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Greenwashing fears stimulate demand for carbon credit insurance

The voluntary carbon market reached $2bn in 2021, and is expected to grow to $10bn-$40bn by 2030, according to a report by Shell and the Boston Consulting Group published in January.

Ayesha Venkataraman, 29 November 2023
Berkshire Hathaway vice chairman Charlie Munger dies

Berkshire Hathaway announced that Munger “died peacefully” in a California hospital this morning, citing the Berkshire vice chairman’s family.

Hal Stucker, 28 November 2023
Gallagher Re elevates Hansen to COO as Brook departs

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

Shelby Rosenberg, 28 November 2023
Coalition adds Allianz’ Bäte to board of directors

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

Aisling Finn, 28 November 2023
In Partnership With Munich Re

Munich Re US: Clients Increasingly Concerned About Counter-Party Credit Risk

With the longevity of claims rising – some now spanning decades – cedants are increasingly concerned with the long-term stability of their reinsurance partners, said Kerri Hamm, Head of Business Development, Munich Re US.

Meg Green, 28 November 2023
Markel’s State National to enter UK market in 2024

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

Rachel Dalton, 28 November 2023
Gulf between mental-health services provision and uptake: survey

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

Samuel Casey, 28 November 2023
Carbon Syndicate 4747 targets £204mn GWP in 2024

The syndicate is looking to enter several new product lines and geographies.

Aisling Finn, 28 November 2023
MGA BluNiche launches UK division lead by Mitchell

The UK division will be the only UK MGA outside of the London market focused solely on writing product recall insurance.

Abbie Day, 28 November 2023
Aviation war capacity ‘is much healthier’ than in 2022: WTW

The broker said reinsurance capacity has contracted over the past 18 months, and the once-diamond-hard aviation war market has started to soften.

Aisling Finn, 28 November 2023

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