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The leading source of news, insights, and analysis for the UK general insurance market.
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News
Cyber policy wordings have potential to provide unintended AI cover – IUA
3+ week, 2+ day ago (1202+ words) Although believing that artificial intelligence is ‘an insurable exposure’, explicit coverage is still hard to find as use cases around the technology continue to evolve and differ vastly between businesses, says underwriting director Common clauses cited within cyber insurance policies…...
ABI urges government to harness commercial insurers to drive growth
3+ week, 2+ day ago (299+ words) proportionate and internationally competitive regulatory environment to enable insurers to contribute further through...
Aviva swerves any ‘big proclamations’ around redundancies as it continues AI investment
3+ week, 5+ day ago (718+ words) UKGI chief executive acknowledges that AI is ‘changing our business’, with staff headcount just one of many considerations the insurer is working through as part of its ongoing AI adoption Jason Storah, chief executive of Aviva’s UK and Ireland general…...
Marco Capital agrees acquisition of Pro Global to expand insurance business
3+ week, 3+ day ago (293+ words) Marco Capital has agreed to acquire insurance services provider Pro Global, in a deal that will combine the business with its existing PoloWorks platform. Read: BMS agrees sale of US reinsurance business to Willis Re The acquisition, which remains subject…...
Industry veteran secures £50m capacity for new MGA
3+ week, 2+ day ago (409+ words) ‘Securing £50m of capacity and underwriting authority is an important milestone,’ says chief executive New MGA Ragado has secured £50m of capacity and delegated underwriting authority through a five-year agreement with Accelerant, Insurance Times can reveal. Read: MGAs offer alternative channel as…...
Adler Fairways acquires commercial broker to extend national footprint
2+ week, 6+ day ago (265+ words) ’We are delighted that we were able to find a like minded partner in Adler Fairways,’ says managing director Read: Broker expands leadership team with new Birmingham and Bristol branch directors Not subscribed? Become a subcriber and access our premium…...
BMS agrees sale of US reinsurance business to Willis Re
3+ week, 4+ day ago (302+ words) BMS Group has agreed to sell its US reinsurance division to Willis Re as the broker sharpens its focus on other parts of its global reinsurance business. Read: BMS Group to relocate London headquarters Read: BMS Group partners with AI…...