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Marine

Bayesian recovery highlights Italy’s legal requirements for major salvage efforts

Needs of investigation have priority over insurance considerations as legal experts set out procedural constraints amid efforts to raise tech tycoon’s doomed super-yacht

Europe Specialty

Steamship Mutual feels the squeeze from major casualties

Marine mutual’s combined ratio climbs 19 points to 112%

London International

UIB expands marine division with Scales appointment

Lloyd’s broker hires Sean Scales from Tysers to support growth of North American marine practice

London Marine

Swedish Club confirms technical surplus

Gothenburg-based marine mutual brings combined ratio below break-even and reports substantial gain in free reserves

Sweden Specialty
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Energy

Carriers need to rethink energy exposure management

Re/insurers must start embedding energy exposure management into strategic underwriting and portfolio steering

Energy Lloyds

Lloyd’s seeing ‘big uptick’ in oil and gas clients: IQUW

IQUW’s lead energy underwriter, David Message, discusses the outlook for the carrier’s upstream property/control of well portfolio

Bermuda Special Report

Westfield Specialty names Poulteney offshore energy class underwriter

Poulteney joins from Arch Insurance, where he was head of offshore energy

London Specialty

Singapore High Court decision provides case law on Insurance Act wording

Ruling establishes meaning of ‘term defining the risk as a whole’ under section 11 of 2015 legislation

Asia Pacific Specialty
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Aviation

WTW sees ‘two-track’ market in airline insurance

Recent renewals highlight challenge faced by insurers seeking to quote rate increases against a backdrop of relatively high capacity

International Aviation

Gallagher appoints Ortiz head of US aerospace claims

Broker hires Sherry Ortiz from the United States Aircraft Insurance Group

United States Aviation

Nigeria opens access to overseas aviation insurance

New regulation will allow lessees to cede up to 90% of risk to international re/insurers 

Nigeria Specialty

Airline insurers at ‘tipping point’ in wake of major losses

Major claims and attritional losses, coupled with inadequate pricing, threaten technical losses in 2024 and 2025, Gallagher warns

International Specialty
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Specialty

WTW sees ‘two-track’ market in airline insurance

Recent renewals highlight challenge faced by insurers seeking to quote rate increases against a backdrop of relatively high capacity

International Aviation

Bayesian recovery highlights Italy’s legal requirements for major salvage efforts

Needs of investigation have priority over insurance considerations as legal experts set out procedural constraints amid efforts to raise tech tycoon’s doomed super-yacht

Europe Specialty

Steamship Mutual feels the squeeze from major casualties

Marine mutual’s combined ratio climbs 19 points to 112%

London International

Carriers need to rethink energy exposure management

Re/insurers must start embedding energy exposure management into strategic underwriting and portfolio steering

Energy Lloyds
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Political Risk & Trade

Axa XL survey foresees slowdown in credit and political risk

Easing inflation and lower prices indicate post-pandemic growth spurt is cooling

International Specialty

Raising the stakes in political violence

Aegis London’s $100m political violence consortium comes at a time when traditional insurers have been heading for the exit, according to war and terrorism class underwriter, James MacDonald

London International

Regulation tops worries for transport sector

Geopolitical disputes prompt concerns about business disruption, WTW survey finds

North America International

Re/insurers face new age of political risk

The increasing importance of geopolitical factors in business decision-making has led to a transformation of re/insurers from passive risk managers to active geopolitical intelligence agents

International Chaucer
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Terrorism

Aegis doubles capacity for digital terrorism product to $500m

Lloyd's consortium-backed product now suitable for larger organisations with significant exposure to terrorist risks

London Lloyds

Pool Re completes third catastrophe bond placement

£100m bond offers collateralised retrocession cover and aims to safeguard UK taxpayers against the financial impact of terrorism, according to Pool Re

United Kingdom InsuranceLinked Securities

Pool Re completes transition to modernised catastrophe treaty reinsurance scheme

Updated model seeks reflect the changing nature of terrorism threats and improve how cover is distributed across the market

United Kingdom Reinsurance

TMK appoints Wilson as head of special risks

Lloyd's carrier hires James Wilson from The Hartford

London Tokio Marine Kiln
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