Europe’s financial institutions face a mounting array of regulatory demands in 2025 that have implications for their supporting insurers. These shifts not only impose new compliance burdens but also introduce significant operational risks that are reshaping the insurance needs of FIs across the continent.

Berkshire Hathaway Specialty Insurance has appointed Andrew Hopper as UK head of financial institutions, with Chris Nixon promoted to UK underwriting manager for executive and professional lines.

Beazley has launched a $50mn financial institutions-focused consortium known as Flex.

QBE has bolstered its European financial lines offering with the appointments of Simon Højmark as product manager for cyber and Patrick Seul as product manager management liability and financial institutions.

Westfield Specialty has acquired renewal rights for a portion of Intact Insurance’s financial institutions (FI) book and has hired Kevin Koehler and Chris Luca to underwrite the business,

IQUW has unveiled a new financial institutions wording for US clients that includes integrated cyber coverage.

Intact Insurance Specialty Solutions has parted ways with Kevin Koehler and Chris Luca, the two most senior underwriting executives in its financial institutions (FI) unit, after the carrier recently refined and refocused its appetite for the segment,

International General Insurance Holdings (IGI) has appointed Richard Taylor to its financial institutions (FI) team,

Liberty Specialty Markets’ financial institutions (FI) underwriting manager Samuel Adamson is set to join Aon’s specialty casualty reinsurance team,

WTW has named Brad Messinger as head of its financial institutions and professional services (FI&PS) industry division.

CAC Specialty has brought in Kenny Ross from Lockton as chief operating officer within its private equity practice.

Seasoned financial institutions (FI) broking executives Mark “Flip” Flippen and Natasha Kiemnec are working on a specialty retail brokerage called Lion Specialty, with the start-up targeting a 1 November launch initially focused on insurance company clients,

Aon has collaborated with a number of London market insurers to launch an insurance solution designed to address key operational risks for financial institutions (FIs).

Lockton has appointed Greg Spore US financial services markets leader, with the new recruit joining the business from Guy Carpenter where he most recently served as the reinsurance broker’s Financial Lines Center of Excellence leader.

Compliance-related claims for financial institutions are continuing to rise as the sector faces an increasing number of regulations around issues such as sanctions, data protection, cybersecurity and ESG, according to Allianz Global Corporate & Specialty (AGCS).