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The news follows months of speculation in the energy market about James Grainger’s plans after his resignation from Munich Re. -
The pair will be responsible for managing underwriting activity across their respective lines.
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Ben Kinder, the recently appointed CUO of marine, energy and renewables, will lead the consolidated team.
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Larger wind turbines are driving up the cost of claims in the renewables sector.
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The executive said surging demand for coverage would address the supply-demand mismatch in the renewables space.
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The business is looking to become a lead presence in green risks in London, following Syndicate 457’s exit from oil and gas business.
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Montgomery Aviation and Rise Aviation Limited, along with EOS Aviation, have launched fresh legal battles against Convex and Lancashire.
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Ransomware will remain the primary loss driver in 2023 in terms of threats for businesses and individuals.
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Plus this week’s Q1 results and the latest executive moves.
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Marine war underwriters charge additional premiums for ships sailing in listed areas.
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A prolonged soft market spell up to 2018 has created a ‘generation gap’ in the class, sparking competition for top practitioners.
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In a discussion at Trading Risk’s London ILS 2023 conference, panellists compared the current cyber ILS market to the cat market in the 1990s.
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