
Specialty

Shipowners’ Club’s underwriting is at absolute sweet spot: Peacock
Keeping things ‘flat and stable’ is the key to success, marine mutual’s chief executive argues

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

Breaking down the clean energy numbers: Chaucer’s Schnorr
Specialty group’s head of marine and energy, Simon Schnorr, outlines how the role of re/insurers must expand to support the energy transition

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

Gallagher and WTW joint brokers on Air India insurance cover
Reports suggest New India leads operator’s insurance cover, while AIG said to lead reinsurance programme

Fidelis ‘reviewing options’ following aviation ‘mega-trial’ judgment
Bermuda-based carrier says it is ‘disappointed’ with judgment and is considering a possible appeal

War risks insurers liable in aviation lessor ‘mega-trial’, High Court rules
AerCap secures $1bn payout under Lloyd’s-led war risks policy for planes trapped in Russia

Skyward Specialty launches aviation underwriting unit
US specialty group acquires assets of Acceleration Aviation Underwriters

CFC hires Markel’s Line as CUO
Specialist MGA appoints long-standing Markel International executive to oversee underwriting across the group

IQUW promotes Furlong to lead technical underwriting
Specialty carrier appoints head of marine, energy and aviation to newly-created role

Volante strengthens board with Lloyd’s veteran
International underwriting group appoints Peter Montanaro as non-executive director

Shipowners’ Club’s underwriting is at absolute sweet spot: Peacock
Keeping things ‘flat and stable’ is the key to success, marine mutual’s chief executive argues

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

Regulation tops worries for transport sector
Geopolitical disputes prompt concerns about business disruption, WTW survey finds

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

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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