Insurance Times rounds up the top five stories making headlines across the market from 9 to 13 February 2026
This week’s top story broke the M&A mold, turning instead to artificial intelligence (AI), as OpenAI approved the first AI application from an insurance provider on ChatGPT.
Developed by Spainish digital insurer Tuio, the move means that, for the first time, an insurance provider can distribute its products and offer quotes directly inside an AI platform.
In London market news, a City AM report suggested that insurance marketplace Lloyd’s has ”quietly shelved” Blueprint Two and ”disbanded” the team responsible for market engagement at the end of 2025.
When approached for comment by Insurance Times about the City AM report, a Lloyd’s spokesperson said: ”Lloyd’s remains absolutely committed to supporting the re-platforming of the market to a resilient, cloud-based operational infrastructure”.
It would not be a weekly round up without M&A to add to the list and it was announced that AIG had completed the acquisitions of minority ownership stakes in Convex Group and Onex Corporation.
In this deal, AIG has acquired a 35% equity interest in Convex for approximately $2.1bn (£1.6bn) and a 9.9% ownership stake in Onex for around $642m (£490m).
AIG chairman chief executive Peter Zaffino said that the acquisition will ”be accretive to AIG’s earnings and return on equity in 2026 and in future years”.
Another M&A story in the mix – Admiral has agreed to acquire Flock, a digital commercial fleet insurance provider, with a valued equity of £80m.
The move will see Flock’s chief executive, Ed Leon Klinger, join Admiral Pioneer’s leadership team.
Admiral said that ”this acquisition aligns with the group’s commitment to continuously evolve and futureproof its motor proposition and broaden its product offering, building on its existing strengths in data and technology, distribution, pricing and claims, customer service and risk management”.
Finally, the most popular people move story of the week was family-owned broker TL Dallas appointing Tim Mortimer as its new chief executive.
After six years as commercial managing director at the firm, Mortimer has taken up the role as fourth generation family member, Polly Staveley, moves into an executive chair position.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
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