Zurich has welcomed proposals for a new UK regulatory framework for captive insurance, saying the regime “has the potential to strengthen the UK's position as a leading global insurance centre”. As the consultation window closes, Zurich is submitting a formal response to regulators, supporting efforts to establish a proportionate and competitive regime.

Flood Re has announced plans to develop BeFloodReady into a national platform providing information, guidance and support on flood resilience across the UK. The initiative follows Flood Re’s acquisition of the BeFloodReady brand from Cornwall Council. The brand originated as an Environment Agency Pathfinder project.

Belfor UK is expanding its operational capacity and specialist services to support growth into 2027, following a strong financial performance in 2025. The property reinstatement and recovery company is investing in people, technology, equipment and operational infrastructure, with plans to strengthen asbestos management, leak detection and services for the small and medium-sized enterprise market.

Commercial property insurer FM has expanded its alternative risk transfer offering, introducing parametric insurance, structured risk solutions and captive cell solutions to complement traditional property cover

In July, the Government published its AI strategy for insurance. This is an ambitious task: adopting new technology is remarkably difficult. Research from Boston Consulting Group suggests that some 70% of technology projects fail to meet their objectives, and yet only a small proportion of AI investment (3 to 6%, according to analysis of data produced by Deloitte) is directed towards employee training and AI literacy.

At a recent Institute of Risk Management roundtable with a delegation from the British Malaysian Chamber of Commerce, we discussed human capital and people risk, followed by cyber and AI. During the conversation, I suggested that, increasingly, these are not separate subjects at all. AI risk is people risk.