Specialty
Reasonable recovery and grip of peril considered in landmark rulings
Recent decisions of English courts have given helpful guidance on the steps assureds should take to mitigate losses, as well as giving clarity on the scope of the grip of peril doctrine
What the delay to the IMO’s Net-Zero Framework means for marine insurers
Insurers must be aware of how to support their insured clients in navigating the rapidly changing regulatory landscape and the transition to new fuels
Markel promotes Davies to London market MD
Davies takes charge of Markel’s newly formed London market business following restructure
Roppestad confirmed as chair of International Group
Gard chief executive takes over from Britannia’s Cutler
Rate softening continues in energy insurance market: Willis
Upstream and downstream energy see continued softening, despite experiencing different loss environments
Macquarie launches London underwriting business
Longbrook Insurance will offer transaction liability and energy cover
FM expands resilience credit to $825m
Company also sets up consultancy and analysis unit, FM Solutions
Global renewable energy insurance premiums could reach $26bn by 2030
Global renewable energy capacity will nearly double to 8.5 terawatts by 2030, pushing insurers to adapt as solar, wind, and hydropower projects expand across established and emerging markets, Swiss Re forecasts
Reasonable recovery and grip of peril considered in landmark rulings
Recent decisions of English courts have given helpful guidance on the steps assureds should take to mitigate losses, as well as giving clarity on the scope of the grip of peril doctrine
Tysers names Upton marine and aviation director
Lloyd's broker hires Castel executive to lead development of London market facultative solutions
Lockton Re names Bell head of aviation
Bell joins reinsurance broker from Aon
Atrium warns on 2021 year of account amid aviation claims uncertainty
Lloyd’s carrier says decision will be take in the first quarter of next year on whether to close the 2021 year of account
Reasonable recovery and grip of peril considered in landmark rulings
Recent decisions of English courts have given helpful guidance on the steps assureds should take to mitigate losses, as well as giving clarity on the scope of the grip of peril doctrine
Rate softening continues in energy insurance market: Willis
Upstream and downstream energy see continued softening, despite experiencing different loss environments
Markel promotes Davies to London market MD
Davies takes charge of Markel’s newly formed London market business following restructure
Fidelis Q3 underwriting profit climbs 57% as COR trimmed to 79%
Bermuda-based group books third quarter operating profit of $126.8m, as lower catastrophe losses boost underwriting result
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
Pool Re rewires UK terrorism backstop to tackle SME protection gap
Chief underwriting officer, Jonathan Gray, discusses Pool Re’s structural overhaul and what it means for insurers, SMEs and the future of terrorism protection
MGA Samphire acquired in Kantara Capital-backed MBO
Investment vehicle of CFC founders David Walsh and Graeme Newman supports buyout of crisis management specialist MGA
WTW launches $200m cargo facility
New facility is designed to safeguard cargo owners from geopolitical risks such as terrorism, war and political violence
LA protests force rethink of SRCC coverage
Recent unrest in Los Angeles has reignited concern over the insurance industry's approach to strikes, riots and civil commotion cover, exposing definitional grey areas, silent coverage risks and an urgent need for modernised risk assessment tools, according to experts
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