UK/Ireland
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July 31, 2023
BIBA bolsters executive board
The British Insurance Brokers’ Association (BIBA) has added two directors, including an inaugural regulation director, to its main board in…
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July 28, 2023
Lloyd’s financial strength rating outlook revised to positive by Best
AM Best has revised its outlook rating of Lloyd’s from stable to positive. This applies to the financial strength rating…
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July 28, 2023
New global entertainment industry division from Lloyd’s broker Tysers
Lloyd’s broker Tysers has launched a new global division dedicated to servicing the needs of the global entertainment industry. The new…
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July 27, 2023
Cyber rates fall by up 20% in UK with market set fair for 2023: Aon
Alistair Clarke, UK cyber broking leader at Aon, said there has been positive movement for cyber buyers in the UK…
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July 27, 2023
Cost of living crisis hits top spot in Gallagher’s UK risk index
The cost of living crisis has shot up the rankings to become the leading risk to UK businesses in Gallagher’s…
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July 26, 2023
Rate increases forecast to keep European insurers in the black: S&P
Some European insurers are “lagging behind” in the race to increase rates to match the pace of inflation, according to…
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July 26, 2023
Underwriters unhappy with pricing tools and current processes
Neither underwriters nor actuaries are happy with pricing tools and current processes and the vast majority think their pricing technology…
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July 26, 2023
Institute and Faculty of Actuaries commits to biodiversity actions
The Institute and Faculty of Actuaries (IFoA) has committed to the development of effective policy frameworks worldwide and methods for…
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July 25, 2023
ClientEarth to appeal Shell ruling that absolves directors of environmental liability
ClientEarth said it will appeal the UK High Court’s decision after the action group lost its case against Shell’s board…
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July 25, 2023
Chaucer tracks 101% rise in insuring sovereign debt default
The cost of credit default swaps (CDS) has surged over investor concerns that global economic volatility has increased the risk…
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July 25, 2023
Credit Suisse and UBS fined $400m for Archegos risk management failings
Credit Suisse and new owner UBS have been fined a combined $387m by UK and US regulators for risk management…
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July 24, 2023
AIG and AXA consider UK divestments: report
AIG and AXA are reviewing the future of their UK operations, reported Bloomberg following tip offs from unnamed sources. Bloomberg…
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July 21, 2023
Allianz Trade launches fraud protection for UK businesses
Trade credit insurer Allianz Trade has launched a fraud insurance product for UK businesses amid a post-pandemic rise in employee…
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July 20, 2023
TMHCCI adds greening endorsement for overseas Japanese subsidiaries
Tokio Marine HCC International (TMHCCI) has added a free green upgrade endorsement to commercial property polices held by subsidiaries of…
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July 19, 2023
Flood Re calls for urgent action to boost climate adaptation in UK
UK government and insurance industry joint initiative Flood Re has called for “widescale and urgent adaptation action” to mitigate accelerating…
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July 18, 2023
Munich Re appoints CUO of Green Solutions portfolio
Munich Re Specialty Group, parent company of the reinsurer’s Lloyd’s syndicate, has appointed Julian Richardson as chief underwriting officer of…
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July 18, 2023
BMS Re buys Brazilian broker KNW
BMS Re, the specialty reinsurance unit of UK-based BMS, has acquired Brazilian reinsurance intermediary KNW Brokers Corretora de Resseguros (KNW),…
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July 17, 2023
Charterfields ‘shocked’ by growing underinsurance in UK
Quantity surveyor Charterfields said it is “shocked” that 88% of 400 UK buildings and civil works covered by new research…
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July 17, 2023
RSA meets demand from PI buyers with XOL cover
RSA Insurance said it will expand its professional indemnity (PI) portfolio with a new excess of loss product for UK…
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July 17, 2023
Aon expects UK D&O market to continue softening as rates fall by up to 45%
UK D&O insurance buyers continue to enjoy improving market conditions, with rates falling between 10% and 45%, capacity restrictions lifting…