Marine
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April 24, 2024
Baltimore bridge ship “unseaworthy”, claims city in lawsuit against owners
The city of Baltimore has filed a lawsuit against the operators of container ship Dali, which caused the collapse of…
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April 18, 2024
Claims likely to increase as vessels remain stranded in Baltimore
The collapse of the Francis Scott Key Bridge in Baltimore in March and the ensuing build-up of vessels continues to…
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April 18, 2024
Allianz names global head of marine
Allianz Commercial has appointed Rich Soja as global head of marine. It is a promotion for Soja, who steps up…
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April 17, 2024
Howden launches Red Sea cargo war risk coverage
Global broker Howden has launched what it claims is the first cargo war risk facility to cover vessels in the…
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April 17, 2024
Dual Europe acquires Swiss Re’s marine team
International MGA Dual Europe has bolstered its marine underwriting capability after acquiring the Genoa-based marine team from Swiss Re. Under…
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April 17, 2024
BHSI expands global marine capabilities in US
Berkshire Hathaway Specialty Insurance (BHSI) is expanding its global marine capabilities in the US with the launch of ocean marine…
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April 15, 2024
Miller expands cargo offering in Asia Pacific
Miller, the London-based (re)insurance broker, has announced the appointment of Alberto Ferriolo, further strengthening its cargo capabilities in APAC. Alberto…
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April 12, 2024
Somali piracy attacks resurge in 2024, warns IMB
Shipowners have been warned about a “worrying” resurgence in attacks from Somali pirates, with five incidents recorded in Q1 2024…
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April 9, 2024
Lockton Norway appoints new CEO and chair for ‘next phase’ of growth plan
Global broker Lockton has announced Anders Johannessen will take over from Cato Aamodt as CEO of Lockton Norway while Lorraine…
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April 8, 2024
New global directors of aviation and marine at Charles Taylor
Hugh Thacker has been appointed as global director of aviation and David Boghurst as global managing director of marine at…
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April 4, 2024
Tanker collision raises insurers’ fears of dark fleets
A collision between two tankers off the coast of Denmark has revived insurers’ concerns about the risk of so-called ‘dark…
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April 3, 2024
Private equity firm takes controlling interest in Italian broker GBSAPRI
Private equity firm Brera Partners said it has bought 70% of shares in Italian broker GBSAPRI Group to drive consolidation…
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April 3, 2024
Baltimore incident likely to drive up marine insurance rates
Marine insurance pricing is likely to increase following the collapse of the Francis Scott Key Bridge in Baltimore, some experts…
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April 2, 2024
Fidelis Partnership’s Syndicate 3123 gets in principle approval
Lloyd’s has granted in principle approval for the launch of The Fidelis Partnership’s Syndicate 3123, in collaboration with global specialty…
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April 2, 2024
AXA doesn’t expect ‘material’ group losses from bridge collapse
AXA doesn’t expect losses at its AXA XL unit, which leads the $3bn excess of loss reinsurance cover for the…
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March 28, 2024
New global chief underwriting officer for marine at AXA XL
Neil Cole has been promoted to global chief underwriting officer, marine, at AXA XL, effective 1 April. He was previously…
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March 28, 2024
Bridge collapses from vessel collisions ‘rare’, says Allianz Commercial
The dramatic collapse of the Francis Scott Key Bridge as a large container ship struck a support column leaving the…
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March 28, 2024
Insured losses from bridge collapse could reach $4bn and harden marine market: Morningstar
Insured losses from the collapsed Francis Scott Key Bridge that was struck by a container ship and disruption to the…
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March 27, 2024
Baltimore bridge collapse losses could run into billions: Sources
The collapse of the Francis Scott Key Bridge in Baltimore after it was struck by a container ship could trigger…
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March 27, 2024
Baltimore port closure adds to global supply chain pressure
Global supply chains, already reeling from re-routing ships to avoid attack in the Red Sea, will be further challenged by…