Marine
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March 15, 2024
Marsh names new marine director in the Netherlands
Marsh has appointed AIG’s Koen van Leuven as marine broking director for the Netherlands. He is expected to join this…
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March 14, 2024
NorthStandard partners with AI maritime safety platform to reduce accidents and delays
P&I club NorthStandard has partnered with Orca AI to provide its members with access to a maritime safety platform and…
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March 11, 2024
HDI Global makes board changes as McDonald exits
Industrial insurer HDI Global, owned by Talanx, has announced changes at board level, with Claire McDonald – head of HDI…
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March 7, 2024
Dynamic shift in appetite from Singapore and Malaysia insurance markets
Both the Singapore and Malaysia markets show a dynamic shift in insurers’ focus, with a heightened appetite for cyber, marine,…
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March 5, 2024
War risk rates hold firm after Red Sea sinking: reports
Shipping war risk insurance rates have held steady after the total loss of UK-owned cargo vessel Rubymar at the weekend,…
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March 4, 2024
UK-owned ship Rubymar sinks in first major loss since Houthi Red Sea attacks
After months of avoiding a major incident since commercial ships came under attack by Houthi militants in the Red Sea,…
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March 4, 2024
Marsh PPP facility expands cover to all shipping trade at Ukrainian ports
Marsh’s Unity insurance facility – backed by Lloyds and, ultimately, the Ukrainian government – has expanded, and now offers lower…
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March 1, 2024
Insurwave appoints Ken MacDonald as adviser in marine and specialty
London-based insurtech platform Insurwave has appointed industry veteran Ken MacDonald as an adviser to enhance its marine and specialty capabilities.…
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February 29, 2024
EU strikes deal on maritime safety
The European Council and Parliament have struck provisional deals in an effort to support clean and modern shipping in the…
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February 27, 2024
Specialist marine MGA receives full FCA approval
Specialist marine MGA Amphitrite Underwriting London has received full authorisation from the UK Financial Conduct Authority (FCA). Amphitrite said that…
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February 26, 2024
More than half of UK exporters hit by Red Sea shipping disruption
More than half (55%) of UK exporters have been impacted by disruption to shipping in the Red Sea and face…
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February 15, 2024
ITIC launches European subsidiary in Cyprus
Professional indemnity insurer International Transport Intermediaries Club (ITIC) has launched a European subsidiary in Cyprus. International Transport Intermediaries Insurance Company…
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February 14, 2024
EU and parliament agree new deal to improve maritime safety
The European Council and parliament have reached a provisional agreement to revise the 2009 directive that governs accidents investigations in…
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February 13, 2024
Skuld cancels Red Sea war protection for fixed premium customers
Norwegian P&I insurer Skuld is cancelling war cover for non-mutual policyholders operating in the Red Sea after its own reinsurers…
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February 12, 2024
P&I Clubs to increase rates by 5% to 7.5%
All 12 mutual members of the International Group of P&I Clubs will increase premium rates at the 20 February renewal,…
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February 9, 2024
New head of hull and war at Markel
Katie Costello has been appointed as head of hull and war at Markel, and Paul Western has been promoted to…
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February 9, 2024
AXA XL creates new global specialty branch and names unit’s chief underwriting officer
AXA XL has created a new global specialty branch and named Anne Marie Elder as its chief underwriting officer. In…
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February 8, 2024
IUMI says marine insurers committed to supporting Ukraine and Red Sea trade
The International Union of Marine Insurance (IUMI) has stated that the global marine insurance market is continuing to support trade…
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February 7, 2024
London market may be moving into softer territory, says Miller
As capacity chases income, the London market may be at the top of the “slippery slope into softer market territory”,…
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February 7, 2024
Tokio Marine HCC International adds Lavaretus Underwriting team
Tokio Marine HCC International (TMHCCI) has reached agreement with Marsh Specialty UK to ‘onboard’ certain employees of Lavaretus Underwriting, a…