Hiscox has appointed Peter Clarke as its chair designate. He will join the board on 1st June and succeed Colin Keogh as chair on 1st July. Clarke is a qualified solicitor and has served as both group chief financial officer and chief executive officer of Man Group. He has also been a non-executive director of Axa Investment Managers SA, Sainsbury's Bank Plc, and most recently served as chair of Lancashire Insurance Holdings Ltd.

Integra Insurance Solutions has agreed terms with Cavere Insurance to underwrite and handle claims for its home insurance product, which seeks to differentiate itself through enhanced cover levels and claims limits. Cavere also provides white label solutions.

Tokio Marine Holdings Inc has launched underwriting business Tokio Marine GX to offer insurance and risk management solutions to clients decarbonising their operations. It will offer cover of up to $500m and support businesses in multiple sectors ranging from renewable energy and conventional power to construction and industry.

The Association of British Insurers has updated its Salvage Code of Practice to reflect advancements in vehicle technology. The updated code was developed with input from the Motor Insurers’ Bureau and Thatcham Research. It provides more detailed guidance on vehicle categorisation and disputes processes, and reflects changes created by more sophisticated vehicle technologies.  

Hedron Network has launched a new suite of property insurance products to its partner brokers from specialist providers Vasek Insurance and Intasure. Vasek offers covers for landlords, unoccupied homes, holiday homes, non-standard home insurance and blocks of flats and apartments. Intasure specialises in holiday homes and offers a Brexit solution for policyholders in the EEA who have properties in the UK.

Tool supplier Toolstation has teamed up with digital broker Superscript to offer customers access to a range of covers including public liability insurance, employers liability insurance, contract works cover, tool insurance and accident and illness. Insurance is available via the Toolstation Club platform.

Chaucer is looking to develop its underwriting strategy for its renewable energy portfolio and create cross-class solutions that help clients achieve their energy transition goals. The carrier has appointed Jordan Ray as head of renewable energy and energy transition to lead this work. She will be based in London.

The Association of British Insurers has said its pet insurer members paid out £1.23bn in 2024. It said this was the third year in a row annual settlements had exceeded £1bn. The 2024 figure was up by 4% on the previous year and has more than doubled over the past decade. Claims for dogs accounted for £933m in 2024. Cats cost insurers £232m with £61m being paid out for claims relating to other animals.

In its latest outlook publication, the Financial Services Compensation Scheme has confirmed that general insurance brokers will not have to pay an annual levy for 2025/26. The levy for general insurers was confirmed at £85m, down from the £90m previously estimated. The FSCS said the total levy payable by firms for the 2025/26 financial year had decreased from £394m to £356m.

Ryan Specialty has snapped up managing general agent 360 Underwriting, which is based in Ireland and has a focus on construction sector risks. It was founded in 2017 by Paul Sherry and Tommy Byrne. Following the deal, it will become a part of the Ryan Specialty Underwriting Managers division of Ryan Specialty.

The Financial Conduct Authority is looking to streamline the complaints notification process for regulated firms and reduce the number of reports they have to complete. It is seeking to roll five forms into one and has published a consultation paper (CP25/13) detailing its proposed changes. The deadline to respond to this consultation is 24th July 2025.

Professional services and technology business Davies has secured new credit facilities of £275m from existing lender Blackstone Credit & Insurance. The funds will fuel its global merger and acquisition programme as it seeks to accelerate its growth strategy. Davies has completed more than 50 acquisitions in the past decade.

Specialist insurance provider CFC has extended its new Cyber Proactive Response coverage to specific products for the digital health, fintech, and technology sectors. The new wording includes proactive cyberattack prevention services, affirmative coverage for AI-related events and coverage for income or fee loss from lost or missed bids.

Policy Expert has teamed up with GoCardless to enable policyholders to pay monthly for their pet insurance. Managed through GoCardless’ direct debit payments, the arrangement allows Policy Expert to automate its payment collection services.

Marsh has established a dedicated datacentre insurance and risk management services team to cater for datacentre operators and related sectors such as construction, real estate and technology. It will provide risk management and insurance solutions to help operators safeguard their assets in this sector.

SafeWeb, which specialises in providing AI-powered cyber security services to small business has teamed up with Chubb to offering integrated insurance in its new proposition, SafeWeb Pro. Where eligible, small businesses will be able to access privacy liability insurance from Chubb, through digital broker Superscript.