Volante’s Aesir Space adds UIB divisional director Balina
London-headquartered MGA Aesir Space has strengthened its roster with the hire of Anastasia Balina from United Insurance Brokers as an underwriter.
Axa XL adds Marsh’s Arias to US war, terrorism and political risk team
Axa XL has strengthened its crisis management and specialty risk team in the US with the hire of Francisco Arias as a senior underwriter for war, terrorism and political risk.
Marsh joins delivery team for A$30bn Sun Cable renewable project
Broker Marsh has been appointed as risk management partner to help deliver the A$30bn ($22.5bn) Sun Cable renewable energy project in Australia.
Panel: 1.1 reinsurance renewal “critical” for unstable cyber market
The 1.1 reinsurance renewal season will be a critical indicator of the state of the cyber market, while pricing on the insurance side is expected to continue to increase into 2022 with some structural changes expected, according to panellists on an Advisen webinar.
Sompo International targets general aviation expansion with Buckley hire
Sompo International has hired Peter Buckley to grow its general aviation business.
Chubb’s Slevin resigns to join TMK in major aviation market move
Chubb’s aviation product head David Slevin has resigned to join Tokio Marine Kiln, The Insurer can reveal.
Marsh joins delivery team for A$30bn Sun Cable renewable project
Broker Marsh has been appointed as risk management partner to help deliver the A$30bn ($22.5bn) Sun Cable renewable energy project in Australia.
London P&I Club raises supplementary calls to address claims cost spike
Recent soaring claims costs have forced International Group member the London P&I Club to raise supplementary calls on its members for the past three policy years, the first time the marine mutual has made such a move since the financial crisis.
Renewable MGA Energetic completes $7mn Series A with Scor and MS&AD support
Renewable energy insurtech MGA Energetic Insurance has completed a $7mn Series A funding round that included new support from MS&AD Ventures as well as from existing investor and capacity provider Scor.
Panel: 1.1 reinsurance renewal “critical” for unstable cyber market
The 1.1 reinsurance renewal season will be a critical indicator of the state of the cyber market, while pricing on the insurance side is expected to continue to increase into 2022 with some structural changes expected, according to panellists on an Advisen webinar.
Silent cyber exposure in US property “manageable” but could threaten some ratings
A study conducted by CyberCube, AM Best and Aon has concluded that silent cyber exposures within US commercial property are manageable as a whole but could have ratings impacts, with executives from the companies suggesting during a webinar that a potential $12.5bn loss is in line with recent secondary peril ...
RPS: Cyber market at a standoff as insurers curtail supply
Risk Placement Services (RPS) has described the US cyber market as at a “standoff” with coverage demand continuing to accelerate in 2021 at the same time as insurers put the brakes on supply, but the wholesale broker believes a better balance should follow through the end of 2021 and into ...