Business interruption
Cyber remains top business risk but AI rising fast in Allianz Risk Barometer
Cyber incidents created many headlines in 2025 and are still the biggest worry for UK companies in 2026, according to the Allianz Risk Barometer.
Pub chain Stonegate hits Marsh with £85m negligence claim
Marsh is being sued by Stonegate in a case the pub company’s lawyers have defined as “of interest to both the insurance and hospitality sectors in examining the professional standards brokers should be held to when placing insurance for groups of…
UK businesses more likely to rely on brokers for risk management than global peers
UK businesses are more likely to rely on brokers to identify major risks (78.3%) compared with global counterparts (55.7%), according to a new survey.
CMC pegs JLR cyber event as UK’s ‘most economically damaging’
The Cyber Monitoring Centre has estimated the cyber incident affecting Jaguar Land Rover had a UK financial impact of £1.9bn and affected over 5,000 UK organisations.
Aviva’s Martin on utilising data to prevent underinsurance and free up broker’s time
A host of new technology developments are “coming down the track” at Aviva that will enable the insurer to utilise data better to spot opportunities, prevent underinsurance and free up broker’s time, according to David Martin, MD for UK commercial lines…
Aviva to double automatic business interruption indemnity period to 24 months
Aviva is set to double its automatic business interruption indemnity period to 24 months, in what it claims is a UK market first to tackle underinsurance, Insurance Age can reveal.
Willis stakes claim for parametric first with weather warning trigger
Willis has staked a claim for a market first with the launch of a parametric policy which will payout in the UK and Ireland on a red weather warning rather than due to the event hitting.
PwC highlights pressure on motor, home and specialty insurance from Trump’s tariffs
PwC has warned of higher claims costs, particularly in motor and home, leading to pressure on premium rates due to the US placing new tariffs on its global trading partners.
CFC launches cyber “game-changer” for brokers
The specialist insurance provider CFC has launched a new cyber product aimed at all businesses with revenues up to £250m.
Law firm warns brokers clock is ticking for Covid-19 BI claims
Fenchurch Law has warned brokers to make sure clients file any Covid-19 business interruption claims now, before they are time-barred.
More than one in four UK businesses impacted by civil unrest last year, says Gallagher
Over one in four UK businesses were impacted by civil unrest last year, with nearly two-thirds citing a continuation of the problem as a major concern for 2025, according to research by Gallagher.
Weather-related domestic damage cost insurers £585m in 2024, says ABI
The Association of British Insurers has calculated insurers paid out a record £585m for weather related damage to people’s home and possessions in 2024.
Markel launches FintechRisk+ policy
Markel has launched FintechRisk+ in its second insurance policy development of the week.
Commercial Express launches tattoo and body piercing product
Commercial Express has launched a tattoo and body piercing product, giving brokers access to a customisable package product.
Cyber outage insured losses estimated at up to $1.5bn
CyberCube has estimated preliminary global insured losses for the standalone cyber insurance market from the CrowdStrike IT outage last week at between $400m (£310m) and $1.5bn (£1.16bn).
QBE unveils QCyberProtect
QBE Insurance has launched QCyberProtect, describing it as a comprehensive and globally consistent cyber policy designed to enhance cyber resilience for a range of clients worldwide.
Aurora launches commercial combined product
Managing general agent Aurora has launched what it describes as its “flagship” commercial combined product for SMEs.
Ecclesiastical launches product for office-based professions
Ecclesiastical Insurance is launching a new product aimed at office-based businesses providing professional services in response to broker feedback.
Event insurance – how is the sector evolving to meet the changing risk landscape?
While the event sector has rebounded post-Covid, it still faces a host of challenges. Challenges that offer brokers opportunities to help organisers both manage and mitigate risks to soften the blow if they have to cancel or postpone a planned event due…
Ex-insurance broker jailed for pocketing £46k from bouncy castle hire companies and amusement parks
A former insurance broker has been jailed for two years, after he stole £46,125 by editing a wholesale broker’s contracts to increase the cost of premiums paid by his clients, the City of London Police have confirmed.
CFC updates fintech insurance cover
CFC has made a “major overhaul” to its fintech insurance cover in the UK, Canada and Australia, across both professional service and technology exposures.