Zurich Insurance has reached an agreement in principle on key financial terms of a takeover of Beazley, after months of rejected bids. In a statement issued this morning, the two companies said Zurich had raised its bid to 1,310 pence per share, up from the most recently rejected offer of 1,280 pence.

A reported delay to the Government’s proposed Cladding Remediation Bill is expected to prolong uncertainty across the construction professional indemnity insurance market, reinforcing conservative underwriting and limiting near-term relief in the market.

Databarracks has launched a tool designed to help organisations assess their ability to recover from cyber incidents and IT disruption. Based on more than 20 years of work in data protection and resilience, the Recovery Confidence Score combines operational, security, segregation, testing and validation factors into a single score out of 100. It is designed for repeated use, allowing organisations to benchmark recovery readiness and monitor change over time.

Insurers face an increasingly complex risk environment this year, driven by regulatory change, technological development and geopolitical uncertainty, according to RPC's latest outlook.

The Government has today published a plan aimed at protecting people and the environment from harmful ‘forever chemicals’. The PFAS Plan sets out a framework for action by government, businesses and regulators to better understand where PFAS chemicals originate, how they spread and how exposure to the public and the environment can be reduced.

Risk management professionals have experienced substantial pay increases, according to the RIMS 2025 Compensation Survey. Salaries for risk professionals rose 11% in the US and 15% in Canada since the last survey in 2023. Chief risk officers and vice-presidents of risk management saw the largest gains.