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Marine
IUMI

Marine insurance premiums hit all-time high

But strip out currency effects and market still look soft, statistician tells IUMI conference

International Specialty

Black Sea war risk zone widened as attacks on shipping intensify

The Lloyd’s market has expanded Black Sea war risk reporting requirements to cover the entire basin as attacks on merchant shipping, ports and energy infrastructure intensify

Russian Federation Ukraine

Spanish mariners look for alternatives to Lloyd’s war cover

Marine insurers in Spain are grappling with the high cost of war re/insurance in the London market

Reinsurance Marine

Miller names Yarwood senior marine director

Andrew Yarwood will support broker’s direct marine business across London and international markets

Broker People moves
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Energy

Clearwater launches upstream energy offering

MGA hires Tokio Marine Kiln's Hook to lead new proposition

London Specialty

Chronic climate risks threaten data centre surge

Data centre stakeholders can better manage longer-term climate risks, such as heat and drought, that may increase cooling costs, squeeze margins and threaten insurability

Viewpoint Climate change

Amwins expands nat cat facility to $50m per placement

Expanded facility will provide cover for earthquake, flood, wildfire, windstorm and other natural catastrophe risks worldwide

International Specialty

MNK International launches energy division

New division will target emerging and specialist markets across Africa, the Middle East, Europe, Asia and the Americas

International Lloyds
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Aviation

Accumulation risk worries aviation insurers as geopolitical risks rise

Capacity continues to put pressure on pricing but a major incident of series of losses could tip the scales going into the last quarter, WTW says

International Specialty

War and PV market braces for first loss-making year since 9/11

Losses linked to conflict in the Middle East could be north of $2bn, against an annual gross premium of $2.5m, Marsh Re says

Middle East and Africa International

‘Aggressive’ MGAs pressure aviation premiums

Increase in MGA capacity is part of a wider fragmentation of capacity in the general aviation market, broker says

Aviation Specialty

Aviation insurance claims costs continue to rise

Cost of major repairs jumps nearly 11% year-on-year amid labour shortages and increased cost of parts and materials, McLarens Aviation data shows

International Specialty
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Specialty

Accumulation risk worries aviation insurers as geopolitical risks rise

Capacity continues to put pressure on pricing but a major incident of series of losses could tip the scales going into the last quarter, WTW says

International Specialty

Envelop enters casualty reinsurance with Dale hire

Former Volante Syndicate deputy active underwriter to lead casualty push at cyber reinsurance and analytics firm

People moves Lloyds

Transactional risk MGA Alpha launches

Axa XL and Probitas back managing general agent

London Lloyds
IUMI

Marine insurance premiums hit all-time high

But strip out currency effects and market still look soft, statistician tells IUMI conference

International Specialty
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Political Risk & Trade

Markel appoints Handen to lead Americas trade credit

Handen will lead the carrier’s growth initiatives across the US, Canada and Latin America

Specialty Markel

Political risk cover gains mid-market traction: WTW

Insurers but will require products better suited to middle-market buyers, broker says

International Specialty

India protests test boundaries of SRCC cover

Underwriters are paying closer attention to occurrence wording, geographic accumulations and the potential for civil unrest to develop into a broader political violence event, according to Markel

India Specialty

Political risk market forecast to reach $49bn by 2031

Middle East and Africa forecast to be the fastest growing regional markets

International Political Risk and Trade
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Terrorism

Political risk market forecast to reach $49bn by 2031

Middle East and Africa forecast to be the fastest growing regional markets

International Political Risk and Trade

Clearwater launches crisis management division

Managing general agent will initially write active assailant, terrorism and political violence risks

London Specialty

Increasing unrest creates PV&T opportunity in Asia

Coverage exclusions and demand for higher limits are creating opportunities for the international specialty carriers, Markel’s Henry Ang says

Markel Asia Pacific

Markel appoints Ang head of terrorism in Singapore

Ang will be responsible for developing Markel’s political violence and terrorism portfolio in the Asia-Pacific region

Markel Specialty
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