Marine
McGill’s aviation solution; Aviva’s flood risk app; Zurich UK’s COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva exploring Probitas rebrand
Aviva is looking to rebrand it's Lloyd’s underwriting syndicate Probitas, Insurance Post can reveal.
Environmental and pollution liability risks escalate in Iran conflict
Crawford & Company has warned attacks on commercial vessels around the strait of Hormuz are leading to an increase in environmental and pollution liability risks for the marine insurance sector.
Q&A: Alexander Beaton, CFC
With incidents of piracy on the increase, Alexander Beaton, the team leader of kidnap and ransom at CFC, explains why the insurer launched a tech-enabled marine product designed to remove ambiguity from vessel cover.
Arc Legal’s landlord proposition; HDI’s motor fleet portal; Gallagher’s interim CEO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviation war market steady but wary of Iran risks
Aviation insurers are seeing fewer notices to clients under war policies than their peers in marine amid the Iran War, according to the International Underwriting Association.
LMA warns safety fears choking Hormuz not insurance
The Lloyd’s Market Association has hit back at ongoing reports vessels are avoiding the Strait of Hormuz due to cancelled or unaffordable insurance.
Diary of an Insurer: Geo Underwriting’s Kate Bush
Kate Bush, trading director at Geo Underwriting, is setting the digital agenda, drinking Yorkshire tea, catching up on how the lambing season is going and returning boats to water.
Trump told insurance not main issue in Strait
Donald Trump’s offer of providing government-backed insurance to vessels travelling through the Strait of Hormuz following the outbreak of war in the region has been described as “limited”.
What Zurich buying Beazley means for the market
Editor’s View: Zurich’s £8.2bn swoop for Beazley is a decisive bet on specialty insurance, which Emma Ann Hughes observes widens the gap between the industry’s supermarket giants and the squeezed middle.
Marine insurance to navigate choppy waters
How geopolitical tension, supply-chain bottlenecks, climate-driven weather extremes and surging regulatory oversight are making marine insurance challenging is the focus of the latest Insurance Post Podcast.
IPT expected to rake in nearly £60bn in next five years
The Office for Budget Responsibility has upgraded its five-year forecast for insurance premium tax forecast, revealing it’s set to take in £57.8bn in the next half-decade.
Iran conflict triggers Lloyd’s war risk review
The London market’s war risk specialists have expanded the geographical areas deemed at heightened risk of conflict following the US and Israeli attacks against Iran.
Iran missile strikes spark risk repricing
The joint assault by Israel and the United States against Iran have sent shockwaves through global insurance markets, triggering risk repricing and renewed scrutiny of accumulation exposure across marine, aviation and specialty lines.
Centuries old Lloyd's entities join forces
The 290-year-old maritime risks partner for the London market, Lloyd’s List Intelligence, is set to evolve its ecosystem by moving the Lloyd’s Agency Network under its management.
Stanford replaces Thaker as Sompo UK CEO
Aspen UK CEO Sarah Stanford will lead all of Sompo UK’s property and casualty insurance operations, replacing outgoing CEO Bob Thaker.
Q&A: Greg Ferguson, Bridge Specialty
Greg Ferguson, Bridge Specialty International’s new CEO of international distribution, reveals how he intends to accelerate the growth of the business outside the US.
Geopolitical instability and trade policy risk rocking marine insurance
Escalating geopolitical tensions, from conflict-driven shipping attacks and vessel detentions to sanctions, tariffs and the growth of shadow fleets, are reshaping global trade routes. Against this backdrop, Tim Evershed observes significantly heightened…
Non-violent cargo thefts could ‘move needle’ for marine rates
The International Union of Marine Insurance has sounded the alarm on a worldwide increase in non-violent cargo theft being carried out by criminals posing as logistics providers.
Throwback Thursday: War opens Lloyd’s; Royal spending
Insurance Post’s Throwback Thursday steps back in time to January 1991 to remind you what was going on this week in insurance history when the Gulf War saw Lloyd’s remain open at the weekend and Royal, now known as Intact, wanted to raise brand awareness.
Claims service improves but gaps in delivery remain
Claims improvement in the UK in Q3 was sluggish, according to Andrew Gunn, head of operations at Gracechurch, who notes that visible effort of human handlers – not just digital tools – remains critical to satisfying brokers and their clients.