Commercial Lines related articles – Page 51
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NewsSoaring PI costs causing law firms to close – Hazlewoods
Insurers were exiting or reducing their capacity in the ‘unprofitable’ market, says the firm
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News AnalysisInsurers brace for employers’ liability claims as Covid and flu ‘twindemic’ ramps up
However, some market commentators believe this dynamic is an opportunity for innovation
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NewsRansomware and cyber war wording innovation named in 2023 tech predictions – DAC Beachcroft
Cyber war endorsements could invite innovation, says the law firm
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NewsInsurance fraud saw 11.2% uptick in 2022 – Allianz Commercial
The insurer’s head of counter fraud says at ’each economic downturn, insurers usually see fraud escalate’
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NewsClimate change, cyber risks and ESG top sector challenges for 2023 – RPC
Climate change, ESG concerns and cyber risks all take their place in the key trends to look out for this year
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NewsRoyal Mail hit by ‘cyber incident’ that caused disruption to international post
Royal Mail has apologised for any inconvenience caused and has also launched a full investigation alongside cyber crime experts
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NewsDirect Line predicts home and commercial lines claims of £90m
The insurer has scrapped its final dividend for 2022 but has assured shareholders of its intention to restore balance sheet resilience
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NewsSuperscript completes £45m series B funding to 'transform' SME cover
In a challenging macroeconomic environment and shift in global investor appetites, this funding round represents a huge vote of confidence says firm’s chief executive
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IT InterviewRyan Birbeck: Cyber cover set to be ‘significant focus’ for Aviva in next three years
Distribution director for regional brokers believes the insurer is currently ‘underweight’ when it comes to cyber insurance provision
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IT InterviewQ&A: Investment in regional branches strengthens local broker partnerships – Axa Commercial
Axa Commercial chief executive Jon Walker tells Savan Shah how the firm is now better equipped to support SME customers
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NewsBrokers key in closing awareness gap for scams like iSpoof
CFC Underwriting warns that cyber criminals are unwavering in their commitment to the goal of extorting money from victims
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IT InterviewWarren Downey: Specialist Risk Group is ‘quite romantic about M&A’
Alongside acquiring businesses in adjacent markets and building on existing specialties, SRG also has plans to become ‘more noticeably international’ in 2023, says group chief executive
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NewsEcclesiastical takes over Brokerbility scheme
The scheme took effect from Thursday 1 December and forms part of the specialist insurer’s ‘ambitious’ growth plans, says corporate buisness director
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NewsGlobal M&A insurance sector saw a ‘turbulent’ 2022 – Gallagher Specialty
The M&A insurance sector will continue to ‘evolve and persevere’ despite challenging economic conditions, predicted the report
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News AnalysisBriefing: Looming recession spells further bad news for insurers
A swirling storm of tough economic issues promise to create a difficult start to the year
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NewsCFC creates dedicated fintech team
CFC has witnessed the volume of submissions from fintechs increase by more than 100% year-on-year over the past couple of years
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NewsCyber insurance set to be one of the biggest property and casualty lines – CyberCube
’Brokers are the linchpin’ between insurance relationships says CyberCube senior product manager
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NewsCNA Hardy launches additional cyber cover for technology businesses
The insurer’s new product also includes first party and thid party cyber cover as standard
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NewsUK economy set for 2023 recession amid ongoing inflation and energy crisis – Allianz Trade
Business insolvencies in the UK reflect inflationary pressures and high energy costs, according to Allianz Trade’s chief executive
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NewsCompass partners with premium finance provider
Network boss believes brokers must ‘be prepared against the unexpected’, with one possible solution being the provision of ‘more flexible payment options’ for clients
