Daily Digest: Axa XL leads Minervagracht war risk, Ambac completes strategic pivot, Future of active assailant insurance

Catch up on the essential news and analysis from the Insurance Day experts

Axa XL leads war risk slip for twice-attacked cargoship Lloyd’s insurer Axa XL is understood to lead the war risk slip on Minervagracht (IMO: 9571521), the Dutch-owned general cargoship that has twice been attacked in the Gulf of Aden in the past week, according to multiple market sources. Convex is believed to have a follow position and some underwriters have mentioned Beazley as having a slice of the cover on the vessel, which has a hull value of €25m ($29.3m). The policy was brokered by Aon.