The COVID-19 pandemic and subsequent lockdown has changed the business landscape "irrevocably" and there will be "no return" to business as usual. This is the stark warning from business resilience group, Resilience First, which is urging businesses to use the 'forced reset' to reformulate responses to newly recalibrated systemic risks.

UK businesses will continue to benefit from credit cover as economy emerges from lockdown, following the agreement between the Government and private sector insurers of a landmark £10bn support scheme.

The power sector is struggling with COVID-19-related pressures, as workforce availability and supply chain continuity prove challenging. This comes at a time when the sector is already under pressure to fulfil its ESG commitments. On the plus side, some have taken advantage of the current decrease demand to proactively advance maintenance.

International loss adjuster Global Risk Solutions has today launched its London-based major and complex loss operation. Led by Mike Reeves in his role as the company’s director, Complex Claims Solutions will be supported by industry veterans, David Brocklehurst, as director of its global specialty markets division; Sarah Reynolds, as global head of cyber risks and Beverley Black as forensic accountant.

Centrica Business Solutions and AVK have this week agreed to work together to develop solutions for the datacentre market using gas engine power generation systems and other energy technologies, to combat the shortage of available grid capacity and to overcome changing environmental legislation around the use of diesel generation.

Traveller Assist has this morning announced the sale of its assets and intellectual property for an undisclosed amount to an as yet unknown insurer as part of a number of 'growth purchases'. Included in the sale is the firm's payment and insurtech platform, Payr, which was launched just two years ago.