UK businesses are taking a more proactive approach to risk management than their global peers, according to Aon’s latest Global Risk Management Survey. Nearly eight in ten UK respondents say their boards are directly involved in risk oversight, compared with 61% globally, suggesting UK leadership is taking greater responsibility for organisational risk.

Aon has launched an AI-powered supply chain risk offering designed to help businesses identify emerging threats and manage their interconnected supply chain risks faster and with more clarity. The tool uses AI and data modelling to analyse the frequency and severity of supply chain events from more than 80,000 sources in over 200 countries.

Parametrix has estimated that this month’s Amazon Web Services outage may cost US businesses the equivalent of £430m to £560m in lost revenue and disruption. The disruption unfolded in two distinct critical phases, each with differing levels of severity and visibility. The first, and most severe, lasted around two hours and 36 minutes, impacting the majority of customers in the region. The second phase continued for about seven and a half hours but affected users more unevenly.

The Fidelis Partnership has announced the launch of Syndicate 2126 in partnership with funds managed by Blackstone, following in-principle approval from Lloyd’s. The syndicate, which is targeting the equivalent of £240m in gross written premium in 2026, will expand TFP’s role as a risk allocator for Lloyd’s capacity.

Preliminary estimates suggest that insured losses from this week’s Amazon Web Services outage could range between £29m and £436m. Analytics firm CyberCube says the event is expected to have a loss-ratio impact for cyber insurers in the low to mid-single digits, reflecting only a moderate insurance impact.

Cyber criminals are stepping up surveillance of British firms, scanning online devices more than 4,000 times a day to find weaknesses, according to data from BT. Automated bots are driving a 300% rise in malicious scans over the past year as attackers probe company networks and connected devices, from laptops and phones to office cameras.