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Tokio Marine GX was launched in May to offer coverage for companies looking to decarbonise.
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BI claims are notoriously difficult to manage and some insurers believe binary coverage can help.
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Fidelis, Liberty and Hive are among the insurers with the greatest exposure.
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Despite steep rate hikes, premium volume has held steady as players such as SpaceX self-insure.
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The carrier has appointed Roberts Proskovics as renewable energy risk management head.
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In March 2024, Cowen was appointed to lead Chubb’s new international transactional liability platform.
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Coface Lloyd’s Syndicate 2546 is expected to commence underwriting in 2025.
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The latest hires follow Rob Hale’s move to Willis.
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The broker made several senior energy hires from Marsh last year.
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The MGA has recently added casualty and specialty reinsurance divisions.
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The MGA has secured Lloyd’s paper to write crypto theft insurance.
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The company launched into the contingency market in the wake of the Covid-19 pandemic.