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Marine

Rokstone launches Allianz-backed marine cargo facility

London-based facility builds on MGA's existing relationship with Allianz on North American marine business

London Allianz

IGI 'excited' by reinsurance opportunities: Jabsheh

Waleed Jabsheh says International General Insurance hopes to get ‘sliver’ of Lloyd’s business as new box opens for business

Bermuda Lloyds

Baltimore bridge incident may top pool scheme coverage limit, Gallagher warns

Bridge collapse shaping up as most expensive marine loss ever, easily exceeding Costa Concordia and Ever Given, broker says

United States Marine

RenRe eyes specialty growth opportunities after Baltimore bridge collapse

Bermuda-based carrier says collapse of Francis Scott Key Bridge will contribute to ‘further dislocation’ in specialty reinsurance market

RenaissanceRe Bermuda
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Energy

IGI 'excited' by reinsurance opportunities: Jabsheh

Waleed Jabsheh says International General Insurance hopes to get ‘sliver’ of Lloyd’s business as new box opens for business

Bermuda Lloyds

Clean energy is much more than a climate change solution: McGill's Sexton

Broker’s head of renewables, power and energy describes an evolving market that embraces climate, security of supply and geopolitical risks

International Energy

Amboss launches with takeover of Oilfield’s Switzerland business

Managing general agent will focus on energy sector and climate transition

Europe Netherlands

CFC launches renewable energy M&A team

New team will focus on underwriting specific transaction risks associated with renewable energy projects

Specialty Mergers and Acquisitions
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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

Rokstone launches Allianz-backed marine cargo facility

London-based facility builds on MGA's existing relationship with Allianz on North American marine business

London Allianz

Tokio Marine launches product recall offering

New offering will be led by Mark Hutton as head of crisis management

London Specialty

Double-digit UK cyber price decreases still the norm: WTW

The first quarter saw ‘exceptionally favourable conditions’ for buyers of cyber cover, broker says

International Willis Towers Watson

Fidelis takes $51m loss on Baltimore bridge collapse

Bermuda-based carrier’s combined ratio slips 6.7 points to 85.8% as catastrophe losses surpass $100m in the quarter

North America Reinsurance
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Political Risk & 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

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
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Terrorism

Evolin launches terrorism facility

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

Europe London

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

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
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