MS Amlin has bound a reinsurance scheme that could provide up to €1bn in cover annually for Ukraine’s SMEs. Developed with the European Bank for Reconstruction and Development and Aon, the scheme aims to bolster Ukraine’s war risk insurance market by enabling local insurers to begin offering inland cargo and transport cover for SMEs.

Axa XL has joined forces with Nature Positive to produce a guide for the risk management community to help identify, assess and mitigate nature-related risks. The report explores the opportunities and risks across seven industries with critical relationships to nature, including chemicals; construction, agriculture and renewable energy generation.

Enterprise risk management teams could increase their efficiency and drive better risk insight and mitigation by using generative AI tools. Highlighting the ways in which typically resource-constrained ERM teams can increase efficiency, Gartner proposes that ERM professionals use GenAI as a communicator, notetaker, researcher, librarian and trainer.

UK business insolvencies totalled 26,708 in 2024 representing a drop of 5% on the previous year, bucking the global trend. They are forecast to drop by 3% this year and 7% in 2026. In contrast, global business insolvencies were up 10% in 2024 with increases of 6% and 3% expected this year and next, according to the latest Allianz Trade Global Insolvency Report.

Commercial property insurance group FM today began construction at its new Science and Technology Centre in Luxembourg. The new facility will serve as its central hub for research, innovation and client engagement in EMEA. Luxembourg has been home to the group’s European headquarters since 2017.

Howden Scotland has acquired the book of business of Edinburgh-based SKB Independent Insurance Brokers. Founded by CEO Satvinder Breeze, SKB provides insurance services to businesses throughout Scotland and the UK. SKB has been rebranded as Howden, and will be integrated into the existing Howden Scotland team based in Edinburgh.