Thursday 30th June 2022
Professional Indemnity (PI) Q&A with Neon Mavromatis, Managing Director, Construction, Kerry London

Q: The PI market has gone through a difficult couple of years with premium increases, is this situation continuing, or have things improved? A: So far this year, we are starting to see professional indemnity (PI) premiums levelling out. While rates are not going down, we are not seeing the significant spike in rates that […]

Wednesday 22nd June 2022
Construction growth slows for the first time in five months

Neon Mavromatis, Managing Director, Construction, summarises the latest data from The Office of National Statistics (ONS) regarding monthly construction growth.  Construction output has fallen after five consecutive months of growth, figures from the Office for National Statistics (ONS) reveal. Monthly construction output decreased by 0.4% in volume terms in April 2022; this is the first monthly […]

Monday 13th June 2022
Preparing for increased regulation

Following several high-profile financial scandals, including the collapse of Carillion, Bargain Booze owner Conviviality, Silent Night, Thomas Cook and Patisserie Valerie, many accountancy firms are facing further regulation from the Government. The reforms to modernise the country’s audit and corporate governance regime consultation is designed to overhaul auditing and corporate governance and could have far-reaching […]

Thursday 26th May 2022
Film Completion Bonds: Guaranteeing Film Production 

Our Film Insurance experts had a great time at the 75th annual Cannes Film Festival 2022. Cannes is considered one of the most prestigious film festivals globally. After their movies performed well at the festival, it influenced the launch of many influential filmmakers’ careers, including Quentin Tarantino and Guillermo del Toro. Like most film festivals, Cannes […]

Tuesday 19th April 2022
Why have bonds become so important to the UK construction market?

In times of prolonged economic uncertainty, the demand for Guarantee Bonds has grown significantly within the UK construction industry. Due to the financial impact of recent global events, many firms are contractually required to have a guarantee bond in place to protect their Employer in the event of the Contractor’s default on their contractual obligations […]