London market

CEO John Neal hailed the return to sustainable underwriting profitability as the market posted its first underwriting profit since 2016.

AIG’s global specialty head Paul Greensmith spoke on a panel at the Marine Insurance London conference, which explored how the capital’s marine market can arrest its declining status.

The new task force is looking to create an ecosystem for esoteric risks in certain sectors, such as cyber and terrorism and climate risk.

Lancashire has direct exposure to Ukraine through aviation, marine and political risk lines, according to a Jefferies report that said the carrier will likely incur “immaterial losses” from the conflict in its aviation war business.

Following the last two “black swan” events, there is a very real question around market portfolio resilience.

Linda Daly will join the company’s D&O division led by Michael Chu.

Excess layers of the Marsh-brokered stock throughput policy are led by QBE and spread around the London market.

New treaty placement elements on the Adept platform will provide structured data exchange functions throughout the placement process.

Plus more on the market’s exposure to aircraft leasing firm Aercap and the lowdown on the US 1.4 renewals.

CEO Sue Jakobek said the first release will be made available at a time agreed by the market.

The first of a two-part series on innovation examines the barriers blocking product innovation in the P&C market.

Scor’s Malcolm Newman, Axa XL’s Sean McGovern and Aon’s Richard Dudley gave evidence to the Lords committee on regulation.