US businesses urge insurers to stop underwriting fossil fuels
Nearly 60 businesses have called on the US insurance industry to stop insuring and investing in the fossil fuels that are driving climate change, with signatories including Patagonia, Ben & Jerry’s and Lemonade.
Hive Aero bolsters new aviation all risks team with Webster and Adcock hires
Hive Aero has made two additional hires to its new aviation all risks team, with MS Amlin’s Andrew Webster joining the company as class underwriter and market veteran David Adcock taking on the role of head of aviation claims.
Stephen Sills start-up to target low excess layers
Stephen Sills’s specialty start-up with American Family will initially have a focus on writing low excess layers as it looks to build a sustainable professional liability, excess casualty and medical liability portfolio and get access to primary opportunities, The Insurer can reveal.
Optio adds active assailant cover to PVT offering
PE-backed Optio Group – the UK MGA created from the merger of Ascent Underwriting, Cove Programs and broker Bay Risk Services – has added active assailant cover to its expanding political violence and terrorism (PVT) proposition.
Offshore energy premium decline softens further in 2019: IUMI
Global offshore energy insurance premium volumes fell 1.4 percent year-on-year to $3.35bn in 2019, according to the latest figures from the International Union of Marine Insurance (IUMI).
Export credit claims drop in H1 but market awaits Covid spike
Early indications suggest that the expected spike in export credit claims in the first half of 2020 due to the Covid-19 outbreak did not materialise but the market will “certainly” see an increase at some point, according to the Berne Union.
US businesses urge insurers to stop underwriting fossil fuels
Nearly 60 businesses have called on the US insurance industry to stop insuring and investing in the fossil fuels that are driving climate change, with signatories including Patagonia, Ben & Jerry’s and Lemonade.
Offshore energy premium decline softens further in 2019: IUMI
Global offshore energy insurance premium volumes fell 1.4 percent year-on-year to $3.35bn in 2019, according to the latest figures from the International Union of Marine Insurance (IUMI).
Miller rehires Taylor to lead North American upstream team
Adam Taylor has returned to Miller Insurance from Ed to lead the London wholesale broker’s North American upstream energy team.
USI and Crum & Forster partner on cyber program for law firms
USI Affinity and the American Bar Association (ABA) have announced a new partnership with Crum & Forster to offer a cyber liability insurance program for US law firms.
Covid-19 to speed up cyber insurance market growth: S&P
The cyber insurance market will grow 20 percent to 30 percent a year for the near future as vulnerabilities to cyber attacks increase from companies speeding up digital transformations in response to Covid-19, S&P Global Ratings believes.
Markel hires AGCS’s Castriotta to cyber team
Kelly Castriotta has joined Markel Corporation as senior director, global cyber underwriting, having most recently served as head of cyber underwriting and product development for financial lines at Allianz Global Corporate & Specialty (AGCS).