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, [...]
Kennedys tops £450m global revenue as Middle East conflict helps drive growth June 10, 2026 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 [...]
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 [...]
‘Sounds too good to be true?’ City watchdog clamps down on social media insurance scams May 20, 2026 The Financial Conduct Authority is cracking down on insurance scams advertised on social media and messaging platforms after finding half of young drivers have purchased illegitimate insurance premiums this way. The regulator said nearly 40 per cent of drivers aged 17-25 are “unconfident” in spotting the signs of a fake insurance policy, meaning “thousands could [...]
Cyberattacks hit UK businesses with £3.7bn in legal costs last year May 18, 2026 Large UK businesses were forced to fork out £3.7bn to defend legal action brought by shareholders last year over cyberattacks, according to new research from insurance giant Gallagher and the Centre for Economics and Business Research (CEBR). Cyberattacks cost firms with over 250 employees an estimated £11.7bn in total, with litigation being the second largest [...]
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.
Revealed: The 2026 City AM Awards Winners May 7, 2026 Around 500 guests enjoyed a night of celebration at London’s Guildhall on Wednesday 6 May where the winners of the 2026 City AM Awards were crowned. From 60 finalists across 12 categories, the judges chose their champions. Personality of the Year Greg Jackson CBE The entrepreneur and CEO of Octopus Energy has become one of [...]