Net income increased 16% and gross written premium rose 6%, although the combined ratio deteriorated amid higher acquisition costs, property market softening and greater competition in casualty lines

Underwriters remember Galaxy Leader, Sounion, Magic Seas and Eternity C casualties between 2023 and 2025

Ubuntu is not merely a philosophical ideal – it is an increasingly practical tool for ethical, sustainable, and customer-aligned insurance practice in South Africa

Under the model wording, insurers will not cover fees, tolls or other payments made to facilitate passage through Iranian waters

Specialty intermediary partners with South African broker GIB on suite of coverage for developers, lenders and owners involved in South Africa’s energy transition

Insurers should look at ways to ringfence or apply limits to volatile cost categories 

Coverage exclusions and demand for higher limits are creating opportunities for the international specialty carriers, Markel’s Henry Ang says

Marine incidents in the first half of the year fell by 65% compared to the same period a year ago because of stronger deterrence from law enforcement

Mid-single-digit percentage point range emerges as new normal

Underwriters reluctant to quote, say brokers, after three vessels attacked by Iran earlier this week

Renewed primary and excess cyber facility moves panel-based model with partners including Axa XL, Beazley, HDI Global and Markel

Brokers suggest some war risk carriers may take advantage of the slightly improved risk situation

Chubb-led $40bn war risk scheme can be launched, when necessary, government official confirms

Distinction between war risk and core coverage no longer valid, head of hull at heavyweight broker contends

High Court in South Africa clarifies the operation of claims-made policies and underscores the critical importance of timeous notification

Normalisation hinges on return to historic transit volumes, say underwriters