Specialty

'Shadow fleet' vessel collides with Singapore-flagged tanker, Hafnia Nile

July 20 2024

Collision will again spark discussion about insurance implications of the growing shadow fleet.

insurers-facing-claims-surge-after-crowdstrike-software-update-causes-global-tech-outage

Insurers brace for surge of claims after antivirus update causes "largest IT outage in history"

July 19 2024

Economic losses could run into the tens of billions, with claims set to trigger across multiple lines of business, notably BI, cyber, and travel.

Agile lures Aon's Rowan as Group Risk and Compliance officer

July 19 2024

Matthew Rowan joins from Aon where he was Chief Compliance Officer.

new-south-korean-law-sparks-surge-in-digital-asset-insurance-products

New law sparks surge in digital asset insurance products in South Korea

July 19 2024

Carriers rush products to meet demand as Virtual Asset Users Protection Act goes live, but face high risks due to volatility and complexities in the segment.

Specialty MGA Qubit appoints Peter Xia as Chief Actuary, Reinsurance

July 18 2024

Xia brings extensive experience to the role and joins from Arbol, where he was serving as Chief Pricing Actuary.

lm-re-launches-in-australia-appoints-mark-de-la-mare-as-head-of-australia-and-new-zealand

Liberty Mutual Reinsurance launches in Australia, with Mark De La Mare as Head of ANZ

July 18 2024

De La Mare joins from Aon and will lead the LM Re underwriting team from Sydney.

AAPowerLink project gets key environmental approval

July 18 2024

The immense Australia-Asia Power Link project will test the insurance market with its vast scale and complex renewable energy infrastructure.

Arch Insurance Australia taps Alex Mackinnon as Executive Assurance Underwriting Manager

July 18 2024

Mackinnon joins from AIG where he was Management Liability Practice Lead.

Annual insurance patents for clean energy and carbon capture doubles since 2014: GlobalData

July 17 2024

The insurance industry's move towards net-zero is evident in the rise of published patents.

pcic-urged-to-modernise-operations-update-practices-and-engage-with-reinsurers

PCIC pressed to modernise operations, update practices, and engage with reinsurers

July 17 2024

Department of Agriculture's call for change echoes recent World Bank report which highlights Philippines' vulnerability due to absence of reinsurance.

south-east-asia-braces-for-wampi-revival

Southeast Asia braces for Warranty and Indemnity revival

July 17 2024

The W&I market may be about to get a boost after slowing for the past few years.

gcube-launches-battery-energy-storage-sector-consortium-with-lloyds-syndicates

GCube launches Battery Energy Storage System consortium with Lloyd's Syndicates

July 17 2024

New consortium offers up to US$100m in coverage, a move likely to impact the growing BESS market in Australia.

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