Specialty
Gap between Black Sea and Red Sea war risk rates is narrowing
The Russian, Ukrainian and Belarusian war risk exclusion justified earlier differential, but comparative loss records have seen reassessment of risk
Spyware-on-sea: how insurers can protect maritime infrastructure
Cyber attacks on the global merchant fleet are rising and shipping companies need better defences and bigger insurance policies
Generali leads slip on Red Sea suezmax blaze cargo
Total loss could double rates for cargo war risk across region, sources say
No payout from oil industry clean-up scheme in event of Sounion spill
Matter rests with war risk insurers, International Oil Pollution Compensation Funds confirms
The next Gold Rush? Why deep-sea mining sparks controversy
Technology and regulation race against – not with – each other, as companies and nations seek to harvest the world’s abyssal plains
Marsh launches global solution for CO2 transport and storage projects
New solution address insurance limitations previously hindering advancement of the carbon capture and storage industry
Pine Walk launches renewables MGA
New MGA Novagen will be led by Valeria Del Villano as chief executive
Deep thoughts: why deep-sea mining poses more questions than it answers
Romie Goedicke, co-lead for nature at the UNEP FI, outlines the concerns surrounding deep-sea mining and the potential risks for re/insurers
Axis promotes White to head of aviation
Executive succeeds Terry Wood, who is retiring after 22 years at the Bermuda-based carrier
Skyward Specialty launches aviation programme
US commercial lines specialist partners with Acceleration Aviation Underwriters on launch of new programme
Aviation rates slow in H1 amid projections market could hit $8bn in size
Warnings of ‘dark cloud’ over sector as competition for income and market share contribute to an overall softening of the market
Flight to quality: cyber risks in aviation
The CrowdStrike incident serves as a stark reminder not all cyber or technology loss events are deliberate attacks
Brit profits climb 21% in H1
Specialist re/insurer’s undiscounted combined ratio improves to 80.5%
MMC and Zurich call for public-sector support on cyber cat resilience
Greater public-private action is needed for the development of innovative solutions to close the cyber insurance coverage gap, white paper argues
Insurers should welcome latest ruling on arbitration
Privy Council’s decision in Sian Participation Corp (in liquidation) v Halimeda International affirms a party choosing arbitration will not be limited in its choice of future legal remedies
Defining ‘unprecedented’ in the world of political violence
Political violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events
Businesses worried about 2024 election unrest
Nearly three-quarters of respondents say they fear elections will have an impact on their international operations and ability to trade, Beazley survey finds
Viewpoint: Black flag on the high seas
Supply chains are at increased risk of interruption by hostile actors, with Houthi attacks in the Red Sea forcing shipowners to reroute vessels
Viewpoint: Assessing risks in a big year for African democracy
With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts
Defining ‘unprecedented’ in the world of political violence
Political violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events
Evaluating liabilities and cover for Martyn’s Law
Regardless of who wins the UK election, there will be new duties in relation to the protection of the public, which will have insurance implications
Terrorists 'to make limited use of AI in near future'
Technology may help propaganda and targeting efforts, but extremists will adopt it slowly, Pool Re report finds
Evolin launches terrorism facility
New facility, which is led by Chaucer, has up to $500m limit per policy for terrorism
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