
Specialty

Israeli shipowners set to pay more for Red Sea war risk cover after attacks
Premiums already up 200% after Galaxy Leader hijack and likely to get firmer this week

Falvey names Ascot's Nasso as chief underwriter
US marine insurer hires Ascot senior executive Tom Nasso to oversee underwriting

Pen Underwriting to write marine from box at Lloyd's
Gallagher-owned MGA plans to diversify box into 'complementary products' and other lines of international business that have Lloyd’s distribution

Skuld and Japan Club announce 2024 pricing
With 11 International Group affiliates now declared and only Swedish Club still to come, this renewal round will see the lowest percentage price increases in four years

Lockton expands Norway team
Broker makes four senior hires to its Norwegian energy, renewables and property divisions

Global wind farm capital value reaches £1.9trn: Chaucer
Extreme weather threatens significant investments in renewable energy technology and increases need for insurance coverage, re/insurer says

Chaucer names Schnorr head of marine and energy
Schnorr joins specialist re/insurer from McGill and Partners where he was most recently partner in the reinsurance team

Argenta launches energy transition offering
Lloyd's carrier names Edward Davidson to lead new offering as energy transition technology underwriter

Fidelis MGU launches aviation MGA
Itasca MGA is the eighth managing general agent formed by Fidelis MGU's Pine Walk Capital incubator platform

Rokstone swoops on AIG's Lanford for aviation head
Specialty MGA secures Allianz capacity for North American aviation facility

Divergence in aviation markets continues: Gallagher
Direct price hikes stall as excess-of-loss programmes expected to see mid- to high single-digit rate increases

Allianz strikes aviation war capacity deal with Hive
Allianz will provide capacity for aviation hull war and excess third-party aviation war liabilities

Geneva Association warns of ‘insurability challenge’
Geneva Association will add macro- and geoeconomic risks, and social and financial inclusion to its 2024-25 research agenda

Apollo to launch specialty treaty portfolio from 1/1
Lloyd's carrier continues to expand reinsurance business with new portfolio focusing on credit, mortgage and surety lines

State National to enter UK market
US programme heavyweight partners with sister business Markel International to target UK managing general agents

Falvey names Ascot's Nasso as chief underwriter
US marine insurer hires Ascot senior executive Tom Nasso to oversee underwriting

Increase in elections will drive demand for political risk insurance: Chaucer
A number of ‘particularly important’ countries from a political risk perspective go to the polls next year, including India, South Africa, the US and the UK

Israel marine war risk rates set for tenfold jump
Lack of Hamas naval and mine-laying capacity means prices are unlikely to go as high as the Ukraine precedent

Half of cities face elevated SRCC risks: Verisk
Beirut, Johannesburg and Dhaka were ranked among the highest-risk cities over the next 12 months

Mosaic increases political risk capacity to $30m
Bermuda-based insurer also extends its funding horizon to support critical financing schemes in developing economies.

Markel International hires senior underwriter for war and terrorism team
Woodhouse joins from Howden, where he was divisional director of terrorism and political violence

Lockton names Bannister global head of war and terrorism
Broker continues expansion of crisis management practice with hire of Aon’s executive director of North American terrorism

Rokstone launches $255m US and Caribbean terrorism facility
London market-backed facility is a more flexible alternative to the US government’s backstop programme, MGA says

Arch swoops on Chaucer for head of terrorism
Andrew Bauckham described as 'one of the most respected figures in the terrorism insurance market'
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