AXA works with Rolls-Royce on unmanned shipping risks

AXA works with Rolls-Royce on unmanned shipping risks

AXA works with Rolls-Royce on unmanned shipping risks

AXA Corporate Solutions has announced that it is working with Rolls-Royce to develop risk management products for unmanned ships. Using Rolls-Royce Ship Intelligence systems and products, which include onboard sensors and data streaming, and AXA Corporate Solution’s risk analytics, the new partnership will look at ways to support the marine industry with future technological changes. For now, Rolls-Royce data will…

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

Rousseau takes charge at restructured SCOR Business Solutions, promising to increase ‘client-centricity’

SCOR has reorganised its growing SCOR Business Solutions (SBS) unit in a move it says will make the firm more relevant to customers, be easier for brokers to use and help deliver planned growth in the large global corporate primary market. The Paris-based group said that in line with its current strategic ‘Vision in Action’ plan, it is “enhancing the…

UK P&I Club tackles maritime risk with new technology

UK P&I Club tackles maritime risk with new technology

UK P&I Club tackles maritime risk with new technology

UK P&I Club is set to provide cutting-edge, data-driven technology for maritime and port threats that it says will help members monitor risks in real time and put the club one step ahead of competitors. Through a new working partnership with Geollect, which uses geospatial data and algorithms to provide real-time information on ports and locations worldwide, UK P&I Club…

African port security must be improved to boost trade and reduce risks

African port security must be improved to boost trade and reduce risks

African port security must be improved to boost trade and reduce risks

A 25% improvement in port performance can drive a 2% growth in GDP, according to a new report released as the International Maritime Organisation (IMO) reveals several moves to boost security at African marine hubs. The IMO said: “Ports provide the critical interface between the ship and the shore. For maritime trade to flow effectively, this vital infrastructure needs to be…

Munich Re hires senior execs for its Asian syndicates

Munich Re hires senior execs for its Asian syndicates

Munich Re hires senior execs for its Asian syndicates

German reinsurer Munich Re has announced a trio of executive appointments at its Asian branch, Munich Re Syndicate Asia. Tony Betteridge has been promoted to head of marine where he will be responsible for cargo, project cargo, hull and marine liability. Joel Pridmore has been appointed as head of financial lines and business development and will be expected to build…

JD.com buys 33.3% share in Allianz China General Insurance

JD.com buys 33.3% share in Allianz China General Insurance

JD.com buys 33.3% share in Allianz China General Insurance

Chinese e-commerce giant JD.com is to acquire a third of Allianz China General Insurance as part of its push into the financial services sector. The 33.3% stake, which is still subject to government approval, will cost JD.com $85.4m (CNY537m) and will make it the second-largest shareholder in the insurance operation, after Allianz. JD.com, the second-largest e-commerce company in China after…

HWI launches new underwriting venture in Hong Kong

HWI launches new underwriting venture in Hong Kong

HWI launches new underwriting venture in Hong Kong

A new Hong Kong-based managing general agent (MGA) has been launched by independent insurer HWI International Group. NuVu Underwriting Hong Kong is set to begin writing business from 1 July 2018, subject to regulatory approval, and will be headed by Jeremy Austen. The MGA will initially concentrate on property, marine, personal accident, fine art, specie and terrorism. While HWI has…

Ports critical for growth in Africa

Ports critical for growth in Africa

Ports critical for growth in Africa

Sub Saharan Africa must invest more in its ports infrastructure if it is to successfully grow economies, according to a new report. PwC analysis shows that a 25% improvement in port performance could increase GDP by 2%, demonstrating the close relationship between port effectiveness and trade competitiveness. However, it warned that with growing congestion in many African ports, Africa runs…

RKH Specialty signals Asia push with new CEO appointment

RKH Specialty signals Asia push with new CEO appointment

RKH Specialty signals Asia push with new CEO appointment

International broking group RKH Specialty has appointed Stuart Beatty as its new chief executive for Asia-Pacific, a position he previously occupied at JLT Re. The position, which is based in Singapore, is newly created and signals RKH Specialty’s intention to develop a larger presence in the region. Its most senior executive in Asia was Singapore chief executive Karly Shaw, who…

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