UK insurers face continued market pressures as PRA outlines 2026 priorities

In its 2026 regulatory priorities, the Prudential Regulation Authority (PRA) noted that UK insurers face an uncertain environment with heightened geopolitical tensions and heightened sovereign debt pressures, stressing the need to assess the impact on business models and ensure robust risk management, governance and controls, including for downside scenarios. The PRA’s 2026 priorities outline specific…

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Cowbell names Simon Hughes as Chief Commercial Officer

Cowbell, a provider of online and specialist insurance focused on small and medium-sized businesses, has appointed Simon Hughes as chief commercial officer. In his new role, Hughes will oversee Cowbell’s global commercial strategy, including distribution, partnerships, international expansion and market development. This appointment aligns with the next phase of Cowbell’s organizational journey, focused on continued…

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Circuit unveils real-time response system for crypto security with Lloyd’s backing

Digital asset infrastructure provider Circuit has launched Response, a real-time risk containment system for crypto asset custodians, exchanges and payment providers, designed to help curb the risk of cryptocurrency hacks. The launch follows Circuit’s completion of Cohort 14 of the Lloyd’s Labs Accelerator, as well as early-stage investment from Lloyd’s Central Fund. The company noted…

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AM Best assigns ratings to Bridgehaven’s new EU carrier

AM Best assigned Bridgehaven’s newly acquired wholly-owned subsidiary Bridgehaven Europe Specialty DAC (BES) a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent). As previously reported, Bridgehaven completed the acquisition and capitalization of BES (formerly SureStone Insurance DAC) on December 2 last year, after obtaining all necessary regulatory approvals….

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Expanding insurance coverage could strengthen societies and boost sustainability: WEF

Ludovic Subran, chief investment officer of Allianz Group, and Christian Kroll, visiting professor at the London School of Economics (LSE), emphasized in the World Economic Forum report that the insurance industry plays a central role in combating climate risks, economic instability and social inequality. The Forum noted that while skepticism about environmental, social and governance…

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WTW launches radar connector for databricks to simplify insurance analytics

WTW, an advisory, brokerage and solutions company, announced the launch of Databricks’ Radar Connector, enhancing its end-to-end insurance analytics and pricing platform. The new connector allows Radar users to securely connect to Databricks, eliminating manual data processing while speeding up analysis and improving data governance. With the new integration, Radar users can select Databricks as…

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Unitary joins BIBA bringing zero-integration automation to UK brokers

The British Insurance Brokers Association (BIBA) welcomes automation platform Unitary, experts in streamlining complex insurance workflows, as an associate member. This strategic move strengthens Unitary’s commitment to the UK brokerage community, following strong momentum in the managed general agency (MGA) sector and the successful launch of its insurance virtual agency product. As brokers increasingly seek…

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