Marine insurers have incurred an estimated $1.5bn-$2bn in claims from about 70 casualties linked to the Middle East Gulf conflict, according to IUMI director general Lars Lange

White Bear-owned managing general agent expands marine specialty risks portfolio

Jeong-Sook Kim takes responsibility for market in the Asian country

Munich Re’s head of marine underwriting is the sole candidate to succeed Frédéric Denèfle as IUMI president

Data centre stakeholders can better manage longer-term climate risks, such as heat and drought, that may increase cooling costs, squeeze margins and threaten insurability

Expanded facility will provide cover for earthquake, flood, wildfire, windstorm and other natural catastrophe risks worldwide

New division will target emerging and specialist markets across Africa, the Middle East, Europe, Asia and the Americas

Specialty intermediary partners with South African broker GIB on suite of coverage for developers, lenders and owners involved in South Africa’s energy transition

Cost of major repairs jumps nearly 11% year-on-year amid labour shortages and increased cost of parts and materials, McLarens Aviation data shows

Aviation retrocession markets are becoming cautions of rising losses amid a ‘changing view of risk’, Gallagher Re reports

Underwriters are becoming more concerned about the systemic impact of risks originating from outside the aviation sector, IUAI research finds

The seasonal concentration of losses, the variability of pilot quality, the constraints of the local repair environment and the expected emergence of autonomous platforms present challenges for the insurance market

Marine insurers have incurred an estimated $1.5bn-$2bn in claims from about 70 casualties linked to the Middle East Gulf conflict, according to IUMI director general Lars Lange

White Bear-owned managing general agent expands marine specialty risks portfolio

Jeong-Sook Kim takes responsibility for market in the Asian country

Re/insurer previously held approximately 49% of S-RM’s shares

Middle East Gulf conflict most likely explanation for pricing increases

Political violence risk can no longer be assessed only through the lens of war or terrorism — it must also account for disruption that sits below the threshold of open conflict

Insurers and their clients will need to treat political risk as a permanent feature of the operating environment, warns WTW’s Sam Wilkin

Insured political violence and terror losses arising from the conflict could reach $3bn, Howden Re estimates

Coverage exclusions and demand for higher limits are creating opportunities for the international specialty carriers, Markel’s Henry Ang says

Ang will be responsible for developing Markel’s political violence and terrorism portfolio in the Asia-Pacific region

Insured political violence and terror losses arising from the conflict could reach $3bn, Howden Re estimates

Political violence and terrorism claims arising from Iran conflict could be higher than from the war in Ukraine, Allianz warns