DAC Beachcroft opens French office

DAC Beachcroft opens French office

DAC Beachcroft opens French office

International law firm DAC Beachcroft has opened its first office in France. The new office will be based in Paris, and will be led by partners Vladimir Rostan d’Ancezune and Christophe Wucher North. The Parisian team will focus on both the global and domestic insurance and industrial risks sector. DAC Beachcroft said Mr d’Ancezune and Mr North have extensive experience…

Arch completes UK commercial lines acquisition

Arch completes UK commercial lines acquisition

Arch completes UK commercial lines acquisition

Arch Insurance Europe has completed the acquisition of the UK commercial lines business owned by The Ardonagh Group and part of its Geo Underwriting operating segment. The acquired business will become the newly formed Arch UK regional division. Arch said the move forms part of its strategy to grow its regional UK presence and the division will have a meaningful…

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…