The UK’s new corporate fraud offence has taken effect today, exposing large organisations to criminal liability if they do not put in place adequate measures to stop staff or agents committing fraud for corporate benefit. The provision, known as Failure to Prevent Fraud, was introduced under the Economic Crime and Corporate Transparency Act 2023.

Tokio Marine GX has officially launched as a fully operational underwriting business, offering what it describes as the market’s most comprehensive suite of specialist insurance and risk management solutions for companies on a decarbonisation journey.

Insurers are under growing pressure to integrate artificial intelligence into claims handling, but a new report has warned that efficiency gains may come at the cost of new liability exposures.
DAC Beachcroft’s AI in Claims study found that insurers see significant potential in generative AI to accelerate processes such as fraud detection, triage and analysis of unstructured data.

Enterprise risk management teams are being urged to strengthen their organisations’ readiness for extreme weather events, according to research by Gartner.

Bain Capital has agreed to buy Jensten Group from mid‑market private equity firm Livingbridge. The investment will be executed through Bain Capital’s dedicated insurance platform, with the deal expected to close in the final quarter of 2025 subject to regulatory clearance.

Research conducted by the University of Exeter suggests that a mix of policies is needed to accelerate the shift to near-zero emissions steel production. The report, Towards near-zero emissions steel: modelling-based policy insights for major producers, is part of the Economics of Energy Innovation and System Transition project, funded by the UK Government.