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Marine

P&I clubs make Middle East war risk buyback deadline, but pricing not cheap

Smaller vessels face paying more per week than they previously did in a year

Strait of Hormuz crisis Marine

Cargo capacity to remain strong despite Middle East escalation

London market specialists say surplus capacity remains despite rising geopolitical risk following US-Israel strikes on Iran, though rates may shift as the situation develops

Strait of Hormuz crisis Israel

Iumi explains ‘notice of cancellation’ amid Middle East conflict

As with all shipping interests, the safety of seafarers will be a priority for shipowners, International Union of Marine Insurance says

Strait of Hormuz crisis Middle East and Africa

Re/insurers well capitalised to weather Iran conflict

But S&P Global warns of ‘sizeable insured losses’

Middle East and Africa Strait of Hormuz crisis
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Energy

Oka partners with 1089 to back insured carbon asset

New framework embeds invalidation risk cover into advanced fuels credits in bid to strengthen carbon market structure

Specialty Energy

Battle lines drawn for critical minerals

Competition for critical minerals is heating up between the developers of data centres and the producers of clean energy

Digitalisation Climate change

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

Big Interview Climate change

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
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Aviation

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

Europe Axa

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
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Specialty

Cargo capacity to remain strong despite Middle East escalation

London market specialists say surplus capacity remains despite rising geopolitical risk following US-Israel strikes on Iran, though rates may shift as the situation develops

Strait of Hormuz crisis Israel

Lancashire reports $293.4m in 2025 profits

Alex Maloney, Lancashire’s group CEO, expects the insurer to maintain ‘rate adequacy’ in 2026

Bermuda Specialty

Warranty and indemnity insurance: drafting, exclusions and proving loss

Warranty and indemnity insurance is now a familiar tool in private mergers and acquisitions, giving buyers a solvent counterparty for warranty risk and helping sellers achieve a clean exit

Legal focus United Kingdom

Re/insurers well capitalised to weather Iran conflict

But S&P Global warns of ‘sizeable insured losses’

Middle East and Africa Strait of Hormuz crisis
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Political Risk & Trade

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

Strait of Hormuz crisis Political Risk and 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
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Terrorism

Pool Re announces £2.75bn retrocession package

Pool Re hails record number of private reinsurance backers

United Kingdom Property

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

Iran Israel

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

Strait of Hormuz crisis Political Risk and Trade

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

United Kingdom Property
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