Pensions Age

Premium Credit taps Godel to accelerate AI adoption

11 Jun 2026, 10:17:17

Premium Credit has appointed software engineering company Godel to help enhance its technology platform and accelerate the adoption of AI. Under the multi-year arrangement, Godel will support the development of Premium Credit's existing software estate, strengthen engineering and delivery capabilities and help extend the technical foundations required to support wider AI adoption across the business.

IUA calls for new cyber BI claims protocol

10 Jun 2026, 11:37:38

The International Underwriting Association has called for a market-wide protocol to improve the handling of cyber business interruption claims, arguing that greater coordination could reduce delays and improve efficiency. Its latest paper Split Market Reviews in Cyber BI Towers: Why It’s Time for a Rethink proposes a framework covering fee-sharing arrangements and information flows between insurers.

Property Guardian and EigenRisk partner on wildfire risk analytics

10 Jun 2026, 11:27:22

Property Guardian has partnered with EigenRisk to integrate its wildfire risk intelligence into the EigenPrism catastrophe and climate risk analytics platform. The partnership will provide commercial property underwriters and portfolio managers with additional data to assess wildfire exposure and support underwriting decisions in higher-risk markets.

Firms warned as WhatsApp chats used as evidence

09 Jun 2026, 12:33:39

Courts, regulators and employment tribunals increasingly treat off-channel comms as evidence. "What feels informal in the moment can quickly take on real weight once it is written down, shared or taken out of context," Hiscox warns.

CII backs wider reporting of non-financial misconduct

09 Jun 2026, 11:29:04

The Chartered Insurance Institute has called for greater public reporting of non-financial misconduct complaints, processes and outcomes across financial services, arguing that transparency could strengthen accountability and help drive cultural change. The professional body says regulation and guidance alone are unlikely to address harassment and bullying.

DARAG completes PTA with Ambra

08 Jun 2026, 17:24:48

Legacy acquirer DARAG Group has completed the transfer of a worldwide reinsurance portfolio from Ambra Versicherung AG, expanding its international legacy business.

Willis expands international property facility

08 Jun 2026, 13:37:22

Willis has expanded its international property facility, increasing follow capacity to US$60m per placement. The facility supports placements across primary and excess layers and is backed by an expanded panel of Lloyd’s syndicates.

Liberty launches new retail insurance proposition

08 Jun 2026, 10:56:20

Liberty has launched an insurance offering for medium-sized retail businesses in the UK and Ireland. The offering provides tailored insurance programmes for retail businesses, alongside access to underwriting, claims and risk engineering teams. Insureds will also receive risk management insights focused on issues specific to the retail sector.

Fidelis launches PVT consortium amid Middle East disruption

05 Jun 2026, 16:51:33

The Fidelis Partnership has launched a new consortium to deploy additional capacity into the war, terror and political violence market, responding to increased demand and market disruption linked to the Middle East conflict.

Hiscox joins ChatGPT advertising pilot in UK

05 Jun 2026, 16:35:26

Hiscox UK is taking part in an advertising pilot through agency partner Dentsu, as OpenAI expands its ChatGPT advertising programme in the UK. The pilot will allow Hiscox to examine how consumers may use AI tools to find information and services, including insurance, as users move away from traditional keyword searches.

Landmark Willis Re ruling redefines team hiring risks

05 Jun 2026, 09:16:06

A landmark High Court ruling has redrawn the lines between lawful recruitment and unlawful poaching across the insurance, financial services and professional services sectors, according to employment and partnership law specialist Fox and Partners. The case arose from Willis Re's recruitment of 22 employees from rival broker Guy Carpenter as part of its return to the reinsurance market.

SSP unveils product launch and MGAA membership move

04 Jun 2026, 16:57:39

SSP UK and Ireland has launched an artificial intelligence-enabled product configuration platform aimed at insurers and managing general agents, which it says can reduce insurance product build and launch times from months to days.

SLA exposure highlighted as major operational risk for datacentres

04 Jun 2026, 16:37:35

Service level agreement exposure is among the key operational risks facing datacentres, according to a new report from Parametrix. In its latest whitepaper An Introduction to Data Centre SLAs: Key Terms, Financial Risk and Underwriting Implications, the firm estimates that even short outages can create significant financial impact. For instance, it calculates that a 45-minute outage at a 100MW datacentre with US$144m in annual rent could result in a US$24m service credit loss.

Zurich expands datacentre offering

04 Jun 2026, 13:03:26

Zurich Insurance Group has expanded its Data Center Project Guard insurance offering into Brazil, Germany, Italy, the Nordics and Spain, with further international expansion planned throughout the remainder of 2026.

Convex secures FCA approval for Kinetic MGA

03 Jun 2026, 15:36:57

Convex Group has announced the launch of Kinetic Insurance Services, a wholly-owned managing general agency led by Theo Butt, former CEO of Convex Insurance UK Ltd. The MGA has received regulatory approval from the Financial Conduct Authority and is expected to begin trading in the fourth quarter of 2026.

Pro Global unveils European platform

03 Jun 2026, 12:38:13

Specialist insurance sector adviser Pro Global has launched a dedicated platform to help UK-based brokers establish and grow operations across Europe. Pro Broker Europe GmbH, which has secured Lloyd’s Europe accreditation, is designed to help firms manage the challenges of European expansion, including local regulatory requirements, governance frameworks and operational infrastructure.

Flood Re expands academy programme

03 Jun 2026, 09:52:52

Flood Re has launched a new online training module for loss adjusters and claims management professionals as part of efforts to increase the adoption of property flood resilience measures across the UK. Unveiled at the British Damage Management Association's annual conference in Nottingham, the initiative forms part of Flood Re's tenth anniversary Re-Think campaign.

WTW strengthens crypto protection offering through Redefind deal

02 Jun 2026, 17:34:34

WTW has acquired Redefind, an end-to-end web-based platform designed to facilitate access to insurance products for crypto and digital assets. The deal is intended to strengthen WTW’s offering for clients exposed to crypto ecosystems and tokenised asset environments.

PRA drops overseas insurance branch reporting overhaul

02 Jun 2026, 17:25:52

A planned regulatory change affecting overseas insurance branches in the London Market has been dropped after concerns were raised by the International Underwriting Association, in a move welcomed by the industry as preserving a proportionate supervisory regime.

CFC expands digital access to startup technology insurance

02 Jun 2026, 15:19:16

CFC has added startup technology insurance to its Connect platform, enabling UK brokers to quote and bind cover for early-stage and pre-revenue technology businesses digitally. The offering is aimed at a segment that can present underwriting challenges due to limited trading history and evolving risk profiles. Through Connect, CFC says brokers can obtain quotations and place cover within minutes.

Directors face growing concern over AI and geopolitical instability

01 Jun 2026, 17:29:40

Geopolitical instability and artificial intelligence risks are among the fastest-rising concerns for directors and officers worldwide, according to new research from Willis and Reed Smith. The survey found that 59% of directors and officers now view geopolitical risks as very important or extremely important, pushing the issue into the top seven global risks from 15th place last year.

New consortium targets AI infrastructure cargo risks

01 Jun 2026, 11:05:06

Navium Marine and cargo risk management firm Overhaul have launched a new insurance consortium focused on the transportation of AI infrastructure. Navium, which operates through The Fidelis Partnership's Pine Walk platform, will lead the facility with support from TFP's Syndicates 3123 and 2126, and participation from ten other Lloyd's syndicates.

El Niño could suppress 2026 Atlantic hurricane activity

29 May 2026, 15:37:44

Howden Re’s 2026 Pre-Season Hurricane Outlook has forecast a quieter-than-average Atlantic hurricane season following several years of elevated activity. Early forecasts from major meteorological agencies and research groups predict lower storm counts and reduced accumulated cyclone energy, largely due to the expected development of El Niño conditions during the peak of the season.

Activist pressure alters UK corporate risk landscape

29 May 2026, 10:24:24

Businesses in the UK are entering a new phase of activist-driven disruption, with security intelligence indicating the threat is intensifying and increasingly moving inside organisations. Analysis from Securitas Risk Intelligence shows activist activity has accelerated sharply over the past year.

Skyblu and Addresscloud develop pan-European wildfire model

28 May 2026, 08:19:43

Addresscloud has launched a pan-European wildfire risk model developed by Skyblu. The launch follows an increase in wildfire activity across the continent, with more than double the area burned in recent years compared with the early 2000s, increasing pressure on insurers to improve risk assessment and pricing.

New CyberHub service aims to tackle cyber threats and compliance

27 May 2026, 15:38:57

Hubtel IT has partnered with Konsileo Commercial Insurance to launch a combined cyber security and insurance package. The new CyberHub package bundles cyber security services with insurance cover, and is designed to help organisations strengthen resilience ahead of the proposed Cyber Security and Resilience Bill becoming law.