QBE research reveals that 95% of UK businesses are already using or exploring the use of AI, even though 80% believe cyber threats are on the rise. Lloyd’s new CEO has told the market “As your new chief executive, I don’t profess to have all the answers. But in the spirit of openness, I will admit this: I have big dreams. And I cannot wait to begin this next chapter with you.” Last thing, we will be in Amsterdam next week for the European MGA Summit so if you are there please drop us a note!
UK firms leaning more on tech despite risks – QBE (Source: CIR Magazine)
According to QBE’s Control Risk Report, the number of significant UK cyber incidents will jump by 50% by the end of the year.
The stats: Q1 2025 sees commercial rates flattening, as experts predict market softening (Source: Insurance Age)
Acturis Group’s Commercial Broking Index has found that Q1 2025 saw a potential softening of the market, as commercial rates begin to flatten.
Tiernan sets out vision of openness as Lloyd’s CEO (Source: Global (Re)insurance)
New Lloyd’s of London chief executive Patrick Tiernan has spoken of his personal journey and professional mission in a candid blog post, pledging to lead the market with openness and pride in its unique strengths.
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