Concerns that the Baltimore bridge collapse could result in the marine reinsurance market's largest ever loss were largely put aside during the January renewals due to prevailing supply-demand dynamics.

Africa Specialty Risks has launched what it describes as the first Africa-focused Lloyd’s consortium.

IQUW has bolstered its marine and energy team with a trio of appointments including Chris Touhey as senior underwriter, energy.

Axis’s marine and energy composite excess of loss program has priced down ~15 percent on a pure dollar basis with Swiss Re taking a 25 percent share of the placement as lead, The Insurer can reveal.

The UK government’s consultation on the offshore transmission owner (OFTO) regime is a timely development as underwriters begin to express concern over the inherent contingent business interruption (CBI) risk it poses, according to Nardac’s Rob Bates.

Settlements related to Russia-Ukraine aviation lessor claims may reduce the overall loss quantum to $6bn to $8bn, but this would still remain the largest aviation/aviation war loss in the market’s history, according to Howden.

The Insurer - More capacity is poised to enter the renewable energy insurance market in 2025 as carriers look to gain a greater share of the expanding industry, with clients set to benefit from lower deductibles and broader terms alongside reduced rates, according to Nardac Insurance Services.

Axa XL has hired longtime Liberty Mutual executive Jon Tellekamp as chief underwriting officer for construction and energy to lead the combined segments’ underwriting and risk engineering teams, The Insurer can reveal.

Energy-focused start-up MGA Volt Underwriting has signed a new $37.5mn binding authority for US and international onshore power and renewable energy risks, marking a 50 percent capacity increase for 2025.

Crescent Specialty has secured Lloyd’s coverholder status after the marine and energy-focused MGA was sponsored by capacity provider Canopius Group.

Aon-owned NFP has acquired Midland, Texas-based benefits and P&C broker Capstone Strategies.

The Hartford has hired former Liberty Specialty Markets (LSM) head Tom Clifton as international head of power and renewables to launch the new product line.

Aviva, Axis and Munich Re are the only major (re)insurers that write more direct premiums for renewable energy than fossil fuel infrastructure, according to a new report by Insure Our Future, which slammed industry-wide underwriting of fossil fuels as “economically dubious”.

Miller has named Elizabeth McGonagle as its head of power for the Asia Pacific region.

BMS has bolstered its energy practice with a trio of London-based appointments.