Cyber
Gallagher buys Buck; Pen’s latest deal; Spring’s commercial PI binder
Friday Round-Up: Ahead of Good Friday and the Easter Bank Holiday, Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Big Interview: Wakam’s Olivier Jaillon
Jonathan Swift catches up with Wakam chief executive, and self-proclaimed rock’n’roll blockchain fan, Olivier Jaillon, to discuss the evolution of the go-to market for many insurtechs and brands seeking to sell embedded insurance.
WTW partners with Sapiens; Zurich expands regional network; Pen UW creates head of IP
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Driverless vehicles and the future of motor insurance
Despite the predictions that early levels of automation will be available on UK roads as early as 2021, not much progress has been made so far. Insurance Post investigates the progress and what needs to be done to see driverless cars on the roads.
Best Lloyd’s underwriting result in years not enough to prevent pre-tax loss
Lloyd’s has posted a pre-tax loss of £769m for 2022, despite achieving its strongest underwriting result since 2015.
Coalition enters UK excess cyber market; JMG Group acquires New Era; Gallagher Re appoints CEO
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lloyd’s steps up worst-case scenario planning for cyber and geopolitical risks
Lloyd’s is conducting exercises with the aim of better understanding how a major cyber event or adverse geopolitical developments might give rise to losses for the market.
Hiscox’s UK & London Markets’ GWP drops for 2022 but sectors stay profitable
Hiscox’s UK and London Markets businesses both dropped gross written premium in real terms but continued profitability, as the insurer announced the launch of an ESG sub-syndicate.
War exclusions curb Beazley’s cyber growth
Updated war exclusions slowed down the growth of Beazley's cyber book last year, according to CEO Adrian Cox.
Ransomware gets the headlines, but it is not the top cyber exposure says CFC’s Nelson
CFC Underwriting’s cyber development leader, Lindsey Nelson says that while media interest in ransomware remains high, it is not the most frequent exposure seen in the SME cyber space.
Cloud migrations and third parties present cyber security challenges, says Resilience
Cloud migrations and digital transformation projects are increasing organisations’ risk of being susceptible to cyber attacks, managing general agent Resilience warns.
Percayso Inform acquires Cazana; Andi sets up Oxford R&D lab; Aon appoints head of war and terrorism
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Navigating the next two years in cyber insurance
Blog: Nour Alnuaimi, CEO and founder of Upsurance, considers why demand for cyber insurance from certain segments of the market is still lagging.
ABI launches three-year strategy and reaffirms summer launch date for leaseholder support scheme
The Association of British Insurers has launched a three-year strategy focused on improving customer trust, sustainable investments and lobbying for further legislative, regulatory and tax reforms.
Scor extends Concirrus partnership; GRP makes fifth 2023 acquisition; Go Compare founder joins TCI
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Coalition reports strong UK launch as organisations look for non-restrictive cover
Cyber insurance provider Coalition says it has outstripped its expectations in its first six months of trading in the UK, attributing this in part to the proliferation of ransomware sublimits in the market.
Insurance Post Podcast: Super-charging take-up of cyber insurance
Putting the customer first and educating them about the risks they face online is required to accelerate the number of businesses purchasing cyber insurance, according to Aviva’s Stephen Ridley.
Scale of underinsurance in cyber uncovered
Data analysis: Insurance Post investigates whether fewer incidents of data breaches are linked to the rise of cyber insurance and if policyholders have adequate cover for their needs.
Ticker launches convicted driver product; Apollo partners with Moonrock; Close Brothers appoints MD
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Q&A: Simon Pemberton, Gallagher Bassett
Simon Pemberton, CEO of Gallagher Bassett ,caught up with Insurance Post to speak about claims trends, recruiting talent and plans for the business in the year ahead.
Axa Commercial to offer SME cyber insurance this year
Exclusive: Jon Walker, CEO of Axa Commercial, has revealed plans to roll out a cyber insurance product and service for SMEs in the next 12 months.
Editor's Picks: CII clashes, a bonfire of Brexit red tape & cyber criminality
As we approach the end of a non-stop January, the headlines that caught your attention on Insurance Post this month give a distinct flavour of what the rest of 2023 may hold in store for the industry.
How do you solve a problem like cyber?
News Editor's View: With high profile breaches becoming more and more common, is the industry well positioned to help small businesses with the growing threat of cyber attacks?
PRA stress tests raise concerns about reliance on reinsurers
The Prudential Regulation Authority intends to assess reinsurance risks that could threaten the financial stability of some general insurers later this year.