Marine insurers are increasingly dealing with billion-dollar losses as vessel sizes grow and geopolitical risks add to the complexity and cost of shipping casualties

Meetings earlier this year proved inconclusive, say market sources

Iran and Oman have agreed on a temporary Hormuz shipping framework, but Tehran says the strait will remain effectively closed pending wider US-Iran diplomatic progress

Market response highlights growing reliance on buybacks and government-backed schemes as geopolitical conflicts reshape marine insurance

MGA hires Tokio Marine Kiln's Hook to lead new proposition

Data centre stakeholders can better manage longer-term climate risks, such as heat and drought, that may increase cooling costs, squeeze margins and threaten insurability

Expanded facility will provide cover for earthquake, flood, wildfire, windstorm and other natural catastrophe risks worldwide

New division will target emerging and specialist markets across Africa, the Middle East, Europe, Asia and the Americas

Increase in MGA capacity is part of a wider fragmentation of capacity in the general aviation market, broker says

Cost of major repairs jumps nearly 11% year-on-year amid labour shortages and increased cost of parts and materials, McLarens Aviation data shows

Aviation retrocession markets are becoming cautions of rising losses amid a ‘changing view of risk’, Gallagher Re reports

Underwriters are becoming more concerned about the systemic impact of risks originating from outside the aviation sector, IUAI research finds

First of its kind product is aimed at owners, developers, and contractors engaged in large-scale tunnelling and underground infrastructure projects

Partnership will initially focus on selected financial lines classes

Marine insurers are increasingly dealing with billion-dollar losses as vessel sizes grow and geopolitical risks add to the complexity and cost of shipping casualties

Meetings earlier this year proved inconclusive, say market sources

Middle East and Africa forecast to be the fastest growing regional markets

Middle East Gulf conflict most likely explanation for pricing increases

Political violence risk can no longer be assessed only through the lens of war or terrorism — it must also account for disruption that sits below the threshold of open conflict

Insurers and their clients will need to treat political risk as a permanent feature of the operating environment, warns WTW’s Sam Wilkin

Middle East and Africa forecast to be the fastest growing regional markets

Managing general agent will initially write active assailant, terrorism and political violence risks

Coverage exclusions and demand for higher limits are creating opportunities for the international specialty carriers, Markel’s Henry Ang says

Ang will be responsible for developing Markel’s political violence and terrorism portfolio in the Asia-Pacific region