Severe Convective Storms Now the Costliest Insured Peril of the 21st Century, Aon Reports

Phoenix Specialty, a London-based managing general agent (MGA), has strengthened its underwriting capabilities with an increase in available capacity, allowing greater flexibility when structuring risks.On an individual basis, the business can now support probable maximum losses of up to £50m for both annual policies and single-project risks within the UK.In parallel, the MGA has obtained Lloyd’s