Retailers back on alert after new wave of cyber attacks Retail When Asos customers were sent a cryptically-worded push notification on Tuesday last week, some shoppers thought they were being hawked the fast fashion retailer’s new Christmas collection. One thought the alert was “some crappy marketing scheme to get me to check the app and to view their snowflake collection,” they wrote on X. The notification [...]
Cyber insurers consider limiting coverage as sector scrambles to price agentic AI risks Insurance The cyber insurance market is facing a turbulent time as agentic AI hacks pose new challenges and threats. City AM understands underwriters and insurers are considering limiting coverage until they can quantify the risk this tech poses and price it. Cyber insurance has been a fruitful market over the past few years, with a spike [...]
FTSE 100 Beazley profit plunges as war roils insurance market Insurance FTSE 100 insurer Beazley said war and rising global risks were hitting the insurance market as it revealed that its profit more than halved in the first half of 2026. The insurer reported a pre-tax profit of $237.7m (£176.6m) for the first half of 2026, a 53 per cent fall from the $502.5m reported in [...]
Vertu Motors lands multi-million payout from JLR cyber-attack April 30, 2026 Vertu Motors has landed a multi-million pound payout after suffering from the disruption caused by a cyber-attack at Jaguar Landrover. The AIM-listed car dealership said it was able to agree a £3.9m business interruption claim from its insurers after the attack “disrupted JLR vehicle supply, parts availability and connected systems used by JLR franchised retailers.” [...]
The growing cost of cyber attacks: Why cyber insurance matters September 26, 2025 This year, headlines have been dominated by cyber attacks against prominent business names, causing disruptions and financial losses. But many of these businesses lacked a major tool: cyber insurance coverage. Marks & Spencer dominated the news in April and May after it was hit by a cyber attack, which forced the retail giant to suspend [...]
Cyber attacks cost European businesses over €300bn as insurance uptake lags September 24, 2025 Almost half of businesses in four of the largest European economies reported at least one cyber attack over the last five years, resulting in costs exceeding €300bn (£261bn). According to a new report by British insurance broker Howden, the cyber attacks on businesses in France, Germany, Italy, and Spain over the past five years equated [...]
The Long Tail: The crucial role of Managing General Agents September 17, 2025 As the fastest-growing segment in property and casualty (P&C) insurance globally, managing general agents (MGAs) are attracting significant investment and playing a crucial role in closing the protection gap. MGAs utilise capital from large insurers to underwrite on their behalf, allowing insurers access to specialised product lines without having to build in-house capabilities. In the [...]
Beazley: Shares slump after profit falls August 13, 2025 Shares in Lloyd’s of London insurance group Beazley fell more than 11 per cent after the company reported a sharp drop in profit for the first half of 2025. Beazley reported a profit before tax of $502.5m (£371.9m) for the six months ending 30 June 2025, down from the $728.9m reported in the first half [...]
Co-op boss confirms data of all 6.5m members stolen July 16, 2025 The chief executive of Co-op has confirmed that the personal data of all its 6.5m members was stolen during a major cyber attack in April, marking one of the most widespread data breaches in UK retail history. Speaking publicly for the first time since the attack, Shirine Khoury-Haq said the breach had a “devastating” impact [...]
NCC Group pivots on cyber security amid rising demand June 19, 2025 FTSE 250 tech firm NCC Group said it was changing the strategic direction of its cyber security division after revenue took a hit in the first half of the financial year. NCC’s revenue from cyber security tumbled nearly eight per cent to £123.5m for the first half of the year, down from £133.9m for the [...]