Getsafe expands its UK insurance by teaming up with GoCompare & more…Keep up with what has been happening this week in our latest insurance news round-up…

Lloyd’s of London has final Brexit transfer approval

Lloyd’s of London has finalised its Brexit continuity plan, as they announced the final approval has been secured to transfer European Economic Area policies to their insurance company in Belgium.

Arch Insurance has introduced terrorism insurance for SMEs in the UK

Arch Insurance has added a new terrorism insurance for small and medium-sized companies in the UK, which will be available as both a standalone policy or as an integrated part of an existing programme.

Getsafe expands its UK insurance by teaming up with GoCompare

Getsafe, a German digital insurance provider has partnered up with GoCompare to expand its UK insurance services further. This will allow Getsafe’s products to be listed as an option when customers use GoCompare.

External Cyber Incidents make up 85% of the value of claims in new report

In a new report by Allianz Global Corporate & Speciality which analysed 1,736 cyber-related claims from 2015-2020; it has been shown that external cyber incidents accounted for 85% of the value of the claims analysed.

Aon seeking EU approval to acquire Willis Towers for $30bn

According to a Reuters report, Aon is seeking antitrust approval from the European Union for it’s $30billion Willis Towers acquisition which will create the world’s largest insurance broker once the deal goes through.