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.
Munich Re Specialty launches US inland marine product
Product provides $50m of cover for builders’ risk, contractors’ equipment, motor truck cargo and property floaters
Hull insurance now only ‘marginally profitable’: Swedish Club
Rates falling, but holding up better in Nordic market than London
Consilium launches stock facility for inventory cover
New standalone facility gives brokers and clients the option to insure warehoused stock separately
Why the Win Win case was anything but what the name suggests
Court of Appeal ruling in Delos v Allianz throws an important spotlight on the meaning of the Insurance Act 2015 legislation and the American Hull Clauses, lawyers argue
Shipowner fightback against big P&I rate hikes could start soon: S&P Global
Headline premium increases could hit double-digit percentage points, but brokers and big fleets will be able to haggle, rating agency says
Gard posts hefty technical loss in first half
World’s largest marine insurer reports big jump in combined ratio, but chief executive defends ‘robust’ outcome
Optio names Teige head of coastal marine
Teige joins managing general agent from Fender Insurance
Rokstone hires senior QBE duo for Singapore marine expansion
Managing general agent appoints Sharon Seah and Hui Ling Long as directors in its new Singapore hub
Miller hires NorthStandard’s Taylor to lead P&I
Nick Taylor joins London-based re/insurance broker to oversee direct P&I business
Swedish Club expands China footprint with Ping An partnership
Deal will give Chinese owners easier access to International Group pool scheme
Axa XL leads war risk slip for twice-attacked cargoship
Convex understood to have follow position on Aon-brokered cover for Minervagracht
New maritime decarbonisation technologies are impacting marine insurers
While many of these technologies are currently at early stages of development, their broader adoption will have implications for marine insurers
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.