Marine carriers bear more than $45bn in exposure on hull-only policies, while aviation hull liabilities come to about $35bn, says Guy Carpenter

Liability could eventually run to billions of dollars

Freight forwarders may be held liable as contractual carrier under international conventions or national transport statutes

Public-private partnership ‘brings stability to maritime trade at a critical moment’, chief executive contends, but there are still no known users for Iran conflict emergency facility

The scale and spillover of the current crisis is drawing corporate operations and global supply chains directly into the conflict environment, according to WTW’s Patrick Rogers

$40m consortium is also backed by syndicates including Axis, Everest, QBE and Scor

Lloyd’s broking firm is founded by former Miller broker Alex Taylor

Any future insurance for these vessels would need to be ‘bespoke, extremely high in value and likely supported by governments’, Axa XL’s Vicky Roberts-Mills and Jarek Klimczak say

Leave to appeal given on several technical points concerning the scope and wording of the war cover

London market broker hires Marsh's Jonny Rowling to lead new practice 

The insurer’s head of Southern Europe, Julien Guénot, worries about cyber risk volatility and loss deterioration in casualty lines

The sustained reduction in aviation fatalities is the result of continuous effort by countless individuals and organisations

While insurers welcome the ceasefire, the LMA cautions trade is unlikely to ‘simply resume’

Liability could eventually run to billions of dollars

Freight forwarders may be held liable as contractual carrier under international conventions or national transport statutes

Public-private partnership ‘brings stability to maritime trade at a critical moment’, chief executive contends, but there are still no known users for Iran conflict emergency facility

Growing appetite for cover as missile strikes and regional unpredictability heighten threats to businesses, survey finds

Insurers and trade bodies are calling for changes to ‘super conservative’ bank capital rule that is depressing demand for trade credit insurance

JWC secretary expresses doubt about US effort

The JWC confirmed that Bahrain, Djibouti, Kuwait, Oman and Qatar have been added to the listed areas for hull war, piracy, terrorism and related perils

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 hails record number of private reinsurance backers

Escalation between the US, Israel and Iran is transforming political violence risk from a contained threat into a multi-jurisdictional accumulation challenge for insurers

The JWC confirmed that Bahrain, Djibouti, Kuwait, Oman and Qatar have been added to the listed areas for hull war, piracy, terrorism and related perils