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Marine

The insurance industry should keep an eye on Red Sea attacks

While the Houthi attacks in the Red Sea are being managed there is a real risk to the global supply chain

Middle East and Africa Legal focus

Middle East tensions fail to move dial on war risk rates

MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening on Gulf trips

Middle East and Africa Iran

Dual acquires Swiss Re’s Genoa-based marine team

Managing general agent expands its European marine business, adding to operations in Italy and the Netherland 

Europe Swiss Re

Allianz promotes Soja to global head of marine

Insurance giant elevates head of inland marine 

Europe Allianz
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Energy

Lloyd’s at risk of missing net zero commitments, campaign group warns

Reclaim Finance urges managing agents to restrict cover for new types of fossil fuel including thermal coal and liquefied gas terminals

Lloyds Energy

WTW warns of capacity shortages for 'less desirable' energy risks

Broking giant says there has been a 'homogenisation of risk appetite' towards the same 'high-quality' business

International Willis Towers Watson

Miller names Barber-Murray as head of onshore

Barber-Murray joins from WTW, where he was head of downstream natural resources broking

Brokers Energy

Aon urges joined-up approach to funding clean energy

Broker’s global head of climate says financial institutions are crying out for risk experts to help them fund transition to net zero

Aon United States
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Aviation

Gallagher predicts strong capacity in general aviation

Broker says ‘saturation’ in airlines is leading insurers to move to non-commercial aviation

International Property

Viewpoint: Turbulence ahead for the aviation insurance market

The frequency of catastrophic aviation losses has slowed in recent years but their severity has increased

International Aviation

Acrisure launches aerospace division

The new division brings together several Acrisure businesses under the leadership of managing partner, Jason Riley

United States Specialty

Rokstone expands US aviation team with three hires

Managing general agent hires industry experts from AIG, Starr and Lockton 

United States Specialty
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Specialty

MNK Group targets LatAM expansion with Oceánica buy

Broking and underwriting group acquires Costa Rican insurer Oceánica de Seguros

South America Specialty

London market outlook upgraded by AM Best

Ratings agency raises forecast from ‘stable’ to ‘positive’ amid 'strong' pricing environment

London Reinsurance

Insurers ask whether their policy pays out cash or carbon

The growth of carbon credits creates a new insurance market with new business models – and some insurers are redeeming policies in carbon credits instead of cash

International Climate change

The insurance industry should keep an eye on Red Sea attacks

While the Houthi attacks in the Red Sea are being managed there is a real risk to the global supply chain

Middle East and Africa Legal focus
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Political Risk & Trade

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

Marine insurers face extra due diligence in Russia oil price cap crackdown

From February 20 pre-voyage attestations required for all tankers calling at Russia, affecting about 41% of tankers covered by Western insurers, a proxy for price cap compliance, based on January callings

International Marine

Canopius names head of structured credit

Specialty re/insurer hires Volante Capital’s Deftereos in a series of appointments to expand global credit and political risk team

London Asia Pacific
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Terrorism

Pool Re members and Treasury approve treaty change

Formal approval is a ‘clear and exciting mandate’ for modernisation, terrorism reinsurer's chief executive, Tom Clementi, says

United Kingdom Reinsurance

Insurance regulators must plan for a catastrophic event: FIO’s Seitz

Federal Insurance Office director highlights the ways re/insurers must address terrorism, cyber and climate risk

United States Bermuda

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

Legal Focus: Insurers have limited time to respond to Martyn's law consultation

The widening gap between standard- and enhanced-tier premises as defined by the bill could affect insurers

United Kingdom Legal focus
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