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Marine

Autonomous shipping revolution 'will slash P&I claims and payouts'

The coming maritime autonomous surface shipping revolution has huge implications for marine insurance, with fewer people on ships meaning fewer ‘people claims’, Iumi hears

International Marine

Marine insurance talks with Ukraine falter as two ships test alternative Black Sea grain corridor

International Union of Marine Insurance says ‘grey areas’ surround Ukraine government’s proposal to reinsure marine risk

Europe Ukraine War

Inflation will eat into hull and machinery profits, Iumi told

Class has seen a turnaround over past five years and is not likely to return to 20-year loss-making run, but rising prices driving up both repair costs and office overheads

International Lloyds

SiriusPoint forms partnership with Swedish marine MGA

Partnership with Nordic Marine Insurance will initially focus on writing hull and machinery, yacht owners’ charter cancellation and marine delay business

Sweden Europe
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Energy

Viewpoint: Energy in a time of change

The energy market is in a period of exciting but often challenging transformation. The need to transition to a lower-carbon economy, geopolitical and economic fluctuations and supply chain crunches are prompting risks for both traditional energy supply and renewable projects

International Specialty

Specialty MGA UK appoints senior energy underwriter

Dermot Dick joins from Oneglobal Broking where he managed reinsurance operations in London and the Middle East

London Distribution

Viewpoint: Energy companies are under pressure to reduce exposure to climate lawsuits

With climate litigation costs rising, there are steps energy companies can take to identify and reduce the risks they face 

International Willis Towers Watson

Sompo names Sarjeant head of Apac energy insurance

Vicky Sarjeant joins from Canopius Asia where she was energy underwriter for the region

Asia Pacific Singapore
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Aviation

Inigo appoints industry veteran Harker to aviation team

Lloyd’s carrier adds former Marsh Aviation chief executive

London Lloyds

Hive swoops on Inigo for aviation war expansion

Bruce Carman-led MGA hires Inigo’s head of aviation war

London Specialty

Fidelis MGU sets 2030 decarbonisation target

Bermuda-based managing general underwriter has not only a long-term net-zero goal but also a near-term target for energy and aviation business

Bermuda Climate change

Howden acquires Swiss aviation broker

Re/insurance broker Hudson Sky has a core focus on the helicopter segment

Switzerland Specialty
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Specialty

Half of cities face elevated SRCC risks: Verisk

Beirut, Johannesburg and Dhaka were ranked among the highest-risk cities over the next 12 months

International Specialty

Sompo International names Gossé European head of cyber insurance

Gossé joins from Chubb European Group where he was head of cyber for Europe and the Mena region

Europe Sompo International

Ransomware drives increase in US cyber claims: Coalition

Frequency and severity of claims increased in the first half of the year

United States Specialty

Autonomous shipping revolution 'will slash P&I claims and payouts'

The coming maritime autonomous surface shipping revolution has huge implications for marine insurance, with fewer people on ships meaning fewer ‘people claims’, Iumi hears

International Marine
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Political Risk & Trade

Half of cities face elevated SRCC risks: Verisk

Beirut, Johannesburg and Dhaka were ranked among the highest-risk cities over the next 12 months

International Specialty

Mosaic increases political risk capacity to $30m

Bermuda-based insurer also extends its funding horizon to support critical financing schemes in developing economies.

Bermuda Specialty

Political risk becoming a higher frequency peril

Nine out of 10 businesses reported a political risk loss in the last year, up from one third in 2020, a survey by WTW found

Willis Towers Watson Specialty

Chaucer tracks increasing demand for political risk insurance

Specialty re/insurer says there has been a sharp fall in foreign exchange reserves that has ‘raised the spectre’ of governments failing to pay foreign suppliers

International Chaucer
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Terrorism

Lockton names Bannister global head of war and terrorism

Broker continues expansion of crisis management practice with hire of Aon’s executive director of North American terrorism

London Specialty

Rokstone launches $255m US and Caribbean terrorism facility

London market-backed facility is a more flexible alternative to the US government’s backstop programme, MGA says

North America Terrorism

Arch swoops on Chaucer for head of terrorism

Andrew Bauckham described as 'one of the most respected figures in the terrorism insurance market'

Arch Capital People moves

Pool Re members back Treasury review

Review provides a roadmap for the strategic direction of the terrorism mutual

United Kingdom Terrorism
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