Pharma recall wave signals wider industry problem

The pharmaceutical sector is facing a product recall wave suggesting that there is a supply chain risk the industry needs to address, not least because the insurance market is finding the exposure difficult to underwrite.

GDPR becomes major factor in M&A transactions

The EU’s General Data Protection Regulation (GDPR) has become a major factor in mergers and acquisition (M&A) transactions, adding complexity to the due diligence process and sometimes even causing deals to falter.

Reducing risk through wearable technology

Wearable technology is a hot new trend in the corporate world tracking, monitoring and providing risk workers’ activities while on the job. The goal is to use this data to determine the risk of injury and prioritize opportunities for improvement, such as engineering solutions, administrative/training enhancements or job modification.

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.

Ransomware attacks: To pay or not to pay?

Ransomware attacks are increasingly targeting companies and their executives may be tempted to pay the requested ransom quickly to bring operations back to normal. This is not a decision any company should take lightly.

Managing the growing risk created by the Internet of Things

The Internet of Things (IoT) is increasingly automating processes both in residential and commercial environments but the devices’ capabilities and the data they generate needs to be protected.

New kids on the block

Eager to snap up business in a hardening market, new capacity providers in the London market may offer attractive alternative options for insurance buyers.

How to cope with a challenging marine insurance market

Marine insurers are preparing markets for rate increases of up to 7.5% for the 2020/21 policy year. Such a move would hit the shipping industry at a difficult time.

Why ESG may be the next big thing in insurance

Companies are changing their reporting practices to better reflect their commitment to Environmental, Social and Governance (ESG) factors. Underwriters should take note.