Africa Specialty Risks has launched what it describes as the first Africa-focused Lloyd’s consortium.

Arch Insurance International has appointed Tim Watson as credit underwriting manager.

An increasing amount of capacity and strong treaty performance has seen an orderly renewal in the trade credit reinsurance market at 1 January 2025 renewals, according to Gallagher Re’s first view report.

Continued inflationary pressures into 2025 may cause an increased number of insolvencies to materially impact global trade, which may be reflected in upward rate movements across the entire trade credit insurance market, according to Steve Bramall, credit director at Allianz Trade UK & Ireland.

The role of political risk and credit insurance in addressing climate change and nature loss is increasingly being demonstrated through sovereign debt conversions in developing nations, as seen in the most recent Nature Bonds project in The Bahamas, Axa XL’s Stuart Barrowcliff has argued.

Axa XL has provided $30mn in credit insurance cover as part of a new sovereign debt conversion project in The Bahamas, which is forecast to generate $124mn in marine conservation funds over the next 15 years.

Geopolitical tensions and uncertainty around future US trade and fiscal policies should be front of mind for P&C insurers, particularly in marine and credit lines, according to Swiss Re’s Jérôme Jean Haegeli.

Credit, bond and political risk reinsurers are expected to build on the stabilisation of capacity seen throughout 2024 and hold their position at 1 January 2025 renewals,

Specialist credit and political risk insurance (CPRI) broker BPL has appointed Catherine Aubert as a director.

Allianz Trade has bolstered its Asia Pacific team with the appointment of Harry Edwards as ASEAN commercial director.