Update – Government strengthens support for businesses

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The Chancellor Rishi Sunak has announced an update to the support programme that the UK Government is providing for businesses affected by the Coronavirus situation. Key changes* announced 3 April include: £90 million of business interruption loans approved for nearly 1,000 firms and £1.9 billion corporate finance provided to firms hit by COVID-19 current loan scheme extended so more small … Read More

What issues does the COVID -19 Global Pandemic present for Company Directors?

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It is quite clear now that we are living in unprecedented times for our globally interrelated economy. Indeed, the current estimates are that the financial impact of the present crisis will outstrip that of the banking collapse in 2007/8. It was during that time that we last witnessed close scrutiny of corporate governance, particularly in the financial institutions market. Many … Read More

PIB Group’s Response to the Coronavirus Pandemic

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We are very conscious of the difficulties and concerns that many of our clients and contacts will be experiencing during the Coronavirus pandemic. We want to reassure our clients of the measures we have taken to ensure that we continue to provide a high level of client service. Our priority is to maintain service to our clients, whilst ensuring the … Read More

Insurance Implications of Modular Construction

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With modular construction becoming increasingly more popular in the UK construction industry, Shaun Grainger, Sales Manager for Property and Construction, discusses the implications of insuring the modular build and what developers can do to ensure they are sufficiently covered. The UK national housing crisis and ongoing pressure to provide new housing is showing no sign of abating. More housing is … Read More

Warranty and Indemnity Insurance Spring Update 2019

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We reported in Autumn 2018 that the mergers and Acquisitions (M&A) insurance market is continually evolving. In our Spring 2019 update, we explore how the significant and positive impact of these developments are being felt by our clients and their professional advisors. In this guide we will review: Market Movement Pricing Claims Case Studies Summary – Market Engagement

Your questions answered on PIB’s Security for Expenses insurance solution

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PIB Insurance Brokers launched its brand new and unique Security for Expenses insurance solution earlier this year for property owners and developers. Since then, we’ve had a few questions about the solution and how it works, so we’ve put together some handy FAQs to help you decide if this is the right solution for you. The FAQs cover topics around … Read More

PIB and Lorica combine broking expertise for client benefit

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PIB Group has combined the talent and resources of two of its businesses (PIB Insurance Brokers and Lorica Insurance Brokers), in order to operate as one entity for the benefit of clients. The move is in response to PIB Group’s acquisition of Lorica earlier this year which has a similar size, geographic footprint and specialisms as PIB Insurance Brokers. Nigel … Read More

Warranty and Indemnity Insurance – 2018 update

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The Merger & Acquisitions (M&A) insurance market is beginning to move very rapidly with a constant influx of new underwriting capital. At PIB Insurance Brokers (PIB) we welcome this development as it delivers significant benefits to our clients and their professional advisors. In this guide we will review: Cover and market flexibility Process Pricing Market movement The key to ensuring … Read More

‘An exciting time for the W&I market’ says PIB Insurance Brokers’ David Walters

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PIB Insurance Brokers’ Warranty and Indemnity (W&I) specialist David Walters speaks to Insurance Age about the encouraging market conditions of W&I. David says the recent report by AIG that claimed there was an influx of new M&A insurers entering the space, is good news for brokers and their clients. David explains that over the last few years new underwriting competition … Read More

How the crackdown on corporate governance will affect all sizes of businesses

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This article was originally published on LinkedIn by David Walters, Director of Warranty and Indemnity for PIB Insurance Brokers. Click here for the original article. When Carillion collapsed on the 15th of January 2018, it led to increased calls for improved corporate governance and a more robust approach from ‘chronically passive’ regulatory authorities. The scope of the new governance regime … Read More