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Third-party cyber risk remains ‘blind spot’ for UK business
Understanding third-party cyber risk remains a “blind spot” for UK business leaders, with almost half impacted by a cyber incident…
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European stock markets at most risk from geopolitical shocks
Companies listed on European stock markets are at greater risk from geopolitical shocks than those in other regions of the…
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Brazil sues VW subsidiary in historical slave labour claim
The Brazilian subsidiary of German car manufacturer Volkswagen has been landed with civil action over historical slave labour practices, according…
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HDI Global names new marine cargo head in UK
HDI Global has appointed Hannah Brooke as head of marine cargo underwriting for the UK and Ireland. She will join…
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Rate cuts to follow £150m saving in UK personal injury awards
An increase in the discount rate applied by courts in England and Wales in personal injury claims will save insurers…
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Fortegra follows Belgium launch with UK insurer
US insurer Fortegra said it will launch a subsidiary in the UK after approval from regulators. Fortegra Insurance Company UK…
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McGill and Partners launches digital follow form broker facility at Lloyd’s
The first-ever fully digital cross-class follow form broker facility in the Lloyd’s market has been launched by McGill and Partners…
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Captive industry veteran Malcolm Cutts-Watson to retire
Captive industry veteran Malcolm Cutts-Watson is to retire. After overseeing the merger of RISCS with Cutts-Watson Consulting (CWC) and acting…
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PI rates fall ‘rapidly’ in UK as new capacity enters market
New capacity has led to a rapid fall in rates for professional indemnity insurance in the UK in recent months,…
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Allianz Commercial appoints regional head of multinational in UK
Allie Chadwick has been promoted to regional head of multinational in the UK at Allianz Commercial, effective immediately. She takes…
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UK cyber chief calls for action against ‘underestimated’ risk
The newly appointed chief of the UK’s National Cyber Security Centre (NCSC) has warned that cyber risks have been “widely…
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UK class action claims Microsoft ‘punished’ firms using rival clouds
UK businesses have launched a £1bn class action against Microsoft, claiming they were overcharged for licensing Windows Server. Customers using…
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Rate hikes in 2025 to keep pace with claims for Europe’s insurers: Fitch
Lower claims inflation balanced by moderating premium rates across Europe’s insurance markets underline Fitch’s unchanged neutral outlook for the sector…
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PIB Group strengthens in Benelux with Thoma buy
Specialty broker PIB Group has further expanded its presence in Europe with the acquisition of commercial lines broker and MGA…
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Wefox sells insurance carrier to Swiss consortium
European insurtech Wefox has agreed to sell its insurance carrier Wefox Insurance AG to a consortium of Swiss companies led…
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French lottery group to launch French captive
La Française des Jeux (FDJ), the company that operates the national lottery games of both France and the Republic of…
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Ryan Specialty makes leadership changes to international unit
US-based insurer Ryan Specialty has named Mark Birrell as executive chairman of its international business, Ryan Specialty Underwriting Managers International…
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Big increase in UK employers reporting on proportion of staff with disabilities
There has been a significant increase in the number of UK employers who report on the proportion of their staff…
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Italian insurers shock resistant as non-life premiums rise 8%: Morningstar
Italian insurers are expected to maintain profitability next year on the back of strong premium growth in 2024, and are…
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Premiums to fall as UK opts for +0.5% personal injury rate
The personal injury discount rate applied to lump sum compensation awards in England and Wales will change to +0.5% in…