Marine
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Berkshire Hathaway Specialty launches range of new policies in Spain
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a range of new proprietary policy wordings in Spain. The new policies include…
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Marine market premiums and profitability grew in 2021 but tougher times ahead, says IUMI
Global marine insurance premiums increased by 6.4% in 2021, with strong growth in Europe and Asia, but tougher times are…
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Standard Club warns offshore renewable risks not covered by P&I pool
The Standard Club has warned ship operators entering the fast-growing offshore renewable energy sector that they may be exposed to…
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Hong Kong general insurers see surge in underwriting profit for first half
The Hong Kong general insurance industry saw a surge in underwriting profit from $794m to $2,545m for the first half…
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Korean non-life insurance market to see moderate growth, says Korean Re
The Korean non-life insurance market is expected to grow by 4.6% to KRW112.6trn in 2022, according to a report released…
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Söderberg & Partners launches specialty operation to serve global clients
Söderberg & Partners has launched a new specialty brokerage operation to help large, global companies manage their complex risk profiles.…
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Market report: Hard market in India but liberalisation continues
The Indian insurance market is facing similar issues to other global insurance markets with rates still hardening and terms and…
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AGCS calls for more focus on loss prevention to deal with lithium-ion marine fire risk
Allianz Global Corporate & Specialty (AGCS) is urging shipowners to step up loss prevention efforts to cope with the rising…
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Ascot and Marsh arrange cover for first insured under Ukrainian grain insurance scheme
Specialty insurer Ascot and broker Marsh have placed the first insurance cover under the new Ukrainian grain insurance facility set…
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Marsh, AIG and Liberty collaborate on hydrogen energy cover to support sector growth
Broker Marsh has launched the world’s first insurance and reinsurance capacity for hydrogen energy risks, alongside insurers Liberty Specialty Markets…
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Beazley’s Smart Tracker offers hope of a more efficient market
There has been much talk in recent times of how insurtech will revolutionise the insurance market by enabling more accurate…
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Mitsui Sumitomo buys hybrid fronting company Transverse to boost US expansion
Mitsui Sumitomo is buying US-based hybrid fronting company Transverse to build its presence in the US market. Terms of the…
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Ascot and Marsh launch cover for Ukraine grain and food exports through Black Sea
Lloyd’s of London insurer Ascot and Marsh have launched a marine cargo and war facility to provide cover for grain…
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Capacity growing in London market but underwriters maintaining discipline, says Miller
Increased risk capital is being deployed by both existing and new underwriting businesses in the London market, according to Miller’s…
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Lancashire says best rates for a decade will continue into 2023 on delivering $78m H1 profit
Lancashire Holdings reported a 44% increase in pre-tax profit to $78m for the first half of 2022, on the back…
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Added exclusions from Ukraine crisis threaten validity of international programmes: GVNW
The German risk and insurance management association, the GVNW, has warned insurers that there is no need for further territorial…
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Data giants launch potentially ground-breaking supply chain RM solution
Risk and insurance managers have become increasingly frustrated in recent times by the inability of the traditional insurance market to…
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Cybercriminals target vulnerable marine supply chains
Cybercriminals are increasingly targeting container shipping and ports as ransomware gangs step up attacks on vulnerable supply chains, according to…
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Beazley posts strong premium growth on back of ‘buoyant’ rating environment
Beazley reported strong gross written premium growth of 26% to $2.5bn in the first half of this year supported by…
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Contingent BI losses up as claims severity increases over past five years: AGCS
Commercial insurance claims have increased in severity during the past five years, with contingent business interruption (CBI) losses reaching new…
