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.
West of England blames pool scheme for COR overshoot
Marine mutual makes underwriting loss for past financial year as combined ratio rises to 104%
Marine insurers underwrite Russia tanker calls after crude prices fall below cap
Shipowners more confident about doing such fixtures without risk of inaccurate attestations, P&I club lawyer says
SiriusPoint appoints Fenn global marine head
Re/insurer looks to expand cargo, fine art and specie, ports and terminal, and marine liability business in London
QRG launches European operation
Lloyd’s broker hires veteran marine specialist Ted Zaimis as director for Greece
Singapore High Court decision provides case law on Insurance Act wording
Ruling establishes meaning of ‘term defining the risk as a whole’ under section 11 of 2015 legislation
Danish shipowners endorse plan for state-backed hull war risk insurer
Fallback mechanism would kick in if commercial market collapses
Asian piracy jumps almost 50% in first quarter
Crews should step up security rounds and heighten watchkeeping, piracy watchdog warns
Yemen sanctions breaches void P&I cover: International Group
Stringent due diligence needed, insurers warn, after three vessels blacklisted
Aon expands marine expertise with Atlas acquisition
Global broker acquires Israeli marine and cargo specialist Atlas Insurance Agency
Tankers cheaper to insure than a year ago but bulk premiums up fractionally
Baltic Investor Indices data inconclusive on claims hull pricing is falling
Marine MGA Amphitrite increases war capacity
Managing general agent adds $40m of Lloyd’s capacity to support growth
Markel to buy fixed-premium provider MECO
Acquisition strengthens specialty insurer’s footprint in marine
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