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News

Insurance Business
insurancebusinessmag.com > uk > news > auto-motor > nats-chaos-leaves-travel-insurance-gaps-exposed-589554.aspx

NATS chaos leaves travel insurance gaps exposed

9+ hour, 46+ min ago   (419+ words) More than 330,000 passengers were affected by the National Air Traffic Services failure that disrupted UK aviation on September 8 and 9, according to trade body Airlines UK, which put the breakdown at over 155,000 passengers facing cancelled flights and around 180,000 experiencing delays. That…...

Google News
insurancebusinessmag.com > au > news > breaking-news > asic-confirms-investigation-into-collapsed-sphere-insurance-group-589314.aspx

ASIC confirms investigation into collapsed Sphere Insurance Group

4+ day, 5+ hour ago   (374+ words) "ASIC can confirm that it has commenced an investigation and has engaged with the liquidator in connection with that investigation," an ASIC spokesperson told Insurance Business. Read next: ASIC issues warning to AFS licensees ASIC declined to say whether it…...

Insurance Business
insurancebusinessmag.com > uk > news > breaking-news > trench-death-fines-highlight-where-insurance-can--and-cant--help-construction-firms-589260.aspx

Trench death fines highlight where insurance can — and can't — help construction firms

4+ day, 9+ hour ago   (646+ words) Two construction companies have been fined more than £1 million, following the death of Gheorghita Arsene, who was fatally crushed when a deep trench collapsed on top of him at a construction site in Banstead, Surry, in June 2020. Appledorn Developments and…...

Insurance Business
insurancebusinessmag.com > au > news > breaking-news > a-joint-broker-nomination-breaks-new-ground-at-nibas-community-award-588995.aspx

A joint broker nomination breaks new ground at NIBA’s community award

6+ day, 2+ hour ago   (553+ words) The National Insurance Brokers Association (NIBA) has named four finalists – across three entries – for its 2026 Community Excellence Member of the Year award, partnered with Liberty. For the first time, the field includes a joint nomination: Lisa Carter of Clear Insurance…...

Insurance Business
insurancebusinessmag.com > uk > news > property-insurance > uk-subsidence-claims-hit-record-as-hottest-summer-leaves-lasting-damage-588872.aspx

UK subsidence claims hit record as hottest summer leaves lasting damage

1+ week, 5+ hour ago   (384+ words) Subsidence claims in August hit their highest monthly level on record at Hastings Direct, the Guardian reported. Volumes were almost 140% higher than in the same month last year. The surge follows five heatwaves layered on the warmest spring ever recorded…...

intelligentinsurer.com
intelligentinsurer.com > tower-targets-100m-gwp-after-first-acquisition-more-deals-to-come

Tower targets £100m GWP after first acquisition, more deals to come

1+ week, 4+ day ago   (265+ words) intelligentinsurer.com - Tower targets £100m GWP after first acquisition, more deals to come Tower Insurance Brokers has launched a buy-and-build strategy targeting £75 million to £100 million in gross written premium (GWP) after completing its first acquisition, with further UK opportunities under consideration....

Insurance Business
insurancebusinessmag.com > uk > news > mergers-acquisitions > lancashire-broker-tower-buys-cheshire-rival-in-push-toward-100-million-588318.aspx

Lancashire broker Tower buys Cheshire rival in push toward £100 million

1+ week, 5+ day ago   (385+ words) A Fylde Coast insurance broker has completed its first acquisition since taking on private credit backing, with an ambition to become a much bigger national player over the next few years. Riskworks has been trading in Wilmslow for well over…...

Insurance Business
insurancebusinessmag.com > us > news > breaking-news > northern-re-crosses-1-billion-in-premium-after-growing-capital-588246.aspx

Northern Re crosses $1 billion in premium after growing capital

1+ week, 5+ day ago   (442+ words) Northern Re has surpassed $1 billion in in-force premium as it closes its fourth underwriting year, according to the New York and Cayman Islands-based reinsurer, which launched on January 1, 2023, focused on high-frequency, low-severity property and casualty portfolios. Since inception, the company…...

Insurance Asia
insuranceasia.com > insurance > news > fwd-profit-triples-record-172m-in-h1-2026

FWD profit triples to record $172m in H1 2026

2+ week, 5+ day ago   (256+ words) All four reportable segments contributed positively during the six-month period. FWD Group’s net profit after tax reached $172m for the six months ended 30 June 2026 (H1 2026), a three-fold increase on the first half of 2025 and a record result for the group. It also…...

@GlobesEnglish
en.globes.co.il > en > article-phoenix-financials-asset-management-business-grows-rapidly-1001553324

Phoenix Financial's asset management business grows rapidly

2+ week, 6+ day ago   (356+ words) Phoenix Financial (TASE: PHOE), Israel’s largest insurance company, posted a comprehensive profit of NIS 872 million for the second quarter of 2026, 6% lower than in the corresponding quarter of 2025. Capital market activity was weaker than in the corresponding quarter. The company’s annualized…...