Cyber
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.
Ex-Das leadership duo return with new MGA Elevate Specialty
A pair of former Das bosses have launched a new consumer-focused full stack MGA.
Broker Expo 2025 Countdown: Beazley’s Sam Franks
As we count down to Broker Expo in October, we caught up with Sam Franks, country manager and head of partner engagement – UK and Ireland – at exhibitor Beazley, who explains how it can work with brokers to help clients build their resilience in an…
Mosaic enters digital asset market with cyber and FI coverage
Mosaic Insurance has entered the digital asset market launching a combined cyber and financial institutions crime product, for the “historically underserved sector”.
UK commercial market softening continues at 6% – Marsh
Commercial market rate softening in the UK continued at 6% in the second quarter, according to Marsh, identical to the pace at the start of the year.
Native launches risk collective to lower premiums for crypto and digital assets
Digital assets is the most excluded asset class in insurance however insurers are looking to dip their toes in, and with AI compute alone seeing trillions of dollars invested it makes it the biggest opportunity in insurance today.
UK brokers and MGAs rebranded ‘to drive scale’
HW Kaufman Group has unveiled plans to consolidate its broking and underwriting brands outside of North America.
CFC eyeing up £5bn+ London Stock Exchange listing – FT
CFC is exploring options including listing on the London Stock Exchange, according to the Financial Times.
Education key as AI adoption faster than ever, says CFC’s Radu
Focusing on the end client and education programmes spanning policyholders, brokers and insurers is key to success as companies ramp up the use of artificial intelligence, CFC head of technology Aura Radu told Insurance Age.