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Marine

North America hull market ‘remains fragile’

Increased capacity and aggressive competition from MGAs driving rates down, broker BSM says

Marine International

Gard retains A+ rating with S&P Global

Norwegian club has best financial strength rating in International Group

Gard Norway

Maduro arrest casts new light on US court decision on $54m Citgo claim

Circuit court considers claim under a war risk clause based on the Maduro regime’s actions in Venezuela

United States Legal focus

Black Sea attacks intensify with three tankers hit

Three ships were attacked on January 13 off Novorossiysk, two near the Caspian Pipeline Consortium

Russian Federation Ukraine
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Energy

UIB appoints Spreadbury to lead downstream energy practice

Former Price Forbes head of renewables joins Lloyd’s broker

Lloyds London

Westfield Specialty appoints Radbourne power and onshore renewables underwriter

Radbourne joins from MS Amlin, where he was power generation lead underwriter

People moves Europe

Marine and aviation insurers ‘most exposed to Venezuela spillover risk’

Geopolitical developments tied to Venezuela are sharpening tail risk for specialty insurers, particularly in marine, aviation and political risk, despite minimal direct exposure to the country

Venezuela Marine

Plugging the solar insurance gap

Innovative insurance can safeguard solar assets and strengthen the long-term viability of clean energy

International Specialty
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Aviation

Marine and aviation insurers ‘most exposed to Venezuela spillover risk’

Geopolitical developments tied to Venezuela are sharpening tail risk for specialty insurers, particularly in marine, aviation and political risk, despite minimal direct exposure to the country

Venezuela Marine

Aviation market hardening to continue into 2026

Rate increases in the all-risks market are expected to be incremental and in line with those seen in 2025, according to Gallagher

International Specialty

Aviation reinsurance prices broadly flat at 1/1

Brokers report significant shift towards non-proportional placements amid profitability concerns

International Reinsurance

Inside the new space race

Today’s space environment is shaped by a new generation of operators pursuing unprecedented scale and innovation, creating new exposures for them and their insurers

Viewpoint Specialty
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Specialty

North America hull market ‘remains fragile’

Increased capacity and aggressive competition from MGAs driving rates down, broker BSM says

Marine International

Property reinsurance dynamic ‘unlikely to change in 2026’

Reinsurers are so well capitalised and attachment points are so high it would take more than a single major loss to move the markets, Gallagher Re’s Ian Kerton says

International Reinsurance

Gard retains A+ rating with S&P Global

Norwegian club has best financial strength rating in International Group

Gard Norway

Record reinsurance capacity to drive M&A activity in 2026

As reinsurance rates soften firms are increasingly looking to deal-making to meet investor demand for growth, Mike Van Slooten, head of market analysis at Aon, says

International North America
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Political Risk & Trade

Canopius appoints Kimber credit and political risk underwriter

Kimber joins from Swiss Re, where he led the sovereign credit and political risk insurance team across Europe, Middle East and Africa

London Canopius

Interpreting political risk and political violence coverage

The judgement in Hamilton Corporate Member and others v Afghan Global Insurance provides a pragmatic interpretative framework for differentiating political risk from political violence in the context of English insurance law

United Kingdom Legal focus

Multinationals face rising political risk exposure: Howden

Half of multinational companies experienced political risk losses between 2020 and 2025, with some exceeding $100m, survey finds

International Howden

Lloyd’s becoming increasingly attractive for trade credit business

Coface execs say Lloyd’s new AA- credit rating, regulatory changes and global network paved the way for new trade credit syndicates

Europe Lloyds
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Terrorism

Australian terror pool issues notice on Bondi shootings

Cover becomes effective if federal minister declares shootings an act of terror

Australia Reinsurance

Pool Re’s Paul receives peerage

Appointment recognises Paul’s contribution to terrorism insurance and public service

United Kingdom Terrorism

Pool Re targets SME return to terrorism cover

Redesigned reinsurance scheme has seen more than £500m of terrorism risk returned to the private market in 2025, Pool Re chief executive says

United Kingdom Terrorism

The growing arsenal of marine war risks

Maritime operators face a combination of traditional threats, a deteriorating international situation, and new weapons and tactics, from drones to spoofing

International Special Report
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