Commercial Lines articles – Page 52
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AnalysisEmerging Bazarcall ransomware attacks reinforce cyber risk to SMEs
A more ’robust and joined up approach’ is needed to combat the risks UK businesses are facing from cyber attacks, such as those distributed by bogus call centres, says director
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NewsIUA tackles high-rise fire safety risks with new model insurance clause
The representative body hopes that its new clause will provide underwriters with ‘greater confidence to offer effective insurance solutions’ to firms that are working to remove dangerous cladding from high-rise buildings
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NewsD&O insurance pricing down – Aon
Despite branding market conditions for the line as moderate, the broker noted that pricing fell, capacity was abundant and underwriting was more flexible
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NewsUK local councils hit by 2.3 million cyber attacks so far in 2022 – Gallagher
Only 23% of councils currently hold a cyber-insurance policy despite a rise in cyber attacks
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NewsDemand for trade credit cover will increase even as appetite reduces – Aon
Supply chain issues, inflationary pressures and geopolitical uncertainty contributed to the market’s challenges in Q2 2022
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NewsZego inks deal with QBE to expand telematics-based fleet insurance offering
The pair share a passion for innovation around risk, says insurtech’s chief executive
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NewsSompo International agrees sale of EAL to ‘withdraw’ from Lloyd’s
The move marks the culmination of the firm’s strategy to divest itself from Lloyd’s and focus on the London market
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AnalysisBrokers should prioritise ‘critical’ cloud security following largest ever DDoS attack
The attack on a Google Cloud Armor customer was equivalent in scale to receiving all of the web’s daily requests to Wikipedia in just 10 seconds
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NewsTaxi driver pays £12,500 in damages after staged three vehicle crash
The savings associated with preventing the fraudulent claim, including legal costs, amount to £175,000, according to law firm
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AnalysisBriefing: Russia-Ukraine conflict takes toll on insurers’ half-year results
Insurers are preparing for further losses as Russia continues to hold on to leased planes
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NewsSeventeen Group buys Glasgow-based property sector specialist broker
The intermediary organisation plans to ‘build our business in Scotland’, according to chief executive
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NewsMarsh and Ascot Group deliver first placement of marine cargo and war insurance
The facility is now available to clients of Lloyd’s of London registered brokers
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NewsSeventeen Group gains ‘home in Glasgow’ with new broker buy
The acquisition will provide ‘further opportunities for clients and staff who value continuity and quality advice’, says chief executive
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NewsMarsh launches new (re)insurance capacity for hydrogen energy projects
The broker states that adequate insurance provision for greener technologies is lacking
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NewsAviva’s Nick Major and Simon Mobey step down
The staff changes have triggered a c-suite reshuffle
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AnalysisDynamic IP addresses cause ‘big challenge’ for underwriters using cyber risk rating reports
Improving the underwriting process for cyber insurance requires a ‘holistic view’ ahead of the ‘next big shift’, says Aviva’s head of cyber
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NewsLloyd’s of London sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
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NewsPool Re launches members consultation on suggested transition to treaty model
The reinsurer’s consultation will run until the end of October 2022
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NewsBeazley receives ‘in principle’ approval to establish Lloyd’s Syndicate 5623
The insurer’s Smart Tracker will transition into a ‘full market-facing syndicate’ at the beginning of next year
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NewsJensten Group buys High Wycombe-based broker and its subsidiary
The purchase represents Jensten’s fourth acquisition in a month
