Pol risk, credit & surety

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

Insurers could face a “heightened claims exposure” due to increased regulation scrutiny on the fintech industry, including buy now pay later schemes, AI and crypto, said Nick Rugg, Head of Fintech and Investment Management Insurance for Markel International.

Trade credit rivals Coface and Awbury are also entering the market.

The broker called on carriers to expand coverage into new specialisms.

Holmes, Froideval and Cheak will head up the units for London, Europe and Asia.

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

The team is led by industry veteran John Lentaigne.

Private equity investors may not have the same timeline as the multi-year construction projects they’ve invested in, which could leave surety writers holding the keys if private equity walks away, said Mike Keimig, president and CEO of Markel Surety.

Insolvencies caused by the tariffs could also cause increased losses

Parametric insurance and multi-year, multi-line structured solutions are two tools that can help insureds manage natural catastrophes, said Katie McGrath, regional CEO of North America for Swiss Re Corporate Solutions.

Sources expect it to be a couple billion-dollar insurable market.

A survey from the carrier looked at the political risk and violence concerns of companies.