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Plus more on the market’s exposure to aircraft leasing firm Aercap and the lowdown on the US 1.4 renewals. -
It is understood that the policy is written via the Aon Alpha facility and is led by Liberty Specialty Markets.
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It is understood that the Hartford led the EUR85mn policy, with Tysers the broker.
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One source noted that the conflict could be equivalent to several years’ worth of losses to the political violence market.
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Multiple interlocking dependencies will determine whether huge potential claims from leasing companies are ultimately paid.
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The appointment of Sam Joscelyne-Manning follows WTW’s recent hiring of Aon’s Teddie Bailey, who is also joining the broker’s terrorism and political violence team.
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The Italian insurer plans to wind down its Europ Assistance operation and freeze its almost 40% stake in insurer Ingosstrakh, according to reports.
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Those writing large energy or infrastructure risks, such as London market insurers or international reinsurers, will be most affected by the war, the ratings agency warned.
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Plus the evolution of the broker consolidator model, this week’s results and all the top news of the week.
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Teddie Bailey’s resignation comes at a time of significant moves within the terrorism and political violence market.
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Sources speaking to Insurance Insider across the three classes gave their view on how each market segment could react if conflict broke out in the region.
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The carrier will now offer a single risk line of $150mn, following a period of significant growth in its portfolio.
