Specialty lines

Price Forbes has been hiring across specialty lines, and recently appointed Howden’s cargo head Jonathan Eaton.

Mosaic has also added CNA Hardy’s Emily Humphreys to its PV team as part of the deal.

Clayton will join the carrier’s global credit and political risks team, reporting to James Wilson, head of credit and political risks.

The resignations will see Russ and Davidson reunited with fellow Axa XL alumnus Mark Hutton, who joined Tokio Marine HCC as head of crisis management last year.

The 1 January renewals featured a significant shift away from mainstay quota share and aggregate coverage, with examples including Axis and Brit dropping specific stop-loss covers.

Political violence rose up the agenda, with conflict raging globally, and key elections due this year.

An escalation of conflict at the end of last week is expected to put significant upwards pressure on marine war rates.

The uptake on war exclusions, which was followed by other reinsurers, could signal the end of "endless" discussions on the topic.

Key market participants hailed the narrowing of the gap between PV insurance and reinsurance, however said that more still needs to be done to fix the market.

Siemens Gamesa is one of the world’s leading renewable energy manufacturing companies.

A trio of underwriters from GCube will lead the business.

The carrier has been expanding its team since launching into the energy market last year.