Aon has reported revenue of approximately £3.5bn for Q1 2025. This is up by 16% on the same period the previous year and by 5% in terms of the organic growth delivered. Aon’s commercial risk division delivered total revenue of £1.5bn in Q1 29025, up from £1.4bn posted in the same quarter last year.

MAPFRE has reported premium income of approximately £7.3bn for the first quarter of 2025, up by 8.1% on the same period the previous year. Non-life premium income was £5.8bn, up by 9.8%. The insurer said its general property and casualty combined ratio deteriorated by 0.7 percentage points to 84.2%, while its motor business saw an improvement of six percentage points and posted a combined ratio of 99.3%. The carrier achieved a profit of £236m for the quarter.

Probitas has announced that its chief executive officer Ash Bathia and its managing director Nick Bacon will retire from their respective roles on 31st July 2025. The news follows Aviva’s acquisition of the Lloyd’s carrier in July 2024. They helped transform Probitas from a start-up syndicate with four employees to one that controls around £400m in gross written premium. Bathia and Bacon will remain part of the business in an executive advisory capacity.

Marsh’s latest Global Insurance Market Index recorded a 3% fall in global commercial insurance rates in Q1 2025. This follows the 2% dip in Q4 2024 and is the third consecutive quarterly fall after seven years of rising rates. In the UK, rates were down by 6%. Marsh said the softening market was due to increased capacity from both new entrants and existing providers.

Broker Galahad Risk Solutions has teamed up with cyber risk analytics specialist CyberCube to enable SME and mid-market clients to get a better understanding of their cyber risk exposure. Galahad Risk Solutions will use CyberCube’s Broking Manager and Prep Module solutions to support clients end to enable them to understand and quantify the potential impact of a cyber event.

A diagnosis of progressive Multiple Sclerosis has forced Nick Tye (pictured), CEO of Carbon Underwriting to make the decision to retire from the business he co-founded in 2018. One of his fellow co-founders and current chief underwriting officer Jacqui Ferrier has been appointed CEO. The third co-founder Ben Laidlaw will continue in his role as managing director.

The Insurance Development Forum has made a suite of climate and disaster risk modelling tools available for free on its website. The tools were developed with funding provided by IDF industry members AIG, Aon, AXA, Convex Insurance, Guy Carpenter, Howden, RenaissanceRe, SCOR and WTW. The eight available tools were developed in partnership with Oasis and Maximum Information.

Three of JMG Group’s firms - GS Group, Greenwood Moreland, and Lighthouse Risk Services – have added new businesses to their operations. GS Group has acquired Scottish broker W K Insurance; Greenwood Moreland has acquired York-based UKI Direct; and Lighthouse has acquired Leeds-based TSE Solutions Ltd.

Global Parametrics, which is part of CelsiusPro Group, has signed a deal to become coverholder to Canopius Lloyd’s Syndicate 4444 and will build a global portfolio of parametric business for Canopius under a binding authority agreement. Initially, Global Parametrics will focus on providing cover for perils such as tropical cyclone, earthquake, flood, and excess rainfall.

Demand for marine war cover has driven managing general agent Amphitrite Underwriting London to secure additional Lloyd’s capacity of approximately £30m and enable it to provide more options and broaden the reach of the available cover. Coverage includes physical loss or damage to the vessel caused by a war peril, loss of hire/earnings as a result of a war peril and drugs seizure cover for innocent owners and operators.

A £1.2m compensation claim against insurance provider 1st Central has been dismissed. The claimant said he had suffered injury and psychological trauma following a motor accident and although he was awarded damages the claim was dismissed under Section 57 of the Criminal Justice and Courts Act 2015. A subsequent claim for £1.2m in compensation for lifelong damages was dismissed, leaving the claimant to cover 1st Central’s legal bill of £100,000.

Admiral Group plc has struck an agreement with investment firm JC Flowers & Co to sell its US motor insurance business, including Elephant Insurance Company and Elephant Insurance Services. The deal is subject to regulatory approval and is expected to close in the final quarter of the year.

To support an increase in new business in Scotland, Ecclesiastical Insurance has opened a new regional office in Glasgow and has recruited two new employees to double the size of its team north of the border. The office opens on 24th April and will form part of Ecclesiastical’s northern region, led by regional director Andy Williamson.

Cover for unoccupied homes and those at risk of flooding top the growing demand from brokers for non-standard products in the home and motor segments, according to Prestige Underwriting. The managing general agent said its latest broker survey found there had also been a rise in broker demand for cover for high performance vehicles and properties at risk of subsidence.

Axa UK has warned of a spike in the number of empty commercial properties being targeted by criminals. The insurer said it had experienced a jump in criminal activity in the past three months, building on an underlying trend of increased criminality over the past five years. It cited fly tipping, vandalism and theft as the main issues.

Alan Boswell Group has acquired East Suffolk commercial brokerage Andrew Thompson & Associates. The deal adds to the two Norfolk-based brokers acquired in 2024. Andrew Thompson & Associates was established in 2010 and its team and its premises will be retained and integrated into Alan Boswell Group.