Specialty
Hormuz/Baltimore double whammy puts ‘extreme stress’ on marine reinsurance
Underwriter concerns include aggregation exposure, multi-party liability and prolonged claims development
Insurance implications of infectious disease outbreaks at sea
Infectious disease outbreaks at sea are multi-dimensional risk events requiring coordinated legal, regulatory and insurance responses
NorthStandard targets billion-dollar premium income by 2028
Last results ‘really successful’ despite ongoing underwriting deficit, argue Jennings and Grose
Navium and Overhaul launch AI infrastructure cargo consortium
Lloyd’s backed consortium is claimed to be the first of its kind to provide cover specifically for shippers of data servers
Offshore wind, insurance and the cost of failure
Although there is clear appetite within the insurance market, capacity remains limited and constraints on insurability are inevitable for complex and rapidly developing technologies
Axa XL names Richème global CUO for property
Richème succeeds Juergen Cherreck who joined Axa in 2018
Markel and Willis launch nuclear insurance facility
London market facility provides property damage and business interruption cover across the lifecycle of nuclear projects
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
Understanding aviation risk in Brazil’s agricultural sector
The seasonal concentration of losses, the variability of pilot quality, the constraints of the local repair environment and the expected emergence of autonomous platforms present challenges for the insurance market
Howden launches US aviation practice
Julio Jimenez to lead new practice targeting airlines, aerospace companies and aviation operators
Hive launches aviation reinsurance division
London-based managing general continues product line expansion
Geopolitical tensions could squeeze aviation premiums
A reduction in the number of flights could have a knock-on effect on insurers, WTW warns
Demand for specialty insurance growing in Europe: Bridgehaven’s Marry
Insurer’s European chief executive sees growing demand for products linked to climate transition, digital infrastructure and emerging technologies
Howard Hughes completes Vantage purchase
US investment group acquires Bermuda-based re/insurer for $2.1bn
LMG consults on extending data standards to delegated business
The consultation on Core Date Record extension opens from June 5
Offshore wind, insurance and the cost of failure
Although there is clear appetite within the insurance market, capacity remains limited and constraints on insurability are inevitable for complex and rapidly developing technologies
Political risk ‘no longer confined to traditional hotspots’
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 conflict could become costliest PV loss on record
Insured political violence and terror losses arising from the conflict could reach $3bn, Howden Re estimates
BPL launches reinsurance division
BPL Re will focus on credit, political risk and surety business
Tariffs remain top political risk concern despite Middle East conflict
Many businesses found rising tariffs to be the most difficult political risk to manage, Willis survey finds
Middle East conflict could become costliest PV loss on record
Insured political violence and terror losses arising from the conflict could reach $3bn, Howden Re estimates
War overtakes civil unrest as biggest political violence threat
Political violence and terrorism claims arising from Iran conflict could be higher than from the war in Ukraine, Allianz warns
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
Pool Re announces £2.75bn retrocession package
Pool Re hails record number of private reinsurance backers
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