Regions
London
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Stockwatch: Bermudians and Europeans lead in positive week for insurance shares
Aviva, Allianz and Everest Group are the week's top performers, as insurance shares gains 1.6% on average
Legal Focus: Material contribution test applies to causation of indivisible diseases
UK Court of Appeal has attempted to bring clarity to the notoriously slippery legal concept of material contribution
Aspen names Stanford as UK chief executive
Stanford has held the CEO post on an interim basis since January 17
Bermuda
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Brit appoints Cary deputy head of property treaty for Bermuda
Cary joins from QBE, where he was underwriting manager and head of property and casualty
IQUW set to roll out underwriting workbench: Young
Property and specialty re/insurer’s Bermuda chief executive and global head of reinsurance, Stephen Young, describes the company's approach to people, technology and data
Lloyd’s and Bermuda collaboration needed more than ever
Axis chief executive joins Lloyd's chief of markets, director of portfolio risk management and chief financial officer to explain the mutual benefits of co-operation
Europe
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Mapfre targets 95% COR in new strategic plan
Spanish insurance giant aims to exceed €32bn in premiums by the end of 2026
DLA Piper names insurance partner
Global law firm hires M&A specialist from Freshfields Bruckhaus Deringer
Hannover Re P&C operating profit hit by reserve strengthening
German reinsurer misses own full-year property/casualty reinsurance operating profit target as its adds around €500m to reserves
Americas
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North America faces ‘exceptional’ change in wildfire catastrophe exposure: Chaucer’s Foley
Specialty re/insurer’s head of catastrophe research outlines the six trends that must inform the modelling of wildfire risk
WTW partners with US aid agencies on climate finance insurance
Global broker is developing a parametric solution to protect development loans from climate shocks
US regulators’ association names new CEO
NAIC appoints departing Massachusetts insurance commissioner as chief executive
Asia-Pacific
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Agile receives approval for syndicate-in-a-box
Syndicate 2427 will access niche business the Lloyd’s market is ‘unable to write affordably’ at present
Australia to introduce 'regulatory initiatives grid'
Treasurer says programme will bring 'transparency' and 'certainty'
Australian government opens consultation on standardising policy language
Government is concerned consumers are buying too little coverage because of confusing policies
Middle East and Africa
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Owners have legal duty to seek release of ransomed crews
War risk, hull and machinery or kidnap and ransom cover will normally foot the bill, with cargo contributing through general average, experts say
Somalia piracy resurgence makes kidnap and ransom cover necessary
When vessels are hijacked, the human beings on board are not always as well insured as the contents of a bulker’s holds
Navium had 100% of war risk on True Confidence
Clive Washbourn-led marine MGA will be on the hook for bulk carrier’s hull value, estimated at $17.6m, but could be protected through sidecar arrangement with reinsurer Fidelis
Global
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