Marine
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German insurers call for action on dramatic rise in container losses
The German insurance association has said that better lashing and securing containers on deck, the use of anti-roll tanks on…
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US property and casualty rates increases moderated in fourth quarter of 2021
Average US property and casualty rates increased by 5.8% in the fourth quarter of 2021, compared to a 6.8% increase…
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Miller appoints Nick King to lead marine expansion in Singapore
Nick King has joined specialist (re)insurance broker Miller to lead the expansion of its marine offering in Singapore. King’s hiring…
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Shipowners face up to 55% increase in P&I reinsurance costs
The International Group of P&I Clubs has announced large increases in reinsurance costs for P&I club members around the world,…
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Marine insurers back decarbonisation scheme
A number of marine insurers have signed up to an initiative designed to bring more transparency and urgency to the…
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Arrests made after fatal collision between Danish and British cargo ships
The Swedish coastguard has launched an investigation into a fatal collision between two cargo ships that left one crew member…
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Swedish Club latest P&I insurer to increases rates by 12.5%
The Swedish Club has become the latest marine P&I insurer to announce a general increase of 12.5% for next year.…
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Marsh names Sartain head of US and Canada specialty
Marsh has appointed Michelle Sartain, previously head of its US financial and professional lines division (finpro), to lead its specialty…
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Marine cargo market trends in the Nordics
In a joint interview, AXA XL’s Peter Wullimann, country manager Nordic region, and Frédéric Bécard, global product leader cargo APAC…
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UK P&I Club calls for sector-wide rate rises after S&P downgrade
Marine protection and indemnity (P&I) insurers need to increase the cost of cover to combat rising claims and an “unsustainable”…
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North P&I club raises rates 15% as pool claims mount
Leading protection and indemnity (P&I) club North P&I will apply a 15% general rate increase for 2022/2023, to meet rising…
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IUMI report highlights 2020 growth for marine insurance sector but 2021 uncertain
Global marine insurance premiums for 2020 increased by 6.1% from 2019 to reach $30bn, according to the International Union of…
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Canopius to use Samsung Fire and Marine’s US admitted paper
Canopius Group is to underwrite US admitted business using Samsung Fire and Marine Insurance’s (SFMI) paper. SFMI is a substantial…
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Marine hull and machinery London market entry for HDI Global Specialty
HDI Global Specialty has moved into the marine hull and machinery London market. The insurer has appointed senior underwriter Michelle…
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HDI Global takes 100% share of specialty arm to focus on growth
HDI Global has taken 100% control of fast-growing HDI Global Specialty through the purchase of sister company Hannover Re’s 49.8%…
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Chaucer appoints head of new marine specialty division
Mike Smith has been appointed by Chaucer to head up its new marine specialty division, which includes marine PI and…
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Standard Club expands Asia-Pacific presence
Specialist marine and energy insurer Standard Club is expanding its presence in the Asia-Pacific region with the launch of the…
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P&I members face 15% general increases and prolonged hard market, warns Gallagher
Marine P&I club members are set to face general increases of 7.5% to 15% next year to address persistently high…
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BHSI unveils new global network across 170 countries
Berkshire Hathaway Specialty Insurance (BHSI) has expanded its global network to encompass owned offices and network partners, allowing the insurer…
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London P&I Club announces supplementary calls as claims take their toll
The London P&I Club has announced supplementary calls to help restore its finances after heavy losses during the last few…
