The revised figures cut both ways. The Court of Appeal substituted £3,668,135 for the £7,114,167 the trial court had ordered specifically for trading losses. But it also removed a £2,847,038 credit the broker had been required to give for later selling parts of its business. The net effect was a £598,994 reduction, leaving the broker’s total award at £5,525,436.02. The separate damages awarded to the buyer were not affected, and the fraud findings themselves stand.
The urban tally sits inside a much bigger number. LexisNexis, which built its picture from satellite data captured by the Suomi National Polar-orbiting Partnership (excluding industrial fires and low-confidence readings), counted 4,659 wildfire detections across the UK in 2025. That’s the highest annual figure across the decade of data LexisNexis analysed, comfortably ahead of the previous high of 3,305 in 2018, and almost five times the 951 logged in 2024.
The owner’s broker, Borland Insurance Limited, had arranged cover through a Luxembourg insurer, Builders Direct SA, starting December 7, 2020. The policy carried two conditions that would later matter. It was written on the basis that there were no composite or sandwich panels at the unit – yet the building, once a cold store, was lined with them almost from floor to ceiling. And fire cover depended on the electrical systems being inspected within two months, by February 7, 2021. That inspection never took place.
For brokers, that gap is the real story. It suggests underreporting or informal resolution of injuries outside the claims process, rather than genuinely low exposure. Separate reporting on the same underlying research found theatre workers were far less likely than screen workers to feel confident raising safety concerns, with only 4% saying they always feel safe to report an issue, compared with 11% in the screen sector, reinforcing the likelihood that injuries are going unrecorded rather than not happening.
“While the international wealth insurance market has grown strongly in recent years, it still represents only a small proportion of the global HNW market, highlighting the significant opportunity given the structural drivers among HNW and internationally mobile affluent families. Expanding global wealth, growing demand for succession planning and increased wealth mobility create a compelling backdrop to maintain, or accelerate, the industry momentum seen over recent years.”
Intact Insurance has appointed Fraser Edmond (pictured, left) as vice president, commercial sales, distribution and marketing, effective from August 1. The newly created role reports to Tovah Grosscurth, commercial lines managing director.
Taz Chowdhury (pictured, centre) joins as risk engineer for power, also based in London, with close to seven years of engineering experience across the UK, MENA, Asia-Pacific and Europe. Chowdhury will support the power line of business across the UK and MENA, performing risk appraisals and surveys and providing technical input on claims, also reporting to Lisulo.
England gymnast Gabriel Langton was taken to hospital after a heavy fall during the men’s team gymnastics final at the Commonwealth Games in Glasgow last week, suffering concussion after landing headfirst off the horizontal bar. Days later, Singapore’s Jovi Loh was stretchered off with a serious knee injury during the men’s individual all-around final. Two incidents in the same week, in the same sport and, according to David Griffiths, senior advisor, sport and entertainment at Miller, exactly the kind of risk insurers watch most closely at a Games like this one.
Jones, author of Smart Safety: AI, Smartwear and the Impact on Construction Insurance, said the answer is not to resist technological change but to recognise that digital risks now deserve the same attention as traditional physical hazards. She believes the same is true of supply chain risk, which has evolved well beyond simple delays.
TEDmar offers a full package of cover for port and terminal operators and port authorities, spanning liability, property, equipment and operational risks. Cover extends to port property such as buildings, warehouses and hard standings, handling equipment ranging from forklifts to gantry cranes, and ancillary port craft including pilot cutters. Capacity runs to $25 million for both liability and property damage sections, with cover also available for business interruption losses tied to the operational assets that keep ports and terminals running.
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