UK/Ireland
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State National to enter UK market to serve MGAs
State National Companies, the largest programme services carrier in the US and a wholly owned subsidiary of Markel, is entering…
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Markel appoints war and terrorism senior underwriter
Tim Woodhouse has been appointed as senior underwriter at Markel within its war and terrorism team. The insurer said the…
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Airmic welcomes consultation on new UK captive regime
UK risk and insurance management association Airmic has welcomed its government’s plans to create a new onshore captive-friendly regime, and…
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Climate and net-zero disclosure falling short, finds EY
Disclosures about climate risk and how corporates will meet net-zero targets are “falling short”, says EY in its latest Global…
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UK legal sector faces surge in cyberattacks
Law firms in the UK have suffered a spike in cyber risk over the past two months as the sector…
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UK and US agencies release joint AI cybersecurity guidelines
The UK’s National Cyber Security Center (NSCS) and the US Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency (CISA)…
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UK exposed to millions in additional flood losses from climate change
The impact of climate change will add millions to the UK’s losses from flooding, according to a new study from…
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Tokio Marine HCC boosts UK professional risks team
Tokio Marine HCC International said it wants to pursue further growth in the UK regional professional risks market on appointing…
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Stonegate settles Covid-BI case with insurers
UK-based hospitality group Stonegate has settled its disputed Covid-19-related business interruption (BI) claim with insurers ahead of its appeal, which…
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Ardonagh Specialty’s CEO joins Brokerslink board
Brokerslink has appointed Antony Erotocritou as a new board director representing London-based Ardonagh Specialty. Brokerslink said the move reinforces the…
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UK court rules human rights grounds for Niger Delta claims against Shell
Nigerian communities affected by polluted waters and land can proceed with human rights claims against oil and gas firm Shell…
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Risk management overload a top business risk in 2024, warns Control Risks
The never-ending spate of polycrisis and global tensions means that risk management overload has become one of the top five…
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UK to follow French lead as government consults on new captive regime
The UK risk and insurance management community received good news from its government this week, which announced plans to deliver…
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UK insurers uncertain over Solvency II reform timeline
The UK government said this week it will introduce secondary legislation to make changes to Solvency II measures for UK…
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Pen Underwriting takes Lloyd’s box for marine growth
UK managing general agent Pen Underwriting has taken a box at Lloyd’s, housing its specialist marine team on the trading…
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Brokers Tysers and H.W. Wood fined for Ecuador bribery by US DOJ
The US Department of Justice (DOJ) has fined UK-based reinsurance brokers Tysers and H.W. Wood for paying bribes to Ecuadorian…
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Favourable market conditions for financial institutions into 2024
Insurance market conditions will continue to be favourable for financial institutions for the remainder of 2023 and into the first…
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Retailers with history of cyberattacks face lost Black Friday sales, finds QBE poll
More than half of Black Friday shoppers in the UK (54%) would avoid buying from an online retailer with a…
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Survey suggests cyber spend not keeping pace with growing threat
Large companies are failing to spend enough on cybersecurity, with average spend in the UK and US up just 3%…
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New London-based MGA launched by climate risk underwriter Arbol
Climate risk solutions provider Arbol is expanding into the UK with the launch of a new London-based MGA that will…