A further fall in premiums for lifetime pet insurance policies by an average of 0.8% in June 2025 has deepened the annual decline to 2.6% according to figures from pricing consultants Pearson Ham. It is the second consecutive month of falling premiums and builds on May’s modest reduction.
The ABI's Fire Safety Reinsurance Facility has been expanded so that participating firms can now cover losses up to £75m. When it was first launched in April 2024, the facility helped insurers provide £50m of cover for high-risk multi occupancy buildings with fire safety issues.