For well over a century, ever since Carl Benz produced the first combustion engined vehicle in 1886, car makers have been locked in fierce competition to produce the most efficient and capable engines. Yet growing concerns about the environmental impact of fossil fuels in recent years has prompted a radical rethink, with manufacturers now competing to be front runners in the electric vehicle (EVs) revolution. However, with EV batteries considerably heavier than combustion engines, this sudden and dramatic shift is fundamentally changing the risk profile of vehicles on our roads. […]

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It’s an exciting time to have joined Optio’s specialist nuclear insurance vehicle, Northcourt, as Senior Advisor and I very much hope that I can put my experiences and knowledge of geopolitics, risk management, the nuclear industry and my seven years at Pool Re as Chief Resilience Officer to good use. As with any difficult-to-insure risk, such as nuclear, the insurance industry has a key role to play and at Northcourt, we believe that there is much more that the private sector and the insurance industry can do to remove some of the contingent liability that the Government currently holds on its balance sheet. […]

Gallagher Re, the global reinsurance broker, today announces that it has acquired the business and assets of Bay Risk Services Limited (“Bay Risk”), a member of the Optio Group, for an undisclosed sum. Established in 2016 as a London-based, independent Lloyd’s broker, Bay Risk specialises in structuring and placing contracts of delegated underwriting authority and, with its eight-strong team, manages gross written premiums (“GWP”) of US $210 million. […]

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