The facility, which aims to provide coverage of US$500m each for hull war and cargo war, will be backed by Lloyd's syndicates and will remain open to third-party capital.
The inclusion of three new Russian protection and indemnity insurers, alongside approval extensions for four others, comes amid continued disruption across global shipping routes.
Blue Zebra’s consolidation brings together four Envest-backed agencies under one operating model to streamline broker access and reduce market fragmentation.
The agency said the changes are unlikely to be meaningful enough in most cases to negatively affect insurers’ credit profiles, even if firms adjust investment, hedging and product design.
Mark Hunt becomes group chief underwriting officer covering Australia, New Zealand, and London, while Mike Dalton, current group head of aviation, takes on an additional role as head of underwriting for...
