In his 2017 book The Square and the Tower, the historian Niall Ferguson says, a “realistic goal [to prevent network outage] is not to deter attacks or retaliate against them but to regulate all the various networks on which our society depends that they are resilient.” Better still, he says, we should aim to make such networks “anti-fragile,” referencing the term coined by Nassim Taleb (most well…
Charles Perry considers how the EU’s new regulations will affect the insurance market and enhance cyber resilience for businesses.
Type: Blog post
This month will see the roll-out of new legislation in England and Wales which will improve certainty and efficiency in the overall claims process. Legal costs have always proved to be a complicated area for claims professionals, with actual exposure unclear until quite late in a claim’s lifecycle. That in turn makes claims handling more difficult at precisely the time that businesses and…, New regime starting in October, From this month, the fixed legal costs regime will be extended to claims up to £100,000 in value (subject to non-monetary exceptions). In theory, this should result in a reduction in legal costs incurred, compared to the existing rules. The savings from the new regime are most likely to be felt by defendants and their insurance providers. Claimants’ lawyers however, are more likely to feel the…, The primary benefits, Lower value claims should become more proportionate. Claimant lawyers may choose to re-evaluate the way in which they manage claims. They may choose to settle claims earlier in the process where it’s likely to be more profitable, rather than spending hours pursuing claims as fixed rates make them less profitable. There’ll be greater certainty to what cost exposure exists from an earlier stage…, Faster claims handling, Additionally, claims are likely to be resolved more quickly. Traditionally, we have seen that more prescriptive legal processes tend to have a positive effect on timescales; fixed costs should eliminate much of the back-and-forth between lawyers on assessment. It will also some much-needed alleviation in court workloads. This change in regime, alongside other recent developments in the cost…
Daniel Cambage explains how this month’s changes to legal cost rules will provide further clarity to the litigation process.
Type: Blog post
Our Executive Team is connected to every facet of our business and is focused on driving strategy and leading change. Through the combination of their diverse backgrounds and expertise, our business is understood, inclusive, and always looking to the future.
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Berkley Specialty London’s Head of Commercial Property, Olly Durell, sits down with our newly signed Property Underwriter Jack Royce, to discuss how he’s settling in, and the team’s ambitious growth plans for Q4 and beyond.
Olly Durell sits down with our newly signed Property Underwriter Jack Royce, to discuss how he’s settling in, and the team’s ambitious growth plans for Q4 and beyond.
Type: Blog post
Berkley Specialty London Privacy Policy
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This Cookies Notice “Notice” describes the different types of cookies that are used on this website. We may change this Notice at any time. Please take a look at the last revised date at the end of this Notice, to see when this Notice was last updated.
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This website has been prepared solely for the purpose of providing information about us and the services and products we offer. This website has been compiled by us in good faith. However, no representation is made as to the completeness or the accuracy of the information it contains. In particular you should be aware that this information may be incomplete, may contain errors or may have become…
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Berkley Specialty London is the trading name of W. R. Berkley Syndicate Management Limited and W. R. Berkley UK Limited.
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If you have, or had, an insurance policy with us and you are dissatisfied with your policy and wish to make a complaint, you can do so any time by referring the matter to the Compliance Department, Berkley Specialty London, 14th Floor, 52 Lime Street, London, EC3M 7AF, [email protected]
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A New Name, A Continued Commitment to Excellence, , London, UK – 6 June 2025, – W/R/B Underwriting, a leading provider of specialty insurance solutions, is proud to announce its official rebrand to, Berkley Specialty London, , effective today. This strategic change marks a significant milestone in the company’s evolution and reflects its alignment with the globally recognised Berkley brand. The rebrand to Berkley Specialty London underscores the company’s continued commitment to delivering exceptional underwriting and claims handling expertise, long-term stability, and service excellence—while embracing a stronger,…
London, UK – 6 June 2025 – W/R/B Underwriting, a leading provider of specialty insurance solutions, is proud to announce its official rebrand to Berkley Specialty London, effective today.
Type: Blog post
