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Marine

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

Marine underwriters reassess Gulf exposures after Iran strikes

Insurers invoke cancellation clauses, reprice Hormuz transits and tighten underwriting as the US-Israel strikes on Iran heighten fears of shipping disruption

Risk Management ID Comment

Uninsured shadow fleet vessels are a growing concern for insurers

The increasing threat of collisions involving dark fleet vessels is becoming a serious issue for marine insurers, legal experts and underwriters say. Concerted action is needed

Marine Specialty
INTERVIEW

West confident on beating last year’s underwriting performance

Marine mutual happy to take things slow with hull and war books, chief executive Bowsher says

United Kingdom International
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Energy

Oka partners with 1089 to back insured carbon asset

New framework embeds invalidation risk cover into advanced fuels credits in bid to strengthen carbon market structure

Specialty Energy

Battle lines drawn for critical minerals

Competition for critical minerals is heating up between the developers of data centres and the producers of clean energy

Digitalisation Climate change

Pre-disaster insurance market is growing: Napiorkowski

‘We can boost climate finance by spreading the word about technology performance insurance,’ Ariel Green managing director Jan Napiorkowski says

Big Interview Climate change

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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Aviation

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

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
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Specialty

K2 launches international professional liability business

K2 acquired D&O book from Rising Edge last month

Specialty Lloyds

Acrisure expands into London construction lines

Acrisure exec calls hiring ‘an important step’

People moves Specialty

Zurich finalises £8.2bn bid for Beazley

Zurich offers 1,335 pence per share, slightly above current LSE quote

Mergers and Acquisitions Specialty

Oka partners with 1089 to back insured carbon asset

New framework embeds invalidation risk cover into advanced fuels credits in bid to strengthen carbon market structure

Specialty Energy
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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

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
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Terrorism

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

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
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