2024 has again been a busy year for the marine war market with Houthi activity in the Red Sea causing widespread disruption to global shipping along with a number of constructive total losses for insurers.
Premier League football club Liverpool FC has settled a long-running legal dispute with a group of UK insurers over the payment of claims related to business interruption losses suffered as a result of the Covid-19 pandemic lockdowns.
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“The transaction provides further protection against future adverse reserve development for certain US casualty exposures within James River’s excess & surplus lines segment for accident years 2010 to 2023”
Legacy specialist Enstar's statement on Bermudian reinsurer James River completing an adverse development reinsurance agreement
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