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Marine

Gap between Black Sea and Red Sea war risk rates is narrowing

The Russian, Ukrainian and Belarusian war risk exclusion justified earlier differential, but comparative loss records have seen reassessment of risk

Ukraine Yemen

Spyware-on-sea: how insurers can protect maritime infrastructure

Cyber attacks on the global merchant fleet are rising and shipping companies need better defences and bigger insurance policies

International Cyber

Generali leads slip on Red Sea suezmax blaze cargo

Total loss could double rates for cargo war risk across region, sources say

Yemen London

No payout from oil industry clean-up scheme in event of Sounion spill

Matter rests with war risk insurers, International Oil Pollution Compensation Funds confirms

Yemen Lloyds
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Energy

The next Gold Rush? Why deep-sea mining sparks controversy

Technology and regulation race against – not with – each other, as companies and nations seek to harvest the world’s abyssal plains

International Environment

Marsh launches global solution for CO2 transport and storage projects

New solution address insurance limitations previously hindering advancement of the carbon capture and storage industry

Marsh Broker

Pine Walk launches renewables MGA

New MGA Novagen will be led by Valeria Del Villano as chief executive

International Energy

Deep thoughts: why deep-sea mining poses more questions than it answers

Romie Goedicke, co-lead for nature at the UNEP FI, outlines the concerns surrounding deep-sea mining and the potential risks for re/insurers

International Special Report
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Aviation

Axis promotes White to head of aviation

Executive succeeds Terry Wood, who is retiring after 22 years at the Bermuda-based carrier 

Bermuda Axis Capital

Skyward Specialty launches aviation programme

US commercial lines specialist partners with Acceleration Aviation Underwriters on launch of new programme

North America Specialty

Aviation rates slow in H1 amid projections market could hit $8bn in size

Warnings of ‘dark cloud’ over sector as competition for income and market share contribute to an overall softening of the market

International Marsh

Flight to quality: cyber risks in aviation

The CrowdStrike incident serves as a stark reminder not all cyber or technology loss events are deliberate attacks

International Aviation
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Specialty

Brit profits climb 21% in H1

Specialist re/insurer’s undiscounted combined ratio improves to 80.5%

London Brit

MMC and Zurich call for public-sector support on cyber cat resilience

Greater public-private action is needed for the development of innovative solutions to close the cyber insurance coverage gap, white paper argues

International Specialty

Insurers should welcome latest ruling on arbitration

Privy Council’s decision in Sian Participation Corp (in liquidation) v Halimeda International affirms a party choosing arbitration will not be limited in its choice of future legal remedies

United Kingdom Claims Management
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Political Risk & Trade

Defining ‘unprecedented’ in the world of political violence

Political violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events

International Political Risk and Trade

Businesses worried about 2024 election unrest

Nearly three-quarters of respondents say they fear elections will have an impact on their international operations and ability to trade, Beazley survey finds

International Beazley

Viewpoint: Black flag on the high seas

Supply chains are at increased risk of interruption by hostile actors, with Houthi attacks in the Red Sea forcing shipowners to reroute vessels

Liberty Specialty

Viewpoint: Assessing risks in a big year for African democracy

With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts

Middle East and Africa Political Risk and Trade
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Terrorism

Defining ‘unprecedented’ in the world of political violence

Political violence insurers are facing arguably the greatest level of volatility for decades with an escalation in the number of unexpected events

International Political Risk and Trade

Evaluating liabilities and cover for Martyn’s Law

Regardless of who wins the UK election, there will be new duties in relation to the protection of the public, which will have insurance implications

United Kingdom Casualty

Terrorists 'to make limited use of AI in near future'

Technology may help propaganda and targeting efforts, but extremists will adopt it slowly, Pool Re report finds

International Property

Evolin launches terrorism facility

New facility, which is led by Chaucer, has up to $500m limit per policy for terrorism

Europe London
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