Marine mutual trims combined ratio to 106% as pool claims revert to normal levels, but performance lags top-ranking clubs

Marine insurers face Catch-22 blocking statute, Lloyd’s Market Association warns

Non-physical damage loss of hire payouts may run to hundreds of millions of dollars

Counterparties may need time to accept the new pool launched by New Delhi. Reliance on traditional P&I clubs will remain, with the pool seen by industry experts as complementary

Richème succeeds Juergen Cherreck who joined Axa in 2018

London market facility provides property damage and business interruption cover across the lifecycle of nuclear projects

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

The seasonal concentration of losses, the variability of pilot quality, the constraints of the local repair environment and the expected emergence of autonomous platforms present challenges for the insurance market

Julio Jimenez to lead new practice targeting airlines, aerospace companies and aviation operators

London-based managing general continues product line expansion

A reduction in the number of flights could have a knock-on effect on insurers, WTW warns

The closure of the Strait of Hormuz and the consequent supply chain disruption affecting food supply and production are creating the conditions for future economic distress and civil unrest which will impact political violence insurers 

Marine mutual trims combined ratio to 106% as pool claims revert to normal levels, but performance lags top-ranking clubs

Nearly $800bn of US data centre investment exposed to storms, hurricane and quake risk, MS Amlin analysis reveals

The seasonal concentration of losses, the variability of pilot quality, the constraints of the local repair environment and the expected emergence of autonomous platforms present challenges for the insurance market

BPL Re will focus on credit, political risk and surety business

Many businesses found rising tariffs to be the most difficult political risk to manage, Willis survey finds

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

Political violence and terrorism claims arising from Iran conflict could be higher than from the war in Ukraine, Allianz warns

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