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

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

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

Informal merger approaches regularly made, West of England P&I Club says following renewal

Lloyd’s syndicate 2050 will begin writing business in April

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

New business will be led by Alex Kirkby, who joins from Validus Re

Broker hires OneGlobal executive to expand Bermuda operation 

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

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

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

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

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

US specialty carrier’s head of fintech says structural economic factors made 2023 an ‘interesting year’ for financial institutions underwriters

Specialist re/insurance broker’s full-year revenues climb to £240m, with organic growth of 19%

London-listed carrier reports full-year profits soared to $626m, supported by record investment returns and higher underwriting profits, as the group unveils $150m share buy-back

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

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

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

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

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

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

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