News

FCA Hits JLT Specialty With £7.8M Fine

Here’s the latest from the FCA; The Financial Conduct Authority (FCA) has fined JLT Specialty Limited (JLTSL) £7,881,700 for financial crime control failings, which in one instance allowed bribery of over $3million to take place. […]

Global insurance trends

New Shipping Claims Report From Allianz Global

The international shipping industry is responsible for the carriage of around 90% of world trade, so vessel safety is critical. The sector continued its long-term positive safety trend over the past year but Russia’s invasion […]

Global insurance trends

US Market: Pailisade Launches Legal Risk & Specialty Products

Some US market news; Palisade Insurance Partners has announced the launch of its business to provide a range of contingent legal risk insurance and other specialty insurance products across the U.S. and International markets. Headquartered […]

Insurance Brokers

Comment Invited on National Underground Assets Register

Insuring underground assets can be tricky and there’s no way that satellite imagery can offer the full picture for insurers and Specialty brokers. So a national register is a smart move. Those working in Underwriting, […]

News

CFC Updates Tech & Media Coverage

CFC, the specialist insurance provider, pioneer in emerging risk and market leader in cyber, today unveils its revamped policies for tech and media companies which deliver comprehensive cover for the exposures these companies face today […]

News

Liberty Syndicate 4472 Doing Rather Well

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has reported that Syndicate 4472 achieved pre-tax operating income for 2021 of £89.7m (2020: £157.1m). The Syndicate achieved a combined operating ratio of 89.4% compared […]

News

M&A: Marsh Report Identifies Transactional Risks

According to a new report by Marsh, the world’s leading insurance broker and risk advisor, private equity firms, corporations, and strategic investors around the world increasingly turned to transactional risk insurance in 2021 to reduce […]