Reinsurance News
EY
UK life and non-life insurance premium growth set to slow in 2026: EY
17th November 2025
Growth in life and non-life insurance premiums is projected to decelerate in 2026 amid a slowing UK economy and softening household incomes, according to a new EY ITEM Club report. EY expects overall UK non-life premium growth to ease from 4.6% in 2025 to 3.6% in 2026 as real income growth ... Read the full article
Jonathan Zhao named EY Global Insurance Leader
3rd July 2025
Jonathan Zhao has been promoted to Global Insurance Leader at EY, taking over the role from Isabelle Santenac, who had been leading the practice for the past six years. Zhao, who has been with the company for nearly 25 years, will now oversee a team of 24,000 insurance professionals across EY’s ... Read the full article
UK retains lead for financial services investment in Europe in 2024 despite decline: EY
9th June 2025
The UK continues to be Europe’s most attractive location for foreign direct investment (FDI) into financial services, recording 73 projects in 2024—despite this representing a 32% decline from 108 in 2023, according to a recent EY survey. Germany ranked second with 32 financial services projects (a 16% annual decrease), followed by ... Read the full article
UK insurance premium growth forecast to stabilise over next three years: EY
21st February 2025
The UK insurance sector is predicted to experience steady but slowing growth in premium income over the next three years as economic conditions stabilise and premium rises ease, according to the latest EY ITEM Club Outlook for Financial Services. The forecast anticipates a return to more normal premium increase levels, averaging ... Read the full article
2024 UK financial services M&A activity hits highest volume in over a decade: EY
13th January 2025
In 2024, M&A activity in the UK financial services sector reached its highest annual volume since 2012, with UK banks, insurers, and asset managers publicly disclosing 380 deals, according to a recent EY report. This marked a 26% increase in deal volume compared to 272 deals in 2023. The total disclosed ... Read the full article
UK insurers’ growth to slow with steady premium income projected until 2026: EY
12th November 2024
In the coming years, UK insurance companies are projected to report steady yet slowing premium income growth; a trend that is expected to persist throughout 2024, 2025, and 2026 as consumer premium increases return to average levels, according to a recent EY report. After experiencing significant premium increase due to high ... Read the full article
Optimism high in re/insurance following record results, yet challenges persist: EY
30th September 2024
With the re/insurance industry returning to profitability and many firms achieving record results in 2024, there’s reason for optimism. However, key challenges like high inflation, climate change, and geopolitical instability persist, according to Isabelle Santenac, EY’s global insurance leader, and Rodney Bonnard, UK financial services market leader. Speaking with Reinsurance News ... Read the full article
UK insurance M&A deal value hits £900m in H1 as total number increases: EY
9th July 2024
As per a new report from EY, the number of publicly disclosed M&A deals in the UK insurance industry increased from 54 in H1 2023 to 94 in H1 2024, while the overall disclosed deal value climbed from £400 million to £900 million. This information comes as part of EY’s latest ... Read the full article
Argenta Holdings hires EY’s Niranjan Nathan as group chief risk officer
12th June 2024
Argenta Holdings Ltd, a subsidiary of Hannover Re, has hired Niranjan Nathan as group chief risk officer, subject to regulatory approvals. He assumes the role from Carol-Ann Burton, who will continue to serve as group general counsel and compliance director. In his new role, Nathan will be based in London, where he will ... Read the full article
UK to be Europe’s most attractive spot for financial services investment in 2023: EY
20th May 2024
The UK has accelerated its lead as the most attractive destination for financial services investment foreign direct investment (FDI) into financial services over other European markets, according to EY’s latest Attractiveness Survey for Financial Services. Having attracted 108 financial services projects in 2023 – an increase from 76 projects in 2022 ... Read the full article
UK insurers to report slowing premium income growth over next three years: EY
9th May 2024
As per EY's latest ITEM Club Outlook for Financial Services, UK insurers are anticipated to report slowing premium income growth over the next three years as inflation continues to fall. EY noted that while falling inflation is likely to mean that increases in insurance premiums will be smaller, it should prompt ... Read the full article
UK financial services M&A activity sees fall in 2023: EY
18th January 2024
Financial services M&A activity in the UK saw a 9% fall in 2023, with 273 deals recorded in the year compared to 301 deals in 2022, according to EY’s latest financial services M&A analysis. Additionally, the report found that the total disclosed deal value for the year fell to £12.1bn in ... Read the full article
Challenges expected for UK specialty re/insurers in 2024 despite strong 2023: EY
20th December 2023
As 2024 draws closer, Martina Neary, UK Insurance Leader at EY, has suggested the UK’s specialty insurance market will face a host of challenges in the year, including increasing weather events, sustained inflation and cost pressures, and increasing geopolitical uncertainty. According to Neary, UK specialty insurance and reinsurance firms performed well ... Read the full article
2023 UK motor insurance market performance expected to be worst since 2010: EY
13th December 2023
The UK motor insurance market is expected to record its worst performing year since 2010 this year, according to EY’s latest UK Motor Insurance Results. EY's report said that a net combined ratio (NCR) of 114.6% is now forecast for motor insurers in 2023, up from 108.5% forecast in June. This occurred ... Read the full article
GenAI deployment imminent, though scepticism remains: EY
12th December 2023
Despite 99% of financial services leaders in a recent EY survey reporting that their organisations were deploying Generative AI (GenAI) in some manner, over one in five respondents said they are nervous or sceptical about the potential impact of the tech, with insurance ranking highest in this category. EY's 2023 Financial ... Read the full article
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