Specialty
War With Russia Will Shrink Ukraine Economy 45%, Says World Bank
The World Bank says Ukraine's economy will shrink by 45.1 percent this year because of Russia's invasion, which has shut down half of the country's businesses, choked off imports and exports, and ...
Palisade Insurance Partners Launches Specialty MGU
Palisade Insurance Partners LLC, an independently operated specialty managing general underwriter (MGU), has launched to provide a range of contingent legal risk insurance and other specialty ...
RenRe Launching Casualty, Specialty Venture for ILS Investors
With institutional investors providing the bulk of the capital, RenaissanceRe Holdings has announced the creation of a new joint venture dedicated to casualty and specialty risks. Launched with $475 ...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B
Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume 50 percent of those claims, according to a report published by ...
Beazley Restructuring Its Underwriting Team to Support Growth Ambitions
Beazley has restructured its underwriting team with the creation of four new divisions: Specialty Risks, Cyber Risks, MAP Risks and Property Risks. The divisions will be interconnected, able to ...
BHSI Appoints Godhwani, Bresnahan to New Executive Leadership Roles
Berkshire Hathaway Specialty Insurance (BHSI) announced that Sanjay Godhwani has been named president, North America Region, and David Bresnahan will take on the role of global chief operating ...
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
Financial Market Volatility of Russia-Ukraine War Likely to Impact European Insurers
According to Fitch Ratings, the Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions. ...