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Marine

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

Regulation United States

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

Specialty Marine

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

Europe Russian Federation

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

United Kingdom Terrorism
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Energy

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

Specialty Mergers and Acquisitions

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

Canopius Specialty

Axa XL joins Nuclear Energy Maritime Organization

Specialist re/insurer joins organisation committed to the integration of nuclear technology into shipping

Energy Innovation

Are ageing solar panels Britain’s next fire hazard?

Rooftop solar panels are developing a recognisable claims profile, with fires linked to ageing equipment, inconsistent installation practices and a lack of routine maintenance

Property Risk Management
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Aviation

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

Viewpoint Specialty

LSM names Louth head of aviation

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

London Specialty

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 

International Willis Towers Watson

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

Venezuela Marine
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Specialty

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

Viewpoint Specialty

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

Regulation United States

Specialty insurer Pinion launches backed by Barings Capital

Pinion will offer insurance capacity for managing general agents in the US, UK and Europe

Distribution People

European W&I markets on track for record 2025

Sector could see more than 3,200 policies placed last year, up from 2,975 in 2024, analysis by HWF finds

Europe Specialty
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Political Risk & Trade

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

London Canopius

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

United Kingdom Legal focus

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

International Howden

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

Europe Lloyds
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Terrorism

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 Synthetik

Insurtech Losses

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

United Kingdom Terrorism

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

United States Property

Australian terror pool issues notice on Bondi shootings

Cover becomes effective if federal minister declares shootings an act of terror

Australia Reinsurance
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