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Category: Lloyd’s of London

  • AI Is Changing AI Business Risk – Is Your AI Business Risk Insurance Keeping Pace?

    AI Is Changing AI Business Risk – Is Your AI Business Risk Insurance Keeping Pace?

    Artificial intelligence is no longer something businesses are planning to adopt in the future, it’s a business risk that your insurance needs to cover. Your business needs to evaluate its AI business risk now.

    AI is already embedded into day-to-day operations.

    Employees are using AI to prepare reports, write marketing content, analyse data, assist with customer communications and improve productivity. Increasingly, AI is also supporting operational decisions across manufacturing, construction, logistics and professional services.

    For many organisations, this has happened organically – with little formal governance or consideration of how AI changes their overall risk profile.

    That’s why AI has become a business risk issue rather than simply an IT issue.

    The technology itself isn’t inherently risky. The challenge is ensuring that governance, contracts, cyber security and insurance evolve alongside it.

    Research from the British Chambers of Commerce suggests AI adoption among UK businesses is accelerating rapidly, while governance and internal controls are struggling to keep pace.

    AI creates different risks for different industries

    One of the biggest misconceptions is that AI creates the same risks for every business.

    In reality, the insurance implications depend entirely on how AI is being used.

    Construction

    Construction businesses are increasingly using AI to assist with estimating, bid preparation, project planning and document management.

    While these tools improve efficiency, businesses should consider what happens if AI-generated specifications, quantities or documentation contain errors that contribute to contractual disputes or professional negligence claims.

    Professional Indemnity insurance and robust review procedures become increasingly important where AI assists decision-making.

    Manufacturing

    Manufacturers are beginning to use AI to optimise production schedules, quality control and predictive maintenance.

    While these technologies can improve efficiency, businesses should also consider product liability, machinery breakdown and business interruption risks if automated systems make incorrect recommendations or contribute to operational failures.

    Accurate Business Interruption values and Machinery Breakdown cover become increasingly important as production becomes more technology-dependent.

    Haulage & Logistics

    The transport and logistics sector is rapidly adopting AI for route optimisation, fleet management and predictive maintenance.

    As more operational systems become digitally connected, businesses should consider the cyber implications alongside traditional fleet and Goods in Transit risks.

    An AI-enabled business is often a more connected business – and greater connectivity can increase cyber exposure.

    Professional Services

    Perhaps the biggest insurance implications exist for businesses whose advice forms part of the service they provide.

    Whether producing reports, financial analysis, legal documents or consultancy recommendations, AI should support professional judgement – not replace it.

    Businesses should review whether their Professional Indemnity insurance reflects how advice is now being created and delivered.

    Insurance isn’t the only consideration

    Insurance forms one part of effective AI risk management.

    Businesses should also consider:

    • Do we have an AI policy?
    • Which platforms are approved for business use?
    • Can confidential client information be uploaded?
    • Who reviews AI-generated content?
    • Do supplier and customer contracts reflect our use of AI?
    • Are directors comfortable with the governance arrangements?

    Simple governance today can help prevent much bigger issues tomorrow.

    AI doesn’t replace accountability

    One principle remains unchanged.

    If an employee relies on AI to make a decision, produce advice or communicate with a client, responsibility still sits with the business – not the software.

    Human oversight remains essential.

    Is your insurance evolving with your business?

    Most commercial insurance policies weren’t written with generative AI specifically in mind.

    That doesn’t necessarily mean AI-related claims won’t be covered—but it does mean businesses should regularly review how emerging technologies are changing their risk profile.

    At Readhunt, we work closely with businesses across construction, manufacturing, haulage, logistics and professional services to ensure their insurance programme reflects how they operate today – not how they operated five years ago. View more on our Cyber Insurance page.

    As AI continues to reshape the way businesses work, reviewing your insurance alongside your wider risk management strategy has never been more important.

  • Meet the Team: Spike Dolphin, Divisional Director, Readhunt London Markets

    Meet the Team: Spike Dolphin, Divisional Director, Readhunt London Markets

    As Readhunt London Markets continues to evolve, we’re introducing the people behind the business. First up is Spike Dolphin, Divisional Director, whose career in the Lloyd’s and wider London insurance markets spans more than a decade. We sat down with Spike to learn more about his journey into insurance, his vision for Readhunt and why relationships remain at the heart of everything he does.

    Tell us about your career journey

    Like many people, I never planned to end up in insurance.

    With a place at university confirmed, I decided to take some work experience during the summer to get a feel for working life before making a final decision. Two months later, I was offered a job and realised I would be better suited to spending three years learning on the ground rather than obtaining a degree.

    Ten years on, I can confidently say it was the right decision.

    Since starting my career in 2015, I’ve developed broad experience across the Lloyd’s and London markets, working with clients and underwriters across a range of classes. Throughout that time, I’ve built my approach around strong relationships, clear communication and finding practical solutions that create long-term value for clients.

    What is your vision for Readhunt London Markets?

    My vision is to build a brokerage that clients turn to regardless of market conditions.

    Insurance markets will always move through hard and soft cycles, but those factors are outside any broker’s control. What truly differentiates a business is its service, expertise and relationships.

    Our success comes from delivering an unrivalled level of service and maintaining strong, trusted relationships with both clients and insurer partners. By understanding our clients’ needs, providing honest advice and leveraging the right market connections, Readhunt can consistently deliver the solutions clients require whatever the market environment.

    The goal is simple: to be the first call our clients make because they know they will receive exceptional service, expert guidance and a team that will always go the extra mile on their behalf.

    How has the market changed since you began your career?

    Over the last decade, the market has continued to evolve through increased digitalisation and more efficient ways of trading business. However, one thing hasn’t changed: insurance remains a people business.

    Relationships with brokers, underwriters and clients are still fundamental, and the real differentiator is having the right team around you. The best outcomes are rarely achieved by one individual alone; they come from talented people working together, combining expertise, trust and a shared commitment to finding solutions.

    That’s what will continue to drive success in the years ahead.

    What qualities are most important in this industry?

    For me, it comes down to three things: trust, expertise and service.

    Clients need confidence that you understand their challenges and have access to the right solutions. Equally important is building lasting relationships with insurer partners and maintaining a collaborative approach.

    Ultimately, this industry is built on people, and reputation is everything.

    What do you enjoy outside work?

    Outside the office, you’ll usually find me on a golf course or a padel court.

    While both provide a welcome break from the day-to-day, I’ve always found they offer something more valuable too – an opportunity to build and strengthen relationships away from the trading floor. In an industry built on trust, some of the best conversations happen outside the office and those connections are often just as important as the deals themselves.

    Looking ahead

    I’m excited about what lies ahead for Readhunt London Markets.

    As we continue to grow, our focus will remain the same: building the right team, strengthening relationships and delivering the service and expertise that clients value most. Markets will continue to change, but by staying close to our clients and working collaboratively with our partners, we’ll continue to create solutions that stand the test of time.

    For more information about Readhunt London Markets, contact spike.dolphin@readhunt.co.uk.

  • Are you looking for a role where you’re closer to clients and the market? Join us as an Account Handler

    Are you looking for a role where you’re closer to clients and the market? Join us as an Account Handler

    About Readhunt

    Readhunt Corporate Insurance is an independent and service-driven corporate insurance broker, specialising in insurance solutions for sectors such as construction, haulage, manufacturing, and logistics. With over 20 years of experience. Trust, sector expertise, and a people-first approach define Readhunt’s commitment to protecting businesses and supporting their growth.

    To support our continued growth, we need another Account Handler to join our London Markets team in our London office.

    The role

    • Managing renewals, mid-term adjustments and new business enquiries
    • Handling inbound and outbound calls with brokers and insurers
    • Supporting Account Directors with placement and client servicing
    • Building and maintaining strong, long-term client relationships
    • Ensuring accurate documentation and compliance standards
    • Supporting with claims queries (basic claims knowledge beneficial)

    About you

    • 4+ years of insurance experience
    • Experience within commercial insurance (broker background preferred)
    • Confident communicator with a client-focused approach
    • Strong organisational skills and attention to detail
    • Proactive and service-driven mindset
    • Acturis experience essential
    • Cert CII (or working towards) beneficial
    • Basic claims knowledge beneficial

    Why Readhunt

    • Independent, relationship-led broker
    • Exposure to a range of commercial clients and risks
    • Collaborative, growing team
    • Opportunity to develop and progress within the business 

    Salary

    £40,000 – £45,000 (salary dependant on experience)

    If you’re looking to be part of a business where relationships and quality of advice matter, get in touch.

    Email Spike Dolphin directly to find out more and apply: spike.dolphin@readhunt.co.uk

  • Readhunt Celebrates Achieving Lloyd’s Broker Registration 

    Readhunt Celebrates Achieving Lloyd’s Broker Registration 

    At Readhunt, our priority is always to provide insurance solutions that truly fit your business. That’s why we’re excited to share that we have secured Lloyd’s Broker registration. This positions Readhunt among a unique group of UK brokers with direct access to one of the world’s leading insurance and reinsurance markets. It supports the company’s commitment to securing tailored, streamlined and cost effective solutions for each client via specialist insurers, markets and underwriters.  

    What Our Lloyd’s Broker Registration Means for Your Business

    • Access to specialist insurance solutions not always available in the standard market
    • More flexibility in policy terms, limits, and wordings
    • Stronger support for complex, growing, or hard-to-place risks
    • Greater negotiating power at renewal
    • Bespoke solutions that evolve as your business grows

    Most importantly, nothing becomes more complicated for you – but more options become available. Our role remains the same: to make sure your cover fits your business, now and in the future.

    Sector-Specific Benefits

    Construction & Property

    Construction, property development, and infrastructure projects often require higher limits, contractual liability coverage, or cover for unique exposures. With Lloyd’s market access, we can provide:

    • Bespoke programmes for complex or high-risk projects
    • Flexible cover for fire, cladding, or multi-site developments
    • Tailored contractual liability and indemnity solutions

    Haulage & Logistics

    Transporting goods across the UK and internationally comes with unique challenges from temperature-controlled loads to hazardous materials. Benefits include:

    • Specialist underwriting for complex goods-in-transit and haulage risks
    • Flexible structures for premium control
    • Coverage options when claims history or risk profile limits standard markets

    Manufacturing & Engineering

    Manufacturers and engineers face operational, product, and machinery risks that often go beyond standard policies. With Lloyd’s access, we can offer:

    • Broader machinery breakdown and business interruption cover
    • Enhanced product liability protection
    • Tailored solutions for export and international operations

    Technology, Cyber & Professional Services

    Fast-moving sectors like technology and professional services need cover that evolves with them. We can now provide:

    • Specialist cyber and professional indemnity solutions
    • Flexible terms and limits for emerging risks
    • Even stronger incident response and claims support

    What does this deliver in practice? 

    Lloyd’s market access and our Lloyd’s Broker status doesn’t make insurance more complicated for our clients – it simply gives Readhunt more tools to protect your business. From complex construction projects to fast-growing tech firms, or international exporters, we can now provide solutions that are better tailored, more flexible, and more robust, whatever your risk profile.

    At Readhunt, we continue to make insurance straightforward, reliable, and effective – with the reassurance of Lloyd’s market expertise whenever it’s needed.