Allianz in Uber tie-up; Assured Partners acquires SW broker; BGL and Covea to launch new direct brand; and Twelve Capital/Eos unveil insurtech focused growth fund

For the record

Post wraps up the major insurance deals, launches and investments of the week

From Post this week: 
Watchdog seeks views on future of financial services compensation
FCA unveils consumer duty ‘to drive a fundamental shift in industry mindset’
FCA’s consumer duty to cost firms

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Insuring property damage caused by cyber attacks

Analysis: As clients in heavy industry and manufacturing look to insurance to cover property damage that occurs due to cyber attacks, Harry Curtis explores the risks that arise at the intersection of cyberspace and the physical world plus what options for cover exist for businesses facing fires, floods and explosions.

Q&A: Marc Lewis, Ecclesiastical

Marc Lewis, underwriting director for the UK for Ecclesiastical, reveals how the insurer is embracing artificial intelligence plus its plans to grow the casualty business.

Insurers face margin crush unless premiums are hiked

Data analysis: A sustainable margin recovery looks increasingly challenging for insurers with premiums needing to increase in real terms to prevent any erosion after a tripling of costs to 10.9% of premiums last year from 3.5% in 2022.

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