SiriusPoint gains 7.5%; German groups benefit from 5% DAX bounce

Bermuda-based venture will provide structured and retrospective solutions

Severe storm seasons and blizzards could cause $1bn+ losses

Marine carriers bear more than $45bn in exposure on hull-only policies, while aviation hull liabilities come to about $35bn, says Guy Carpenter

Liability could eventually run to billions of dollars

Public-private partnership ‘brings stability to maritime trade at a critical moment’, chief executive contends, but there are still no known users for Iran conflict emergency facility

Axa and Generali lead week’s climbers but US broking stocks tumble as market volatility continues

Artificial intelligence is producing efficiency gains but is no substitute for human expertise, argues WTW’s Laura Doddington

Demand for political risk insurance cover continues to rise amid the Middle East crisis and US protectionist policies, but Russia’s invasion of Ukraine has made underwriters more cautious

Deal adds Vave to Acrisure Underwriting’s platform of 12 MGAs operating in the US insurance market

Reinsurance capital reaches record level of $785bn

‘Lot of talk but not a great deal of action,’ market sources say, with reinsurance facility understood to have no known users 

Loss aggregator's final tally is lower than fourth estimate of C$490m

Miami-based operation will develop specialised facultative reinsurance programmes, initially targeting property, financial lines and specialty segments

Re/insurers can only support 'a fraction' of limit required for hypsercaler build costs 

Firm to extend AI-enhanced underwriting to all open market lines within its London market business