Atradius names Burgess head of UK commercial
Trade credit insurer Atradius has promoted James Burgess to head of UK commercial with effect from 01 July 2020.
Power market seeing rising SIRs and premiums as insurers seek profits
The power insurance market is in “a phase of adjustment” with clients increasing self-insured retentions and facing higher premiums as carriers seek improved profitability in a sector that is now more challenging than in the last several years.
Downstream energy rates up 35%+ in last 9 months: Marsh JLT Specialty
Downstream energy insurance rates remain on their upwards trajectory with underwriters imposing increases of 35 to 40 percent in the last nine months, according to broker Marsh JLT Specialty.
QBE NA promotes Lessman to professional lines head
QBE North America has appointed Toria Lessman – who has been with the insurer since 2011 – as senior vice president, head of professional lines and industry verticals.
Canopius adds property product to tackle ‘silent cyber’ gap
Canopius has launched a set of cyber property products for medium to large corporations across all sectors which will replace cyber cover excluded from property policies following regulatory action to address the issue of ‘silent cyber’.
Aviation market faces “significant” premium income drop; markets continue to exit sector
The aviation insurance market faces a “significant” 2020 premium income drop in the wake of the Covid-19 pandemic with some insurers behaving “disappointingly”, according to Gallagher’s latest Plane Talking report.
Power market seeing rising SIRs and premiums as insurers seek profits
The power insurance market is in “a phase of adjustment” with clients increasing self-insured retentions and facing higher premiums as carriers seek improved profitability in a sector that is now more challenging than in the last several years.
Downstream energy rates up 35%+ in last 9 months: Marsh JLT Specialty
Downstream energy insurance rates remain on their upwards trajectory with underwriters imposing increases of 35 to 40 percent in the last nine months, according to broker Marsh JLT Specialty.
Marine market rates rise with Covid pushing cargo pricing
The marine insurance market continues to undergo an overhaul of its pricing, with cargo and hull and machinery business facing significant price corrections as underwriters respond to losses and repeated years of unprofitability, according to a new study.
QBE NA promotes Lessman to professional lines head
QBE North America has appointed Toria Lessman – who has been with the insurer since 2011 – as senior vice president, head of professional lines and industry verticals.
Canopius adds property product to tackle ‘silent cyber’ gap
Canopius has launched a set of cyber property products for medium to large corporations across all sectors which will replace cyber cover excluded from property policies following regulatory action to address the issue of ‘silent cyber’.
NFP makes cyber hires from Marsh and Axa XL
NFP has built out its cyber practice with the hires of Akhil Chopra from Marsh and Elissa Doroff from Axa XL, in addition to Ben Beeson recently joining from Arceo.