Cyber insurance is set for exponential growth over the coming decade but it remains a capital-intensive peril that requires structural innovation, according to analytics provider CyberCube.

FERMA has urged the EU to set up an expert group on climate protection gaps following the publication of a major study which it says underlines the need for a permanent body to advise on EU adaption strategy.

Rahul Gumber has been appointed chief risk officer at Axa UK & Ireland, joining from Aviva Canada where he is CRO responsible for leading the second line risk and compliance team. He previously held the same post at Aviva Ireland.

Almost half of companies in the FTSE 100 made prior year adjustments to their previously reported climate and sustainability metrics this year, according to analysis by Deloitte.

Water company bosses in England and Wales could face up to two years in prison under government proposals to ensure that firms provide prompt data over sewage pollution incidents. The move is one of a number of measures which also include giving regulators the power to block bonuses for senior executives who fail to meet high standards of environmental or financial conduct.

Following the relaxation of planning legislation in March to allow commercial buildings to be converted into new homes more easily, Zurich UK has warned that a surge in poorly converted offices could create homes unfit for future climate conditions.