Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

Post-Grenfell Tower tests reveal UK fire safety standards ‘broken’: ABI

A new report by the Association of British Insurers (ABI) says UK building control systems are “broken” after results of post-Grenfell Tower fire tests found current standards underestimate risk. Submitted to Dame Judith Hackitt’s Grenfell Tower review, the ABI’s report says laboratory tests used to approve building materials are “utterly inadequate” and called for an urgent reform of the fire…

Insurers and brokers say clients can’t measure cyber risk

Insurers and brokers say clients can’t measure cyber risk

Insurers and brokers say clients can’t measure cyber risk

Insurance buyers, and consequently their risk transfer partners, are struggling to measure cyber risk and are therefore largely in the dark about its financial impact, according to a new survey of insurers and brokers by Secure Systems Innovation Corporation (SSIC). The survey also finds that the insurance industry needs to properly address non-affirmative cyber cover and that a series of…

Beazley and DAC Beachcroft launch GDPR hotline

Beazley and DAC Beachcroft launch GDPR hotline

Beazley and DAC Beachcroft launch GDPR hotline

Cyber liability insurer Beazley has partnered with law firm DAC Beachcroft to launch a free General Data Protection Regulation (GDPR) helpline for its Beazley Beach Response (BBR) clients in the UK. Ahead of the GDPR’s implementation on 25 May 2018, the helpline has been set up to ensure clients are in compliance with the regulation and highlight any areas that…

Sedgwick announces top global and UK management roles following Cunningham takeover

Sedgwick announces top global and UK management roles following Cunningham takeover

Sedgwick announces top global and UK management roles following Cunningham takeover

Risk and benefits services firm Sedgwick has confirmed top management roles for its international and UK business following the completion of the company’s acquisition of Cunningham Lindsey last week. Ian Muress, who will be based in London, has been named as Sedgwick’s CEO of international business. He will oversee all business operations outside the US and Canada. Mr Muress will…

Clyde & Co boosts insurance partner numbers

Clyde & Co boosts insurance partner numbers

Clyde & Co boosts insurance partner numbers

Law firm Clyde & Co has announced 12 new partners including six within its insurance department, taking the total number of partners worldwide to 400. The new partners include Tony Cawley for London casualty insurance, where he will be joined next month by Jennette Newman and Jonathan Edwards from BLM. Damian Rourke, technical lead of the firm’s counterfraud team and…

UK manufacturers call for help in battle against growing cyber risk

UK manufacturers call for help in battle against growing cyber risk

UK manufacturers call for help in battle against growing cyber risk

A report by manufacturers’ organisation EEF and AIG warns that the UK manufacturing sector is least prepared for cyber risk and urges government to step in and help out. The statements follow a new survey that shows half of UK manufacturers have experienced a cybersecurity incident and one quarter suffered either financial loss or disruption as a result. The manufacturing…

European Risk Frontiers survey already throwing up surprising results – take part!

European Risk Frontiers survey already throwing up surprising results – take part!

European Risk Frontiers survey already throwing up surprising results – take part!

Our annual european risk Frontiers survey of Europe’s leading risk managers, sponsored again by HDI Global, is this year being expanded to include a wider range of risk professionals by adding snap polls at industry events and online Q&As with our readers. This approach has already produced some interesting results that we believe will pose serious questions for the insurance…

New team launches at Brockwell Capital

New team launches at Brockwell Capital

New team launches at Brockwell Capital

Brockwell Capital – a Lloyd’s coverholder and managing general agent that specialises in warranty and indemnity, tax liability and contingent liability insurance for key industry sectors in Europe, the UK and Asia-Pacific – has declared its doors fully open for business after completing its underwriting team. Andrew Graham, also Brockwell’s managing director, and Alex Goodair will join the underwriting desk…

AIG given green light for Brexit-proof restructure

AIG given green light for Brexit-proof restructure

AIG given green light for Brexit-proof restructure

AIG has been granted authorisation to establish two new insurance companies in Luxembourg and the UK to ensure contract certainty for clients after Brexit. The two new entities will write business currently written by London-based AIG Europe Ltd. AIG’s new European company in Luxembourg will be called AIG Europe SA. It will have branches across the European Economic Area and…

UK’s NHS yet to implement WannaCry cyber lessons

UK’s NHS yet to implement WannaCry cyber lessons

UK’s NHS yet to implement WannaCry cyber lessons

The UK’s National Health Service (NHS) remains at risk of another WannaCry-style cyberattack after failing to implement lessons learned from the ransomware that struck almost a year ago, according to a new report from a cross-party committee of MPs. The Public Accounts Committee said the NHS is just as unprepared today for a major cyberattack as before WannaCry, which took…

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