The Broker Investment Group has snapped up a 70% majority stake in broker Magnet Insurance, which is based in Newark and controls around £3.5m in gross written premium. Magnet was established in 2008 and has a focus on non-standard homes such as thatched, unoccupied, listed or distressed risks.

Re/insurance broker BMS has confirmed it will relocate its London headquarters to 30 St Mary Axe – The Gherkin – from its existing location at One America Square. The move takes effect from 1st September.

The Association of British Insurers says UK motor carriers paid out £3.2bn in Q2 2026. It said the record figure was up by 5% on the previous quarter and was 7% higher than the same quarter last year. The average claim was £4,900, up by 4% on the previous quarter.

Managing general agent Amiga Specialty has agreed to acquire Volante International Limited’s professional indemnity renewal portfolio. The deal follows Volante’s Lloyd’s syndicate 1699 going into run-off earlier this year and offers continuity for existing policyholders and placing brokers.

Research from LexisNexis shows that the average age of vehicles on UK roads is rising while their value is falling. It says the average age of a vehicle has risen from 10 years in H2 2023 to around 10 years and 5 months in H2 2025. Over the same timeframe, average values have dropped by almost £1,000 to approximately £10,000.

Claims services provider McLarens has established a new sports and leisure offering in the UK and Ireland, which builds on its existing entertainment and contingency team and supports its ongoing sector-specific strategy.

The International Underwriting Authority has established a new group for cyber claims professionals in the London Market – the cyber claims committee. It will convene for the first time on 15th October and seeks to bring together senior cyber claim team leaders from both reinsurers and insurers.

Integra Insurance Solutions and Congregational Insurance Solutions have secured a four-year, £500m gross written premium capacity arrangement with Hadron across their respective home and church insurance programmes. The two managing general agents are part of the Integra Group.

Partners& has snapped up Bedford-based broker M&DH, which was established in 2002 and has a 70-strong team. It has a focus on construction and manufacturing risks as well as catering for a range of corporate and private clients.

London market technology firm PPL has launched a new tool – Service Benchmarks – to allow carriers to see their response time for firm orders and endorsements and to then compare their own service levels against the market average.

NatWest has teamed up with technology platform Uinsure to launch a new home insurance proposition that enables customers to secure a quote in under one minute from a panel of carriers. The insurance proposition is available to both customers and non-customers.

The Managing General Agents’ Association has named Padda Consulting as its new UK compliance and regulatory partner with the collaboration officially starting on 1st September. Padda will offer MGAA members support to ensure they remain informed and well positioned to navigate regulatory change.

The Lloyd’s Market Association has teamed up with the International Underwriting Association to create a cross-market resource that supports the professional development of claims professionals during their first two years in the London market. The Claims Capability Framework seeks to create a consistent foundation for claims practitioners across the market.

Aon has launched a new tool to help organisations understand and manage the risks that the use of AI creates within their operations. The tool is designed to provide a structured view of AI governance, maturity and risk exposure for organisations using AI.

The Financial Conduct Authority has set out its expectations for insurance firms with vertically integrated businesses models and highlighted the need to proactively manage whether their model supports good customer outcomes and effective regulatory supervision.

Research from the Financial Ombudsman Service shows that in the first quarter of 2026/27 (April to June) car and motorcycle insurance complaints rose to 4,100. The FOS says this is up from 4,000 in the previous quarter and from 2,800 during Q1 2025/26. Reasons for complaints, according to the FOS, range from concerns about claim values to policy cancellations and claim delays.