Zurich acquires stake in transactional insurance specialist Icen Risk April 1, 2025 Global insurance giant Zurich Insurance is set to acquire a stake in Icen Risk, a Lloyd’s of London coverholder and a growing player in London’s specialist insurance market. Since it was founded in 2018, Icen has carved out a niche in transactional risk, notably tax and intellectual property risk in complex M&A deals. According to [...]
Compare The Market: Higher premiums help profit pass £200m April 1, 2025 Compare The Market increased its revenue by almost £100m thanks to higher insurance premiums leading to more customers switching providers. The Peterborough-headquartered company has reported a revenue of £563.7m for the year to 30 June, 2024. The figure comes after the comparison site posted sales of £467.5m in its prior financial year. New accounts for [...]
Motor finance: Insurance industry nervously watches legal battle March 31, 2025 As the lenders brace for the start of a high-profile legal battle on Tuesday, the insurance industry lurks in the sidelines
Howden set to acquire consultancy Barnett Waddingham March 25, 2025 Insurance giant Howden has agreed to acquire professional services consultancy Barnett Waddingham
Lloyd’s reinsurer secures landmark Ukraine reinsurance facility March 21, 2025 MS Amlin, a Lloyd's reinsurer, has secured a reinsurance scheme that could provide up to €1bn (£830m) in annual coverage for Ukraine SMEs
Sabre Insurance hikes dividend as turnaround gathers speed March 18, 2025 Sabre Insurance has reported a 105.9 per cent surge in pre-tax profit for 2024, driven by record-high premium income and strict underwriting discipline. The UK motor insurer, which has struggled to keep up with the market in recent years, reported gross written premium growth of per cent year-on-year to £236.4m. IFRS profit before tax jumped [...]
Howden: Insurance giant set for US deal and £23bn stock market float – report March 15, 2025 Insurance giant Howden is reportedly set for a US takeover deal which could lead to a £23.2bn stock market float, according to Sky News. The British insurance broker, founded by David Howden, anticipates finalising a £7.73bn ($10bn) takeover of American private insurance broker and risk management adviser, Risk Strategies, in the next few weeks, the [...]
RSA: More Than sale helps insurance giant to huge profit March 12, 2025 Insurance giant RSA has surged back into the black after selling the More Than brand as its revenue jumped by more than £350m. The London-headquartered group, which dates back over 300 years, has reported a pre-tax profit of £195m for 2024. The new figure comes after RSA posted a pre-tax loss of £19m in 2023. [...]
Legal & General: FTSE 100 giant hikes shareholder returns after strong year March 12, 2025 Asset management and insurance giant Legal & General has reported a six per cent increase in core operating profit for 2024. Core operating profit hit £1.6bn and pre-tax profit under IFRS accounting standards stood at £542m. Off the back of these robust numbers Legal & General announced a £500m share buyback for 2025, as part [...]
Direct Line boss gets huge pay day ahead of Aviva’s £3.7bn takeover March 11, 2025 The chief executive of Direct Line Group has received a huge pay day ahead of its £3.7bn takeover by Aviva. Adam Winslow took home a pay packet of more than £7.8m for the insurance giant’s latest financial year, according to its annual report. The CEO’s pay was significantly boosted by a £5.8m payment from Direct [...]