Non-physical damage loss of hire payouts may run to hundreds of millions of dollars

South African court ruling settles long-contested question about whether construction guarantees constitute non-life insurance policies

Reinsurer appoints Scor’s Cherrak to drive growth across Africa and the Middle East

Ratings agency believes insurance industry outlook remains solid for immediate future

Worst-case scenario could see market’s losses exceed 1990s asbestos crisis

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

Limited transits through strait raise legal questions around time requirements for constructive total loss claims

Benchmark war risk rates have fallen since announcement of ceasefire that expires at midnight April 22

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

Broking group working more broadly on business sustainability and supply chain issues, its chief executive says

Mea offers large language models for insurance sector

There has been an increase in the frequency of attacks originating from Iran, although the attacker’s playbook remains largely unchanged, experts say

No consensus over new going hull rate but trend clearly down

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

While insurers welcome the ceasefire, the LMA cautions trade is unlikely to ‘simply resume’

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