Benchmark war risk rates have fallen since announcement of ceasefire that expires at midnight April 22

Consortium will provide cover for vessels and cargoes transiting the Strait of Hormuz

Claim would need authorisation from executive committee, but banking restrictions may make payments difficult

Cost of claims now a third higher than before pandemic, says Cefor

Climate policymakers warn of fossil fuel crisis, while insurance survey reveals energy leaders see continuation of oil and gas

A major loss, a withdrawal of capacity or a shift in reinsurance appetite could quickly change the direction of the market, Willis’s Michael Buckle says

Despite mounting loss activity and geopolitical volatility, the energy insurance market remains deeply soft, according to Willis

Revell has more than 30 years of reinsurance experience

Aviation war market has failed to learn from Russia as Middle East Gulf tensions test pricing, coordination and leadership, warns Hive chief executive, Bruce Carman

Outside the region, robust capacity continues to temper calls for a market correction

Executive joins Lloyd’s broker from Consilium

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

Insurance market urged to collaborate on clearer definitions and a standardised framework for exclusions

Benchmark war risk rates have fallen since announcement of ceasefire that expires at midnight April 22

Lane Assist automatically extracts data and constructs quotes for ‘low-complexity’ submissions in seconds

Sub-syndicate will target ‘innovative growth opportunities’

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