Marine
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AXA XL adds to UK & Lloyd’s specialty team
Louise Nevill has been appointed chief underwriting officer – specialty at AXA XL while Sundeep Khera has been appointed head…
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North Sea vessel collision to cost insurers $100m-$300m: Morningstar DBRS
Insured losses from the vessel collision in the North Sea this week have been pegged by analyst Morningstar DBRS at…
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Vessel collision adds to British Isles as incident hotspot
As fires continue to burn on both vessels after a collision in the North Sea off the UK’s East Yorkshire…
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Tokio Marine HCC International appoints head of marine and energy liability
Camilla Gower has been promoted to head of marine and energy liability at Tokio Marine HCC International (TMHCCI), a member…
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Beazley reports property rate rises slow to 1.3% in 2024
Beazley has posted a second consecutive year of record pre-tax profit, up 13% to $1.42bn for 2024, as rates moderated…
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MGA Optio Group expands into Scandinavia with Norwegian acquisition
Specialty UK-based MGA Optio Group has expanded into Scandinavia with the acquisition of Norwegian-based MGA S Insurance AS for an…
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Gard opens Danish branch after completing Codan acquisition
Norwegian-based marine insurer Gard has established a dedicated branch in Denmark and opened two new offices in the country after…
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New marine hull and war lead at Markel in Singapore
Galvin Hu has been appointed as marine hull and war lead at Markel in Singapore. In his new role, Hu…
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P&I clubs see record free reserves but claims on the up
An increase in claims in 2024/25 will partially offset expected high investment returns for protection and indemnity (P&I) clubs, according…
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NorthStandard collaboration with BetterSea eases FuelEU compliance
P&I Club NorthStandard has formed an exclusive collaboration with maritime digital decarbonisation experts BetterSea. NorthStandard members will have heavily discounted access…
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IUMI warns against protectionist measures and trade wars
Protectionist measures are not in the interests of the marine insurance community, according to the International Union of Marine Insurance…
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Alternative solutions drive Scor’s 1/1 renewals
Scor booked a 9.6% increase in renewed reinsurance premiums at 1 Jan 2025 to €5.27bn, driven by “strong momentum” in…
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Gallagher Bassett buys marine and transit claims firm WKW
A J Gallagher’s claims management subsidiary, Gallagher Bassett (GB), has bought global marine and transit firm W K Webster &…
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French mutual SMABTP launches MAT unit
French mutual insurer SMABTP has formed a new unit for maritime, aviation and transport led by Serge Vanderstappen. This follows…
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Hull market stable-to-softening, says Gallagher
Shipowners are enjoying a stable hull and machinery insurance market following some softening in the latter part of last year,…
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Aon duo joins Filhet Allard to launch Dutch maritime operation
Filhet Allard Maritime, the marine arm of the leading French independent broker, has announced the opening of a new branch…
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P&I club West acquires Nordic Marine
Protection & indemnity mutual West has announced it will fully acquire Swedish marine insurer Nordic Marine Insurance, having first bought…
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Aviation reinsurance renewals ‘most stable in years’: Aon
Aviation reinsurance renewals at 1 Jan were “the most stable in years”, with D&O flat as cyber, marine and energy…
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Finland seeks seizure of electric cable-cutting Russian tanker
Fingrid, the operator of Finland’s national grid, has applied to the Helsinki District Court to seize control of the Russian…
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Agile appoints head of marine and deputy active underwriter of Lloyd’s syndicate
David Hughes has been appointed as head of marine at insurtech Agile Insurance Group and as deputy active underwriter of…