Specialty
Howden launches marine business in Japan
Brokerage expanded into Japan last year
UK Club demands large rate hike
Third P&I insurer confirms substantial general increase next February
Global marine premiums climb to $40bn
Global marine premiums rose slightly in 2024, as steady results in the hull and cargo markets offset an 8% drop in offshore energy, according to the International Union of Marine Insurance
Shipowners’ Club weighs in with rate hike
Small craft specialist seeks general increase, with big increase in deductibles at next renewals
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
Tokio Marine GX and Northcourt launch nuclear fusion insurance facility
New Lloyd's facility is designed to support the growth and commercialisation of nuclear fusion technology
Casper launches renewable energy MGA Tundra Specialty
New division marks the ‘first milestone’ in managing general agent's plan to broaden product footprint
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
Capacity continues to temper airline rates: Gallagher
An ‘abundance’ of capacity is hampering efforts by carriers to raise prices as the busy final quarter for renewals gets under way
Reinsurance a ‘bright spot’ for IGI: Jabsheh
IGI's Waleed Jabsheh says the reinsurance segment continues to be the best-performing part of its business, with political violence, cyber and aviation performing particularly well
UK Club demands large rate hike
Third P&I insurer confirms substantial general increase next February
Fidelis Partnership launches construction consortium for AI data centres
MGU looks to tap into rising demand for capacity with $250m consortium
Specialty MGAs Nirvana and Pulse complete merger
Merger brings together a specialty MGA platform with capabilities across media, technology and cyber, accident and health, non-standard life and sports lines
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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