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Marine

Allianz Commercial leads H&M slip on burning car carrier

London market understood to have 30% of Morning Midas hull cover, with Convex, Fidelis and Ai said to have follow positions on slip

London Marine

Why many P&I clubs are losing money on underwriting

A string of International Group affiliates have posted high combined ratio and brokers expects rate hikes at the next renewal round could be even higher than the last one

International Gard

Rokstone taps QBE’s Chandran to lead Apac marine business

Specialty MGA hires marine market veteran to drive Asia expansion

Asia Pacific Distribution

Some marine underwriters subsidising hull discounts with war risk windfall: Allianz’s Heinrich

Influx of MGA capacity is making life ‘tricky’ for established carriers, insurer’s head of hull says, with soft hull and machinery market set to continue

London Specialty
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Energy

Ryan Specialty launches unified global renewables division

Managing general underwriter to combine renewable energy MGUs, PERse Americas and PERse International, with recently acquired Albus

North America Energy

US severe convective storms pose risk to solar

Severe convective storms are driving record insured losses in the US and posing growing risks to solar farms – innovative mitigation strategies and advanced risk assessments are vital for resilience

United States Climate change

Fac market compelled to follow declining energy rates: Acrisure Re’s Cooper

Acrisure Re’s head of power international facultative explains why there is enhanced scrutiny of facultative reinsurance purchases

International Energy

Tiernan urged to act against fossil fuel expansion

Campaign group calls on new Lloyd’s chief executive to lead market-wide shift towards sustainable underwriting

Lloyds Specialty
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Aviation

Skyward Specialty launches aviation underwriting unit

US specialty group acquires assets of Acceleration Aviation Underwriters

United States Specialty

Hive enters space insurance with hire

MGA expands product offering with hire of Occam’s Jack Kenneally

London Specialty

WTW sees ‘two-track’ market in airline insurance

Recent renewals highlight challenge faced by insurers seeking to quote rate increases against a backdrop of relatively high capacity

International Aviation

Nigeria opens access to overseas aviation insurance

New regulation will allow lessees to cede up to 90% of risk to international re/insurers 

Nigeria Specialty
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Specialty

BP Marsh full-year NAV surges 42% to £326m

Insurance-focused investment firm reports pre-tax profit more than doubled to £104.7m for the last financial year

United Kingdom Broker

Ryan Specialty launches unified global renewables division

Managing general underwriter to combine renewable energy MGUs, PERse Americas and PERse International, with recently acquired Albus

North America Energy

Africa Specialty Risks launches automated underwriting portal

Quote-and-bind platform will initially offer energy and D&O product lines

Middle East and Africa Reinsurance

Allianz Commercial leads H&M slip on burning car carrier

London market understood to have 30% of Morning Midas hull cover, with Convex, Fidelis and Ai said to have follow positions on slip

London Marine
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Political Risk & Trade

Axa XL survey foresees slowdown in credit and political risk

Easing inflation and lower prices indicate post-pandemic growth spurt is cooling

International Specialty

Raising the stakes in political violence

Aegis London’s $100m political violence consortium comes at a time when traditional insurers have been heading for the exit, according to war and terrorism class underwriter, James MacDonald

London International

Re/insurers face new age of political risk

The increasing importance of geopolitical factors in business decision-making has led to a transformation of re/insurers from passive risk managers to active geopolitical intelligence agents

International Chaucer

Managing geopolitical risk in unprecedented times

From conflicts in Ukraine and the Middle East to emerging threats from China and the US, few underwriters have faced a geopolitical landscape as dynamic as it is now

International Special Report
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Terrorism

Optio returns to PVT market with new offering

Lloyd's-backed product offers a $150m limit 

London Specialty

Aegis doubles capacity for digital terrorism product to $500m

Lloyd's consortium-backed product now suitable for larger organisations with significant exposure to terrorist risks

London Lloyds

Pool Re completes third catastrophe bond placement

£100m bond offers collateralised retrocession cover and aims to safeguard UK taxpayers against the financial impact of terrorism, according to Pool Re

United Kingdom InsuranceLinked Securities

Pool Re completes transition to modernised catastrophe treaty reinsurance scheme

Updated model seeks reflect the changing nature of terrorism threats and improve how cover is distributed across the market

United Kingdom Reinsurance
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