News

The broker’s global marine team services global premiums of $3.9bn across marine classes.

Plus the latest people moves and all the top news of the week.

The CEO anticipates reinsurers to continue focusing on attachment levels and that appetite for specialty classes will be higher.

The executive said that work was underway to make sure the energy transition is “led by Lloyd’s”.

Political violence and terrorism will also be a focus class for the Corporation, amidst geopolitical turmoil.

Over the last seven years Euclid has insured $3.2tn of deal value and has booked nearly $770bn of total incurred loss through 97 paid claims.

Canopius will write a 2.5% line on the multi-class facility, while Axa XL will write 1%.

The carrier has added aviation, cargo and terrorism to its initial hull offering.

The underwriter will work in the retail property team at BHSI serving the central region.

The contingency account will initially launch in the UK and Europe with plans to expand in other regions including North America in 2024.

Current marine head Laurence Humberstone is set to retire after 19 years at the carrier.

The summit has been called the most significant for the industry to date, as there is a growing awareness of the value of insurance.

Sompo has begun writing aviation war for the first time, while Apollo has picked its pen back up after a pause.

The brokers will work in the contingency team headed up by Ian Tomlin.

Tokio Marine HCC restructured its marine, energy and renewables division earlier this year.

Insurance Insider understands David Walsh told employees in a memo that “certain culture failings” were identified in an investigation which had gone on “for some time”.

The new trade organization seeks to promote responsible use of technology, collaborate with regulators on consumer protection and make insurance more available, affordable and accessible.

Woodhouse will be based in London and report to Ed Winter, director of terrorism.

Profits are expected to widen thanks to improved rates and higher average attachment points.

The sectors could see many job roles automated as technology advances.

Hansen’s role will be effective after a transition period with departing COO Chris Brook.

Oliver Bäte joins Bret Johnson, CFO of SpaceX, and Coalition co-founders John Herring and Joshua Motta on the board of directors.

The programme services carrier will serve UK MGAs from 1 January.

The survey was conducted by the Nick Kilhams Foundation, founded in memory of the late Chaucer underwriter.