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  • Lockton is a proud member of the Business Insurance Diversity and Inclusion Award

News and Insights

New EU regulations to be introduced in June 2025 will ban cultural goods illegally exported from third countries from entering the EU. In addition, any party who imports cultural goods that originated outside the EU will face heightened due diligence requirements. The regulations are set to have a profound impact on dealers, collectors, and cultural institutions. Engaging with provenance research, legal advisors, and insurance professionals will be essential for anyone trading or collecting art.New EU regulation on cultural goods: risk implications and guidance

New EU regulation on cultural goods: risk implications and guidance

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Some of the contents of this article were originally delivered during a panel discussion hosted by Lockton on 11th October 2024. New EU regulations to be introduced in June 2025 will ban cultural goods illegally exported from third countries from entering the ...
Read moreNew EU regulation on cultural goods: risk implications and guidance

Managing the risks of data centre projects

Demand for data centre capacity is expected to grow fast rapidly in the next years, driven mainly due toby aArtificial iIntelligence (AI) advancements. To meet this demand, AI data centre capacity is projected to experience a compound annual growth rate (CAGR) of 40.5% through 2027, according to estimates from the International Data Corporation. Investors may put pressure on developers to deliver projects quickly as they are keen to reap the rewards. It is therefore paramount that developers have put in place a strict risk management process for each development phase in place to protect such high-value projects, and that they transfer excess risk to the insurance market.     Demand for data centre capacity is expected to grow fast rapidly in the next years, driven mainly due toby aArtificial iIntelligence (AI) advancements. To meet this demand, AI data centre capacity is projected to experience a compound annual growth rate (CAGR) of 40.5% through 2027, according to estimates from the International Data Corporation. Investors may put pressure on developers to deliver projects quickly as they are keen to reap the rewards. It is therefore paramount that developers have put in place a strict risk management process for each development phase in place to protect such high-value projects, and that they transfer excess risk to the insurance market.     

TA6 and TA7 Property Information forms: understanding the changes and implications

In March 2024, the Law Society issued a revised version to the TA6 and TA7 Property Information Forms. Compulsory use of the revised forms was due to come into effect on the 15 January 2025. However, this deadline has now been paused with a further update expected in the new year to allow the Law Society more time to engage with members. Nevertheless, adopting the form as soon as possible will minimise the risk of regulatory fines, and limit firms’ exposure under their professional indemnity insurance (PII).In March 2024, the Law Society issued a revised version to the TA6 and TA7 Property Information Forms. Compulsory use of the revised forms was due to come into effect on the 15 January 2025. However, this deadline has now been paused with a further update expected in the new year to allow the Law Society more time to engage with members. Nevertheless, adopting the form as soon as possible will minimise the risk of regulatory fines, and limit firms’ exposure under their professional indemnity insurance (PII).

Risk Radar - October 2024

We are delighted to share with you our latest Risk Radar publication, now available for colleagues, clients and prospects.We are delighted to share with you our latest Risk Radar publication, now available for colleagues, clients and prospects.
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