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Marine

Inland waterways are vulnerable to climate change

Research by Marsh details how low and high water levels each exacerbate the challenge of navigating inland routes

International Climate change

NorthStandard’s run of big casualties down to luck: Jennings

Second-largest P&I club sees 14 large claims in excess of $1m in the first half of 2024

United Kingdom International

The continued rise of marine MGAs

Marine managing general agents are entering markets where traditional carriers sometimes fear to tread

International Marine

BankServe warned against Nordic Plan after Galaxy Leader payout refusal

Speculation about second case of owner denied claim by Norwegian insurers, as brokers blast Danish insurer Codan’s ‘inappropriate’ stance

Specialty Marine
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Energy

Are infrastructure assets back in vogue?

Infrastructure assets can bring huge social and economic benefits

International Specialty

When net-zero and competition law collide

Lloyd's is under pressure from campaigners to prohibit syndicates from underwriting fossil fuel risks, but whether such a prohibition would be legal under competition laws is not clear cut

International Lloyds

Axa XL fronts parametric policy via Luxembourg captive

‘First-of-its-kind’ policy protects large energy business against a lack of rainfall

Axa Europe

Generali restricts cover for new fossil fuel infrastructure

Italian giant will stop writing policies for some midstream and downstream facilities

Europe Climate change
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Aviation

Aviation war softening pressures build amid new capacity

Competition is increasing in the niche sector as new carriers enter the market, but the aviation insurance mega-trial is a ‘significant threat’ to the sector, Gallagher warns

International Specialty

Aviation insurers face off against aircraft lessors in multibillion-dollar 'mega-trial'

Insurers including AIG, Chubb and Lloyd’s are in court over claims brought by some of the world’s largest aviation lessors relating to aircraft stranded in Russia. The stakes are high and the outcome could have seismic implications for the aviation insurance market

United Kingdom Lloyds

Africa Specialty Risks launches marine and aviation division

New division will be led by Aurélien Sauty, who joins from Berkshire Hathaway Specialty Insurance, where he was assistant vice-president for marine in the Middle East

Middle East and Africa Aviation

Axis promotes White to head of aviation

Executive succeeds Terry Wood, who is retiring after 22 years at the Bermuda-based carrier 

Bermuda Axis Capital
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Specialty

NorthStandard’s run of big casualties down to luck: Jennings

Second-largest P&I club sees 14 large claims in excess of $1m in the first half of 2024

United Kingdom International

Everest launches insurance business in Italy

The launch in Italy follows the Bermuda-based group’s recent expansion into other key international markets

Europe Casualty

Hamilton Re launches credit, bond and political risk reinsurance operation

The new operation will be led by Sergio Lottimore who joins from Validus Re

Bermuda Specialty

Managing general agents are extending their reach

Firms should ‘stay resilient’ to their underwriting principles when facing a reducing rating adequacy environment, Managing General Agents' Association chief executive says

United Kingdom Distribution
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Political Risk & Trade

Are infrastructure assets back in vogue?

Infrastructure assets can bring huge social and economic benefits

International Specialty

Defining ‘unprecedented’ in the world of political violence

Political violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events

International Political Risk and 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
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Terrorism

‘Unstable’ world order amplifying terror risks

Potential for more global instability is increasing demand for terrorism insurance, Markel’s director of terrorism says

London Markel

Defining ‘unprecedented’ in the world of political violence

Political violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events

International Political Risk and Trade

Evaluating liabilities and cover for Martyn’s Law

Regardless of who wins the UK election, there will be new duties in relation to the protection of the public, which will have insurance implications

United Kingdom Casualty

Terrorists 'to make limited use of AI in near future'

Technology may help propaganda and targeting efforts, but extremists will adopt it slowly, Pool Re report finds

International Property
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