K2 PI aims high: Lloyd’s-backed MGA targets larger PI risks Partner 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, [...]
Allianz tech blitz dethrones AXA to claim Europe’s insurance AI crown Insurance 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 [...]
Kennedys tops £450m global revenue as Middle East conflict helps drive growth Legal Law firm Kennedys has reported its 12th consecutive year of growth, surpassing £450m for the first time, with the Middle East conflict partly driving revenue. The City-headquartered firm, which specialises in advising the insurance sector, has generated £457m for the financial year 1 April 2025 to 31 March 2026, up from £428m in the previous [...]
From the ashes of the Great Fire, London’s insurance industry was born May 11, 2026 London is not only the birthplace of modern insurance, but the world's leading reinsurance market. Let's celebrate it, says Susan Langley.
Lloyds hit with highest FCA complaints as finance firms fork out £240m April 28, 2026 Lloyds Banking Group led the pack as the most complained about financial services group in the second half of 2025 as the industry forked out a near-quarter of a billion pounds to dissatisfied customers. Across its subsidiaries, the FTSE 100 giant was hit with a storm of 187,516 grievances to the UK’s financial watchdog in [...]
Lloyd’s profits surge as Tiernan charts course for ‘efficiency’ era March 19, 2026 Lloyd’s of London has reported a pre-tax profit of £10.6bn, over a 10 per cent increase from the previous year, as its chief executive launches its new five-year strategy. Its gross written premiums climb to £57.9bn, up over 4 per cent. This was driven by volume growth as new syndicates joined the market; however, for [...]
Double-digit profits at Admiral as dividends rise for shareholders March 5, 2026 FTSE 100 listed insurer Admiral reported double-digit profit growth over the last financial year, as the group pivots itself toward high-tech commercial insurance. The group profit before tax rose 16 per cent to £958m – up from £827m in 2024 – as its UK motor division surpassed the £1bn profit mark. Its other UK personal [...]
Lloyds offloads Scottish Widows Europe in £100m deal February 17, 2026 Lloyds Banking Group has offloaded its European life insurance business to FTSE 250 firm Chesnara in the latter’s second major deal with a UK bank. The FTSE 100 banking giant – which posted a hefty profit jump last month for the 2025 financial year – has inked a €110m (£96m) deal with Chesnara for Luxembourg-based [...]
Finally something to shout about: London’s insurance market! February 9, 2026 The London insurance market represents what’s best about our city – its talented workforce, its global outlook and its creativity.
JP Morgan’s Chase sets sights on UK insurance market February 4, 2026 Global banking giant JP Morgan has set its sights on the UK insurance market with its consumer arm Chase set to enter the scene. The new offering, branded as Chase Protect, will envelope its essential coverage bundle into one single month fee, designed as an add-on for current account holders. While JP Morgan has operated [...]