Lloyd’s backs £40m transactional risk MGA targeting private capital Insurance Syndicates in the world’s leading insurance and reinsurance market, Lloyd’s of London, have agreed to provide up to £40m of risk capital per policy to back a new managing general agent in the City focused on the private capital sector. Alpha TR, a speciality insurance managing general agent (MGA), launched on Monday as a Lloyd’s [...]
Drone strikes and noise disputes: The soaring risks of the global data centre boom Insurance As data centres scale, consume more power, and draw tighter community scrutiny, insurance risks are becoming increasingly complex. As AI infrastructure grows, so do legal risks: large lawsuits involving data centres more than tripled from four in all of 2021 to 14 in the first half of 2026, according to a Howden report. Planning and [...]
FTSE boss calls on City businesses to hire former offenders Business Beazley chief executive Adrian Cox has encouraged City business leaders to hire ex-offenders as he believes in “looking beyond convictions and recognising potential”. The boss of the FTSE specialist insurer, which agreed to be acquired by Zurich Insurance for approximately £8.14bn earlier this year, said: “City employers can transform lives while strengthening their organisations’ access [...]
McGill and Partners staff to benefit from EQT’s $2bn insurance broker deal September 4, 2026 Speciality London-based reinsurance broker McGill and Partners has agreed to a $2bn (£1.48bn) investment by private equity giant EQT. Founded in May 2019 by industry titans Steve McGill and John Lloyd, the firm handles high risks for corporate and institutional clients. In seven years, the broker has grown revenues to more than $250m and expanded [...]
Lloyd’s of London profit slides as bond market jitters bite September 3, 2026 The world’s leading insurance and reinsurance market has suffered a slump in profit after being weighed down by bond market jitters. Lloyd’s of London took a 16.7 per cent hit to its pre-tax profit £3.5bn for the first six months of 2026. Gross written premiums leapt 6.9 per cent to £34.7bn, up from £32.5bn last [...]
Prince Harry’s courtroom defeat could drive up legal insurance premiums August 30, 2026 Prince Harry’s High Court defeat to the owner of the Daily Mail could send legal insurance premiums soaring, experts have warned, after the Duke and six other high-profile figures were left on the hook for an uninsured bill of £19m. The Duke of Sussex, Sir Elton John and his husband, David Furnish, actresses Liz Hurley [...]
London pensions firm eyes more deals after HSBC and Lloyds takeovers August 25, 2026 Pension consolidator Chesnara has said it is eyeing more deals after it swung back into profit following its takeover of HSBC Life UK. The London-listed firm recorded a £61m pre-tax profit in the first half of 2026, bouncing back from a £5m loss in the same period last year. Revenue soared to £255.9m, up from [...]
Prince Harry braces for eye watering legal bill after Daily Mail defeat August 20, 2026 The litigation costs Prince Harry and a group of six other household names will have to pay the Daily Mail’s publisher are set to be decided on Friday after the group lost their high-profile phone-hacking case. The celebrity group waged a long-running legal battle against Associated Newspapers over allegations of illegal information gathering and phone [...]
Standard Life partners with Goldman Sachs and CVC to fuel pension risk transfer business August 20, 2026 Standard Life has struck a deal with a group of global finance giants including CVC and Goldman Sachs in a bid to accelerate its push into the booming pension risk transfer market. The FTSE 100 group has joined forces with a CVC-led consortium, which also includes insurer Prudential, to commit as much as £2bn over [...]
Aviva profits jump following Direct Line acquisition August 14, 2026 FTSE 100 insurance giant Aviva reported its operating profit for the first half of this year to be up 24 per cent, driven by the group’s “strong progress” following its acquisition of Direct Line in 2025. The London-listed insurer, which offers home, car, and life insurance in the UK and serves approximately 25 million customers, [...]