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Marine

Reasonable recovery and grip of peril considered in landmark rulings

Recent decisions of English courts have given helpful guidance on the steps assureds should take to mitigate losses, as well as giving clarity on the scope of the grip of peril doctrine

Europe Legal focus

What the delay to the IMO’s Net-Zero Framework means for marine insurers

Insurers must be aware of how to support their insured clients in navigating the rapidly changing regulatory landscape and the transition to new fuels

International Legal focus

Markel promotes Davies to London market MD

Davies takes charge of Markel’s newly formed London market business following restructure

London Markel

Roppestad confirmed as chair of International Group

Gard chief executive takes over from Britannia’s Cutler

International Marine
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Energy

Rate softening continues in energy insurance market: Willis

Upstream and downstream energy see continued softening, despite experiencing different loss environments

International Specialty

Macquarie launches London underwriting business

Longbrook Insurance will offer transaction liability and energy cover

London Distribution

FM expands resilience credit to $825m

Company also sets up consultancy and analysis unit, FM Solutions

Climate change Property

Global renewable energy insurance premiums could reach $26bn by 2030

Global renewable energy capacity will nearly double to 8.5 terawatts by 2030, pushing insurers to adapt as solar, wind, and hydropower projects expand across established and emerging markets, Swiss Re forecasts

International Energy
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Aviation

Reasonable recovery and grip of peril considered in landmark rulings

Recent decisions of English courts have given helpful guidance on the steps assureds should take to mitigate losses, as well as giving clarity on the scope of the grip of peril doctrine

Europe Legal focus

Tysers names Upton marine and aviation director

Lloyd's broker hires Castel executive to lead development of London market facultative solutions 

London Lloyds

Lockton Re names Bell head of aviation

Bell joins reinsurance broker from Aon

International Broker

Atrium warns on 2021 year of account amid aviation claims uncertainty

Lloyd’s carrier says decision will be take in the first quarter of next year on whether to close the 2021 year of account

London Lloyds
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Specialty

Reasonable recovery and grip of peril considered in landmark rulings

Recent decisions of English courts have given helpful guidance on the steps assureds should take to mitigate losses, as well as giving clarity on the scope of the grip of peril doctrine

Europe Legal focus

Rate softening continues in energy insurance market: Willis

Upstream and downstream energy see continued softening, despite experiencing different loss environments

International Specialty

Markel promotes Davies to London market MD

Davies takes charge of Markel’s newly formed London market business following restructure

London Markel

Fidelis Q3 underwriting profit climbs 57% as COR trimmed to 79%

Bermuda-based group books third quarter operating profit of $126.8m, as lower catastrophe losses boost underwriting result

Bermuda Specialty
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Political Risk & 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

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

Europe Lloyds
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Terrorism

Pool Re rewires UK terrorism backstop to tackle SME protection gap

Chief underwriting officer, Jonathan Gray, discusses Pool Re’s structural overhaul and what it means for insurers, SMEs and the future of terrorism protection

United Kingdom Terrorism

MGA Samphire acquired in Kantara Capital-backed MBO

Investment vehicle of CFC founders David Walsh and Graeme Newman supports buyout of crisis management specialist MGA

London Mergers and Acquisitions

WTW launches $200m cargo facility

New facility is designed to safeguard cargo owners from geopolitical risks such as terrorism, war and political violence

International Willis Towers Watson

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

North America United States
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