In January 2025, storms Goretti, Ingrid and Chandra combined to cause storm damage that saw the month account for almost three-quarters (73%) of total storm damage claims for the entire year, according to Paymentshield. The insurance provider said that in 2024, January was also a peak month for storm damage, accounting for 46% of the year’s total.

Bspoke Private Clients has announced that from 1st April this year, all new business and renewals will have increased limits of up to £15m per location following a capacity enhancement deal it has struck with Accelerant. Bspoke Private Clients said it had also increased its risk appetite.

Hiscox UK reported insurance contract written premium of approximately £710.1m for the year ended 31 December 2025. This was up 8.4% on the £637.5m achieved the previous year. Hiscox London Market announced insurance contract written premium of £922m (2024: £907.2m) and an undiscounted combined ratio 85.9% (2024: 88.6%).

Ageas Group has reported non-life inflows for 2025 of £6.58bn, up by 14.4% on the £5.75bn achieved the previous year. Its non-life combined ratio improved to 92.5% from 93.6%. The group achieved a net operating result of £1.43bn, up by 33% on the previous year.

Managing general agent Elitium, incubated by Mission Underwriters, has launched. It has a focus on providing commercial combined insurance for trades within the manufacturing sector and property cover for unoccupied residential and commercial properties. It is the tenth UK MGA in Mission’s stable.

The Financial Conduct Authority has set out its priorities for the insurance market for the year ahead and said it wants to be, “predictable, purposeful and proportionate” in the way it oversees the market. It said the Consumer Duty, communication, effective responses to customers and delivering what was promised were its focus.

Movo Partnership has struck a deal to give its members access to Quote Portal, which will enable them to complete full-cycle EDI trading with a panel of more than 30 insurers and managing general agents. The agreement will initially see Movo members get access to personal lines motor products.

Mony Group plc, the parent of MoneySuperMarket, has reported group revenue of £446.3m for the year ended 31 December 2025. This was up 2% on the previous year. It said profit after tax had nudged up 1% to £80.7m. In contrast, it announced that insurance revenue had dropped by 1% to £232.5m.

Alps has launched a motor breakdown policy for commercial heavy goods vehicles of over 7.5 tonnes. The managing general agent’s new product offers national coverage for drivers and their vehicles and provides roadside and depot assistance following an unexpected breakdown.

Mel Franke and Ciara Curran have acquired the book of business for Coversure Teddington from retiring franchisee Philip Macdonald. The duo are longstanding members of the team and have been at Coversure Teddington for nine and seven years respectively.

Lloyd’s re/insurance broker United Insurance Brokers has struck up a partnership with cyber risk and analytics specialist CyberCube to use its Broking Manager and Prep Module risk quantification tools. UIB said the deal would improve its ability to articulate risk to carriers and to enact the most appropriate placement strategies.

MoneySuperMarket has launched a ChatGBT app that enables users to search, generate and compare motor insurance quotes on the back of five questions. The comparison website, which is part of Mony Group, said the app offered a more conversational means by which users could find deals without leaving the chat.

QBE Group has agreed to divest its global trade and surety business to Swiss Re Corporate Solutions. QBE said the agreement did not include its French bonds business. The global trade and surety business operates across the UK and Australia Pacific and supports companies in managing the payment and performance risks attached to their accounts receivable income streams.

Managing general agent iSure, which is part of Rokstone, has launched a new excess layer professional indemnity facility. The facility offers A rated Lloyd’s capacity and enables iSure to provide total capacity of more than £5.5m across a range of professional risks. The excess layer facility deal builds on the primary layer capacity deal agreed with Great American International Insurance at the end of last year.

Specialist insurance provider CFC has launched a new marine kidnap and ransom solution aimed at offering greater protection for vessels and their crews facing renewed threats from maritime piracy.

Children with shortened life expectancies due to medical negligence can claim ‘lost years’ damages, overturning a 40-year-precedent. The 4-1 majority decision ensures that children are treated equally to adults in receiving compensation for net earnings they would have made, even without dependants.