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Plus, the latest people moves and all the top news of the week. -
The class offers affirmative coverage for gaps in traditional insurance policies.
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West Hill Capital is the main investor in the capital raise.
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Continental composite carriers aim to smooth volatility with new initiatives.
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Plus, the latest people moves and all the top news of the week.
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The toll of risk losses sustained by the PVT market this year is mounting.
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Bazan Group’s refinery near Haifa was badly damaged by Iranian bombardment in June.
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The start-up aims to bind its first risk in Q4 2025.
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Plus, the latest people moves and all the top news of the week.
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The underwriter has worked for RiverStone, Advent, Lloyd’s and AIG.
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SRCC exposures are being studied more closely but fixing aggregation issues is a challenge.
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Plus, the latest people moves and all the top news of the week.
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The carrier’s president Andrew McMellin is aiming to double London market share in the next five years.
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Western insurers do not insure Iranian risks, with the country subject to sanctions.
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The new Lloyd’s chief of market performance also outlined target growth areas.
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The modeller said the insurance market could be exposed to unexpected aggregations.
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The product protects insureds outside of warzones from conflict-related cyberattacks.
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A survey from the carrier looked at the political risk and violence concerns of companies.
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Several insurers and MGAs have launched into the class of business over the past year.
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Personnel movement has been high in the PVT class as new capacity enters the market.
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Reinsurance and property remained the primary drivers of premium growth.
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The terrorism pool has shifted its programme from facultative to an XoL arrangement.
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Probitas is set to grow by around 40% this year.
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The political violence market is in a competitive stage thanks to an influx of capacity.
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It is understood that supporters include Munich Re and Brit.
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As 2024 draws to a close, we reflect on the events of the year for the London market.
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Swiss Re has retreated from its “escalation clause” for the Middle East.
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Jelle Ouwehand joined Arch from Marsh, where he was a senior terrorism, PV and war broker.
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A significant amount of new capacity has flowed into the political violence and terror market in recent months.
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Chris Cane and Jaime Hunwicks join from Talbot, Jonathan Bint from Chaucer and Molly Ashcroft from Axis.
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The political violence market has seen a flurry of new entrants in recent months.
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Contrary to expectations that US casualty would dominate the conversations, Milton took the spotlight.
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Geopolitical conflict could expose the global economy to $14.5tn in losses.
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Many insurers have cut back lines in Lebanon, although larger insured sums are at stake in Israel.
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The business recently hired former Occam PVT underwriter Nicholas Stevens.
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The underwriter has spent a decade at Chaucer.
