Specialty
Offshore energy insurance ‘under profitability pressure’
Global offshore energy premiums have risen by just 0.1% year on year, International Union of Marine Insurance conference hears
‘Struggle’ to secure Black Sea breach cover in London right now, says Markel
Comments came after Joint War Committee widened areas of the Black Sea deemed high risk.
Arch expands London marine team with senior hire
Carrier appoints Danielle Whitlock senior marine hull and war underwriter
‘Astronomical’ war risk pricing propping up cargo insurance
Surfeit of capital putting pressure on premiums, as five years of rate adequacy ending, IUMI conference told
Offshore energy insurance ‘under profitability pressure’
Global offshore energy premiums have risen by just 0.1% year on year, International Union of Marine Insurance conference hears
Clearwater launches upstream energy offering
MGA hires Tokio Marine Kiln's Hook to lead new proposition
Chronic climate risks threaten data centre surge
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
Amwins expands nat cat facility to $50m per placement
Expanded facility will provide cover for earthquake, flood, wildfire, windstorm and other natural catastrophe risks worldwide
Accumulation risk worries aviation insurers as geopolitical risks rise
Capacity continues to put pressure on pricing but a major incident of series of losses could tip the scales going into the last quarter, WTW says
War and PV market braces for first loss-making year since 9/11
Losses linked to conflict in the Middle East could be north of $2bn, against an annual gross premium of $2.5m, Marsh Re says
‘Aggressive’ MGAs pressure aviation premiums
Increase in MGA capacity is part of a wider fragmentation of capacity in the general aviation market, broker says
Aviation insurance claims costs continue to rise
Cost of major repairs jumps nearly 11% year-on-year amid labour shortages and increased cost of parts and materials, McLarens Aviation data shows
Offshore energy insurance ‘under profitability pressure’
Global offshore energy premiums have risen by just 0.1% year on year, International Union of Marine Insurance conference hears
‘Struggle’ to secure Black Sea breach cover in London right now, says Markel
Comments came after Joint War Committee widened areas of the Black Sea deemed high risk.
Arch expands London marine team with senior hire
Carrier appoints Danielle Whitlock senior marine hull and war underwriter
Munich Re launches primary specialty business in Italy
Milan operation will offer construction and engineering, property and surety cover
Markel appoints Handen to lead Americas trade credit
Handen will lead the carrier’s growth initiatives across the US, Canada and Latin America
Political risk cover gains mid-market traction: WTW
Insurers but will require products better suited to middle-market buyers, broker says
India protests test boundaries of SRCC cover
Underwriters are paying closer attention to occurrence wording, geographic accumulations and the potential for civil unrest to develop into a broader political violence event, according to Markel
Political risk market forecast to reach $49bn by 2031
Middle East and Africa forecast to be the fastest growing regional markets
Political risk market forecast to reach $49bn by 2031
Middle East and Africa forecast to be the fastest growing regional markets
Clearwater launches crisis management division
Managing general agent will initially write active assailant, terrorism and political violence risks
Increasing unrest creates PV&T opportunity in Asia
Coverage exclusions and demand for higher limits are creating opportunities for the international specialty carriers, Markel’s Henry Ang says
Markel appoints Ang head of terrorism in Singapore
Ang will be responsible for developing Markel’s political violence and terrorism portfolio in the Asia-Pacific region
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