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Demand for physical cyber cover increasing: Brit

Businesses have a more sophisticated understanding of how the digital world is now meshed with the physical world, carrier’s head of cyber says

Lloyds Cyber

Oak Re syndicate 2843 receives final Lloyd’s approval

Global reinsurer’s syndicate backed by Bain Capital and Hampden Agencies to begin underwriting from January 1, 2025

London Lloyds

Ascot and Markel lead hull war risk slip on captured Galaxy Leader

Travelers on hook for seafarer kidnap and ransom, market sources say

Israel Yemen

UK launches captives and ILS consultations

Consultations come as chancellor Rachel Reeves says re/insurance is one of five 'priority growth opportunities' for the UK

United Kingdom Lloyds

FCA to amend proposals on publicising inquiries

Financial Conduct Authority will release new proposals within a week, its chief executive tells House of Lords committee

United Kingdom Regulation

More insurers embrace net-zero underwriting, survey finds

Eight in 10 insurers are imposing ‘climate and sustainability’ underwriting frameworks amid pressure from reinsurers, according to a new survey by Marsh

International Climate change

When net-zero and competition law collide

Lloyd's is under pressure from campaigners to prohibit syndicates from underwriting fossil fuel risks, but whether such a prohibition would be legal under competition laws is not clear cut

International Lloyds

Lloyd’s professional liability underwriting manager Doe & Emuss launches

D&E will offer professional liability underwriting services via wholesale brokers and agents in London, the US and Canada

London Lloyds

Abundance of capacity pushes cargo rates down

Carriers have been taken by surprise by the speed at which rates have softened, Gallagher Specialty says

London Specialty

Hiscox reports 3% ICWP premium growth but trims London book

London-listed group to reserve net loss of $75m for Hurricane Milton 

London Reinsurance

Antares Global unveils underwriting restructure

Global re/insurer forms retail and commercial divisions and launches UK-based insurer to write MGA business 

United Kingdom London

Shipowners’ Club acquires Lloyd’s MGA

Shipowners’ Club plans to use Lloyd’s MGA to offer hull policies to protection and indemnity clients

Lloyds Specialty
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