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Marine

RenRe eyes specialty growth opportunities after Baltimore bridge collapse

Bermuda-based carrier says collapse of Francis Scott Key Bridge will contribute to ‘further dislocation’ in specialty reinsurance market

RenaissanceRe Bermuda

Vessel Protect increases limits for hull and cargo war risk

Move comes after Howden’s recent launch of cargo facility for the Red Sea

Yemen Ukraine

Tankers clock up steepest rise in marine insurance costs

Data from Baltic Investor Indices points to broadly steady market for past four quarters, but limited increases for some vessel types

International Specialty

Shipowners’ Club holds steady at 2024 renewal

Breakeven underwriting result and ‘excellent’ investment return means marine mutual is in ‘very good health’, insists chief executive, Simon Peacock

International London
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Energy

Amboss launches with takeover of Oilfield’s Switzerland business

Managing general agent will focus on energy sector and climate transition

Europe Netherlands

CFC launches renewable energy M&A team

New team will focus on underwriting specific transaction risks associated with renewable energy projects

Specialty Mergers and Acquisitions

Lloyd’s at risk of missing net zero commitments, campaign group warns

Reclaim Finance urges managing agents to restrict cover for new types of fossil fuel including thermal coal and liquefied gas terminals

Lloyds Energy

WTW warns of capacity shortages for 'less desirable' energy risks

Broking giant says there has been a 'homogenisation of risk appetite' towards the same 'high-quality' business

International Willis Towers Watson
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Aviation

Gallagher predicts strong capacity in general aviation

Broker says ‘saturation’ in airlines is leading insurers to move to non-commercial aviation

International Property

Viewpoint: Turbulence ahead for the aviation insurance market

The frequency of catastrophic aviation losses has slowed in recent years but their severity has increased

International Aviation

Acrisure launches aerospace division

The new division brings together several Acrisure businesses under the leadership of managing partner, Jason Riley

United States Specialty

Rokstone expands US aviation team with three hires

Managing general agent hires industry experts from AIG, Starr and Lockton 

United States Specialty
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Specialty

The insurance market continues to struggle with Ukraine risk coverage

Frameworks are being developed to encourage insurers to provide coverage for Ukranian risks, but more needs to be done 

Legal focus Ukraine

Axis doubles cyber reinsurance book in Q1

Bermuda-based carrier continues to build its cyber reinsurance portfolio as it pivots cyber insurance book away from undesirable smaller risks 

Bermuda Axis Capital

HDI names Hensel as chief underwriter in US

US insurance unit of HDI Global promotes Hensel and appoints Zurich’s Treviño as chief strategy officer

North America Specialty

Hiscox Re & ILS premiums up 19% in Q1

London-listed group’s reinsurance and ILS division takes advantage of attractive market conditions to deploy more capital

Bermuda Hiscox
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Political Risk & Trade

Businesses worried about 2024 election unrest

Nearly three-quarters of respondents say they fear elections will have an impact on their international operations and ability to trade, Beazley survey finds

International Beazley

Viewpoint: Black flag on the high seas

Supply chains are at increased risk of interruption by hostile actors, with Houthi attacks in the Red Sea forcing shipowners to reroute vessels

Liberty Specialty

Viewpoint: Assessing risks in a big year for African democracy

With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts

Middle East and Africa Political Risk and Trade

Marine insurers face extra due diligence in Russia oil price cap crackdown

From February 20 pre-voyage attestations required for all tankers calling at Russia, affecting about 41% of tankers covered by Western insurers, a proxy for price cap compliance, based on January callings

International Marine
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Terrorism

Businesses worried about 2024 election unrest

Nearly three-quarters of respondents say they fear elections will have an impact on their international operations and ability to trade, Beazley survey finds

International Beazley

Pool Re members and Treasury approve treaty change

Formal approval is a ‘clear and exciting mandate’ for modernisation, terrorism reinsurer's chief executive, Tom Clementi, says

United Kingdom Reinsurance

Insurance regulators must plan for a catastrophic event: FIO’s Seitz

Federal Insurance Office director highlights the ways re/insurers must address terrorism, cyber and climate risk

United States Bermuda

Viewpoint: Assessing risks in a big year for African democracy

With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts

Middle East and Africa Political Risk and Trade
See All
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