Lloyd’s has reported a profit of £3.5bn for H1 2026. This was down from the £4.2bn achieved in the same period last year. Gross written premium rose from £32.5bn to £34.7bn while the market’s combined ratio improved from 92.5% to 90.8%.
Partners& has acquired Borehamwood-based broker Chaseside Insurance Solutions. The broker has a 5-strong team that supports a broad range of commercial clients in sectors including manufacturing, retail, leisure, media, IT and professional services. It also works with private clients.
Simply Business has inked a six-year partnership agreement with premium finance provider, Premium Credit. The deal builds on an existing relationship that dates back to 2017. Simply Business specialises in providing cover to small business and landlord clients.
Tower Insurance Brokers, which secured backing from private credit investor TDC last year, has acquired Wilmslow-based broker Riskworks, which controls gross written premium of around £5m. The deal takes Tower’s GWP to more than £40m.
Renovation Underwriting has implemented an application process that lets brokers place private client risks with a premium of less than £3,000 through its underwriting portal. Those that meet the criteria will be priced and bound immediately, while those that do not will be referred for manual review.
Underwriting agency Verve Risk Services has launched Verve Financial Institutions, which will offer financial lines products covering banks, stock exchanges, alternative lenders and asset managers for SME to mid-market financial institutions. It is backed fully by Lloyd’s capacity.
Scott Allen has launched a Coversure Insurance Services office in Yeovil. Allen has been an insurance broker for more than a decade. He says the new business will support both personal and commercial clients across Somerset.
Homeprotect, which is part of Avantia Group, has announced that Accredited Insurance (UK) Limited will become a co-insurer for the provider, joining Axa UK, which has a longstanding capacity arrangement with Homeprotect. Under the agreement, Axa will retain an 80% share of the book of business.
Managing general agent NBS Underwriting has launched a thatched home insurance product and says the move reflects broker demand for increased choice in this specialised sector of the non-standard home insurance market. The product is initially available through a limited number of NBS Underwriting’s broker partners.
The British Insurance Brokers Association has announced that members can now apply for a place on the first course run by the BIBA and Markel AI Academy. The two days of practical learning will take place on the 14th and 15th of October at Markel’s offices in Leeds.
Pinpoint UK Solutions Ltd, which is AM Specialty Insurance Group’s UK-based managing general agent, has implemented Quotech’s underwriting platform, Risque. Initially, it will be used to support its UK commercial property business.
Ageas saw its UK inflows in H1 2026 hit £1.2bn, up by 72% on the £725m reported for the same period last year. The jump follows the acquisitions of Esure and Saga’s underwriting business, Acromas Insurance Company Limited.
Aviva has added terrorism cover as standard to certain digitally traded SME products. The additional cover will apply to risks in Great Britain that have cover for property / material damage and where the combined property damage and business interruption sum insured is less than £10m.
Coversure Hull Group has consolidated its Cleethorpes and Peterborough operations into its Hull headquarters. It says the move is in response to growing demand and that it wants to create a centralised hub for commercial and property clients that will support its bid to double annual turnover from £10m to £20m by 2031.
London market digital strategy consultancy Mojio and Co has secured licensed Integrator partner status with Acord Solutions Group. Marek Baldy founded Mojio, which helps clients integrate with market infrastructure in areas such as bureau services, placing platforms and digital submission intake processes.
Managing general agent Pen Underwriting has struck a capacity deal with Hadron UK Insurance Company Limited that will enable it to write an additional £50m in gross written premium over the next three years. The agreement comes into effect on 1st September 2026.
The volume of cyber claims made by small and medium-sized enterprises during 2025 fell to a five-year low, according to insurer Chubb’s 2026 Cyber Claims Report. But the research also says the value of a claim has tripled between 2020 and 2025.
Pinpoint UK adopts Quotech’s underwriting platform
BIBA and Markel academy accepts first applications
Ageas acquisitions power H1 performance in UK
NBS to offer cover for thatched homes
New Coversure office opens in Southwest
Renovation Underwriting offers new route to put clients on risk
Tower targets £100m GWP and completes acquisition
Broker consolidates in push to double turnover by 2031
Aviva adds terrorism cover to digital SME products
Mojio becomes accredited Acord Solutions partner
Simply Business and Premium Credit renew partnership
Partners& adds Chaseside Insurance Solutions to its stable
Lloyd’s H1 GWP up but profits down
Verve Risk Services launches financial institutions team
Accredited joins Axa on Homeprotect panel