INSURANCE INSIGHTS FOR THE GLOBAL FINANCIAL SECTOR
FINANCIAL & PROFESSIONAL SERVICES
The financial services sector is affected by a constantly changing environment encompassing global economic shifts, political instability and regulatory enforcement. At Gallagher Specialty we provide a range of risk management solutions for the financial services sector and our teams regularly compile global reports covering insurance market conditions and topical articles across M&A, Management Liability, Tax, Contingent Risks, Trade Credit and more.
Intangible Risks, Concrete Examples: Infrastructure & State-Sponsored Cyber in Focus
In this podcast, Sneha Nichols‑Dawda, Crisis and Security Strategy Consultant at AnotherDay, a Gallagher company, discusses risks related to digital infrastructure and cybersecurity, particularly in the context of geopolitics and corporate espionage
Expropriation risk in the mining industry: Focus on Sub-Saharan Africa
In this podcast, Rupert Morgan, Executive Director at Gallagher Specialty, examines the complex world of political risks faced by the mining industry in Sub-Saharan Africa. With a focus on the expropriation risks that mining investors must navigate, Rupert provides insights into the current landscape of political risk insurance, highlighting key trends and challenges in the region.
Cyber Insurance Market Update
The prevalence of cyber risks is steadily escalating due to the ever-changing global regulatory landscape and rapid technological advancements, such as cloud technology and artificial intelligence. With businesses increasingly dependent on technology, their vulnerability to potential cyber risks also intensifies.
The Must-Have Cybersecurity Measure: Multi-Factor Authentication for Law Firms
In an era where cybersecurity threats are escalating, the protection of your law firm’s digital assets is more crucial than ever. This article explores why MFA is critical for law firms and the potential risks of neglecting its implementation.
Law firms are increasingly attractive targets for cybercriminals – but what can you do about it?
Cybercriminals typically have three objectives when they attack a business: money, status and data. As law firms possess a wealth of privileged information, they have become attractive targets for hackers seeking valuable data.
The Rise of Triple Extortion Ransomware
It's no secret that cyber-attacks have been on the rise in recent years, with ransomware being one of the most prevalent forms of attack. According to Former UK Government Intelligence Specialist Matt Lane, triple extortion ransomware is now one of the greatest cyber threats facing organisations.
Greenwashing vs. Greenhushing
How do companies find the right balance regarding ESG?
ESG may have existed for 20 years, but it is now at the forefront of corporate strategy. As the energy transition progresses, consumers, investors, and talent are all increasingly focused on sustainability, and a company’s ESG credentials can act as a powerful differentiator.
Directors' & Officers' Insurance: Global Market Update
This report highlights key developments, trends, and challenges observed in 2023 and offers insights into the outlook for 2024. From pricing fluctuations to capacity adjustments, and from emerging risks to regulatory shifts, we have offered our perspective on the state of the D&O insurance market for each territory.
Structured Credit & Political Risk Insurance Update
In this report, we look at global macroeconomic challenges and, in particular, how they have affected risks faced by those trading with or investing in a range of emerging markets. We also provide an update on the Structured Credit and Political Risk insurance market, address changes in capacity, and highlight recent market moves.
Fundamental Warranties Market Update: Warranty & Indemnity vs. Title Insurers
There has been a notable shift in the insurance market's appetite for ensuring fundamental warranties, marking a significant development in transactional risk management. Learn more about the current insurance market position and offers insights for clients to navigate and access the coverage they require.
Cyber Market Update H1 2023
2023 followed several turbulent years for the global cyber market. It is no secret that 2020 and 2021 were severely unprofitable for cyber insurers globally. Carriers were forced to put the brakes on; many stopped writing new business or dropped limits and coverage for renewals while everyone grappled to understand what a good risk genuinely looked like.
Structured Credit & Political Risk Insurance Update
In this report, we look at global macroeconomic challenges and, in particular, how they have affected risks faced by those trading with or investing in a range of emerging markets. We also provide an update on the Structured Credit and Political Risk insurance market, address changes in capacity, and highlight recent market moves.
Financial Institutions: London Market Conditions
Despite some headwinds from macro-economic conditions, the insurance market continues along its softening trajectory from 2022. Increased competition, stability of capacity and more willingness to take risk by insurers results in a favourable market place for buyers.
The Pitfalls of Blindly Relying on AI
In recent years, AI has made significant strides in the legal industry. From streamlining research to automating administrative tasks, AI has shown immense potential to enhance efficiency and accuracy. However, it is crucial to exercise caution and recognise the dangers associated with over-reliance on AI systems.
Operational Risks Bulletin
Technical Director, Tom Falcon, of the Gallagher Specialty Financial Institutions team gives his commentary on the insurability of recently reported, large, operational risk events. Each month Risk.net issues details of the top five events and we consider the relevance of insurance and the extent to which coverage is available.
Global M&A Insurance: 2023 Review & 2024 Outlook
In our latest Global M&A Insurance Report, our specialists share their reflections on the market activity of 2023 and their forward-looking outlook for 2024. Taking into account a turbulent 2022, our latest report reviews a challenging 2023 for the W&I market, confronted by high interest rates, geopolitical tensions, regulatory intervention and other macroeconomic headwinds.
Global M&A Insurance
2022 has been turbulent for the wider M&A industry, despite a record breaking year for M&A insurance in 2021. Whilst the global pandemic started to fade at the beginning of the year, other political and economic events have forced deal-makers to stall on some of their investments.
Global M&A Insurance: 2023 Mid-Year Market Update
It has been a difficult start to the year for most M&A practitioners. Geopolitical uncertainty and continued high interest rates have caused deal flow to fall year-on-year. However, on the positive side, insurers have used the downtime to innovate and create bespoke solutions in order to differentiate themselves and win business.
Legal Indemnity Insurance Update
As predicted in our February 2022 update, on account of an increase in claims, we have seen insurance rates within the legal indemnity / title insurance market slowly increasing, particularly with regards to Rights of Light coverage. Simultaneously we are seeing capacity reduce further in the title to shares insurance market -although the title to real estate has not been affected.
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