Professional services and technology business Davies has opened an office in Milan from which it will provide its third-party administration claims service and loss adjusting solutions to Lloyd’s underwriters, local Italian insurers and international carriers operating in the country. Enrico De Micco joins the firm to head up the new Italian office.

Starling Bank Limited has been fined £28,959,426 by the Financial Conduct Authority for financial crime failings related to its financial sanctions screening.

The British bank also repeatedly breached a requirement not to open accounts for high-risk customers, according to the watchdog.

Two-thirds of respondents to Airmic’s latest members’ poll believe that the Personal Injury Discount Rate for England and Wales should match the new PIDR for Scotland and Northern Ireland, which came into effect last week.

Hard market conditions in the property and business interruption are starting to turn, according to the WTW Power Market Review, published today. While lower-level attritional losses remain a constant in the power sector, the absence of larger losses in 2023 and 2024 is expected to lead to more competitive pricing.

The Chartered Insurance Institute has published its 2025 qualifications brochure, offering a range of career and educational pathways for both current and future insurance professionals.

Around 235,000 commercial properties sit in the direct path of Hurricane Milton, according to analysis from Moody’s. The value of the potentially exposed properties, including apartment buildings, offices, industrial buildings, hotels and retail sites, is US$1.1trn.