Cyber
Coalition targets being core market player with broker only UK cyber insurance launch
Coalition is hopeful of becoming “one of the standard set of markets that domestic brokers approach for coverage” within 12 months after teaming up with Allianz to launch a cyber insurance product to SMEs and mid-market businesses in the UK, CEO Joshua…
Allianz partners with Coalition on UK cyber insurance
US based cyber insurance provider Coalition is entering the UK market after partnering with Allianz.
Acrisure targets SME brokers in M&A drive
Acrisure is set to target SME brokers in the UK and Ireland, following its Russell Scanlan buy, as it moves forward with its M&A strategy according to president, Mark McIlquham
Top 5: Most read on Insurance Hound in April and May 2022
Whitepapers from Insurance Post, Ansvar, AX, LexisNexis and SAS were most popular during the period.
Burns and Wilcox eyes £60m-£65m in GWP
The MGA and underwriting business has experienced “significant growth” since it was created in 2019 and is open to M&A as a tool for growth according to CEO, Stuart Kilpatrick.
Cyber insurance costs doubled in a year - Howden
Howden’s annual report on cyber has revealed the average cost of cyber insurance has doubled since last year due to an extreme supply-demand imbalance.
Biba pushes back against FCA letter
The British Insurance Brokers’ Association has criticised the tone taken by the Financial Conduct Authority in its letter to brokers and promised to respond to the watchdog to defend the work done by the sector.
Igo4 highlights benefits of robotic process automation
Igo4 has flagged how the implementation of robotic process automation has helped drive efficiency in the business and freed up staff to work on high value tasks over repetitive, monotonous operations.
Cyber pricing hardens over 30%, says Aon
Market conditions for cyber insurance in the UK remain challenging with prices hardening by over 30% for the first quarter, according to an update by Aon.
Ardonagh buys Alice Castle
Ardonagh Advisory has agreed to buy professional indemnity and cyber insurance specialists Alice Castle, Insurance Age can reveal.
Aviva halfway to regional underwriter recruitment target
Aviva has added a net 20 new underwriters to its underwriting team in the regions, chief distribution officer Gareth Hemming told Insurance Age.
Superscript launches ‘Daylight’ for digital asset businesses
Superscript has staked a claim to be the first Lloyd’s broker to launch a product dedicated to distributed ledger technology, digital asset, and blockchain businesses.
Biba’s White attacks FSCS funding model
Biba CEO Steve White has insisted that brokers “must not be left paying over the odds for the failures of others”.
Cyber hits top spot for schemes commission earnings
SchemeServe research shows that cyber has outpaced other insurance schemes with an 87% increase in commission earnings over the past six months.
Blog: Helping clients adopt MFA as a critical layer of cybersecurity
Davis Kessler, of Travelers Europe, explains why multi factor identification is a key weapon for businesses and brokers as they seek to prevent cyber attacks
Property pricing up 9% in Q1
Insurance pricing in the UK increased by 20% in the first quarter of the year but this was down on the 22% rise in Q4 2021, according to the latest research by Marsh.
Aviva calls on brokers to play key role in protecting clients from cyber risk
Aviva has urged brokers to help educate customers on how to improve resilience and ensure they have taken reasonable steps to protect themselves following alerts from government agencies that the commercial world faces an increasing risk of an online…
PIB snaps up international wholesale specialty broker Guest Krieger
The London Market broker writes specialty business mainly emanating from Israel but also from more than 30 other countries.
Pool Re boss Julian Enoizi to join Guy Carpenter
Enoizi will join the reinsurance broker on 11 April.
Beazley revamps underwriting team structure
Cyber risks to become a standalone division as part of the changes.
Q&A: Mike Keating – MGAA CEO
Ahead of the Meet the MGA event which takes place on 30 March in Birmingham, Mike Keating explains the value of MGAs to the broker space.
UK brings in sanctions blocking Russian access to aviation insurance
AM Best put ratings of suite of Russian insurers and reinsurers on negative watch at the start of the month.
Hiscox UK posts near 10% rise in GWP for 2021
The provider grew commercial lines business while personal lines shrank in the year.
Aon confirms cyber incident
Firm states its ability to serve clients has not been impacted by the event.