Uncertainties about provision of naval escorts and Iranian threats from mines, drones and missiles face the new marine re/insurance facility announced yesterday by the US International Development Finance Corporation
Missile and drone attacks in the Gulf are increasing tail risk for marine, aviation and political violence insurers, but disciplined underwriting and reinsurance protection mean large carriers are expected to absorb most losses, according to a new sector analysis
Political and military uncertainties remain for the US government backed facility aiming to restore maritime trade flows through Strait of Hormuz
Senior hire in Atlanta, Georgia brings more than two decades of experience across London and US markets to the reinsurance broker
Dickie Whitaker, chair of Oasis SaaS, says the new platform is designed to expand choice in catastrophe modelling, giving re/insurers and brokers access to multiple views of risk rather than relying on a small number of vendor sources
London appointments strengthen Aon’s expertise across direct credit and reinsurance markets
Record underwriting profits and strong capital buffers have put reinsurers in a position of strength but a new report, from insurance industry focused management consultancy Oxbow Partners, warns that the industry now faces difficult strategic choices as the market cycle begins to turn