Members of the International Underwriting Association are taking part in a live stress test exercise designed to assess the resilience of the London insurance market under extreme crisis scenarios. The Dynamic General Insurance Stress Test, run by the Prudential Regulation Authority, examines how insurers respond to fast-moving events, with a focus on balance sheet impacts and decision-making processes.

After hitting a record high of 4,134 events in Q4 2025, the number of European product recalls fell to 3,413 events in the first quarter of this year, according to figures from Sedgwick. The 17.4% decrease marks the most significant quarterly decline since Q2 2020, though recall activity remains high against historical norms.

The booming semiconductor market faces tight supply levels for the foreseeable future as demand from AI, satellites and robotic technology could see demand outstrip supply, according to Christophe Fouquet, CEO of European chip-making machine firm ASML.

Forecasters at the NOAA’s US National Weather Service are predicting a below-normal hurricane season for the Atlantic basin this year.

Three-quarters of UK businesses are concerned about the cyber risks arising from their vendors and suppliers using AI, yet only 28% of AI-using businesses have taken steps to assess or audit their third-party suppliers’ AI systems, according to research from insurer QBE.

Specialty and P&C reinsurer Canopius Group has launched a new cyber-triggered spoilage product designed to protect businesses when a cyber incident renders their perishable stock unsellable.