Skip to main content
All Posts By

ldoherty

Chelsea co-owner’s insurance company plummets in value

Taking on specialist insurance sector

Accelerant is seeking to expand in the specialist insurance sector, which covers risks ranging from property damage to cyberattacks. That business is dominated by Lloyd’s of London, which wrote £55.5 billion in premiums last year. Accelerant reported $3.8 billion in exchange written premium in the 12 months to June, up 53% from the prior year.

Source

EC president’s plane hit by suspected Russian GPS blocking attack

Von der Leyen was en route from Warsaw to meet Bulgaria’s prime minister, Rosen Zhelyazkov, and visit an arms manufacturer. During the trip she described Vladimir Putin as “a predator” who “can only be kept in check through strong deterrence”. Bulgaria, a key supplier of Soviet-era weaponry and more recently artillery for Ukraine, remains central to the EU’s defence response.

Source

Cyber insurance leads UK brokers’ growth forecasts

“Equally, there could be greater transparency on policy wording, making it clearer what the perils and exclusions are to avoid this being a barrier to buyers. Lastly, SMEs remain a largely untapped market and are often more vulnerable to attacks but have fewer resources to respond effectively. This makes them strong candidates for tailored cover, developing products that address their specific needs,” Benito concluded.

Source

Atrium taps Richard Lamb to lead new credit and political risk team

Atrium’s move into this sector comes amid ongoing changes in global risk, with insurers seeking to provide solutions for clients navigating uncertain political and credit conditions. John Fowle (pictured above), chief executive officer at Atrium, said the company’s entry into the credit and political risk market is a milestone in its ongoing development as a specialty underwriter.

Source

contact us