Volt Underwriting has signed a US$37.5m binding authority for US and international onshore power and renewable energy risks, marking a 50% capacity increase for 2025. The binder continues to be led by Dale Underwriting Partners’ Lloyd’s Syndicate 1729, with support from SiriusPoint Syndicate 1945.

Insurers in the European Economic Area are sufficiently capitalised to deal with the economic fallout from a “severe but plausible" amplification of geopolitical tensions. This is the conclusion drawn by the European Insurance and Occupational Pensions Authority, whose 2024 Insurance Stress Test results were published today.

TT Club has welcomed the recent cross-party parliamentary debate on the issue of security and policing, and its subsequent impact on freight crime. The specialist freight transport insurer argues that the National Vehicle Crime Intelligence Service is under-supported and under-funded.

Aon is partnering with Fathom to augment the flood risk capabilities of its Climate Risk Monitor tool. As part of the collaboration, high-resolution data will bolster the tool’s functionality across flash flooding, river flooding, coastal flooding and rising sea levels. The solution can now assess US, UK and Japan flood risk at a resolution of 10 square meters, and 30 square meters for other regions.

The latest Political Risk Index from WTW has highlighted the growing threat faced by grey zone targets from acts of aggression that aim to weaken a country but fall short of being seen as acts of war. Such targets include vessels, undersea cables and offshore oil installations.

Supply chain long-cons may become the norm in 2025, as threat actors increasingly adopt long-term infiltration strategies, targeting lesser-known software dependencies to exploit vulnerabilities while maintaining a façade of legitimacy. This is amongst the trends forecast to dominate in the new year.