The House of Lords Industry and Regulators Committee will tomorrow open its inquiry into the regulation of the commercial insurance and reinsurance market. With initial evidence from LIIBA and the London Market Group, the committee will explore whether regulatory policy is suitably designed and proportionately applied.

A new McKinsey report has taken an holistic view of the global transition to net-zero by 2050 across all sectors of the economy, with the consultancy predicting that it would mean a fundamental transformation of power, industry, mobility, buildings, agriculture, forestry and other land use, and waste.

International SOS has rolled out a new risk management tool to provide personalised information and advice on how to plan travel amid COVID.

Consumer concerns over the spread of the Omicron strain impacted on retail sales during December as the buoyant early Christmas shopping figures of November fell by 3.7% the following month.

The UK government has proposed wide-ranging new laws aimed at strengthening the country’s cyber resilience. The move comes after a rise in incidents targeting national infrastructure around the world. Among the measures outlined are improvements in the way organisations report cyber security incidents, and new laws to drive up security standards in outsourced IT services used by almost all UK businesses.

The top challenge currently facing London Market companies is climate risk, a new International Underwriting Association survey has revealed.