Specialty
US ease-off on Russia sanctions will make no difference to insurers
Nearly all shipowners and marine insurers will still have to stick to UK and EU rules, legal experts say
Insurers are ready for the return of shipping to the Gulf
The limits of what insurance can achieve are becoming clear as the Strait of Hormuz crisis enters its third week
Re/insurers must plan now for nuclear-powered ships: Axa XL
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
Prolonged Iran conflict ‘could expose reinsurers to economic turmoil’
AM Best warns on regional and global impacts of a prolonged war in the Middle East
Re/insurers must plan now for nuclear-powered ships: Axa XL
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
Dire straits
Costlier energy is only one in a pileup of risks facing re/insurers for many months to come
Insurers like green data centres, but only if the lights stay on
Big Tech is open to renewables and may find innovative ways to save energy — but uninterrupted power is the first priority, WTW experts say
HDI appoints Wilson global head of claims for energy and power
David Wilson joins the industrial insurer from Allianz
Cyber and casualty are concerns in the soft market: Axa XL’s Guénot
The insurer’s head of Southern Europe, Julien Guénot, worries about cyber risk volatility and loss deterioration in casualty lines
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
US ease-off on Russia sanctions will make no difference to insurers
Nearly all shipowners and marine insurers will still have to stick to UK and EU rules, legal experts say
Insurers are ready for the return of shipping to the Gulf
The limits of what insurance can achieve are becoming clear as the Strait of Hormuz crisis enters its third week
AIG launches AI-enabled partnership with McGill
Insurance giant will use agentic AI to support the deployment of insurance capacity to McGill and Partners’ specialty clients
Gibbs to exit as SiriusPoint unveils major reorganisation
Reinsurer creates global P&C programmes and London market specialty divisions
LMA pledges to work with US on political risk insurance for shippers
JWC secretary expresses doubt about US effort
Joint war committee revises listed areas following Iran strikes
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
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
Pool Re announces £2.75bn retrocession package
Pool Re hails record number of private reinsurance backers
Iran conflict widens political violence exposure across the Middle East
Escalation between the US, Israel and Iran is transforming political violence risk from a contained threat into a multi-jurisdictional accumulation challenge for insurers
Joint war committee revises listed areas following Iran strikes
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
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
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