Axa XL has strengthened its aviation team with the hire of the Fidelis Partnership’s head of airlines Abi Wilkins, The Insurer understands.

European insurers have welcomed the agreement reached by the International Association of Insurance Supervisors on its insurance capital standard project.

Shares in UK motor and home insurer Direct Line Group rose over 7 percent at the open on Friday after it announced a preliminary agreement to be acquired by Aviva following an increased bid of 275 pence a share.

Changes to the UK personal injury discount rate (PIDR) should be positive for the country's non-life insurers, AM Best has said, adding that the move should ease pressure on non-life underwriting results.

Beazley will remain Lloyd’s largest insurer in 2025 despite a more than £1bn ($1.28bn) contraction in Syndicate 3623's stamp capacity for the upcoming year of account, The Insurer can reveal.

UK motor insurer Direct Line Group has agreed to merge with Aviva after its larger rival increased its bid to 275 pence a share.

London-listed Sabre Insurance saw its shares tick up modestly in trading on Thursday after the UK motor insurer unveiled new targets to investors, which includes an ambition to grow profit by around 10 percent per year in the period to 2030.

Fitch Ratings has affirmed its neutral outlook for the European insurance sector for 2025, reflecting operational and business conditions, disciplined pricing, easing inflation and moderating P&C premium rates.

Berenberg has lifted its share price target for London-listed Direct Line Group by more than 25 percent on the back of expectations that the insurer could see further takeover advances from Aviva and Ageas.

Price Forbes has strengthened its motor fleet team with the appointment of Mike O'Mahoney as director, with a particular focus on the UK commercial fleet sector.

Antares Global Management has unveiled a raft of senior leadership appointments within its new commercial division, which was formed last month following a restructure of its underwriting operations.

The London insurance market is abuzz following the launch of a trio of UK government consultations, with the moves heralded as a significant step forward for the industry.

BMS has bolstered its energy practice with a trio of London-based appointments.

Fortegra has been handed approval by the Prudential Regulation Authority (PRA) to establish Fortegra Insurance Company UK, its new subsidiary in the United Kingdom.

Gallagher has named Mark Kerry as regional managing director for Scotland and Northern Ireland as part of a series of leadership appointments in its UK and Ireland retail division.