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Head of underwriting Matthew Waller welcomed an FCA letter that called for policy wordings that are clear and that customers understand the coverage they are buying. -
Bianconi joined Aspen in 2016 and has held a number of roles including, most recently, as head of US cyber.
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The carrier is looking to grow its direct underwriting capabilities, focussing on the offshore wind market.
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Carriers achieved sweeping changes in pricing, terms and coverage in a hectic renewal at 1 January 2023, in a reset that sources hope isn’t reversed.
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At an event that brought together construction insurers, brokers, engineers and developers, delegates discussed an impasse over insuring sustainable development projects.
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The 2023 Travelers Risk Index has put concern over cyber threats among the top three worries for small, medium-sized and large businesses for the ninth straight year.
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The news comes a few weeks after this publication revealed that UIB was in advanced discussions to take over local broker South Re.
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The broker has partnered with maritime data firm Clearwater Dynamics to provide advanced vessel-tracking solutions.
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He will be responsible for oversight of all aspects of the practice and leading the firm's growth in the market.
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ESG targets and the growth trajectory of renewables is attracting capacity to the class of business.
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Several London insurers, including Tokio Marine Kiln, Axa XL, Munich Re, Starr International and Chaucer, are named in the new case.
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Despite a return to profitability in marine classes, the market is operating in an increasingly uncertain environment.
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