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.
London marine hull MGA launches with BP Marsh backing
Dauntless will focus on marine hull risks, including brown water, older and distressed tonnage
Chaucer and Indemni launch US cargo theft proposition
Aviva, Atrium, Blenheim and Talbot also provide capacity to Lloyd’s coverholder
Gard ranked strongest P&I club by Tysers
Skuld jumps to second place as Steamship slides
P&I clubs can’t rely on investment returns forever, Lockton says
International Group affiliates are sitting on $7bn in free reserves, but they lost $177m in their core business last year, broker calculates
Marsh Risk assesses El Niño supply chain challenges
Re/insurers and risk managers must factor in how climate change exacerbates El Niño’s impacts
Insurance Day publishes marine risk special report
Marine re/insurers are facing old risks in new forms, while emerging risks grow nearer
India’s marine insurance pool passes 3,000 policies
Cargo war policies make up bulk of portfolio of state-backed pool
Gard combined ratio at break-even
Marine mutual books tiny underwriting deficit as investment returns drive first-half profit
Managing the nuances of fine art and specie
Liberty Specialty Markets’ Ross Drabble describes how market changes, geopolitics and climate change are affecting high-value goods
Managing the nuances of fine art and specie
Liberty Specialty Markets’ Ross Drabble describes how market changes, geopolitics and climate change are affecting high-value goods
The evolving landscape of marine equipment insurance
Changing offshore activity, remote operations and increasingly complex subsea technology are reshaping the marine equipment market with implications for underwriting in the years ahead
The evolving landscape of marine equipment insurance
Changing offshore activity, remote operations and increasingly complex subsea technology are reshaping the marine equipment market with implications for underwriting in the years ahead
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