The Fidelis Partnership (TFP) has announced a number of promotions, including heads of business across specialty lines.
Insurance-linked securities (ILS) capacity continues to reach record levels, according to the latest report by AM Best. The ILS market has grown from niche to established with returning sponsors/cedants. Investors' understanding and confidence in the market has grown.
The global credit risk outlook is broadly unchanged since the last quarter with major uncertainties related to US tariffs and trade policy, the sustainability of benign market and funding conditions, geopolitical risks, and fiscal/economic policy volatility remaining, according to the latest report by Fitch Ratings.
Cancer remains a major driver of life and health insurance claims, but recent research has revealed risk patterns with significant implications for the industry.
Aon has appointed Mr George Attard Global Head of Analytics for Reinsurance. He retains his role as Chief Strategy Officer for Reinsurance Solutions.
Aviation insurance has emerged as a critical pressure point as a consequence of the Middle East conflict. To minimise risk, Singapore-based aviation insurers and reinsurers would need to carefully manage exposure to hull war, passenger liability and third-party risks, according to Mr Tristan Thompson, Aviation Partner at Kennedys, a global litigation and dispute resolution firm.
As the cyber market continues to expand-the market has doubled in global gross written premiums from $8bn in 2020 to $16bn today-insurers are increasingly seeking efficient ways to protect against extreme cyber tail events, according to a new white paper by Gallagher Re.
The granting of war cover for the Persian Gulf and Red Sea is and will remain available under specific agreement on a single voyage basis as long as navigation is authorised by governments and flag states, said the International Union of Marine Insurers (IUMI) in an official statement released yesterday.