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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

Shadow fleet vessels raise insurance coverage concerns

The recent seizures of shadow fleet vessels have both legal and geopolitical consequences with significant environmental, navigational and insurance risks

Legal focus Specialty

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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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

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

Aviation market hardening to continue into 2026

Rate increases in the all-risks market are expected to be incremental and in line with those seen in 2025, according to Gallagher

International Specialty
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Specialty

Drone delivery brings new risks insurers can’t afford to ignore

As Amazon launches drone deliveries in the UK, insurers must rethink last mile risk entirely, because the shift from van to sky doesn’t eliminate delivery problems, it only broadens them

United Kingdom Legal focus

MS Amlin 9M profit climbs 57% as premiums rise to £1.5bn

Lloyd’s carrier trims combined ratio to 86.1%, citing ‘strong’ attritional loss ratios and continued profitable growth

Lloyds Specialty

Threat alerts surge as geopolitical volatility drives crisis incidents: WTW

Incidents involving threats to people and corporate assets accounted for 37% of crises in 2025

International Broker

Mapfre Re breaks €1bn net profit in 2025

Lower catastrophe losses drive reinsurance arm's earnings up 17% to €381m

Property 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 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

Pool Re’s Paul receives peerage

Appointment recognises Paul’s contribution to terrorism insurance and public service

United Kingdom Terrorism
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