The broker has partnered with MS Amlin and several Ukrainian insurers, along with several governments and the European Bank for Reconstruction and Development, to put together the war risk scheme for Ukraine, nearly three years after Russia’s full-scale invasion of the country.
New CEMENA team at the insurer is to be led by Becky Jarold, previously senior PV underwriter in Dubai.
A $41m High Court case points to PV’s soft market traits despite the volatile geopolitical landscape, writes David Benyon, editor of GR.
Underwriting performance in the first half of 2024 at Lloyd’s was the market’s strongest in 17 years, the rating agency said, but casualty reserves are a potential weak spot.
‘Gray zone’ attacks against ships, undersea cables, and offshore oil installations are a major risk in 2025, the broker has warned in a new political risk report.
More women were featured in Gracechurch’s “London’s Leading Brokers 2024” than in the previous year’s broker rankings, while the ‘Big Five’ broking houses dominated the report.
Chief underwriter joins from rival carrier Lancashire and was previously a broker at Guy Carpenter.