Two significant insurance industry appointments at Specialty MGA and United Insurance Brokers reflect the growing emphasis on cyber liability coverage and specialized transportation insurance, potentially affecting coverage options for US drivers and businesses.
Lloyd’s of London
Yacht Insurance Market Expands With New Lloyd’s Deal
London-based Amiga Specialty secured $25 million in Lloyd’s capacity for yacht insurance, targeting U.S., European, and Southeast Asian markets. The expansion strengthens marine insurance options for yacht owners globally.
Marine War Insurance Impacts US Supply Chains
Beazley launches a $1 billion marine war insurance consortium to protect shipping through the Strait of Hormuz. The move aims to stabilize global supply chains amid regional conflicts that could impact US consumers through higher fuel and goods prices.