Specialty
Beazley hires Axa XL’s Khera as head of marine
Underwriter jumps ship between two big names in H&M
Danish state marine war risk plan backed
Government to provide guarantee worth almost $1bn
London Club opens Shanghai office
International Group affiliate sets up shop in free trade zone as clubs battle it out for China market share
P&I cover void if owners waive dangerous goods rights, International Group rules
Hague and Hague-Visby stipulations ‘long-established and fair’, marine mutuals say, with changes set to come in at next P&I renewals
Casper launches renewable energy MGA Tundra Specialty
New division marks the ‘first milestone’ in managing general agent's plan to broaden product footprint
Green transition ‘requires more sophisticated insurance products’
Investment in transition technologies requires a combination of specialist financial lines insurance and more traditional covers, Tokio Marine GX chair, Fraser McLachlan, says
Howden expands Aviva-backed renewables facility
Facility will now be available across the broker's UK hubs
Howden US names Palomba deputy head of natural resources
Broker continues US build-out with hire of Aon managing director
Tysers names Upton marine and aviation director
Lloyd's broker hires Castel executive to lead development of London market facultative solutions
Lockton Re names Bell head of aviation
Bell joins reinsurance broker from Aon
Atrium warns on 2021 year of account amid aviation claims uncertainty
Lloyd’s carrier says decision will be take in the first quarter of next year on whether to close the 2021 year of account
Capacity continues to temper airline rates: Gallagher
An ‘abundance’ of capacity is hampering efforts by carriers to raise prices as the busy final quarter for renewals gets under way
Carbon Underwriting well placed to navigate softening market: Ferrier
Lloyd’s insurer’s new chief executive, Jacqueline Ferrier, says the business is in a strong position to manage tougher market conditions
Beazley hires Axa XL’s Khera as head of marine
Underwriter jumps ship between two big names in H&M
AWS outage insured losses between $38m and $581m: CyberCube
Preliminary estimate suggests only a moderate loss ratio impact for cyber insurers from the Amazon Web Services outage, despite disruption to thousands of organisations worldwide
Danish state marine war risk plan backed
Government to provide guarantee worth almost $1bn
Canopius appoints Kimber credit and political risk underwriter
Kimber joins from Swiss Re, where he led the sovereign credit and political risk insurance team across Europe, Middle East and Africa
Interpreting political risk and political violence coverage
The judgement in Hamilton Corporate Member and others v Afghan Global Insurance provides a pragmatic interpretative framework for differentiating political risk from political violence in the context of English insurance law
Multinationals face rising political risk exposure: Howden
Half of multinational companies experienced political risk losses between 2020 and 2025, with some exceeding $100m, survey finds
Lloyd’s becoming increasingly attractive for trade credit business
Coface execs say Lloyd’s new AA- credit rating, regulatory changes and global network paved the way for new trade credit syndicates
Pool Re rewires UK terrorism backstop to tackle SME protection gap
Chief underwriting officer, Jonathan Gray, discusses Pool Re’s structural overhaul and what it means for insurers, SMEs and the future of terrorism protection
MGA Samphire acquired in Kantara Capital-backed MBO
Investment vehicle of CFC founders David Walsh and Graeme Newman supports buyout of crisis management specialist MGA
WTW launches $200m cargo facility
New facility is designed to safeguard cargo owners from geopolitical risks such as terrorism, war and political violence
LA protests force rethink of SRCC coverage
Recent unrest in Los Angeles has reignited concern over the insurance industry's approach to strikes, riots and civil commotion cover, exposing definitional grey areas, silent coverage risks and an urgent need for modernised risk assessment tools, according to experts
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