News

Insurance

Pen anchors marine expansion with Amphitrite yacht underwriter

The new hire will spearhead Pen’s growth in yacht insurance, building marine specialism.   28 November 2024

Insurance

Aviva offers £3.3bn cash & equity for Direct Line, gets quick rebuff

Aviva wants more retail, sees cost & capital synergies in shift to capital-light lines.   28 November 2024

Insurance

MS Amlin’s H1 2024 profit jumps to £87m from £4m in 2023

The Lloyd’s underwriter said the increase was driven by an improvement in underwriting profit.   25 November 2024

Insurance

Supply chain cyber is the new ransomware, up 5x over recent years

Manufacturing is a juicy target with easy access: risk scores run 12% below average.   25 November 2024

Insurance

Tokio Marine has M&A in sight; more could come if market softens

CEO Komiya has ‘high expectations’ that M&A valuations will temper as rates slide.   27 November 2024

Insurance

North American miners get softer rate as London & locals add capacity

Single digit rate decline is increasingly common for loss-free accounts, Marsh says.   26 November 2024

Insurance

Aon solidifies Japan market focus with new M&A deal

‘This acquisition reinforces our investment in Japan as an important market for Aon.’   27 November 2024

Insurance

UK firms have lost 1.9% of revenue on cyber events over past 5Y

Investing in core security strategies may bring a 25% return on investment, Howden says.   25 November 2024

Insurance

McGill, TMK and Convex join forces for new trade disruption facility

It will use AI to support underwriting and understanding of trade disruption risk.   26 November 2024

Technology

WTW teams up with Kayna and Vibrant to enhance cybersecurity insurance

The partnership aims to provide real-time cybersecurity alerts to at-risk vendors.   22 November 2024

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