New UK food labelling regulation raises product recall risk

Cyber criminals target the F&D sector

Covid-19 disruption reaches product recall insurance market

Market conditions for product recall insurance buyers are changing due to uncertainty around pandemic-related claims as well as a general push for profitability by some insurers.

Covid-19 shifts insurance conditions for food & drink businesses

Insurers are facing higher claims pressuring underwriting profitability at the same time as investment returns are declining due to disruption on capital markets. This will affect the sector’s risk appetite and the food and drink sector will need to prepare earlier and more carefully for renewals to secure the desired protection.

Product recall insurance: market update Q1 2020

The product recall market saw a significant amount of renewals and new business coming into Lockton London for 1/1 and this has provided a good gauge on the state of this niche market which we would like to share with current and prospective clients.

New UK guidelines to boost food recall cases

Product recalls are set to increase off the back of new guidelines by the UK’s Food Standards Agency (FSA) specifying the processes to trace and remove unsafe food items from the market.