Marine
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Strong insurance pricing drives record profit at AXIS
There are few signs of an end to the hardening insurance market, based on record second-quarter operating results published by…
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Buyers push back on marine rate increases in 2021
Marine rates have continued to harden in the first half of 2021, although hull and machinery underwriters seeking rises of…
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Dutch risk managers focus on container claims as Ever Given finally released
Dutch risk managers focused on the fast-rising risk of containerships in light of the Ever Given catastrophe, during a recent…
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Belgian marine market joins digital Whitespace platform
Whitespace, a London-based digital e-trading channel for brokers and insurers that was recently acquired by Verisk company Sequel, has announced…
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Ever Given finally released after settlement
The UK P&I Club, insurer of the Ever Given containership that catastrophically blocked the Suez canal back in March, has…
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AXA XL promotes David Hughes to head of hull, UK and Lloyd’s
AXA XL has promoted David Hughes to head of hull for the UK and Lloyd’s market. Mr Hughes joined AXA…
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Marine insurance cost set to rise
Shipping companies are likely to face higher insurance costs from increased reinsurance pricing and growing exposures, according to a leading…
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Brit launches consortium to ‘transform’ placement of marine war breach call risks
Brit has launched a marine consortium to make it easier and quicker for insurance buyers to cover marine war and…
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Gallagher to become fourth-biggest broker in Germany
A J Gallagher will become the fourth-largest broker in Germany by premiums handled after it completes the acquisition of various…
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Beazley Q1 rate increases ‘exceed expectations’
Premium rate increases of 16% on renewal during Q1 2021 were “well ahead of expectations”, said Beazley, as it announced…
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Italian risk managers focus on changes to global trade terms
Risk and insurance managers need to take a close look at recent changes to Incoterms, the international commercial trade terms…
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Ever Given owner and insurer appeal $900m Suez Canal claim
The owner of the Ever Given has filed an appeal against the arrest of the container ship and its cargo,…
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Howden acquires Spanish broker ARTAI and opens new Swiss office
Howden has continued its European expansion with the acquisition of Spain’s largest independent corporate broker ARTAI for an undisclosed fee.…
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AXA XL appoints head of marine, UK and Lloyd’s market and global head of hull
Sundeep Khera has been appointed as head of marine, UK and Lloyd’s market, at AXA XL, with effect from 1…
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Thomas Miller appoints consultant for European growth
Marine and offshore specialty MGA Thomas Miller Specialty has recruited Sven-Erik Braun as a consultant to build the group’s European…
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Reinsurers braced for bulk of Suez Canal accident losses, reports Reuters
The bulk of losses caused by the Ever Given containership that blocked the Suez Canal for nearly a week is…
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Suez Canal blockage presents major lessons for Italian risk community
The beaching of the Ever Given, the cargo ship that ran aground in the Suez Canal, blocking the critical passageway…
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Gallagher buys Parisco to boost marine and energy offering in the Nordics
Gallagher has bought Oslo-based marine and energy broker Parisco for an undisclosed fee. Parisco is a Norwegian marine and energy…
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Suez Canal chief says financial negotiations underway with Ever Given owner
The Suez Canal Authority is in discussions with the owner of the containership Ever Given, Japanese firm Shoei Kisen Kaisha,…
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Ever Given to be ‘held’ until compensation agreed, says Suez Canal Authority
The Suez Canal Authority has said the cargo ship Ever Given could remain in Egypt until the shipowner agrees to…