Tag Archives: insurance

One in four UK manufacturers have reported balance sheet losses linked to US tariffs. Eight in ten have been impacted by tariffs of some form. The EU has proposed slashing its steel import quota by 47% with a 50% tariff on excess imports from June 2026. For PE firms with portfolio companies in manufacturing, food production, or distribution, this isn’t a trade policy story. It’s an insurance story.

In 2025, Marks & Spencer suffered a ransomware attack that knocked out its online operations for months. Estimated cost: north of £300 million. The Co-op Group was hit at a similar time, bringing the combined bill to roughly £440 million. Jaguar Land Rover’s cyber incident demonstrated why it is not just retailers who are exposed.  Their attack was severe enough to contribute to UK GDP contracting by 0.1%.