 
            Specialty
 
                    
                
                    
                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
 
                    
                
                    
                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’
 
                    
                
                    
                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
 
                    
                
                    
                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
 
                    
                
                    
                Ryan Specialty launches unified global renewables division
Managing general underwriter to combine renewable energy MGUs, PERse Americas and PERse International, with recently acquired Albus
 
                    
                
                    
                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
 
                    
                
                    
                Axis energy transition syndicate given full approval
Lloyd’s syndicate 2050 will begin writing business in April
 
                    
                
                    
                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’
 
                    
                
                    
                Viewpoint: Turbulence ahead for the aviation insurance market
The frequency of catastrophic aviation losses has slowed in recent years but their severity has increased
 
                    
                
                    
                Acrisure launches aerospace division
The new division brings together several Acrisure businesses under the leadership of managing partner, Jason Riley
 
                    
                
                    
                Rokstone expands US aviation team with three hires
Managing general agent hires industry experts from AIG, Starr and Lockton
 
                    
                
                    
                PartnerRe names Strasser head of aviation
Bermuda-based carrier appoints long-standing company executive William Strasser to succeed Benjamin Weber
 
                    
                
                    
                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
 
                    
                
                    
                Ryan Specialty launches unified global renewables division
Managing general underwriter to combine renewable energy MGUs, PERse Americas and PERse International, with recently acquired Albus
 
                    
                
                    
                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
 
                    
                
                    
                Mosaic launches primary tech E&O
New product builds on the launch of the specialty carrier’s global primary cyber insurance offering last year
 
                    
                
                    
                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
 
                    
                
                    
                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
 
                    
                
                    
                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
 
                    
                
                    
                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
 
                    
                
                    
                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
 
                    
                
                    
                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
 
                    
                
                    
                Markel International hires senior underwriter for war and terrorism team
Woodhouse joins from Howden, where he was divisional director of terrorism and political violence
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