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Specialty

Jubilee oil rig losses reach $1.4bn

Losses rise from previous estimate of $1.25bn

Lloyds Losses Energy

XL Catlin's new marine chief targets $10bn US inland market

Rob McAdams says US inland marine business does not correlate with other classes written by insurer
XL Catlin Marine International

Standalone market is evolving with the terrorist threat

The standalone terrorism insurance market is busier than ever, with more capacity and more underwriters offering a greater variety of non-standard coverage

Focus Terrorism London

Specialty

Specialty markets are central to the Lloyd’s market and London’s company market, and sit at the core of Insurance Day’s coverage. Within this section we bring you our latest insight and intelligence in specialty markets including marine, energy, aviation, specie, political risk and trade, and terrorism.
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Policies must adapt to cover the change in terror threat

Terrorists’ change of focus to mass-casualty attacks requires a response from underwriters
International Terrorism

Set Alert for Insurance Day Markets :: Specialty

Latest From Specialty

Capsicum Re launches unit to tap into mortgage reinsurance boom

Hires JLT executive Stephen Rance to lead new division 
Reinsurance US States

HDI launches excess and surplus lines carrier

Carrier to target alternative energy and construction business
US States Specialty

Mitigating the risk of demographic change

The current changes taking place within Allianz will be as far reaching for the group’s specialty lines, large corporate risk and reinsurance businesses as they will be for its personal lines and retail activities, says Axel Theis, member of the Board of Management of Allianz SE

Europe International

Great American launches luxury yacht programme

Rick Salway joins from XL Catlin
North America United States

Blenheim launches specialty reinsurance division

John Cutts joins from Talbot

People moves Reinsurance

Beazley expands Jaramillo's role to engineering focus group leader

Miami-based Santiago Jaramillo joined company last year
United States Beazley
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Marine

Insurance Day’s marine coverage includes news and analysis on London and international marine markets, with updates on cargo, hull and liability market developments. This section includes people moves, loss updates and insight into  current market trends.

Set Alert for Insurance Day Specialty :: Marine

Latest From Marine

Marine cargo MGA Fiducia expands with Travelers-backed trades facility

MGA  continues expansion 
Marine

Great American launches luxury yacht programme

Rick Salway joins from XL Catlin
North America United States

ECJ sets precedent in cross-border disputes

Ruling in Assens Havn case has far-reaching implications 
Legal focus Marine

Pembroke launches China project cargo consortium

Consortium targets opportunities triggered by China’s belt and road initiative
Lloyds Asia Pacific

Pioneer appoints marine underwriter

 Stephanie Doggart joins from IGI
People moves Marine

Brit acquires renewal rights to legacy XL Catlin yacht book

Specialty re/insurer continues to grow US marine 
US States Brit
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Energy

One of London’s most competitive specialty markets, we provide insight into the latest developments in both upstream and downstream energy classes at a time when underwriters contend with some of the most challenging competitive environments of any class of business.

Set Alert for Insurance Day Specialty :: Energy

Latest From Energy

Alesco bolsters energy team with Willis Towers Watson hire

Bob Choppen to join broker in October

People moves Energy

Mapfre Global Risks expands energy team with Argo hire

Kieran Wilson appointed as energy underwriter

London Mapfre

Alesco strengthens energy division with new hires

Broker swoops on Willis, Price Forbes and THB for senior hires
Broker People moves

Extending title insurance to renewable energy risks

The use of title insurance is expanding beyond its traditional applications to address the unique issues and exposures associated with wind and solar farm developments in the UK and Europe

Focus Risk Management

Everest targets energy excess layers with Graham hire

Andreas Graham began his career with Hiscox syndicate 33
Energy Casualty

Energy market 'on the cusp' of correction

Rates continued to decline in the second quarter, JLT says
Specialty Energy
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Aviation

From the latest people moves to regulatory trends impacting the sector, Insurance Day provides regular analysis of the major issues impacting the aviation market, along with outlining the trends resulting from those issues.

Set Alert for Insurance Day Specialty :: Aviation

Latest From Aviation

'Aircraft repair costs are taking off - the insurance industry must play its part in containing them'

There is an urgent need for a frank discussion and a better flow of information between insurers, brokers, airlines and original equipment manufacturers on developments in aircraft repair practices
International Claims Management

Aviation insurers publish model Brexit clause for multi-year policies

New clause aims to alleviate concerns surrounding UK exit from EU
 
Aviation Regulation

Mapfre Global Risks plans to penetrate London market by targeting its weaknesses

Aviation among targets amid plans to focus on sectors over products 

London Mapfre

Aviation investigation shows regulator is cutting its competition teeth

The FCA is taking a more assertive role in the oversight of the London market’s business practices

London Aviation

Liberty Specialty Markets names new head of aviation reinsurance

Hans Towler joins from Willis Towers Watson
People moves Aviation

Global Aerospace to set up Paris subsidiary as Brexit contingency plan

Aviation pool already has branch in the capital 
Aviation France
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Specie

Insurance Day’s specie coverage includes insight into developments in the fine art, jewellers block and cash-in-transit markets, highlighting the steps companies are taking to stay ahead of competition in a highly-competitive environment.

Set Alert for Insurance Day Specialty :: Species

Latest From Species

Howden acquires Singapore broker

Acquisition of Sterling Knight to bolster group's specie business in region
Singapore Specialty

Getting down to brass tacks of specie risk exposure

Specie remains an attractive class despite the challenging market conditions. But capacity alone is insufficient to write the line successfully - careful risk selection and expertise is essential

Species Specialty

The fine art and specie market is at a tipping point

The pressure on rates, coupled with the cost of reinsurance, is eroding margins significantly, leaving companies to question the viability of their continued participation

Focus Lloyds

Insuring fine art on the high seas

When fine art and luxury yachts combine, there are some hazards to navigate for insurers

Focus Lloyds

Fine art and specie market looks to technology to mitigate the low rating environment

Insurers have been expanding the size of their fine art and specie portfolios citing the diversification benefits of a class of business which, despite pricing pressures, still remained profitable. Here, a number of sector experts consider the market in London and Paris

Species International

Specie innovation critical to tempt new business to London

In London’s more traditional markets, innovations can be slow to materialise but the emergence of facilities and trend towards more business being placed in local markets means insurers are being forced to adopt new processes in order to remain competitive

Species London
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Political Risk & Trade

An increasingly volatile political and macroeconomic environment has heightened demand for political risk, trade credit and other related products, prompting an increasing number of London market entities to enter these classes of business.

Set Alert for Insurance Day Specialty :: Political Risk and Trade

Latest From Political Risk and Trade

New LMA working group to examine banking regulations

The Lloyd's Market Association has appointed Peter Sprent of Liberty Specialty Markets and James Bamford of Talbot Underwriting to head its new political risk working group. 
Lloyds of London Political Risk and Trade

Sompo Canopius strengthens credit and political risk team

 Stephen Pike joins from ED&F MAN Capital Markets
Sompo Canopius People moves

Risk Foresight: Venezuela military join rebellion against Maduro

Active personnel lead armed raid on military base to steal weapons
Political Risk and Trade

First signs of a hardening in the political violence reinsurance market?

With the recent increase in terrorist attacks around the world, the PV market appears to have reached a point where underwriters feel that rates cannot be cut any further
Terrorism Political Risk and Trade

Not too small to matter: building terrorism resilience for SMEs

SMEs in the UK have a long way to go to ensure their resilience in the face of a terrorist incident but the standalone terrorism insurance market, with its more flexible cover, can be an important part of the solution

Claims Management Resilience

Nexus acquires trade credit MGA Equinox

Specialty managing general agent continues acquisition drive 
Mergers and Acquisitions Political Risk and Trade
See All

Terrorism

The changing face of terrorism has meant carriers now need to rethink the way they provide cover for the risks posed by attacks. Our coverage brings you the latest insight on market developments in this complex field.

Set Alert for Insurance Day Specialty :: Terrorism

Latest From Terrorism

Improving political violence insurance penetration in the Middle East

Technology offers underwriters the chance to tap into a largely undeveloped market
Middle East and Africa Terrorism

First signs of a hardening in the political violence reinsurance market?

With the recent increase in terrorist attacks around the world, the PV market appears to have reached a point where underwriters feel that rates cannot be cut any further
Terrorism Political Risk and Trade

Extending non-property damage BI cover into the regions

Although Lloyd’s have been providing terrorism cover with extensions for business interruption, denial of access and loss of attraction for some time now, regional brokers have not been able access this cover

Resilience Focus

Not too small to matter: building terrorism resilience for SMEs

SMEs in the UK have a long way to go to ensure their resilience in the face of a terrorist incident but the standalone terrorism insurance market, with its more flexible cover, can be an important part of the solution

Claims Management Resilience

Funding motor related terrorism claims

Insurers are willing and able to provide cover for terrorism risks, but the new threat arising from the use of vehicles as weapons of terror presents a number of challenges for the market
Focus Terrorism

Gaps in terrorism cover must be closed

The attacks in London, Manchester and across continental Europe have made obvious the need to both expand the take-up of terrorism insurance cover as well as adapt the nature of coverage
Terrorism Focus
See All
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