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
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
Rokstone taps QBE’s Chandran to lead Apac marine business
Specialty MGA hires marine market veteran to drive Asia expansion
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
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
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
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
Skyward Specialty launches aviation underwriting unit
US specialty group acquires assets of Acceleration Aviation Underwriters
Hive enters space insurance with hire
MGA expands product offering with hire of Occam’s Jack Kenneally
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
Nigeria opens access to overseas aviation insurance
New regulation will allow lessees to cede up to 90% of risk to international re/insurers
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
Africa Specialty Risks launches automated underwriting portal
Quote-and-bind platform will initially offer energy and D&O product lines
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
Axa XL survey foresees slowdown in credit and political risk
Easing inflation and lower prices indicate post-pandemic growth spurt is cooling
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
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
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
Optio returns to PVT market with new offering
Lloyd's-backed product offers a $150m limit
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
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
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
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