Cyber
Hybrid warfare drives rethink of terror and war coverage
Insurers face mounting pressure to redefine exclusions and pricing as cyber warfare, sabotage and misinformation reshape global risk, according to participants in a panel discussion during London Risk Week.
Markel restructures UK business ‘to facilitate growth’
Markel UK has named divisional director of broker, Jo Sykes, as divisional director for commercial lines as part of a restructure of its services division, Insurance Post can reveal.
QBE sounds alarm over supplier AI cyber exposures
QBE has warned UK businesses could be leaving themselves exposed to supply chain cyber-attacks, with only 28% of companies auditing their third-party suppliers’ artificial intelligence systems despite growing concern over the risks.
Allianz shifts commercial replatforming timeline
The previously announced commercial replatforming of Allianz Commercial’s product suite has had its timeframe readjusted, according to UK markets director Graham Stait.
Gallagher warns cyber-related litigation likely to increase
Cyber-attacks cost large businesses in the UK an estimated £11.7bn in 2025, according to research from Gallagher and the Centre for Economics and Business Research.
Penny Black’s Social Diary: IWD marathon; Insurtech UK’s pastries
Penny Black is back, sharing the tittle-tattle she overheard at insurance industry events, reviewing the quality of buffets at conferences and giving a thumbs up – or down – to the sector’s social media posts.
Industry welcomes fresh Financial Services Bill
The insurance industry has reacted following the introduction of the Enhancing Financial Services Bill introduced in the King’s Speech yesterday (13 May.)
Regulator interest gives MGAs ‘competitive advantage’
Heightened regulatory interest in the MGA sector could actually help the sector grow, according to Pen Underwriting CEO Tom Downey.
Five key takeaways from the Global Risk Summit
Navigating the new geopolitical order, AI, changing climate risk, and increasingly sophisticated cyber-attacks were on the agenda at the inaugural Global Risk Summit in London.
Why AI is creating D&O risks no-one would have imagined
View from the Top: Kate Lyes, head of specialty lines, CFC, questions whether the directors and officers insurance industry is ready for the complexities an AI-driven world will bring.
Biba unveils cyber broker directory and ad campaign
The British Insurance Brokers’ Association has launched a national advertising campaign focused on cyber insurance alongside a specialist broker directory aimed at helping SMEs improve their resilience.
Moody’s predicts slow and uneven AI impact for insurers
Artificial intelligence’s impact on the insurance sector will unfold gradually and be “credit-neutral to positive” for the industry, Brandan Holmes, vice president and senior credit officer at Moody's Ratings, has predicted.
Soft cyber market eroding underwriting discipline
A soft cyber insurance market is leading underwriters to not interrogate clients too heavily lest they lose business, according to Dual UK’s senior cyber underwriter Scott Davies.
Lucy Clarke, WTW
Lucy Clarke leads WTW’s risk and broking business, covering more than 14,000 colleagues across 140 countries.
Adrian Cox, Beazley
Since becoming Beazley Group CEO in 2021, Adrian Cox has overseen a continued evolution of the specialist insurer, which is soon set to become part of Zurich Insurance.
Louise O’Shea, CFC
From cyber threats to carbon markets, Louise O’Shea, group CEO of CFC, has positioned the provider at the forefront of innovation.
Allianz x Coalition; Covéa’s COO; Lockton’s office
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Markerstudy targets £200m GWP as it relaunches ‘simplified’ commercial business
Markerstudy Business, the commercial insurance division of Markerstudy Group, is now fully “open for business,” and is targeting £200m in gross written premium.
How the war with Iran will rip through insurers’ balance sheets
Editor’s View: From soaring claims inflation and disrupted supply chains to cyber threats, travel chaos and potential power outages, Emma Ann Hughes outlines how the Iran conflict could reshape underwriting, pricing and profitability for years to come.
Throwback Thursday: Computer insurance and bounce back plans
Insurance Post’s Throwback Thursday steps back in time to May 1981 to remind you what was going on this week in insurance history when Hogg Robinson launched computer insurance and General Accident was looking beyond the recession.
Companies House breach tests fraud and insurance cover
Paul Wainwright, member of the fraud sector focus team at the Forum of Insurance Lawyers and partner at law firm Browne Jacobson, examines how a security flaw at Companies House could expose directors and insurers to complex, overlapping risks.