Insurers news
6 stories on insurers, newest first. Every story is dated and cites its sources.
- December 2025
Administrators to stop all Premier Insurance policies
Administrators of the failed Gibraltar-based insurer Premier Insurance plan to stop all remaining policies on 1 December 2025, leaving thousands of mainly motor customers needing new cover.
HSBC Life (UK) Limited acquired by Chesnara plc and renamed Chesnara Life (UK) Ltd
HSBC Life (UK) Limited has been bought by Chesnara plc and renamed Chesnara Life (UK) Ltd, with policyholders and advisers notified by letter or email during December 2025 and January 2026.
- January 2025
Insurers paid record £585m for weather damage in 2024
Insurers paid a record £585m in 2024 for weather-related damage to homes and possessions, according to Association of British Insurers data cited by Which?, with a further £322m paid in the first half of 2025.
- November 2024
FCA review finds long delays in life insurance payouts
The Financial Conduct Authority's review of 15 life insurers covering more than 75% of the market found significant delays and inconsistencies in bereavement claims handling, with term insurance claims taking 53 to 122 days.
- October 2024
ABI publishes lost pension pot statistics
The Association of British Insurers has put the number of lost pension pots in the UK at 3.3 million, with each one worth an average of £9,470, figures dated October 2024.
- January 2022
FCA General Insurance Pricing Rules come into force
The Financial Conduct Authority's general insurance pricing rules took effect on 1 January 2022, requiring insurers to charge new and existing home and motor customers the same price.