Former Lloyd’s chief John Neal breached rules with undisclosed relationship July 22, 2026 Former Lloyd’s of London chief executive John Neal fell “significantly below” expected standards in his workplace relationship with a colleague, an independent legal review by Freshfields has found. Neal had run the historic London insurance marketplace for over six years when he stepped down last year. He was in line to become president of general [...]
Financial services activity ‘drops rapidly’ as investors alarmed by Burnham July 6, 2026 Business activity across the financial services sector – one of the chief drivers of economic growth across the UK – has dropped sharply as confidence slumps, according to a new survey. Financial services firms, including banks and insurers, said business volumes had nosedived in the second quarter of the year. While the net reading for [...]
‘Nearing a turning point’: Reinsurers set to pay out as climate disasters loom June 29, 2026 The insurance industry is bracing for severe losses in the next financial year as global natural disasters trigger higher claims from consumers. Morningstar analysts predict reinsurance earnings to peak over the course of 2026, arguing that the industry is currently at the bottom of a low-loss weather cycle, meaning it is seeing the end of [...]
K2 PI aims high: Lloyd’s-backed MGA targets larger PI risks June 24, 2026 Partner content, in association with K2 PI Freshly backed by Lloyd’s of London, K2 PI, which specialises in professional indemnity, has its sights set on competing with larger brokers through its broker-neutral managing general agent (MGA) model. Speaking to City AM, Richard Smart, managing director of K2 PI, explained, “We’ve got 100 per cent Lloyd’s backing, [...]
Lloyd’s and Chubb unlock $400m to jumpstart Strait of Hormuz shipping June 19, 2026 The world’s largest insurance marketplace is set to break the Strait of Hormuz logjam with a new $400m (£316m) war-risk facility. Lloyd’s of London has launched a new market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz. Insurer Chubb will serve as lead underwriter, [...]
Allianz tech blitz dethrones AXA to claim Europe’s insurance AI crown June 16, 2026 Allianz has officially overtaken French insurer AXA to claim the top spot in global AI maturity, capitalising on a massive talent hoarding strategy. The German insurance giant, Allianz, has amassed an AI workforce 28 per cent larger than its closest rival, resulting in a staggering 900 active AI use cases worldwide and putting pressure on [...]
LMIS wins King’s Award as global expansion drives marine insurance success June 9, 2026 London Marine Insurance Services Ltd (LMIS) has been awarded the prestigious King’s Award for Enterprise in the International Trade category, marking a significant milestone for the specialist marine insurance provider and reinforcing its position as a leading British exporter of financial services. The King’s Award, widely regarded as the highest official accolade for UK businesses, [...]
Former Lloyd’s DEI leader left Beazley over non-financial misconduct allegations June 2, 2026 A former chief risk officer at cyber insurance giant Beazley left the FTSE 100 business following allegations of non-financial misconduct. City AM understands that Rob Anarfi, who had been at Beazley since 2012, left the FTSE 100 business early last year following allegations of non-financial misconduct. Anarfi was also chair of the Lloyd’s of London [...]
Enhanced Games on metaphorical trial: is the risk worth it for partners? May 22, 2026 The Enhanced Games wants to sell itself as the future: faster, louder, richer and finally honest about the drugs elite sport has spent decades pretending do not exist. This weekend it lands in Las Vegas with a simple proposition. Let athletes use performance-enhancing drugs under medical supervision, put big prize money on the table, stream [...]
Middle East conflict revs up costs for young drivers May 21, 2026 Costs for drivers under the age of 25 are rising despite a drop in insurance premiums, largely driven by fuel hikes from the fallout of the Middle East conflict. Fuel costs for young drivers rose by 18 per cent in 2026 compared to 2025, with the average annual bill spiking from £833 to £981, according [...]