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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

Commons committee will probe Russia insurance sanctions enforcement

Lloyd’s and company market bodies to provide information to committee as chair vows to ‘deal a fatal blow to Kremlin’s war chest’

London Lloyds

RSA targets $350m capacity for new project cargo consortium

The insurer launched the Build consortium with Brit at the start of this year and is aiming to become a market leader in the global project cargo risks market

Marine RSA

Marsh expands Ukraine war risk facility

Ascot-led facility can now provide reduced war risk insurance to all non-military shipping to and from Ukraine ports

Ukraine Lloyds
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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

Axis energy transition syndicate given full approval

Lloyd’s syndicate 2050 will begin writing business in April

London Lloyds

Commons committee will probe Russia insurance sanctions enforcement

Lloyd’s and company market bodies to provide information to committee as chair vows to ‘deal a fatal blow to Kremlin’s war chest’

London Lloyds
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Aviation

Viewpoint: Turbulence ahead for the aviation insurance market

The frequency of catastrophic aviation losses has slowed in recent years but their severity has increased

International Aviation

Acrisure launches aerospace division

The new division brings together several Acrisure businesses under the leadership of managing partner, Jason Riley

United States Specialty

Rokstone expands US aviation team with three hires

Managing general agent hires industry experts from AIG, Starr and Lockton 

United States Specialty

PartnerRe names Strasser head of aviation

Bermuda-based carrier appoints long-standing company executive William Strasser to succeed Benjamin Weber

PartnerRe Bermuda
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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

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

Mosaic launches primary tech E&O

New product builds on the launch of the specialty carrier’s global primary cyber insurance offering last year

International Mosaic
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Political Risk & Trade

Marine insurers face extra due diligence in Russia oil price cap crackdown

From February 20 pre-voyage attestations required for all tankers calling at Russia, affecting about 41% of tankers covered by Western insurers, a proxy for price cap compliance, based on January callings

International Marine

Canopius names head of structured credit

Specialty re/insurer hires Volante Capital’s Deftereos in a series of appointments to expand global credit and political risk team

London Asia Pacific

War risk market split on covering US- and UK-linked vessels for Red Sea transits

Some underwriters fear Yemeni rebels will single out American and British tonnage in retaliation for airstrikes, with others still ready to quote

Middle East and Africa London

Red Sea war risk rates soften as insurers price in Prosperity Guardian

Additional premiums steady or even slightly down as underwriters return to desks, confounding pre-Christmas expectations

Political Risk and Trade Yemen
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Terrorism

Legal Focus: Insurers have limited time to respond to Martyn's law consultation

The widening gap between standard- and enhanced-tier premises as defined by the bill could affect insurers

United Kingdom Legal focus

Big Interview: Move to treaty will return terrorism risk to private sector: Pool Re CEO

Change in terrorism reinsurance scheme is in line with how the UK government sees the market evolving, Pool Re’s Tom Clementi says

United Kingdom Terrorism

Markel International hires senior underwriter for war and terrorism team

Woodhouse joins from Howden, where he was divisional director of terrorism and political violence

London Markel
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