After a series of hefty cuts in recent years, leaders writing US Gulf of Mexico (GoM) windstorm risks were seemingly the only segment of the energy (re)insurance market offering some resistance to further substantive rate reductions in the first quarter, according to JLT Specialty.
The product recall market looks set to escape a potentially significant exposure to US confectionery giant Mars after an international recall of chocolate bars was announced last month, Inside FAC understands.
The power and utilities (re)insurance markets are bracing themselves following two major incidents at Colombian power plants that are threatening the country's supply of electricity, sister publication Inside FAC revealed on 7 March.
Ace leads the property programme for Brazilian mining company Samarco Mineração, which is facing a potential $450mn loss after a tailings dam burst at its Minas Gerais iron ore operation on 5 November, according to sister title Inside FAC.
Ace is the lead insurer for the Brazilian mining company facing a $450mn loss after a dam collapsed earlier this month, sister title Inside FAC revealed today (12 November)
London market cyber insurers are closely monitoring developments following the hacking attack on UK mobile phone and broadband provider TalkTalk Telecom Group, with suggestions it could generate one of the UK's largest cyber claims to date.
