Marine Insurance
Marine insurance is experiencing a period of rapid change, with a prolonged struggle to deliver underwriting profit forcing companies to reevaluate their proposition and the need to modernise. The class of business on which Lloyd’s was founded, the marine market is now navigating through a transitional period as it embraces technological reform and looks to rebuild its profit margin against a challenging operational backdrop.
Data-led underwriting 'will define marine risk'
Machinery data will fill a big gap in loss models, Ceto's chief executive Tony Hildrew argues
UIB names Waller head of marine
David Waller succeeds Andrew Little as managing director of Lloyd’s broker’s marine division
Tysers names Cooper director of marine and aviation
Executive joins Lloyd’s broker from Consilium
Marine insurers reprice Middle East Gulf war risk following ceasefire
No consensus over new going hull rate but trend clearly down
Swiss Re names Revell global head of marine and energy
Revell has more than 30 years of reinsurance experience
Reinsurers exposed to $150bn in Iran war liabilities
Marine carriers bear more than $45bn in exposure on hull-only policies, while aviation hull liabilities come to about $35bn, says Guy Carpenter
International Group to foot $350m recovery from Dali bridge insurer
Liability could eventually run to billions of dollars
Addressing risk transfer in global logistics
Freight forwarders may be held liable as contractual carrier under international conventions or national transport statutes
Trump war risk insurance scheme capacity doubles to $40bn
Public-private partnership ‘brings stability to maritime trade at a critical moment’, chief executive contends, but there are still no known users for Iran conflict emergency facility
Iran ‘terrorist’ designation presents marine insurance quandary
Making payments to transit the Strait of Hormuz could land shipowners in a legal grey area, particularly given that Iran’s Islamic Revolutionary Guard Corps has been designated a terrorist organisation by several countries
Trump’s war risk insurance scheme is going nowhere
‘Lot of talk but not a great deal of action,’ market sources say, with reinsurance facility understood to have no known users
Optio acquires marine MGA Gardian Marine
Acquisition aims to address gaps in the marine specialty market and broaden Optio’s specialisms
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