Marine
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The Swedish Club offers cyber cover to P&I buyers
Protection and indemnity (P&I) mutual The Swedish Club will add cyber insurance to its offering to shipowner members from 1…
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Pen Underwriting takes Lloyd’s box for marine growth
UK managing general agent Pen Underwriting has taken a box at Lloyd’s, housing its specialist marine team on the trading…
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Middle East conflict threatens supply chains and shipping
Companies need to double down on political risk in their supply chains as conflict in the Middle East threatens to…
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Chaucer names Schnorr head of marine & energy
Chaucer has hired Simon Schnorr as head of marine & energy, taking over the role from Kelan Hunt, who will…
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Marsh confirms Lloyd’s war risk insurance scheme for Ukraine exports
Lloyd’s underwriters have backed a new insurance scheme set up by Marsh and the Ukrainian government to provide war risk…
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QBE expands European marine business with Germany launch
QBE has further expanded its marine underwriting business in Europe by launching in Germany, with more offices set to open…
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Marine hull risk managers face prolonged hard market as dark clouds gather
Marine hull insurers are enjoying a healthy period with strong premium growth on the back of a tighter insurance market,…
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IUMI reports strong growth in marine insurance on back of tight market
Reduced insurance capacity and higher premiums combined with increased activity and higher asset values delivered significant growth for the global…
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New energy transition technology underwriter at Argenta Syndicate Management
Edward Davidson has been promoted to the newly created role of energy transition technology underwriter at Argenta Syndicate Management. Based…
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Miller strengthens mutual marine team with Bisbas hire
Specialist reinsurance broker Miller has appointed Andreas Bisbas as chairman of marine mutual reinsurance and head of mutual war within…
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Helvetia opts for UK branch as Brexit arrangement nears end
Swiss insurer Helvetia Global Solutions will underwrite specialty lines business from its UK branch after receiving regulatory approval ahead of…
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Gard partners with DNK for war risk support
P&I insurer Gard has launched a war risk service for clients with specialist war risk insurer the Norwegian Shipowners’ Mutual…
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Israel will compensate ships for war damage
The Israeli government said it will compensate shipowners for any damage incurred as a result of the war with Hamas.…
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New marine division launched by Renewable Energy Loss Adjusters
Renewable Energy Loss Adjusters (RELA) has launched a new division dedicated to the marine market, providing independent average adjusting services,…
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P&I clubs expected to lower renewal rate increase to 5.2%: S&P
Shipowners are likely to see average renewal rates for P&I cover increase by 5.2% for 2024 renewals, down from a…
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QBE expands German marine market with new appointments
QBE Germany has strengthened its marine team in Hamburg with the appointments of Philip Specht as senior underwriter and Lars…
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HDI Global launches branch office in Portugal
German industrial insurer HDI Global said it will open a new branch office in Portugal as part of growth plans…
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Fatal North Sea ship collision highlights scale of risk
The tragic collision of two vessels off the North German coast this week should come as little surprise given collisions…
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Report into Baltic Sea collision calls for more lookouts
An investigation by the UK’s Marine Accident Investigation Branch (MAIB) into a collision between a UK-registered cargo ship and a…
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DUAL Europe expands into marine with new hires
Specialist underwriter DUAL Europe, part of the Howden Group, has unveiled a new marine hub based in Rotterdam, the Netherlands.…