Specialty
Cargo market to continue softening
Competition in the class is ‘heating up’ but profitability remains, broker Gallagher says
Rising GPS spoofing threat exposes gaps in marine insurance
Cyber exclusions, including the LMA5403 clause, are creating uncertainty for shipowners facing a surge in GPS spoofing incidents, according to the Association of Average Adjusters
HDI Global promotes Tikhonov to head of marine global risk
Tikhonov was most recently global risk underwriter, having been with HDI Global since 2018
‘Strong suspicion’ electric vehicles are responsible for car carrier blazes
Loss prevention director at protection and indemnity club the American Club breaks with previous consensus
HDI Global appoints Aguiar as US head of energy and power underwriting
Industrial insurer makes strategic appointment to drive growth in US market
How insurers can deal with orphaned wells
Mosaic has developed an enhanced contractor’s pollution legal liability insurance product to help cap inactive and abandoned oil and gas wells
HDI Global names Langrehr head of power underwriting
Langrehr’s experience in renewables encompasses solar, wind, battery storage, hydropower, biomass, and the conversion of waste products into energy
Tokio Marine GX boosts renewables team
Senior hires will be responsible for expanding unit's renewables footprint across global markets
Marsh names Glod global head of aviation and space
Global broker promotes US regional aviation and space practice leader
‘Cautious’ aviation reinsurance market expected as losses mount
Increased retro sensitivity and cumulative losses to reshape aviation reinsurance sentiment, Howden Re predicts
Atrium expands aviation team
Lloyd’s insurer hires James from Liberty Specialty Markets
Marine insurers should take careful note of the aviation lessor dispute
The UK Commercial Court’s interpretation of provisions in the war risks policy and its analysis of causation have implications for the whole market
Cargo market to continue softening
Competition in the class is ‘heating up’ but profitability remains, broker Gallagher says
HDI Global promotes Tikhonov to head of marine global risk
Tikhonov was most recently global risk underwriter, having been with HDI Global since 2018
Aon promotes Smaje in commercial risk leadership transition
Broker names Smaje global industry specialty leader for transportation and logistics as Meyrick moves to chairman role
‘Strong suspicion’ electric vehicles are responsible for car carrier blazes
Loss prevention director at protection and indemnity club the American Club breaks with previous consensus
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
Axa XL survey foresees slowdown in credit and political risk
Easing inflation and lower prices indicate post-pandemic growth spurt is cooling
Raising the stakes in political violence
Aegis London’s $100m political violence consortium comes at a time when traditional insurers have been heading for the exit, according to war and terrorism class underwriter, James MacDonald
Regulation tops worries for transport sector
Geopolitical disputes prompt concerns about business disruption, WTW survey finds
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
Optio returns to PVT market with new offering
Lloyd's-backed product offers a $150m limit
Aegis doubles capacity for digital terrorism product to $500m
Lloyd's consortium-backed product now suitable for larger organisations with significant exposure to terrorist risks
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