The issue of underinsurance among commercial properties in the UK has become increasingly concerning, particularly amid rising costs and supply chain disruptions. Recent findings from a report by insurance broker Gallagher reveal that nearly half—46%—of UK commercial properties are underinsured, a s
The COVID-19 pandemic brought unprecedented challenges to businesses worldwide, particularly in sectors like hospitality and leisure that faced long-term closures and significant revenue losses. Many businesses turned to their business interruption insurance policies for financial relief, only to
The excess and surplus (E&S) lines insurance market is experiencing notable trends and developments, as detailed in a recent article by Business Insurance. One of the most significant updates is Canopius US Insurance Inc.'s plan to launch excess casualty coverage by the end of the year, a
Personal Group Holdings has reported remarkable financial performance for the first half of 2024, showcasing significant growth in revenue and profit driven by market opportunities and strategic initiatives. The company witnessed a revenue increase of 14%, reaching £21 million compared to £18.4 m
In a remarkable development, arqu, a tech-focused wholesale insurance brokerage, has successfully raised $10 million in a Series A funding round. This significant round of funding was led by Crosslink Capital, with active participation from Intact Ventures, and saw support from existing investors
The notion of consolidating smaller fronting insurance companies into larger entities has gained significant traction in recent years, driven by the appeal of streamlining operations, reducing redundancy, and enhancing overall market efficiency. Proponents argue that fewer, larger companies would
