Settlement reached in protracted litigation over Oil Pollution Act 1990 compensation claim for a casualty that did not involve spillage of any oil

Underwriters willing to adapt to technological and geopolitical change will be better positioned when pricing eventually catches up with risk, Adrian Scott, Geo Underwriting's head of marine and leisure, says

US state of Maryland reaches $2.25bn out-of-court settlement with the owners and managers of boxship Dali

Marine underwriters are warning that Red Sea turmoil is exposing significant gaps in cargo war cover, prompting calls to modernise decades‑old policy wordings before they end up tested in court

Richème succeeds Juergen Cherreck who joined Axa in 2018

London market facility provides property damage and business interruption cover across the lifecycle of nuclear projects

Climate policymakers warn of fossil fuel crisis, while insurance survey reveals energy leaders see continuation of oil and gas

A major loss, a withdrawal of capacity or a shift in reinsurance appetite could quickly change the direction of the market, Willis’s Michael Buckle says

London-based managing general continues product line expansion

A reduction in the number of flights could have a knock-on effect on insurers, WTW warns

Broker seeks to address gap in traditional hull war market with London market-backed product

Aviation war market has failed to learn from Russia as Middle East Gulf tensions test pricing, coordination and leadership, warns Hive chief executive, Bruce Carman

Japanese insurance conglomerate expects to ‘redeploy’ over JPY10bn into M&A over the next 12 to 18 months

Affirmative cyber war products are coming to market, but the conflict in Iran could test insurers’ assumptions, some experts warn

Former Howden executive Enrico Bertagna will oversee the development of Arrow’s MGA partnerships

New product aims to protect businesses when cyber incidents leave perishable stock unsellable

Many businesses found rising tariffs to be the most difficult political risk to manage, Willis survey finds

Growing appetite for cover as missile strikes and regional unpredictability heighten threats to businesses, survey finds

Insurers and trade bodies are calling for changes to ‘super conservative’ bank capital rule that is depressing demand for trade credit insurance

JWC secretary expresses doubt about US effort

Political violence and terrorism claims arising from Iran conflict could be higher than from the war in Ukraine, Allianz warns

Prolonged conflict could lead to stricter underwriting conditions and reduced capacity, particularly for risks linked to critical infrastructure and high-profile locations, analysts warn

Pool Re hails record number of private reinsurance backers

Escalation between the US, Israel and Iran is transforming political violence risk from a contained threat into a multi-jurisdictional accumulation challenge for insurers