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Marine

US ease-off on Russia sanctions will make no difference to insurers

Nearly all shipowners and marine insurers will still have to stick to UK and EU rules, legal experts say

Lloyds Marine

Insurers are ready for the return of shipping to the Gulf

The limits of what insurance can achieve are becoming clear as the Strait of Hormuz crisis enters its third week

Strait of Hormuz crisis Insurance

Re/insurers must plan now for nuclear-powered ships: Axa XL

Any future insurance for these vessels would need to be ‘bespoke, extremely high in value and likely supported by governments’, Axa XL’s Vicky Roberts-Mills and Jarek Klimczak say

Marine Big Interview

Prolonged Iran conflict ‘could expose reinsurers to economic turmoil’

AM Best warns on regional and global impacts of a prolonged war in the Middle East

Strait of Hormuz crisis Lloyds
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Energy

Re/insurers must plan now for nuclear-powered ships: Axa XL

Any future insurance for these vessels would need to be ‘bespoke, extremely high in value and likely supported by governments’, Axa XL’s Vicky Roberts-Mills and Jarek Klimczak say

Marine Big Interview

Dire straits

Costlier energy is only one in a pileup of risks facing re/insurers for many months to come

Strait of Hormuz crisis Iran

Insurers like green data centres, but only if the lights stay on

Big Tech is open to renewables and may find innovative ways to save energy — but uninterrupted power is the first priority, WTW experts say

Special Report Energy

HDI appoints Wilson global head of claims for energy and power

David Wilson joins the industrial insurer from Allianz 

London Energy
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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

US ease-off on Russia sanctions will make no difference to insurers

Nearly all shipowners and marine insurers will still have to stick to UK and EU rules, legal experts say

Lloyds Marine

Insurers are ready for the return of shipping to the Gulf

The limits of what insurance can achieve are becoming clear as the Strait of Hormuz crisis enters its third week

Strait of Hormuz crisis Insurance

AIG launches AI-enabled partnership with McGill

Insurance giant will use agentic AI to support the deployment of insurance capacity to McGill and Partners’ specialty clients

Technology United States

Gibbs to exit as SiriusPoint unveils major reorganisation

Reinsurer creates global P&C programmes and London market specialty divisions

Lloyds People moves
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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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