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.
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
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
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
Pine Walk launches specialty reinsurance MGA
Silverflame Re will focus on marine, energy and composite and credit and surety
Insuring the maritime sector’s voyage to net zero
Insurers have a crucial role to play in directing shipowners away from fossil fuels
BP Marsh invests in CEE Specialty
Insurance-focused private equity firm acquires a 44% stake in marine hull, bonds and liability-focused underwriting agency
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
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
Sompo launches UK marine proposition
Carrier will now write marine cargo and transport and logistics covers outside London
HDI Global launches US inland marine unit
Carrier expands specialty offering in the US with new unit led by Rebecca Molosky
Tokio Marine HCC expands marine special risks team
Specialty carrier adds Howden marine specialist Victoria Fox to new London-based team
'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
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