Willis has introduced a new parametric insurance policy that pays out automatically when a red weather warning is issued by the UK Met Office or Met Éireann. Developed in collaboration with Swiss Re Corporate Solutions, the product is particularly relevant for hospitality businesses.

Vehicle ramming attacks are on the rise globally. A stark illustration of the threat came on Sunday in Grand Blanc Township, Michigan, where at least five people were killed and eight others wounded after a gunman rammed a vehicle into a church, began shooting, and set a fire in an attack that remains under investigation.

Howden has expanded its renewable energy quote-and-bind facility across its UK network, following a successful pilot in Scotland. Backed by Aviva and accredited by Lloyd’s, the platform is exclusive to Howden’s UK retail network.

The Fédération Internationale de l'Automobile has launched a new taskforce to investigate the costs and availability of insurance in the motor sport market. The FIA is the global governing body for motor sport and also promotes safe, sustainable and accessible mobility for all road users worldwide.

Business leaders are sounding the alarm as global risk levels shift sharply over just eight months. Research from Beazley shows that geopolitical uncertainty, supply chain disruption and inflation are increasingly shaping business strategy and boardroom priorities. Political tensions are increasingly affecting profitability, dampening growth plans and prompting a reassessment of supply chains.

Nearly 90% of the world’s 3,700 major ports are exposed to climate hazards, including hurricanes, flooding, heatwaves and shifting ocean currents, jeopardising global supply chains and infrastructure. A new report from global transport insurer TT Club and engineering consultancy Haskoning warns that delaying adaptation risks escalating damage and costs.