Back-to-basics approach pays off for Gothenburg-based marine mutual

Lawyers raise spectre of 12-month total loss claims for deprivation of use, with aggregate payout potentially running to billions of dollars

Base case remains ceasefire in next few weeks, but fears growing that Houthis could resume Red Sea attacks

Attritional claims volume below expectations, but payouts higher than anticipated at marine mutual 

$40m consortium is also backed by syndicates including Axis, Everest, QBE and Scor

Lloyd’s broking firm is founded by former Miller broker Alex Taylor

Any future insurance for these vessels would need to be ‘bespoke, extremely high in value and likely supported by governments’, Axa XL’s Vicky Roberts-Mills and Jarek Klimczak say

Costlier energy is only one in a pileup of risks facing re/insurers for many months to come

London market broker hires Marsh's Jonny Rowling to lead new practice 

The insurer’s head of Southern Europe, Julien Guénot, worries about cyber risk volatility and loss deterioration in casualty lines

The sustained reduction in aviation fatalities is the result of continuous effort by countless individuals and organisations

Louth joins insurer from Willis where he was head of broking for global aviation and space

Back-to-basics approach pays off for Gothenburg-based marine mutual

Escalating cyber threats fuelled by ransomware, artificial intelligence and geopolitical tensions are outpacing the insurance industry’s ability to respond, Munich Re warns

For insurers, proactive planning, precise policy drafting and robust claims protocols are essential for such a high-stakes global event

Former Enstar executive Matthew Kirk succeeds Peter Vogt

Growing appetite for cover as missile strikes and regional unpredictability heighten threats to businesses, survey finds

Insurers and trade bodies are calling for changes to ‘super conservative’ bank capital rule that is depressing demand for trade credit insurance

JWC secretary expresses doubt about US effort

The JWC confirmed that Bahrain, Djibouti, Kuwait, Oman and Qatar have been added to the listed areas for hull war, piracy, terrorism and related perils

Prolonged conflict could lead to stricter underwriting conditions and reduced capacity, particularly for risks linked to critical infrastructure and high-profile locations, analysts warn

Pool Re hails record number of private reinsurance backers

Escalation between the US, Israel and Iran is transforming political violence risk from a contained threat into a multi-jurisdictional accumulation challenge for insurers

The JWC confirmed that Bahrain, Djibouti, Kuwait, Oman and Qatar have been added to the listed areas for hull war, piracy, terrorism and related perils