Specialty
War and PV market braces for first loss-making year since 9/11
Losses linked to conflict in the Middle East could be north of $2bn, against an annual gross premium of $2.5m, Marsh Re says
The case for entering the marine market: Hive’s Lewis
Nick Lewis explains why logistics, data and underwriting discipline will shape the Lloyd’s specialty MGA’s approach to marine risk
Hormuz crisis exposes shortcomings in war risk clauses amid unprecedented conflict
Marine insurers may need to re-examine outdated wordings to ensure policies stay fit for purpose
Shipping claims becoming larger and harder to predict, Allianz warns
Marine insurers are increasingly dealing with billion-dollar losses as vessel sizes grow and geopolitical risks add to the complexity and cost of shipping casualties
Clearwater launches upstream energy offering
MGA hires Tokio Marine Kiln's Hook to lead new proposition
Chronic climate risks threaten data centre surge
Data centre stakeholders can better manage longer-term climate risks, such as heat and drought, that may increase cooling costs, squeeze margins and threaten insurability
Amwins expands nat cat facility to $50m per placement
Expanded facility will provide cover for earthquake, flood, wildfire, windstorm and other natural catastrophe risks worldwide
MNK International launches energy division
New division will target emerging and specialist markets across Africa, the Middle East, Europe, Asia and the Americas
War and PV market braces for first loss-making year since 9/11
Losses linked to conflict in the Middle East could be north of $2bn, against an annual gross premium of $2.5m, Marsh Re says
‘Aggressive’ MGAs pressure aviation premiums
Increase in MGA capacity is part of a wider fragmentation of capacity in the general aviation market, broker says
Aviation insurance claims costs continue to rise
Cost of major repairs jumps nearly 11% year-on-year amid labour shortages and increased cost of parts and materials, McLarens Aviation data shows
Retro markets ‘push back’ on aviation rate pressure
Aviation retrocession markets are becoming cautions of rising losses amid a ‘changing view of risk’, Gallagher Re reports
McGill acquired by EQT for $2bn
New investment to support broker’s organic growth and development of new technology, data and digital capabilities
Rebirth without the drag of legacy: Willis Re’s Summers
Liberated from gardening leave, Willis Re’s head of global specialties, Jim Summers, describes the gameplan for the new reinsurance broking business in Monte Carlo and beyond
War and PV market braces for first loss-making year since 9/11
Losses linked to conflict in the Middle East could be north of $2bn, against an annual gross premium of $2.5m, Marsh Re says
The case for entering the marine market: Hive’s Lewis
Nick Lewis explains why logistics, data and underwriting discipline will shape the Lloyd’s specialty MGA’s approach to marine risk
Political risk market forecast to reach $49bn by 2031
Middle East and Africa forecast to be the fastest growing regional markets
VLCC marine insurance costs highest since 2024
Middle East Gulf conflict most likely explanation for pricing increases
The political violence market must respond to growing grey zone threat
Political violence risk can no longer be assessed only through the lens of war or terrorism — it must also account for disruption that sits below the threshold of open conflict
Political risk ‘no longer confined to traditional hotspots’
Insurers and their clients will need to treat political risk as a permanent feature of the operating environment, warns WTW’s Sam Wilkin
Political risk market forecast to reach $49bn by 2031
Middle East and Africa forecast to be the fastest growing regional markets
Clearwater launches crisis management division
Managing general agent will initially write active assailant, terrorism and political violence risks
Increasing unrest creates PV&T opportunity in Asia
Coverage exclusions and demand for higher limits are creating opportunities for the international specialty carriers, Markel’s Henry Ang says
Markel appoints Ang head of terrorism in Singapore
Ang will be responsible for developing Markel’s political violence and terrorism portfolio in the Asia-Pacific region
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