Insurance Day is part of Maritime Intelligence

This site is operated by a business or businesses owned by Maritime Insights & Intelligence Limited, registered in England and Wales with company number 13831625 and address c/o Hackwood Secretaries Limited, One Silk Street, London EC2Y 8HQ, United Kingdom. Lloyd’s List Intelligence is a trading name of Maritime Insights & Intelligence Limited. Lloyd’s is the registered trademark of the Society Incorporated by the Lloyd’s Act 1871 by the name of Lloyd’s.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support +44 (0)20 3377 3996 / APAC support at +65 6508 2430

Printed By






Underwriters fear aggregation loss on Israeli ships

Local owners not generating sufficient premium revenue to cover scale of potential payouts, with hijacked Galaxy Leader worth up to $60m if declared a constructive total loss

Middle East and Africa Marine

London cargo market in best shape for more than a decade: Gallagher

Big surge in capacity in recent years, but profits still healthy, broker says

London Marine

Israeli shipowners set to pay more for Red Sea war risk cover after attacks

Premiums already up 200% after Galaxy Leader hijack and likely to get firmer this week

Israel Yemen

Falvey names Ascot's Nasso as chief underwriter

US marine insurer hires Ascot senior executive Tom Nasso to oversee underwriting

United States Specialty
See All

Decarbonisation challenge requires the ‘catalysing role’ of insurance: Golnaraghi

Geneva Association’s director of climate change says insurers can help drive efforts toward the $8trn needed in clean energy investments a year to reach net zero

Climate change International

Sustainable aviation fuel project ‘could be a template for insurers’

Founded by Bill Gates, Breakthrough Energy Catalyst funds and invests in first-of-a-kind commercial projects for emerging climate technologies

Energy Climate change

Lockton expands Norway team

Broker makes four senior hires to its Norwegian energy, renewables and property divisions

Norway Brokers

Global wind farm capital value reaches £1.9trn: Chaucer

Extreme weather threatens significant investments in renewable energy technology and increases need for insurance coverage, re/insurer says

International Chaucer
See All

Viewpoint: As innovation continues apace, rising costs will still dominate the agenda for aviation insurers in 2024

Emerging technologies tend to be expensive in their first iterations, ultimately pushing up claim costs for insurers

International Aviation

Fidelis MGU launches aviation MGA

Itasca MGA is the eighth managing general agent formed by Fidelis MGU's Pine Walk Capital incubator platform  

Bermuda Aviation

Rokstone swoops on AIG's Lanford for aviation head

Specialty MGA secures Allianz capacity for North American aviation facility

North America International

Divergence in aviation markets continues: Gallagher

Direct price hikes stall as excess-of-loss programmes expected to see mid- to high single-digit rate increases

International Specialty
See All

AM Best maintains stable outlook for US commercial lines

Rating agency cites ‘persistently strong’ underwriting results amid substantial economic and capital markets volatility

United States Casualty

Hamilton to focus new capital on property reinsurance

Bermuda carrier’s executives plan to deploy the proceeds of the recent IPO ‘as quickly as possible’

Bermuda Hamilton

'The UK fronting market may grow faster than the US': State National CEO

Senior executives from State National and Markel International discuss their plans for a joint venture they say will be bring new global insurance capacity to the ‘underserved’ and fast-growing UK MGA fronting market

United Kingdom Markel

Insurtech Bondaval names Rose group CUO

Trade credit insurtech hires former Aon, Chubb and Markel executive Ewa Rose as part of expansion plans

London Specialty
See All
Political Risk & Trade

Increase in elections will drive demand for political risk insurance: Chaucer

A number of ‘particularly important’ countries from a political risk perspective go to the polls next year, including India, South Africa, the US and the UK

International Chaucer

Israel marine war risk rates set for tenfold jump

Lack of Hamas naval and mine-laying capacity means prices are unlikely to go as high as the Ukraine precedent

Middle East and Africa Specialty

Half of cities face elevated SRCC risks: Verisk

Beirut, Johannesburg and Dhaka were ranked among the highest-risk cities over the next 12 months

International Specialty

Mosaic increases political risk capacity to $30m

Bermuda-based insurer also extends its funding horizon to support critical financing schemes in developing economies.

Bermuda Specialty
See All

Markel International hires senior underwriter for war and terrorism team

Woodhouse joins from Howden, where he was divisional director of terrorism and political violence

London Markel

Lockton names Bannister global head of war and terrorism

Broker continues expansion of crisis management practice with hire of Aon’s executive director of North American terrorism

London Specialty

Rokstone launches $255m US and Caribbean terrorism facility

London market-backed facility is a more flexible alternative to the US government’s backstop programme, MGA says

North America Terrorism
See All