UK/Ireland
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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…
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July 14, 2023
Risks loom over growth potential of UK life sciences, says QBE
Growth in the UK pharmaceutical sector, which is predicted to exceed competitors in Europe, could be impacted by new risks…
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July 13, 2023
UK polluters face unlimited fines under new legislation
UK companies will soon run the risk of unlimited civil fines and penalties for polluting waterways and other ecosystems, with…
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July 11, 2023
UK property market stabilising with prices up between 1% and 10%: Aon
Aon has told Commercial Risk that the UK property insurance market continues to stabilise, with buyers facing average rate increases…
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July 10, 2023
ExCel ruling opens up Covid BI payments for tens of thousands of policyholders
Insurers could face payouts to tens of thousands of UK business interruption (BI) policyholders for Covid-19 losses after last month’s…
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July 7, 2023
CIIA urges boards to elevate internal audit as economic risks increase
More than half of UK internal audit executives (56%) rate the risk of economic uncertainty to their business as high…
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July 6, 2023
Howden buys UK entertainment broker MIB
Howden has bought UK and Irish television broker Media Insurance Brokers (MIB) International as part of plans to become the…
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July 5, 2023
MGA Spring Insure targets European financial lines growth with underwriter hires
Financial and professional lines MGA Spring Insure plans to significantly expand its footprint in the UK and European FinPro sector,…
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July 5, 2023
UK property rates flattening, says Aspen’s Gatland
Prices are flattening in the UK property insurance market, according to Aspen’s Paul Gatland, who expects rates to hold for…
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July 5, 2023
BIBA names Trudgill as CEO
The British Insurance Brokers’ Association (BIBA) has appointed Graeme Trudgill, current executive director, as its next CEO. He will take…
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July 4, 2023
UK insurers offer guidance to business to become “nature positive”
The Association of British Insurers (ABI) says British businesses need help as they face up to the risks posed by…
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July 4, 2023
Climate scenario models are ‘benign’ and ‘implausible’, report warns
Climate scenario models in financial services significantly underestimate climate risk, with results “far too benign” and in some cases “implausible”,…
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July 4, 2023
UK backs away from mandatory deforestation due diligence
The UK government has rejected a key amendment to the Financial Services and Markets Bill that would force financial institutions…