Directors’ and officers’ insurance rates are set to flatten in the next 12 months, according to Jimmy Heaton, head of D&O for UK & Europe at Rokstone, who added
The collapse of the Baltimore bridge could lead to the largest marine insurance payout ever, according to Lloyd s of London. The incident, which resulted in the suspension of vessel traffic at the Port of Baltimore, is expected to have significant economic impacts, affecting thousands of workers and disrupting supply chains. The insurance claim is likely to cover the ship, cargo, and the bridge, with additional claims for business interruptions and supply chain disruptions. The US government has formed a task force to address potential impacts on regional and national supply chains.
The Fidelis Partnership has been granted in principle approval by Lloyd’s to launch a syndicate, in collaboration with Fidelis Insurance Group and Hampden