Premium income for marine war underwriters from ships stranded in Ukraine is falling as shipowners increa...
Tysers secures key debt extensions as long-running auction drags on
Tysers secures key debt extensions as long-running auction drags on
Tysers has secured extensions to all four tranches of debt as the insurance market awaits an outcome from its drawn-out sales process, this publication understands...
Article / 22 days ago
Lloyd’s broker Corrie Bauckham Batts enters liquidation
Lloyd’s broker Corrie Bauckham Batts enters liquidation
Lloyd’s wholesale broker Corrie Bauckham Batts has entered liquidation, after a review by directors found the firm to be insolvent...
Article / 1 month ago
Credit and political risk rates rise amid Ukraine-Russia uncertainty
Credit and political risk rates rise amid Ukraine-Russia uncertainty
Rates across the credit and political risk markets have increased significantly since the start of Russia’s invasion of Ukraine, as capacity contracts amid ongoing uncert...
Article / 2 months ago
Brown & Brown to raise $2bn in debt for GRP, BdB and Orchid deals
Brown & Brown to raise $2bn in debt for GRP, BdB and Orchid deals
US retail broker Brown & Brown (B&B) is to raise roughly $2bn in debt to finance the acquisitions of...
Article / 3 months ago
Credit and political risk capacity increases despite uncertainty: Gall...
Credit and political risk capacity increases despite uncertainty: Gallagher
The structured credit and political risk market has continued to demonstrate its robustness...
Article / 3 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
Demand for surety bonds 'through the roof' amid financial instability
Demand for surety bonds 'through the roof' amid financial instability
The financial uncertainty facing companies as a result of the pandemic has resulted in an uptick in demand for insurance-backed surety bonds, particularly as the...
Article / 4 months ago
Xenia buys Tysers’ trade credit and surety business
Xenia buys Tysers’ trade credit and surety business
Nexus-backed trade credit and surety broker Xenia has acquired the UK whole turnover trade credit and surety business of Tysers...
Article / 4 months ago
Fidelis’ Pine Walk platform to launch credit and political risk MGA wi...
Fidelis’ Pine Walk platform to launch credit and political risk MGA with Channel duo
MGA platform Pine Walk is set to launch a credit and political risk MGA headed up by Channel’s Kade Spears and Caroline Coulson, Insurance Insider can reveal...
Article / 5 months ago
European Commission to cool trade credit support
European Commission to cool trade credit support
The European Commission (EC) has revised its state support regulation for trade credit insurance to ensure that EU aid provided to credit insurers does not “distort” comp...
Article / 6 months ago