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The unit will include both ocean and inland marine coverage.
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The aerospace, energy and marine markets all sustained multiple significant losses in H1.
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Plus, the latest people moves and all the top news of the week.
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It has been a volatile week for the marine war market in a period of geopolitical turmoil.
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Plus, the latest people moves and all the top news of the week.
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There has been significant talent displacement in the specialty reinsurance market.
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The carrier is launching a dedicated auto-follow unit within its DA practice.
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Western insurers do not insure Iranian risks, with the country subject to sanctions.
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Some segments are moving faster than anticipated, but overall, it remains a mixed bag.
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The carrier has scaled up its international insurance offering in recent years.
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The London market is not expected to shoulder the bulk of the eventual loss.
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The purchase aims to bolster Markel’s marine product line in the Asia-Pacific region and EU.