25 July 2022
The UK financial services regulator should carry out a market study of professional indemnity insurance after recent price increases and market hardening, the UK’s National Federation of Self Employed & Small Businesses says...
18 July 2022
Motor and property lines will “bear the brunt” of the immediate claims cost impact of the current high-inflation environment, straining overall industry earnings, Swiss Re says in its latest Sigma report...
18 July 2022
Reinsurers and insurers can have a profound impact on positive climate change outcomes by influencing the behaviour of businesses and households, a report from global law firm Kennedys says...
18 July 2022
Lloyd’s positive trajectory, after last year’s profit turnaround, faces challenges from the inflationary environment and uncertainties around natural catastrophe losses and Russia’s invasion of Ukraine, Gallagher Re says...
18 July 2022
The European Insurance and Occupational Pensions Authority – the insurance regulator in the European Union – is undertaking a three-month-long public consultation relating to pricing practices...
18 July 2022
Cyber specialist CFC has called on consumers and brokers to be wary regarding an emerging ransomware attack method targeting small businesses...
11 July 2022
A performance report from Globaldata shows many of the top insurers experienced considerable revenue growth last year as economic activity reached near pre-pandemic levels...
11 July 2022
A “ghost broker” who pocketed around £50,000 over 15 months has been sentenced in the UK after acting as an illegal intermediary and setting up hundreds of fraudulent motor policies on behalf of other people by using false details and compromised bank accounts...
11 July 2022
Leading industry figures have called on insurers to play a collective and proactive role in incentivising businesses towards renewable and climate-aware solutions...
11 July 2022
Lloyd’s Europe has announced Bertrand Heugues as its new Chief Underwriting Officer from July 14...
11 July 2022
The UK Financial Conduct Authority has appointed Ashley Alder as its new Chairman and has named six directors as it expands its headcount to pursue a three-year strategy outlined earlier this year...
04 July 2022
Cyber attacks targeting critical infrastructure assets such as national energy grids are on the rise, a new Lloyd’s report produced with the Cambridge Centre for Risk Studies says...
04 July 2022
The US is exploring whether a federal insurance scheme to cover potentially catastrophic cyber attacks is needed, after a high-level government report warned the private insurance market and the country’s Terrorism Risk Insurance Program offer only limited protection...
04 July 2022
An improvement in economic and insurance resilience could be thrown off course this year by economic challenges and geopolitical tensions, while the global protection gap is widening, Swiss Re says...
04 July 2022
Global reinsurance broker Gallagher Re has named Antoine Bavandi Global Head of Public Sector, Parametric and Climate Resilience Solutions...
04 July 2022
Marsh McLennan President and CEO Dan Glaser says the insurance industry should promote opportunities for the next generation of leaders to meet “ever-changing” challenges...
27 June 2022
UK regulator the Financial Conduct Authority has fined JLT Specialty £7.88 million over “lax controls” that led to commissions it paid in relation to a business deal in Colombia ending up in “the pockets of corrupt officials”...
27 June 2022
Australia is among countries most vulnerable to cyberattacks, RIMS says, with an average cost of cybercrime $6.6 million...
27 June 2022
Brokers should play a greater role in helping tech clients mitigate merger and acquisition deal risk, cyber specialist CFC says...
27 June 2022
US insurers paid out $US1.31 billion in lightning-caused homeowner claims last year, dropping from $US2.06 billion in the previous 12 months...