A survey of 500 UK and Irish board directors and C-suite leaders by the Corporate Governance Institute found that 86% of respondents believe their organisations have governance blind spots or weaknesses.

Arch Insurance International has launched an intellectual property consortium at Lloyd’s, aiming to expand capacity and standardise cover for businesses facing IP-related risks. The insurer will act as lead underwriter, supported by Axis, Everest, Hamilton, Probitas, QBE, SCOR and The Hartford. The facility offers up to US$40m in line size.

Flood risk analytics provider JBA Risk Management has updated its Global Flood Model, adding revised hazard maps, expanded climate scenarios and changes to exposure modelling.

Women in the risk profession frequently face biases in decision-making systems, informal channels and performance metrics throughout their careers, according to the Institute of Risk Management. It argues that success should be measured not just by operational or financial KPIs, but also by well-being, empathy and situational awareness.

Attacks on commercial shipping linked to the ongoing Middle East conflict are disrupting global supply chains, as vessels report being struck by “unknown projectiles” and operators alter routes and cargo plans. Several incidents have been recorded thus far, including a Thai-flagged commercial vessel being hit 11 nautical miles north of Oman, causing a fire on board.

Acrisure London Wholesale has entered the aviation insurance market with the launch of a specialist division. The unit went live on 16 March, with Jonny Rowling joining as senior vice-president and head of aviation, reporting to Tom Quy. He joins from Marsh, where he was co-head of general aviation.