Europe
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Lloyd’s names Bichard CFO as Cliff exits
Alexandra Cliff to leave Lloyd’s after less than a year as the corporation’s chief financial officer
Group litigation actions climb in the UK
There has been an uptick in UK class actions in recent years, driven by an increased public awareness of rights and lower barriers to entry via third-party litigation funding, as well as the judiciary showing more openness to collective redress models
Gard retains A+ rating with S&P Global
Norwegian club has best financial strength rating in International Group
PRA again warns insurers on underwriting forecasts
UK regulator sets out 2026 priorities with caution about soft market and ‘overly optimistic’ models
Price Forbes Re appoints Frankland as non-executive chair
Former Aon and Guy Carpenter senior executive joins reinsurance broker
Asta launches financial lines MGA Verde Risk Management
New MGA will write commercial crime, management liability and financial institutions business across the UK, European and international markets
UIB appoints Spreadbury to lead downstream energy practice
Former Price Forbes head of renewables joins Lloyd’s broker
Liberty explores space applications for climate risk
Carrier signs memorandum of intent with European Space Agency aimed at parametric protection for agriculture and forestry sectors
Black Sea attacks intensify with three tankers hit
Three ships were attacked on January 13 off Novorossiysk, two near the Caspian Pipeline Consortium
Westfield Specialty aims to be a ‘significant’ cyber leader in London
Newly launched cyber offering will initially target the middle-market and large corporate segments
Cargo ship hit by Russian mine faked war risk cover note
But mortgagees entitled to mortgage interest insurance payout, Commercial Court rules
Westfield Specialty appoints Radbourne power and onshore renewables underwriter
Radbourne joins from MS Amlin, where he was power generation lead underwriter
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