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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.

Marine

Hull underwriting profits are ‘too good’ right now: Marsh's Nevill

Brokers still play vital role despite rise of disintermediation, broking giant’s chief executive of UK marine and cargo insists

International Marsh

P&I club net income per gross tonne hitting all-time highs: Marsh

Run of rate increases in recent years ‘overdone’, according to biggest marine broker

International Specialty

Gard holds on to top slot in P&I club market share ranking

Norwegian marine mutual remains the largest protection and indemnity club, despite NorthStandard merger, analysis by Tysers finds

International Marine

Pine Walk launches specialty reinsurance MGA

Silverflame Re will focus on marine, energy and composite and credit and surety

Marine Distribution

Insuring the maritime sector’s voyage to net zero

Insurers have a crucial role to play in directing shipowners away from fossil fuels

International Marine

BP Marsh invests in CEE Specialty

Insurance-focused private equity firm acquires a 44% stake in marine hull, bonds and liability-focused underwriting agency

Europe Specialty

TMK and Marsh launch facility for ports and terminals

Facility provides capacity of up to $50m for business interruption losses tied to geopolitical events, weather-related incidents and other disruptions

International Specialty

Africa Specialty Risks launches marine and aviation division

New division will be led by Aurélien Sauty, who joins from Berkshire Hathaway Specialty Insurance, where he was assistant vice-president for marine in the Middle East

Middle East and Africa Aviation

Sompo launches UK marine proposition

Carrier will now write marine cargo and transport and logistics covers outside London 

United Kingdom Specialty

HDI Global launches US inland marine unit

Carrier expands specialty offering in the US with new unit led by Rebecca Molosky

United States Specialty

Tokio Marine HCC expands marine special risks team

Specialty carrier adds Howden marine specialist Victoria Fox to new London-based team

London Specialty
IUMI

'Is there much point talking to the Houthis?', Iumi panel asked

Appetite to insure Red Sea war risk is mixed, but some underwriters will do so if the price is right, audience hears

International Specialty
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