Insurance Day is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By

UsernamePublicRestriction

Specialty

 

 

Marine

Reinsurers to reprice war risk as Hormuz stalemate continues

Limited transits through strait raise legal questions around time requirements for constructive total loss claims

Strait of Hormuz crisis Iran

Why competence mapping matters in P&I

Competence in a mutual insurer is different from capability in many other businesses

Viewpoint Marine

Beazley names Khera head of marine

Executive will lead the London-listed insurer’s marine, energy, aviation and space teams

Specialty Marine

Chubb CEO outlines conditions for operation of US war risk facility

Evan Greenberg says military conditions not yet in place for $40bn facility to begin assuming risk

Strait of Hormuz crisis Specialty
See All
Energy

Middle East crisis exposes fossil fuel folly: Guterres

Climate policymakers warn of fossil fuel crisis, while insurance survey reveals energy leaders see continuation of oil and gas

Strait of Hormuz crisis Climate change

What would turn the soft energy market

A major loss, a withdrawal of capacity or a shift in reinsurance appetite could quickly change the direction of the market, Willis’s Michael Buckle says

International Energy

Energy market defined by ‘striking contradiction’

Despite mounting loss activity and geopolitical volatility, the energy insurance market remains deeply soft, according to Willis

International Broker

Swiss Re names Revell global head of marine and energy

Revell has more than 30 years of reinsurance experience

People moves Reinsurance
See All
Aviation

Geopolitical tensions could squeeze aviation premiums

A reduction in the number of flights could have a knock-on effect on insurers, WTW warns

International Middle East and Africa

McGill launches aviation war risk solution for ground-based assets

Broker seeks to address gap in traditional hull war market with London market-backed product

Specialty Aviation

Aviation war market ‘reactive, not proactive’: Hive’s Carman

Aviation war market has failed to learn from Russia as Middle East Gulf tensions test pricing, coordination and leadership, warns Hive chief executive, Bruce Carman

Aviation Specialty

Aviation pricing remains stable despite Middle East conflict

Outside the region, robust capacity continues to temper calls for a market correction

International Aviation
See All
Specialty

Geopolitical tensions could squeeze aviation premiums

A reduction in the number of flights could have a knock-on effect on insurers, WTW warns

International Middle East and Africa

Markel underwriting profits rise 77%

Combined ratio improves to 93% despite Iran war losses

Markel Specialty

Optio acquires Irish construction bonds specialist CGU

MGA enters Irish market with purchase of Construction Guarantee Underwriters

Specialty Mergers and Acquisitions

Reinsurers to reprice war risk as Hormuz stalemate continues

Limited transits through strait raise legal questions around time requirements for constructive total loss claims

Strait of Hormuz crisis Iran
See All
Political Risk & Trade

Political risk insurance demand set to spike as Middle East tensions grow

Growing appetite for cover as missile strikes and regional unpredictability heighten threats to businesses, survey finds

Strait of Hormuz crisis United Arab Emirates

Trade credit insurers hope for change to EU capital rule

Insurers and trade bodies are calling for changes to ‘super conservative’ bank capital rule that is depressing demand for trade credit insurance

Europe Specialty

Joint war committee revises listed areas following Iran strikes

The JWC confirmed that Bahrain, Djibouti, Kuwait, Oman and Qatar have been added to the listed areas for hull war, piracy, terrorism and related perils

Strait of Hormuz crisis Political Risk and Trade
See All
Terrorism

Middle East tensions raise aggregation risks for terrorism insurers

Prolonged conflict could lead to stricter underwriting conditions and reduced capacity, particularly for risks linked to critical infrastructure and high-profile locations, analysts warn

Strait of Hormuz crisis International

Pool Re announces £2.75bn retrocession package

Pool Re hails record number of private reinsurance backers

United Kingdom Property

Iran conflict widens political violence exposure across the Middle East

Escalation between the US, Israel and Iran is transforming political violence risk from a contained threat into a multi-jurisdictional accumulation challenge for insurers

Iran Israel

Joint war committee revises listed areas following Iran strikes

The JWC confirmed that Bahrain, Djibouti, Kuwait, Oman and Qatar have been added to the listed areas for hull war, piracy, terrorism and related perils

Strait of Hormuz crisis Political Risk and Trade
See All
UsernamePublicRestriction

Register