Specialty
RenRe eyes specialty growth opportunities after Baltimore bridge collapse
Bermuda-based carrier says collapse of Francis Scott Key Bridge will contribute to ‘further dislocation’ in specialty reinsurance market
Vessel Protect increases limits for hull and cargo war risk
Move comes after Howden’s recent launch of cargo facility for the Red Sea
Tankers clock up steepest rise in marine insurance costs
Data from Baltic Investor Indices points to broadly steady market for past four quarters, but limited increases for some vessel types
Shipowners’ Club holds steady at 2024 renewal
Breakeven underwriting result and ‘excellent’ investment return means marine mutual is in ‘very good health’, insists chief executive, Simon Peacock
Amboss launches with takeover of Oilfield’s Switzerland business
Managing general agent will focus on energy sector and climate transition
CFC launches renewable energy M&A team
New team will focus on underwriting specific transaction risks associated with renewable energy projects
Lloyd’s at risk of missing net zero commitments, campaign group warns
Reclaim Finance urges managing agents to restrict cover for new types of fossil fuel including thermal coal and liquefied gas terminals
WTW warns of capacity shortages for 'less desirable' energy risks
Broking giant says there has been a 'homogenisation of risk appetite' towards the same 'high-quality' business
Gallagher predicts strong capacity in general aviation
Broker says ‘saturation’ in airlines is leading insurers to move to non-commercial aviation
Viewpoint: Turbulence ahead for the aviation insurance market
The frequency of catastrophic aviation losses has slowed in recent years but their severity has increased
Acrisure launches aerospace division
The new division brings together several Acrisure businesses under the leadership of managing partner, Jason Riley
Rokstone expands US aviation team with three hires
Managing general agent hires industry experts from AIG, Starr and Lockton
The insurance market continues to struggle with Ukraine risk coverage
Frameworks are being developed to encourage insurers to provide coverage for Ukranian risks, but more needs to be done
Axis doubles cyber reinsurance book in Q1
Bermuda-based carrier continues to build its cyber reinsurance portfolio as it pivots cyber insurance book away from undesirable smaller risks
HDI names Hensel as chief underwriter in US
US insurance unit of HDI Global promotes Hensel and appoints Zurich’s Treviño as chief strategy officer
Hiscox Re & ILS premiums up 19% in Q1
London-listed group’s reinsurance and ILS division takes advantage of attractive market conditions to deploy more capital
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
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
Viewpoint: Assessing risks in a big year for African democracy
With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts
Marine insurers face extra due diligence in Russia oil price cap crackdown
From February 20 pre-voyage attestations required for all tankers calling at Russia, affecting about 41% of tankers covered by Western insurers, a proxy for price cap compliance, based on January callings
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
Pool Re members and Treasury approve treaty change
Formal approval is a ‘clear and exciting mandate’ for modernisation, terrorism reinsurer's chief executive, Tom Clementi, says
Insurance regulators must plan for a catastrophic event: FIO’s Seitz
Federal Insurance Office director highlights the ways re/insurers must address terrorism, cyber and climate risk
Viewpoint: Assessing risks in a big year for African democracy
With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts
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