How AXA UK&I boss is building a £7bn insurance powerhouse September 16, 2025 If AXA UK&I was listed on the London Stock Exchange in its own right, it would be part of the FTSE 100, its chief executive Tara Foley has said. The AXA group is one of France’s best-known financial services firms, and its financials reflect this, having generated over €110bn (£95bn) in 2024. While back at [...]
Co-op Insurance expands into loans in partnership with ClearScore September 16, 2025 The insurance arm of the Co-op Group is expanding its presence in the financial services market by offering personal loans, in partnership with ClearScore. As part of the collaboration, ClearScore’s credit matching platform will be available to Co-op members and customers, offering personalised credit services. Its member-owners and customers will be able to access unsecured [...]
UK insurers face ‘data quality’ obstacles in AI adoption September 9, 2025 British insurers are facing a bigger AI obstacle than expected, as poor quality data is preventing underwriters from accelerating adoption. A new report by tech firm CI&T, in collaboration with Reuters Events, revealed that nearly three-quarters (72 percent) of underwriters identified fragmented and unstructured data as the primary barrier to AI transformation. The next top [...]
Lloyd’s of London BluePrint Two delayed, again September 4, 2025 The world’s leading insurance and reinsurance market, Lloyd’s of London, has delayed the rollout of its strategy to digitalise the market for the fourth time. Blueprint Two was launched six years ago, labelled an “ambitious strategy” by the market. The programme was pitched as delivering a “profound” change in the market through digitalisation. Lloyd’s, together [...]
Higher interest rates boost Lloyd’s of London September 4, 2025 Lloyd’s of London, the world’s leading insurance and reinsurance market, has reported a profit before tax of £4.2bn for the first half of 2025. Gross written premiums climbed to £32.5bn, up from £30.6bn reported for the same period last year. Its underwriting result fell to £1.5bn, down from £3.1bn the previous year, as the market’s [...]
Geopolitical instability hits the bottom line as businesses suffer investment losses September 3, 2025 Businesses have suffered losses in international projects or investments due to geopolitical and economic risks, with interest in political risk insurance (PRI) soaring as a result. According to a new report by insurer Howden, over half of the companies surveyed, comprising around 500 senior risk and treasury function decision-makers, reported suffering a political loss to [...]
Private healthcare admissions surge as calls for VAT raid grow September 2, 2025 The number of hospital admissions using private healthcare in the first quarter of the year has bounced back to its pre-pandemic peak. The latest Private Healthcare Information Network (PHIN) data on private healthcare admissions published today revealed that the total number of admissions in the first quarter of 2025 was 241,000. Despite the figure being [...]
Gallagher Re: Global reinsurance capital hits record September 2, 2025 Global reinsurance capital rose 4.8 per cent to a record $805bn (£595bn) in the first half of 2025 and is on track to increase by eight per cent overall, thanks to continued strong profitability and additional non-life alternative capital, according to Gallagher Re’s half-year 2025 Reinsurance Market Report. The industry has continued to grow despite [...]
Prudential: FTSE 100 insurer pledges $5bn in shareholder returns August 27, 2025 FTSE 100 insurer Prudential said it had reached its “inflection point” on Wednesday after growing profit and kicking off a hefty program of returns of investors. The firm recorded a six per cent increase in adjusted operating profit before tax to $1.6bn (£1.2bn). Life weighted premium income, which indicates the volume of new business, increased [...]
Insurers urged to reassess Russian oil coverage amid UK and EU price cap changes August 14, 2025 An insurance association has urged its members to assess their exposure to Russian oil as the UK and EU prepare to update their oil price cap regimes