Brexit and cyber risks knock UK manufacturers’ confidence

Brexit and cyber risks knock UK manufacturers’ confidence

Brexit and cyber risks knock UK manufacturers’ confidence

Brexit risks have dented UK manufacturers’ confidence going into 2019, with 72% naming it the biggest source of uncertainty in the latest EEF/AIG survey. Cyber risk topped the list of non-Brexit threats. Also concerned about protectionism and a global slowdown, UK manufacturers are more pessimistic about business prospects in 2019 than last year. Exchange rate volatility topped the list of…

QBE UK rolls out AI risk rating for commercial property

QBE UK rolls out AI risk rating for commercial property

QBE UK rolls out AI risk rating for commercial property

QBE’s UK commercial underwriting operation has fully adopted an artificial intelligence-powered risk rating engine to improve underwriting accuracy and speed for insureds. The technology follows QBE’s investment in Cytora, and will also be adopted by QBE Australia later this year. QBE said the Cytora risk engine uses patterns of risk that combine with its own data to create bespoke risk…

Hackers breach 9/11 conspiracy files from insurers and law firms

Hackers breach 9/11 conspiracy files from insurers and law firms

Hackers breach 9/11 conspiracy files from insurers and law firms

Hacking group The Dark Overlord appears to have breached a law firm holding information from Lloyd’s of London and Hiscox, threatening to make public information that it says supports 9/11 World Trade Center attack conspiracy theories, in exchange for Bitcoin. On New Year’s Eve, the group published an announcement on Pastebin saying it had secured information from several law firms,…

Chubb Europe confirms France move

Chubb Europe confirms France move

Chubb Europe confirms France move

Chubb European Group has confirmed its relocation to France from London at the turn of the new year, in preparation for Brexit. The company said the move, which was approved by regulators in July, will provide customers in the EU with “continuous, uninterrupted service regardless of the outcome of Brexit negotiations”. David Furby, regional president of Chubb European Group, said…