Cyber
British businesses embracing AI – QBE
More than 9 in 10 UK businesses (95%) are now using artificial intelligence or looking into it, according to research by QBE.
Downey on getting Pen to £1.75bn by 2030
Having hit its goal of £1bn gross written premium a year early in 2024, Pen Underwriting has set its sights on £1.75bn by 2030. CEO Tom Downey tells Insurance Age about the strategy of organic growth, product development and acquisitions now in place to…
UK firms underestimating cyber attack vulnerability with smallest most at risk
Businesses in the UK and Ireland are five times more likely to be the target of a cyber attack than suffer flood damage and yet only 47% have dedicated cyber cover, according to research from Pen Underwriting.
Interview: Mike Crane, SME & Specialty director at Axa Commercial
In his first interview since starting at Axa Commercial as SME and specialty director this January, Mike Crane tells Insurance Age about his key message to brokers at the upcoming Biba Conference, what he has found at his new home and his plans for the…
Axa Commercial to enter cyber market for SMEs in 2025
Axa Commercial will roll out a branded cyber product aimed at SMEs this year, Mike Crane told Insurance Age.
Biba 2025 Countdown: Coalition’s Tom Draper
Coalition UK managing director Tom Draper looks forward to filling an extra bag with Biba swag and giveaways; explains why Oasis’ Stand By Me sums up the event perfectly; and explains how it will be supporting brokers with relevant, real-world content on…
UK commercial rates falling faster – Marsh
The pace of UK commercial insurance rates dropping quickened in the first quarter of the year, outstripping the global fall.
FOI: Cyber incidents reported to FCA by brokers seesaw
A Freedom of Information request by Insurance Age to the Financial Conduct Authority has shown swings in the levels of general insurers and intermediaries reporting cyber incidents to the regulator with a general downward trend over the last three years.
Cowbell makes first move beyond standalone cyber insurance in UK with PI launch
Cowbell, provider of cyber insurance for SMEs and middle-market businesses, has launched professional indemnity and cyber cover for technology companies with up to £1bn in annual turnover.
Two specialty MGAs set to merge
Managing general agents Nirvana and Pulse have announced plans to merge their businesses.
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.
HDI takes Breese from Arch as cyber leader
HDI Global UK and Ireland has recruited Marcus Breese as head of cyber underwriting, joining from Arch Insurance International.
Confidence on growth stays stable as regulation remains to the fore
Around nine in ten leaders continue to feel upbeat about growth prospects for the second quarter of 2025, according to the latest findings in the KPMG UK Financial Services Sentiment survey.
Meet the MGA: Aspect
Following its recent brand refresh Oli Williamson, co-founder and chief underwriter, explains how Aspect is seeking to expand its core mid-corporate market offering into new areas such as terrorism and cyber – with an eye very much on how it can leverage…
Meet the MGA: Elmlake Underwriting
A seasoned professional indemnity underwriter, Darren Galloway, managing director of new MGA Elmlake Underwriting, explains how it plans to fuse both traditional and modern approaches to offer a one-stop shop for brokers and their clients.
MGA launches mid-market cyber product
Cyber manging general agent Onda has launched Onda X, a new product that supports mid-market companies in the UK and France.
Real-life examples of SME cyber attacks needed to drive uptake – FSBIS’s Katie Freemantle
Managing director of FSB Insurance Service, Katie Freemantle, said there are not enough examples of SMEs that have suffered from a cyber attack to show real risks to small businesses.
Beazley posts record profit as premium tops $6bn
Beazley has reported insurance written premiums jumped 10% to $6.16bn (£4.84bn) for the year ended 31 December 2024.
Aviva gives e-trade brokers commission flex up to 35%
Aviva has written to brokers that use its own e-trading platform Fast Trade – as well as Acturis E-Trade – telling them they can set their own commission rates within set parameters, Insurance Age has learned.
Insurers and brokers must develop services to help customers understand risks – Neil Galjaard
A panel at the Association of British Insurers annual conference explained SMEs and mid-corporate businesses need education on risk management, with insurers and brokers playing a key role.
CII New Gen group targets building confidence in insurance profession
A report published by the Chartered Insurance Institute New Generation Programme 2023/24 London Market Group has looked into how the insurance profession can help to build public confidence.