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News
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…...
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…...
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…...
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…...
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…...
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....
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…...
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…...
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…...
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…...