Battery storage is, in his assessment, the most significant near-term problem. The technology is relatively new, claims data is limited, and nervousness among underwriters is translating into declining or restrictive terms. Methane capture, where farms capture and process methane from slurry, presents what Tate-Smith believes will be a major challenge within the next decade.
Commenting on his appointment, Burke said: “As a specialist insurer, HSB is uniquely placed to capitalise on the significant opportunities that exist by providing value-added expertise and knowledge to support our customers. I’ve been immediately struck by the passion HSB’s employees have for our business and their commitment to building on our success.”
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.
That formative experience led her to pursue higher education, where she taught psychology and developed initiatives focused on inclusion and belonging. For the past 15 years, Doughty has dedicated herself to Human Resources, specializing in learning, talent development, change management, and DE&I initiatives. “Every milestone shaped my career and was an honor,” she said.
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.
“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.
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.
Andreas Graham (pictured above, right), executive vice-president at DUAL Energy, noted that ARTes has played a significant role in DUAL North America’s growth. Graham said the ARTes team’s understanding of the energy sector allows DUAL Energy to offer “competitive, tailored coverage” for its customers.
“The limits would be much higher,” she said. “They’d want excess liability coverage on top of the general liability because of their wealth. They don’t want any lawsuit, say from an injured guest, a transportation accident, or even overzealous members of the public, to potentially impact their personal assets. The more insurance they can buy, the better.”
In recent weeks, Westfield Specialty International has experienced significant leadership changes. The company’s chief operating officer and chief administrative officer, Jiyan Zora, exited the business earlier this month, marking a notable shift in its executive team.
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