Enstar enters into adverse development cover reinsurance agreement with Markel
Enstar Group's subsidiary Cavello Bay Reinsurance has agreed an adverse development cover with Markel Insurance covering $4.8bn of reserves.
Reinsurance NewsEdition · 2026-10-29
Earlier developments, kept in their dated editions. Nothing here is presented as today’s news.
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48 reports
Healey’s budget paves way for brutal spending review, warns IFS
The Institute for Fiscal Studies has warned that Chancellor John Healey's budget leaves a £28bn shortfall, setting up potential real-terms cuts and tax rise speculation next year.
The Guardian BusinessUK government avoids major tax or spending commitments in 'breathing space budget'
The Institute for Fiscal Studies confirmed the latest budget contained no major fiscal flaws following an autumn statement focused entirely on small-scale personal finance interventions.
The Guardian BusinessSurety wins £3.5M indemnity fight as High Court rejects authority challenge
The High Court has ordered Shapoorji Pallonji Mideast to pay a £3.5 million indemnity after dismissing arguments that the corporate signatory lacked authority.
Insurance Business UKBereaved families exempt from tax on delayed civil service pensions
The government has removed a two-year deadline for tax-free lump sum death benefits following administrative backlogs.
BBC BusinessThe Pensions Regulator publishes artificial intelligence guidance for schemes
The Pensions Regulator has released a new framework outlining seven principles for trustees and scheme managers on deploying artificial intelligence.
Professional PensionsChancellor Healey announces £65bn in additional borrowing in autumn fiscal statement
Chancellor Healey has set out £65bn of extra borrowing over five years in a targeted fiscal statement designed to avoid market disruption.
BBC BusinessFCA warns consumers over unauthorised firm www.hedgemarksecuritiesllc.com
The Financial Conduct Authority has issued a warning against www.hedgemarksecuritiesllc.com for providing financial services without authorisation.
Financial Conduct AuthorityEuropean Central Bank holds interest rates steady at 2.5%
The European Central Bank has kept its three key interest rates unchanged following a similar decision by the US Federal Reserve.
Investment WeekChancellor raises machine games duty on slot machines to 25% in budget
Chancellor John Healey has increased machine games duty from 20% to 25% in his budget, targeting adult gaming centres and bookmakers.
The Guardian BusinessBlackRock launches European investment grade and high yield active ETFs
BlackRock has introduced two actively managed fixed income UCITS exchange-traded funds targeting European investment grade and high yield credit.
Investment WeekSouth West businesses and mortgage lenders react to Autumn Budget announcements
Regional business leaders and mortgage providers in Devon and Cornwall have shared mixed responses to the Chancellor's first Budget measures.
BBC BusinessChancellor delivers inaugural Budget with limited changes for pensions
Chancellor John Healey's first Autumn Budget has proved relatively quiet for pensions ahead of major reforms coming into force.
Professional PensionsAXA Insurance UK joins Pool Re SME Incentive Scheme to embed terrorism cover
AXA Insurance UK has joined Pool Re's SME Incentive Scheme to incorporate terrorism protection as standard into selected digital SME insurance products.
Reinsurance NewsFidelity International appoints Fabien Collado to London fixed income team
Fidelity International has hired Fabien Collado as a portfolio manager in its investment grade fixed income team in London.
Investment WeekBarclays seeks insurer backing for over $10bn of AI infrastructure debt
Barclays Plc is exploring options to buy credit risk protection on more than $10 billion of debt used to finance artificial intelligence infrastructure.
Insurance JournalWTW risk and broking arm returns to 5% organic growth in third quarter
WTW reported a rebound in its risk and broking segment alongside higher group revenue and increased cash flow.
Insurance Business UKAmundi posts €45.6bn in quarterly net inflows and 11% AUM rise
Amundi reported net inflows of €45.6bn and an 11% year-on-year increase in assets under management for the third quarter.
Investment WeekThe Pensions Regulator issues AI guidance for pension scheme trustees
The Pensions Regulator has published new guidance to help trustees of pension schemes safely explore artificial intelligence opportunities and manage associated risks.
The Pensions RegulatorTreasury committee asks FCA to probe pre-budget bank surcharge leak
The chair of the Commons Treasury select committee has asked the FCA and Treasury to investigate whether a pre-budget news report constituted an improper release of inside information.
The Guardian BankingImpax Asset Management expands listed equities team with two appointments
Impax Asset Management has appointed Sebastien Bidault and Paul Byrne to its listed equities team.
Investment WeekFCA warns public over LW Management Clone firm
The Financial Conduct Authority has issued a warning regarding an unauthorised clone firm operating under the name LW Management.
Financial Conduct AuthorityMS Amlin launches AI-powered tool to speed up policy wordings
Lloyd’s carrier MS Amlin is introducing an artificial intelligence tool designed to reduce contract review times for renewals.
Commercial RiskFCA secures High Court order to stop HTX crypto promotions
The Financial Conduct Authority has obtained a High Court order preventing global crypto exchange HTX from promoting services to UK consumers.
Investment WeekLloyds executive criticises chancellor over linking bank tax rises to energy support
William Chalmers has warned the government against extending the higher bank levy beyond March 2028 and questioned tying bank taxes to household energy bills.
The Guardian BankingPASA launches career development toolkit for pensions administration
The Pensions Administration Standards Association has released a new resource aimed at supporting growth across pensions administration careers.
Professional PensionsPension scam warning flags reach record high in September, XPS finds
Research from XPS Group shows that 99 percent of pension transfer cases reviewed by its Scam Protection Service in September raised at least one scam warning flag.
Professional PensionsAfrica's insurance protection gap driven partly by data shortages, report shows
The Africa Insurance Pulse 2026 highlights that high-quality data is critical to the market's evolution, as insurers navigate incomplete information across the continent.
Insurance Business UKMarkel reports 55% surge in underwriting profit for the first nine months
Markel Group posted a 92% combined ratio and an increased underwriting profit for the first nine months of the year, supported by disciplined specialty insurance operations.
Insurance Business UKHM Revenue & Customs introduces technical changes ahead of 2027 pension IHT rules
The government is adding two amendments to upcoming rules that bring unused pension funds and death benefits into the scope of inheritance tax.
Professional PensionsAviva research shows UK manufacturers face weekly unplanned downtime
New research from Aviva reveals that 84% of small and mid-sized UK manufacturers experience unplanned downtime at least once a month.
Insurance Business UKCFC executive highlights small business challenge in cyber insurance
Reaching small businesses remains an unsolved challenge across the cyber insurance market despite growth in specialist UK broker distribution.
Insurance Business UKAXIS Capital reports higher Q3 premiums as acquisition costs widen
According to Insurance Business, aXIS Capital posted an 11% rise in reinsurance premiums and a 13% increase in insurance gross premiums written for the third quarter of 2026, alongside higher acquisition and catastrophe costs.
Insurance Business UKSt James's Place reaches record £242.4bn FUM as Q3 net flows slow
According to Investment Week, st James's Place reported funds under management of £242.4bn for the third quarter of 2026, alongside net flows of £570m.
Investment WeekLGT Capital Partners names Sascha Gruber as chief executive
According to Investment Week, sascha Gruber will take over as chief executive of LGT Capital Partners from January 2027.
Investment WeekBudget 2026 leaves UK facing higher energy bills, says Resolution Foundation
According to The Guardian, chancellor John Healey's first budget has been criticized by the Resolution Foundation for failing to adequately target support as households face rising costs.
The Guardian MoneyEverest adds US$253 million to casualty reserves and cuts premium volume
According to Insurance Business, the reinsurer reported net adverse development in its third quarter as it continues to manage exposure to US liability risks.
Insurance Business UKChancellor outlines devolution plans in first budget
According to The Guardian, the budget details plans to devolve income tax receipts and business rates to mayors, though questions remain over areas excluded from the proposals.
The Guardian BusinessRetail and hospitality businesses react to business rates and minimum wage measures in Chancellor John Healey's first budget
According to The Guardian, high street operators and hospitality firms have given a mixed response to the Chancellor's budget, welcoming targeted business rates relief while warning that ongoing labour costs and tax pressures remain heavy.
The Guardian BusinessGrim CTE numbers raise the stakes for UK sport's insurers
According to Insurance Business, a new US study estimating high CTE prevalence among professional football players arrives as UK insurers face major litigation involving former rugby players.
Insurance Business UKJAB completes Utmost deal as overseas capital reshapes UK pension market
According to Insurance Business, miami-based JAB Insurance has closed its acquisition of Utmost Life and Pensions, entering the UK bulk purchase annuity market as part of a wider wave of overseas consolidation.
Insurance Business UKUS congressional investigation highlights gaps in federal response to global cyber scams
According to Insurance Journal, a Joint Economic Committee report finds that US government efforts against international scam compounds remain fragmented, with limited data on asset recovery.
Insurance JournalGuardian readers share personal financial pressures following Budget 2026
According to The Guardian, readers across the UK, from young workers to pensioners, detail how recent tax, housing and energy announcements impact their household budgets.
The Guardian MoneyDatabarracks wargames find crisis teams excel at communications but lag in technical cyber recovery
According to Insurance Business, research from business continuity firm Databarracks reveals that organisational crisis teams score significantly higher on governance than on technical containment and clean restoration.
Insurance Business UKCullum-backed MBP takes minority stake in rural broker Caleb Roberts
According to Insurance Business, minority Broker Partnerships has acquired a minority stake in agricultural specialist Caleb Roberts Insurance Services to support its growth plans.
Insurance Business UKCII signs agreement to build Rwanda’s insurance skills
According to Insurance Business, the Chartered Insurance Institute has signed a memorandum of understanding with the Association of Insurers in Rwanda to develop professional standards and certification pathways.
Insurance Business UKDatabarracks wargames highlight gap between cyber communications and technical recovery
According to Insurance Business, research from business continuity firm Databarracks shows corporate crisis teams score significantly higher on governance and communications than on technical cyber recovery.
Insurance Business UKAllianz UK adds hotels and restaurants to Commercial Select policy
According to Insurance Business, allianz UK has launched a hotels and restaurants proposition under its Commercial Select policy, offering sector-specific cover for businesses with a turnover between £10 million and £1.5 billion.
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