Specialty
Nordic Plan war risk policies may not protect ships against state seizure
Heroic Idun decision based on ‘legacy conception’ of international relations, leading lawyer argues
Venezuela sanctions breaches invalidate P&I cover, Skuld warns
Rules give insurer right to terminate policy where shipowners put club at risk of adverse state action
Lloyd’s Register backs claims of surge in off-spec marine fuels
Comments come after recent similar findings from VPS Veritas, but marine insurers divided over claims frequency trends
Russia crude ban would cost marine underwriters hundreds of millions of dollars
EU measures likely to shut down the trade in most cases, as legal profession mulls scope for lawful workarounds
Pre-disaster insurance market is growing: Napiorkowski
‘We can boost climate finance by spreading the word about technology performance insurance,’ Ariel Green managing director Jan Napiorkowski says
Skyward Specialty deal geared towards growth: Apollo’s Slaughter
Apollo’s chief underwriting officer James Slaughter discusses the Lloyd’s carrier’s acquisition by Skyward Specialty, smart follow underwriting and opportunities in drone insurance
Canopius consolidates natural resources team
Natural resources consolidation will allow specialty re/insurer's underwriters to work with brokers to create bespoke, cross-class solutions
Axa XL joins Nuclear Energy Maritime Organization
Specialist re/insurer joins organisation committed to the integration of nuclear technology into shipping
Aviation safety is a product of the many and not the few
The sustained reduction in aviation fatalities is the result of continuous effort by countless individuals and organisations
LSM names Louth head of aviation
Louth joins insurer from Willis where he was head of broking for global aviation and space
Willis re-enters light and recreational aviation sector
Broker returns to the market for the first time in 30 years following arrival of Crispin Speers team
Marine and aviation insurers ‘most exposed to Venezuela spillover risk’
Geopolitical developments tied to Venezuela are sharpening tail risk for specialty insurers, particularly in marine, aviation and political risk, despite minimal direct exposure to the country
Convex books record full-year profit of $711m
Bermuda-based carrier’s gross written premiums approach $6bn in sixth year of operation
Pinion appoints Selvig US CUO
Kyle Selvig will oversee Pinion’s MGA network build-out following the firm’s launch earlier this week
QBE sells trade credit and surety business to Swiss Re
Sale is latest step in Australian giant’s portfolio optimisation strategy
Westfield Specialty premiums surpass $1.9bn in 2025
Specialty insurer reports full-year combined ratio of 93.1% as portfolio build-out continues
Canopius appoints Kimber credit and political risk underwriter
Kimber joins from Swiss Re, where he led the sovereign credit and political risk insurance team across Europe, Middle East and Africa
Interpreting political risk and political violence coverage
The judgement in Hamilton Corporate Member and others v Afghan Global Insurance provides a pragmatic interpretative framework for differentiating political risk from political violence in the context of English insurance law
Multinationals face rising political risk exposure: Howden
Half of multinational companies experienced political risk losses between 2020 and 2025, with some exceeding $100m, survey finds
Lloyd’s becoming increasingly attractive for trade credit business
Coface execs say Lloyd’s new AA- credit rating, regulatory changes and global network paved the way for new trade credit syndicates
UK civil unrest could trigger losses exceeding £4bn
Policing incidents, overseas conflicts and financial shocks could spark disorder capable of causing unprecedented insured losses, according to modelling firm Synthetik
UK P&I Club maintains $500m war risks P&I limit
2026 renewal preserves existing war risks limits alongside exclusions relating to Russia, Ukraine and Belarus
US terrorism rates fall as competition heats up
On average terrorism policyholders experienced a price decrease of 10.4% in the final quarter of 2025, according to WTW
Australian terror pool issues notice on Bondi shootings
Cover becomes effective if federal minister declares shootings an act of terror
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