
Specialty

Yemen sanctions breaches void P&I cover: International Group
Stringent due diligence needed, insurers warn, after three vessels blacklisted

Aon expands marine expertise with Atlas acquisition
Global broker acquires Israeli marine and cargo specialist Atlas Insurance Agency

Tankers cheaper to insure than a year ago but bulk premiums up fractionally
Baltic Investor Indices data inconclusive on claims hull pricing is falling

Marine MGA Amphitrite increases war capacity
Managing general agent adds $40m of Lloyd’s capacity to support growth

Energy market profitability ‘balancing on a tightrope’, WTW says
The market’s revenue potential means it continues to draw capital even as prices fall, broking giant says

Energy transition syndicate a ‘statement of intent’ from Axis
Syndicate 2050’s active underwriter, Elliot Lyes, discusses the potential of the newly launched syndicate amid the rapid growth of clean energy projects

‘The unsolved puzzle of climate finance’: Munich Re Specialty’s Richardson
‘There is the need to work together with partners across industries on the practical questions of who is going to allocate the required capital,’ Julian Richardson, the chief underwriting officer of Green Solutions at Munich Re Specialty, says

Argenta names Brand energy liability unit head
Brand joins from White Bear Managers, where she was energy liability founding partner

Airline insurers at ‘tipping point’ in wake of major losses
Major claims and attritional losses, coupled with inadequate pricing, threaten technical losses in 2024 and 2025, Gallagher warns

Lloyd’s 2024: MAT line swings to £152m underwriting loss
Marine rate rises slowed while aviation pricing 'remained marginal' as combined ratio climbs to 104.3%

ID Comment: Lloyd’s warns against the steady creep of margin erosion
Despite – or perhaps because of – the market's strong preliminary results for 2024, the Lloyd’s leadership renewed their call for underwriting discipline, with aviation and energy lines flagged as being of particular concern

Howden UK&I launches aviation division in Leicester
Forbes Insurance MD becomes head of Leicester office

Arch positive on growth despite headwinds: Papadopoulo
Chief executive says ‘plenty of profitable opportunities remain’ amid tighter capacity and trade wars

Yemen sanctions breaches void P&I cover: International Group
Stringent due diligence needed, insurers warn, after three vessels blacklisted

Aspen earnings fall as carrier gears up for IPO
Bermuda-based re/insurer reports profits halved in the first quarter of the year as combined ratio climbs 9.5 points to 96.1%

Arch profits fall 28% in Q1 amid wildfire losses
Bermuda-based carrier books quarterly combined ratio of 90.1% as wildfire losses surpass $540m

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

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

TMK appoints Wilson as head of special risks
Lloyd's carrier hires James Wilson from The Hartford
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