Brokers expect instant rebound if Houthis resume attacks on shipping

Approval gives brokers in Morocco and north-west Africa direct access to Lloyd’s capacity

Global commercial insurer launched renewable energy operation last year

New line will be led by Ali Awad as political violence and terrorism senior underwriter

New policy supports the World Food Programme’s efforts in Syria to deliver up to $9.2m in aid when drought conditions trigger a payout

Africa-focused underwriting business hires Axa Climate’s Coutu to lead parametric offering

Lloyd’s carrier continues build-out of underwriting hub in Dubai as it looks to tap into regional growth opportunities

The parametric product will protect up to 300,000 farmers from drought and rainfall

Richard Turner anticipates slow resumption of Red Sea and Israel trade as networks and schedules are rearranged

Move will allow ASR to underwrite business in Mauritius on behalf of syndicate 2454

Brokers confirm pricing is shading down, but say matters could take ‘weeks and months’ to pan out

Competition and softening market are pushing down prices, market sources say

Baobab consortium will offer $21m in capacity across lines including political risk and trade credit

Specialty managing general agent strikes deal for Dubai-based reinsurance specialist

Rerouting to avoid Houthi aggression has doubled traffic along the international shipping lane through the Indian Ocean and off the coast of Somalia

Danish insurer said to be refusing payout, on grounds that Houthis are not a ‘state power’ as per the Nordic Plan