Reinsurance News
London Market
London Market Group reports stronger confidence in UK financial regulators
1st August 2025
The London Market Group (LMG), a collective body representing the specialist commercial re/insurance market in London, has published the results of its second Regulatory Sentiment Indices. The data shows a clear improvement in how firms view the performance of the UK’s two key financial regulators: the Financial Conduct Authority (FCA) and ... Read the full article
Pinpoint UK a long-term play for AM Specialty Insurance Company: Barder and Powell
24th July 2025
For the latest Reinsurance News video interview, we spoke with Shevawn Barder, Founder and CEO of AM Specialty Insurance Company (ASIC) and Darren Powell, CUO of Pinpoint UK, to hear their plans for the new MGA and how progress has been so far as the E&S carrier ... Read the full article
IUA urges legal reform to enable growth of aviation technologies
23rd July 2025
The International Underwriting Association (IUA), which represents London Market insurers and reinsurers, is urging legal reform to support the safe and effective introduction of next-generation aviation technologies. The group says that while insurers are already developing new coverage solutions for innovations such as air taxis and drone delivery systems, progress depends ... Read the full article
London market re/insurers confident in meeting full-year targets: Berenberg
11th July 2025
Re/insurers in the London market remain confident in achieving their full-year targets, supported by rational pricing, improving capital allocation, and investments in AI and private markets — despite ongoing economic and geopolitical uncertainty, according to equity analysts at Berenberg. The analysts shared their insights following meetings with a number of re/insurers ... Read the full article
Augmented launches to advance digital underwriting in London market using AI
10th July 2025
Augmented UW Ltd., a new managing general agent (MGA), has launched with the goal of streamlining underwriting processes in the London insurance market using artificial intelligence and digital tools. Founded by Daniel Prince—former CEO of Rethink Underwriting, Augmented is focused on the growing smart-follow underwriting model. This approach allows follow capacity ... Read the full article
IUA responds to FCA’s latest insurance conduct reforms
7th July 2025
The International Underwriting Association (IUA), which represents insurance and reinsurance companies in the London Market, has issued a response to the Financial Conduct Authority’s (FCA) latest proposals to simplify insurance conduct rules. Representing 81 firms underwriting complex and specialist risks in the London Market, the IUA submitted a detailed response to ... Read the full article
Data Council leads industry push for shared data standards across London market
4th June 2025
The Data Council, a cross-market body made up of senior representatives from key London Market organisations, has launched a high-profile campaign to encourage the widespread adoption of a single shared data standard. Backed by industry CEOs, the initiative aims to demonstrate how common data practices can remove friction, boost efficiency, and ... Read the full article
London market holds firm as reinsurance discipline shapes 2025 outlook: Berenberg
30th May 2025
Berenberg, a private bank and financial institution in Europe, has released new analysis highlighting a clear trend across the London insurance market: stronger pricing discipline is holding, driven by structural changes in the global reinsurance space. The shift follows a period of elevated natural catastrophe losses, which prompted a reassessment of ... Read the full article
AM Best revises London Market insurance segment outlook to stable
8th April 2025
AM Best has revised its outlook for the London Market insurance segment from positive to stable, citing emerging signs of a softening pricing environment. "Although the pricing environment for most business lines remains adequate and supportive of favourable underwriting profitability, it is showing signs of softening," the rating agency said in ... Read the full article
Optalitix partners with Tokio Marine HCC to transform London market pricing
29th January 2025
Insurtech firm Optalitix, specialising in data analytics and pricing solutions, has partnered with Tokio Marine HCC International (TMHCCI), a recognised specialty insurer, to enhance its London Market underwriting and pricing systems. Optalitix’s advanced platform was chosen to deliver a faster and more adaptable solution for digitising and improving pricing accuracy across ... Read the full article
Juniper Re enters London market, appoints Nick Hawke Head of Office
16th January 2025
Juniper Re, the specialist reinsurance broking arm of The Baldwin Group, has announced its entry into the London market and the appointment of industry veteran Nick Hawke as Head of Office. Leveraging his extensive four decades of reinsurance expertise in the London market, Hawke has been hired to lead Juniper Re's ... Read the full article
A ‘silent’ low-carbon transition is already underway in the insurance sector: LMA
28th October 2024
Ahead of the next COP meeting, the Lloyd’s Market Association (LMA) commissioned a report, Underwriting the Transition, where KPMG examined the challenges, risks, and rewards of the low-carbon transition for the insurance sector over the next two decades, focusing on eight key economic sectors in the Lloyd’s market and mapping ... Read the full article
Positive London market pricing trends set to continue in H2: Fitch
15th October 2024
As per a new report by Fitch Ratings, positive pricing trends in the London market are anticipated to continue into H2 2024, though at a slower rate than in 2023, following a period of high inflation, pandemic and natural disaster losses, and challenges in the cyber insurance sector. According to the ... Read the full article
PRA outlines strategy to boost UK insurance competitiveness & attract investment
26th September 2024
As the PRA marks the first anniversary of its Secondary Competitiveness and Growth Objective (SCGO), the regulator's Director of Insurance Supervision, Shoib Khan, has highlighted a series of new initiatives designed to maintain trust in the prudential framework while facilitating the UK’s economic growth through the insurance sector. Introduced last year ... Read the full article
AdvantageGo partners with Ping Data Intelligence to boost data efficiency
12th September 2024
AdvantageGo, a provider of commercial insurance and reinsurance software and part of Coforge, has entered into a new partnership with Ping Data Intelligence (Ping), an insurance technology firm known for its AI-powered data ingestion, cleansing, and geocoding solutions. Ping, headquartered in Miami, Florida, has developed a global exposure technology that is ... Read the full article
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