Reinsurance News
PwC UK
Insurance modernisation key to UK financial services competitiveness: TheCityUK & PwC
26th January 2026
Insurers are central to the competitiveness of the UK’s financial and related professional services industry, but a report from TheCityUK and PwC UK warns that lagging insurance processes and market infrastructure threaten that position without urgent modernisation. The report draws on insights from over 300 senior leaders – including 70 CEOs ... Read the full article
US trade deal will be welcomed by UK insurers, says PwC’s Bertolotti
9th May 2025
Commenting on the trade deal between the US and UK, as well as the Bank of England’s interest rate cut, Alex Bertolotti, Insurance Leader at PwC UK, noted that while UK insurance companies do not anticipate a direct impact, they are likely to welcome the reduced secondary effects on their ... Read the full article
PwC appoints Hugh Man as Partner in Corporate Finance team
3rd April 2025
PwC has announced the appointment of Hugh Man as a Partner in its Corporate Finance team, based in the company’s London office. In his new role, Man will focus on M&A and capital raising in the insurance sector, further strengthening PwC’s established presence in this field. Man brings 20 years of experience ... Read the full article
PwC’s Jim Bichard stresses importance of net zero goals at 66th RVS
11th September 2024
Speaking in an interview at the Rendez-Vous de Septembre (RVS) in Monte Carlo, Jim Bichard, Global Insurance Leader, Partner, PwC, observed that while trading and renewals discussions are important, a longer-term view of the transition to net zero is needed. Commenting on the primary focus of PwC's conversations at this year's ... Read the full article
Gareth Henty named Head of Pensions, PwC
12th August 2024
PwC has announced the appointment of Gareth Henty as the new Head of Pensions and named Mark Jennings as head of the pensions employer covenant and restructuring team. This move comes as PwC’s pensions practice has been through a period of growth and evolution, the firm stated. Henty, a pensions actuary with ... Read the full article
Appian collaborates with PwC UK to bring innovative insurance solutions
19th June 2024
Appian has recently partnered with PwC UK to enhance its ability to deliver innovative services aimed at streamlining processes, improving customer experiences, and boosting operational efficiency for insurance companies on the Appian Platform. PwC serves over 4,000 insurance clients worldwide and understands the challenges posed by disparate systems, particularly legacy platforms, ... Read the full article
Legal & General finalises Nortel pension buyout
28th May 2024
UK insurer Legal & General Assurance Society Limited has successfully completed a buyout with the Nortel Networks UK Pension Plan, which belonged to the now-bankrupt telecommunications company Nortel Networks. This latest agreement secures the benefits for the remaining Plan members, involving an initial premium of £14 million and an additional £6 ... Read the full article
Global non-life run-off reserves exceed $1 trillion for first time: PwC UK
27th March 2024
As per research conducted by PwC UK, global non-life run-off reserves are estimated to have reached $1.014 trillion, marking a $53 billion increase since its last survey published in September of 2022. Respondents to PwC UK’s recent survey of non-life legacy insurance market participants expect the strong pipeline of global deals ... Read the full article
PoloWorks and PwC UK enter strategic relationship to create PoloPartners
28th February 2024
PoloWorks, a member of the Marco Capital Group, has launched PoloPartners, a joint venture combining the expertise, capability and experience of PoloWorks and PwC UK. PoloPartners has been created to provide the insurance market with a bespoke, tech enabled, differentiated offering; a unique end-to-end service, as PoloWorks states. According to the firm, ... Read the full article
Insurance losses from Storm Babet to range between £450m-£650m: PwC
2nd November 2023
PwC UK anticipates insurance losses from Storm Babet to range between £450 and £650 million. The recent early autumn storms have left the UK vulnerable to flooding, resulting in extensive damage, power outages, and some fatalities. Highlighting the extent of the subsequent damage to residential and commercial properties, Mohammad Khan, General Insurance ... Read the full article
PwC UK teams up with Clearspeed to revolutionise risk assessment and combat fraud
25th September 2023
PwC UK has announced a strategic alliance with Clearspeed Inc., a prominent voice analytics technology provider, to introduce cutting-edge solutions for accurate and automated risk assessment on a larger scale. This partnership aims to empower PwC's clients across various sectors, including insurance, banking, and the public sector, to enhance customer experiences ... Read the full article
Solvency II reforms have the potential to unlock investment in the UK: PwC
25th July 2023
The Government's proposed Solvency II reforms have the potential to unlock investment by the insurance industry into the UK economy, according to analysts at PwC UK. PwC suggests that the refresh of the Solvency II rules will make certain assets "more attractive" to insurers. This includes infrastructure assets in their construction ... Read the full article
Subsidence-related insurance costs could reach £1.9bn by 2030: PwC
11th July 2023
Sustained heat, floods and heavy rainfall could drive subsidence-related insurance costs to over £1.9bn by 2030, according to analysts at PwC. PwC's analysts suggest that subsidence-related insurance will be significantly impacted if the levels of sustained heat continue. According to the firm, this highlights the effect record temperatures can have on insurance ... Read the full article
Lacklustre digital experience an issue for UK insurance customers: PwC
10th October 2022
According to the latest UK Insurance Sentiment Index conducted by PwC in collaboration with DataEQ, inaccessible digital platforms and a lack of online service capabilities are impeding the overall customer experience for UK-based insurers. The index analysed over 335,000 public tweets regarding 15 of the country’s major insurers, highlighting that the ... Read the full article
Critical role for re/insurers in net zero transition & enabling climate tech: PwC
3rd September 2022
With the back-in-person Monte Carlo Rendez-vous reinsurance industry event happening in just a week's time, PwC is highlighting the important role of re/insurers and underwriters in supporting the transition to net zero, as well as in enabling climate tech innovation. PwC is hosting a special session (details below) at the ... Read the full article
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