus’s UK operations and complements its global presence across 26 countries, with plans to expand into the US, Australia, and India. (Kenneth Araullo, 11/8/2025, Insurance Business, 'Rokstone-owned Novus secures exclusive binder with Collinson Insurance')Prestige Underwriting’s latest survey reveals deepening underinsurance in the UK non-standard market, with 92% of brokers citing affordability issues as a key factor. Tim Baxter, business development director, emphasised the need for tailored solutions to address economic pressures and evolving client needs. (Kenneth Araullo, 11/8/2025, Insurance Business, 'Underinsurance trend deepens in UK non-standard sector, Prestige Underwriting finds')Miller’s mid-year 2025 update highlights a softening London construction market, with falling rates and increased competition. Underwriting discipline is under pressure as capacity grows, while evolving risks like NATCAT exposure and AI-related liabilities reshape approaches across construction, PI, D&O, and real estate sectors. (Josh Recamara, 11/8/2025, Insurance Business, 'Softening London construction market puts pressure on underwriting discipline')​​​Mergers & AcquisitionsMarshBerry reports that the UK insurance distribution M&A market has undergone a valuation reset, with private equity-backed brokers seeing lower multiples, a shift from scale-driven acquisitions to strategic fit, and increased opportunities for diverse and international buyers due to moderated pricing. (Josh Recamara, 15/8/2025, Insurance Business, 'MarshBerry says UK insurance distribution M&A market has seen valuation reset')Specialist Risk Group (SRG) announced plans to acquire City Quarter Brokers, a London-based firm specialising in complex risks in construction, engineering, and infrastructure. The acquisition, pending regulatory approval, will enhance SRG’s Wholesale division and expand its capacity to deliver placement solutions for global complex risks. City Quarter Brokers CEO Rob Walton highlighted the deal's potential to provide greater resources while maintaining a specialist focus. (Josh Recamara, 13/8/2025, Insurance Business, 'Specialist Risk Group to acquire City Quarter Brokers')Unilink Group, owned by Acrisure, has acquired Mega Brokers, Greece’s largest retail insurance agent, marking its entry into the Greek market. The deal combines Mega Brokers’ local expertise with Unilink’s regional scale, expanding its network to 10.3 million clients across nine countries. (Josh Recamara, 11/8/2025, Insurance Business, 'Unilink Group acquires Greek retail insurance agent')Movers​Hiscox has appointed Matthew Budd as Group Head of Technical Claims, a new role aimed at enhancing the handling of complex, high-value claims. Budd brings over 30 years of experience, including leading aerospace claims at AIG and senior roles at Talbot Underwriting, aligning with Hiscox's growth ambitions and the industry's focus on technical expertise to address rising claims complexity. (Josh Recamara, 15/8/2025, Insurance Business, 'Hiscox Group names group head of technical claims')AXIS Capital launched AXIS Capacity Solutions, a new unit led by David Murie, a chartered accountant with over 15 years of experience, including roles as Global Head of Underwriting Governance & Execution and Head of Business Performance at AXIS International Insurance. Murie, who also held managerial positions at Aviva, will leverage his expertise to develop multi-line portfolio capacity deals, utilising AXIS's global underwriting platform and Lloyd’s licenses to meet the rising demand for streamlined risk placement and enhanced broker relationships. (Josh Recamara, 14/8/2025, Insurance Business, 'AXIS Capital launches new business unit')Amiga Specialty, backed by B.P. Marsh, appointed Richard Mills as Transactional Risks Managing Director for the UK and Europe. Based in London, Mills, who began his insurance career at Capital Risks in 2018 and previously held legal roles at Proskauer Rose and Linklaters, will establish and lead the transactional risks line, focusing on strategic positioning, distribution, and carrier relationships. This marks Amiga’s entry into the growing transactional risks market, addressing warranties, indemnities, tax liabilities, and contingent risks amid rising M&A activity and corporate restructurings. (Josh Recamara, 14/8/2025, Insurance Business, 'Insurance moves: Amiga Specialty and Verisk')Verisk appointed Eric Spear as Chief Technology Officer for its Extreme Event Solutions division. Spear, formerly Senior Vice President of engineering at Flywire, will oversee engineering, quality assurance, and IT, focusing on advancing AI- and cloud-based catastrophe risk modelling. Extreme Event Solutions, which provides models for over 120 countries, aims to enhance automation, scalability, and resiliency in response to growing climate volatility, secondary perils, and severe weather losses impacting underwriting. (Josh Recamara, 14/8/2025, Insurance Business, 'Insurance moves: Amiga Specialty and Verisk')Davies appointed Richard Barke as CEO of its Insurance Solutions division. With over 20 years of experience, including leadership roles at Asta, Aspen, and KPMG, Barke will oversee operations and drive growth strategies. His appointment aligns with Davies' Vision 2030 strategy to expand global revenues and invest in innovation. (Kenneth Araullo, 12/8/2025, Insurance Business, 'Davies appoints Richard Barke to head Insurance Solutions')Lancashire Holdings announced the Q1 2026 retirements of John Spence and Hayler Johnston, with internal promotions to succeed them. Rachel Sabbarton will lead Lancashire Syndicates Limited, and Jennifer Wilson will head Lancashire Insurance Company Limited. Other internal promotions include Matthew Thomas as CUO, Colette Murphy as deputy CUO, and Tom Sutton and David Chalk as deputy underwriters for Syndicates 2010 and 3010. (Josh Recamara, 12/8/2025, Insurance Business, 'Insurance moves: Lancashire, BHSI, Vitality, Fidelis and Blenheim')Berkshire Hathaway Specialty Insurance has appointed Franco Masciovecchio as Country Manager for Switzerland. Previously a senior property and construction underwriter in Europe, Masciovecchio will now lead growth in the DACH region, focusing on commercial and industrial risks. (Josh Recamara, 12/8/2025, Insurance Business, 'Insurance moves: Lancashire, BHSI, Vitality, Fidelis and Blenheim')The Fidelis Partnership has appointed Conor O’Riordan as group CFO, succeeding Hinal Patel. O’Riordan, previously Chief Capacity Officer and a senior leader since 2021, played a key role in major capital transactions and the firm’s bifurcation from Fidelis Insurance Group. (Josh Recamara, 12/8/2025, Insurance Business, 'Insurance moves: Lancashire, BHSI, Vitality, Fidelis and Blenheim')Blenheim Underwriting has appointed Alex Stratton-Thomsett as Casualty Underwriter starting January 2026. Previously Lead Underwriter for US casualty at MS Amlin, he will work with David Barber to grow the MGA’s casualty portfolio. (Josh Recamara, 12/8/2025, Insurance Business, 'Insurance moves: Lancashire, BHSI, Vitality, Fidelis and Blenheim')​All information provided in this market digest has been gathered from Insurance Business and IDEX Consulting.
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What does the OPRC review of the digital justice system mean for lawyers?

The UK legal landscape is undergoing a profound transformation, and the Online Procedure Rule Committee (OPRC) is a major part of it. Established under the Judicial Review and Courts Act 2022, the OPRC's mandate is to create rules for online court and tribunal proceedings across the civil, family, and tribunal jurisdictions.The OPRC aims to enhance the experience for online users by promoting an integrated digital system, alongside the strategic use of artificial intelligence. The potential for AI to improve the justice system, leading to swifter, fairer and more accessible opportunities is huge. A particular benefit is the potential to reduce court backlogs. According to Gov UK’s Justice in Numbers pocketbook, in the three months to March 2025, there were 344,994 magistrates' court disposals and 27,950 Crown Court disposals, with just 30% of Crown Court trials labelled as ‘cracked trials’ (Ministry of Justice: Justice in numbers pocketbook). Further, at the end of March 2025, the prison population was approximately 87,919. These numbers demonstrate the immense volume of cases that the justice system must handle. The move to a more efficient digital system is not a luxury; it's a necessity to manage this workload effectively.However, the changes are not just about digitising existing processes; it's about fundamentally reshaping the way justice is accessed and administered. The OPRC's review, particularly its recent ‘Inclusion framework and pre-action model’, signals a new era for legal practice. For lawyers, this presents a significant challenge and an unprecedented opportunity. The OPRC's mandate and visionThe OPRC's vision is to build an integrated digital justice system that is "accessible to everyone, easier for everyone to use, capable of delivering justice more quickly, and, of course, transparent and trusted” (Legal futures: OPRC consults on inclusion framework and pre-action model). This goal is being pursued through two key initiatives: an inclusion framework and a pre-action model.The inclusion framework sets out design principles and standards to ensure all users, especially those at risk of exclusion, can engage with digital justice services. It focuses on user-centered design, plain language, and robust data collection to measure inclusion outcomes. For lawyers, this means a new focus on accessibility. It's no longer enough to simply file a document online; the process itself must be understandable and navigable for a diverse range of clients, including those with limited digital literacy or disabilities. This will require law firms to re-evaluate their client communication strategies and potentially invest in new tools and training to ensure their services align with these new standards.The pre-action model, on the other hand, aims to standardise the landscape of online pre-court dispute resolution services. It “encourages providers to adopt and follow principles and standards in the pre-action space that are consistent with those applied to online court-based dispute resolution” (Legal futures: OPRC consults on inclusion framework and pre-action model). It outlines guidance for online legal information, advice, and dispute-resolution services to promote early, fair, and efficient resolution of disputes outside of court. The OPRC’s goal is to create a seamless, end-to-end digital journey, where data can be easily transferred from a pre-court online service into the court system if a dispute is not resolved. This shift places a new emphasis on the pre-action space. Lawyers will need to become experts in a new ecosystem of online dispute resolution platforms and services. Moving forward, they will be required to understand the rules and data standards that govern these platforms and be able to effectively guide clients through them.What does this mean for legal practice? The OPRC's work will have a multi-faceted impact on how lawyers practice law. The changes will affect everything from case management and client interaction to business models and professional development. We delve into some of the key implications and changes that lawyers need to be aware of in our analysis below.Navigating a new digital landscapeThe most immediate impact for lawyers is the need to understand and adapt to a new digital ecosystem. The OPRC is developing rules and guidance that will govern how online proceedings are conducted, so it will be essential for lawyers to be proactive in understanding these new rules. This will be “the first time the OPRC would set out the basic rules which would, in time, apply to all online proceedings” (Online Procedure Rule Committee: Minutes from May 12 2025 meeting).This is not just about using new software, it’s about embracing a new philosophy of justice delivery. A 2025 Ministry of Justice report highlighted the success of early digital adoption, with millions of digital transactions completed through various apps. These trends indicate that a significant portion of legal work is already moving online, and lawyers who resist this shift will be left behind. The report further noted that over 4.1 million cases have been processed digitally since April 2019, demonstrating the scale of the change.The rise of the "Pre-Action" specialistThe OPRC's focus on the pre-action space presents a unique opportunity for lawyers to develop new skills and solutions. With the goal of resolving disputes before they reach the courts, lawyers who can effectively navigate online dispute resolution (ODR) platforms and guide clients through pre-action protocols will have a distinct competitive advantage. This could lead to a rise in a new type of legal specialist: the digital dispute resolution practitioner. These lawyers would not only have expertise in a specific area of law but also in new technology and ODR processes.Rethinking the client relationshipThe OPRC's inclusion framework places a strong emphasis on user-centered design and accessibility. This means that lawyers must reconsider how they communicate with and serve their clients. With the days of legal jargon and complex paperwork numbered, the new digital justice system further promotes the use of plain language and the use of intuitive interfaces. Lawyers who can adapt their communication styles and provide clear, accessible guidance will be better positioned to serve a wider client base and build stronger relationships. This shift also presents an opportunity to streamline processes, automate routine tasks, and focus on higher-value advisory work.The role of Artificial Intelligence (AI)The OPRC's work is closely linked to the broader adoption of AI in the justice system. The government's ‘AI action plan for justice’ policy published in July 2025, details the plan to embed AI across justice services. The plan, developed in collaboration with the OPRC, aims to use AI to "[reduce] administrative burden with secure AI productivity tools including search, speech and document processing” and “[support] better decisions through predictive and risk-assessment models” (Gov.UK: AI action plan for justice).While the plan emphasises that the human element remains critical in all judicial work, lawyers should expect to see AI tools becoming more commonplace in their practice. These tools could automate document review, case summarisation, and other routine tasks, freeing up lawyers to focus on strategic and client-facing activities. Lawyers who embrace these technologies will be more efficient and productive, while those who resist are likely to find themselves at a disadvantage.The OPRC's work represents a pivotal movement for the legal profession. Its focus on an inclusive and integrated digital justice system will fundamentally alter the way lawyers operate. For law firms, this means a need to adapt and evolve, embracing new technologies and business models, and for lawyers a requirement to become proficient in a new, end-to-end digital ecosystem. The challenges are real, but the opportunities for those who are willing to innovate are even greater. The future of law is digital, and the OPRC is setting the rules for the road ahead.If you’re looking for support with your legal hiring strategy or for a new career opportunity, contact one of our legal specialists who will be happy to help. Sources:Gov.UK: AI action plan for justiceGov.UK: Digital justice system: inclusion framework and pre-action modelGov.UK: Modernising courts and tribunals: benefits of digital servicesLegal futures: OPRC consults on inclusion framework and pre-action modelMinistry of Justice: Justice in numbers pocketbookOnline Procedure Rule Committee: Minutes from May 12 2025 cent meeting