Premium income for marine war underwriters from ships stranded in Ukraine is falling as shipowners increa...
Beazley’s ESG syndicate team aims to 'change industry behaviour'
Beazley’s ESG syndicate team aims to 'change industry behaviour'
The people behind Beazley’s new ESG-focussed Syndicate 4321 have declared bold aims to change industry behaviour by encouraging firms to move “more progressively” on ESG....
Article / 10 days ago
PV facilities under the microscope as Ukraine throws shadow over viabi...
PV facilities under the microscope as Ukraine throws shadow over viability
The extensive use of broker facilities in the political violence (PV) market has come under the spotlight following potentially heavy losses emanating from Russia’s invas...
Article / 18 days ago
Energy market looks to high oil prices and renewables to plug Russia h...
Energy market looks to high oil prices and renewables to plug Russia hole
As turmoil and uncertainty persist in global energy markets following Russia’s invasion of Ukraine, energy underwriters are looking to an uptick...
Article / 2 months ago
S&P Global to withdraw ratings on all Russian entities
S&P Global to withdraw ratings on all Russian entities
S&P Global Ratings will withdraw all of its outstanding ratings on Russian entities before 15 April, after the European Union (EU) announced...
Article / 2 months ago
Reinsurers must beware of inflation ‘acceleration factors’: Kessler
Reinsurers must beware of inflation ‘acceleration factors’: Kessler
Several issues exacerbate the inflationary risk faced by P&C reinsurers, who must be quick to act to mitigate its impacts...
Article / 2 months ago
ABIR issues salvo in S&P capital model update debate
ABIR issues salvo in S&P capital model update debate
The Association of Bermuda Insurers and Reinsurers (ABIR) has dubbed S&P’s proposal to disallow senior debt as a form of available capital...
Article / 3 months ago
AM Best reviews Covéa ratings with positive implications after Partner...
AM Best reviews Covéa ratings with positive implications after PartnerRe deal
AM Best has placed under review with positive implications Covéa’s financial strength rating of A and long-term issuer credit rating of A+, after the insurer agreed to ac...
Article / 5 months ago
Chaucer’s Irish subsidiary gets S&P rating upgrade
Chaucer’s Irish subsidiary gets S&P rating upgrade
Chaucer Insurance Company DAC, the Irish subsidiary of Chaucer, has had its credit rating upgraded...
Article / 6 months ago
UK P&I Club disappointed with revised S&P rating
UK P&I Club disappointed with revised S&P rating
Andrew Taylor, CEO of Thomas Miller P&I – which manages the UK P&I Club – said he was “naturally disappointed” S&P Global had recently revised the Club’s rating from A (N...
Article / 6 months ago
AM Best affirms UnipolRe ratings after cat XoL withdrawal
AM Best affirms UnipolRe ratings after cat XoL withdrawal
AM Best has affirmed UnipolRe’s financial strength rating of A- and long-term issuer credit rating of a-, after the carrier decided to drop cat excess-of-loss (XoL) business...
Article / 6 months ago