Cyber
Meet the MGA: rrelentless
Looking to shift the agenda from reactive claims handling to proactive data-driven risk prevention, Gary Gallen, founder and CEO of the rradar group of companies, pictured, outlines his plans for its MGA rrelentless including product diversification and…
Cyber claims payouts up 230% – ABI
Cyber claims payouts have increased 230% year-on-year to £197m in 2024, according to the Association of British Insurers.
Specialty MGAs Nirvana and Pulse complete merger
Managing general agents Nirvana and Pulse have completed their merger after the deal was signed off by the Financial Conduct Authority.
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.
CyberCube estimates $38m to $581m insurance loss from AWS outage
CyberCube has reported a preliminary loss estimate for the Amazon Web Services outage ranging from $38m (£28.54m) to $581m.
Q&A: Richard Webb on his career, retirement and advice to the next generation
Having retired from Pen Underwriting earlier this year, Richard Webb reflects on his career, gives insight on exceeding expectations with building and selling MUM, shares his belief in the importance of gut instinct and reveals the exit message that made…
CyberCube – AWS outage a ‘moderate’ incident for insurance market
CyberCube has called the Amazon Web Services outage a “moderate incident for cyber (re)insurers”.
Marsh measures UK market softening at 6% in Q3
Rates in the UK commercial insurance market softened by 6% in the third quarter, maintaining the level of decline seen throughout 2025, according to research by Marsh.
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.
Interview: CEO Andrew Burke on the different situation at HSB and raising the volume
While newly appointed HSB UK and Ireland CEO Andrew Burke has come into a very different situation at the insurer compared to when he took over at Das, he shares how he will use the same ethos to grow the provider with brokers, and reveals his gin…
Cyber insurance provider expands tech E&O offering
Resilience, a cyber risk solution company, has expanded its technology errors & omissions insurance to clients with more than $25m (£18.63m) revenue in the US, £50m in the UK and €25M (£21.75m) in the EU.
Pen expands Simmonds’ role to MD of public sector and international after Scott exit
Seb Simmonds has become the managing director of public sector and international at Pen Underwriting, in an expanded role following the departure of Adrian Scott, the Gallagher-owned managing general agent has confirmed.
TMK launches enterprise E&O insurance solution
Tokio Marine Kiln has launched Enterprise Ctrl in what it claims is a market first for the ‘comprehensive’ enterprise errors and omissions insurance solution.
HSB launches cyber insurance and incident response solution for SMEs
HSB has launched a cyber and incident response solution for micro and small businesses in the UK and Ireland with revenues up to £10m.
Chaucer launches cyber offering
Chaucer has launched a cyber risk management and insurance solution, Vanguard, with available limits up to $15m (£11m) for cyber liability.
Brunel launches specialist tech broker
Brunel Group has launched BrunelTech, a specialist broker for the technology industry.
SMEs to step up cyber defences as over half experience cyber attack in past year
Hiscox has reported 94% of SMEs surveyed are stepping up their cyber defences and are planning to boost their investment in cyber security over the next 12 months, as 59% of respondents said they experienced a cyber attack in the past year.
TMK launches enhanced cyber risk product suite
Tokio Marine Kiln has enhanced its Cyber Ctrl product suite with new products and wordings, including Professional Ctrl for technology, media and errors and omissions.
Market Movement Index: All change
New analysis from Broker Insights reveals a shifting picture as higher premium risks move more, softer rates take hold and brokers shift to use smaller, dynamic providers over traditional markets. Rachel Gordon reports.
MGA Arrow targets tech E&O with Bridgehaven deal
Arrow Risk Management has launched its tech E&O underwriting practice teaming up with Bridgehaven Specialty UK for capacity.
Pen launches six enhancements to SME cyber
Pen Underwriting has added six cover enhancements to its UK SME cyber proposition.
Meet the MGA: Moonrock Insurance
Moonrock’s COO Rachel Oliver offers her insights into the specialist drone managing general agent and how it is helping brokers service the growing low altitude economy.
Sompo boosts UK and international business with £2.6bn acquisition
Sompo has entered into an agreement to acquire Aspen Insurance Holdings for an aggregate consideration of approximately $3.5bn (£2.6bn).
E-trade products to be first Intact launches in October – RSA’s Grosscurth
Tovah Grosscurth, commercial lines MD, has outlined plans for the first Intact-branded products to be e-trade ones launching in October and laid out how RSA is increasing speed and consistency to market.