Convex gains approval for new Lloyd’s Syndicate 1987
Syndicate 1987 is expected to begin underwriting in July, with a focus on long-tail specialty lines including casualty, political risk and trade credit
Latest updates
Hormuz crisis is reshaping specialty market conditions, Howden Re warns
Marine, energy and political violence markets are under severe stress, according to a report from the reinsurance broker, although wider reinsurance capacity remains resilient, according to Howden Re analysis
Willis warns leaders over AI governance gap
Artificial intelligence (AI) is already reshaping underwriting, claims and cyber defence, but a report from Willis said adoption is outpacing governance frameworks
SiriusPoint launches crisis solutions platform at Lloyd’s
Paul Beattie and Ed Winter have been appointed joint heads of crisis solutions, with the new team focused initially on war, political violence and terrorism risks
Moody’s warns US flood protection gap could top $1trn
A report co-authored by Jennifer Chang, senior vice president for sustainable finance credit, Moody’s Ratings, and Firas Saleh, director of North American flood models, Moody’s, looks at flood scenarios facing the US and warns of a yawning protection gap
Aon appoints Hoffman as global commercial risk CEO
Christian Hoffman will lead Aon’s global commercial risk business, reporting to Joe Peiser, CEO of risk capital
US data centre plans face rising storm exposure, MS Amlin warns
More than half of planned US data centre projects are being built in states at high risk of severe convective storms, according to new analysis by MS Amlin
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