Seventeen Group has acquired Sovereign Insurance Services, which is a Gibraltar-based broker. The deal boosts Seventeen’s presence in the market and complements its acquisition of Senate Insurance Brokers earlier this year.

The British Insurance Brokers’ Association has named Acrisure UK as the provider of its latent defects insurance scheme. Acrisure UK’s specialist construction team will provide BIBA members with access to cover for residential and commercial developments across the UK.

In 2025, insurers weeded out fraudulent claims with a combined value of £1.34bn, according to the Association of British Insurers. This was up by 14% on the £1.18bn detected in the previous year. The average value for each claim reached £14,300, second only to the £14,600 recorded in 2022.

Oak Global has secured Lloyd’s approval to launch Oak Partnerships, which will provide capacity to underwriting partners for multi-class insurance risk portfolios. The first risks will incept from 1st January 2027 and capacity for the new proposition will come from Oak Syndicate 1440.

Wholesale broking operation Link2Market has launched to provide brokers with access to Lloyd’s and London market capacity for non-standard and challenging property and casualty risks. Lewis Skelt leads the proposition. He was previously at Incepta Risk Management, part of the Howden Group.

At the end of Q3, motor insurance premiums were 2.7% higher than they were at the same time last year. This is the first year-on-year rise since 2023, according to the data which comes from the latest Defaqto market pricing motor insurance price index.

Chartered insurer broker Konsileo, which was founded in 2017, has raised £5m through an equity investment led by existing shareholders Committed Capital and ACF Investors. The businesses places policies with a combined annual premium of £85m.

Axa XL’s UK and Lloyd’s division has struck a deal with Gecko Risk, which operates an electric vehicle and new energy vehicle data platform. The partnership will give Axa XL access to detailed EV risk profiles, enabling it to develop its own proposition more effectively.

Investor BP Marsh and Partners Plc, which has a focus on early-stage financial services businesses, has acquired a 30% stake in Dauntless U/W Limited, which is a London market underwriting agency specialising in marine hull insurance.

Insurance provider rrelentless has entered the haulage sector with a fleet proposition backed by Zurich and supported by legal services firm Backhouse Jones. The new venture adds to the cyber and management liability propositions launched since rrelentless began trading in 2024.

MarshBerry says the 18 merger and acquisition deals announced in Q3 in the UK insurance distribution sector make it the quietest quarter by volume since Q2 2020. In the year to date, there have been 60 announced transactions, which is down by 22% on the 77 announced by the end of Q3 last year.

Insurance provider CFC has launched a suite of enhancements to its cyber proactive response product that seek to address the changing nature of cyber exposures facing businesses and their executives. The overhaul improves personal protections for executives, boosts the affirmative AI cover provided and extends the indemnity period for business interruption claims.

Insurtech Indemni, which provides a cargo risk management and insurance platform, has become an approved Lloyd’s coverholder. It is sponsored by Chaucer Syndicate 1084 and has additional capacity backing from Aviva, Atrium, Blenheim and Talbot. In 2024, Indemni was a participant in the 13th cohort of the Lloyd’s Lab innovation programme.

ANV Group Holdings Ltd has acquired managing general agent Assured Underwriting Group Limited, which provides insurance-backed financial protection to tour operators and other firms in the travel sector. The deal has received the requisite regulatory approvals.

The Lloyd’s Market Association and the International Underwriting Association have expanded their job simulation programme to give newcomers to the London market a better idea of what to expect when researching a possible role in this part of the insurance sector.

Managing general agent Alps has extended its pothole add-on policy to include fleets as well as hire and reward vehicles. The policy first came to market in April this year and was launched in response to rising damage to vehicles from potholes.