Marine
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Beazley offers more capacity to risk managers that meet Marsh’s ESG Risk Rating
Beazley is going to grant more capacity through its Lloyd’s of London Syndicate 4321 to companies that perform well on…
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Large ports pose accumulation and supply chain risk, warns Russell Group
Large ports have become centres for high value concentration, raising the threat of risk accumulation, according to data and analytics…
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New senior underwriter for marine and energy liability at Markel International
Markel International has hired Jeannie Schreiner as a senior underwriter for marine and energy (M&E) liability. Schreiner will be based…
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CJEU backs Spain in €1bn Prestige oil spill claim against London P&I Club
The Court of Justice of the European Union (CJEU) has ruled that arbitration proceedings brought in the UK by The…
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Ukraine conflict means global programme restructuring
The war in Ukraine and the associated sanctions on Russia are causing companies to rethink and restructure their global insurance…
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Thomas Miller Specialty’s chief underwriting officer to step down
Thomas Miller Specialty’s chief underwriting officer Bernt Hellman is stepping down to focus on expansion of the broker’s offshore business.…
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State guarantees likely to provide enough cover to keep Russian ships sailing, say Reuters sources
State-owned Russian National Reinsurance Co (RNRC) is now backing the bulk of insurance cover for Russian ships through state guarantees,…
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Specialty lines rates to accelerate as reinsurers come unstuck from ‘bundled’ offers: Berenberg
Specialty insurance buyers are set to face accelerated rate rises in the second half of this year and January 2023…
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Netherlands calls for action on stranded Yemeni supertanker
The Dutch government has called for more urgent action to deal with the environmental threats posed by a decaying supertanker…
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P&I members approve merger of North and Standard Club
Members of protection and indemnity clubs North P&I and Standard Club have given the green light to merge the two…
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Shipowners face higher emissions costs under General Average
Shipowners will soon face potentially significantly higher costs when forced to deviate to an EU port, because they will be…
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Results show mixed fortunes for Scandinavian P&I mutuals Gard and Skuld
Norwegian club Skuld has reported a $15m loss for 2021/2022. The P&I marine insurer had recorded a $25m profit the…
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Saudi insurance sector saw premium growth but net loss in 2021
The Saudi insurance sector saw premium growth of 8.4% in 2021, with total gross written premiums (GWP) totalling SAR42.03bn (€10.75bn),…
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Ukraine conflict likely to drive complex marine claims across multiple lines, warns Allianz
Marine claims related to the conflict in Ukraine are likely to affect multiple lines of insurance and involve complex legal…
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London Club forms team to service growing Asian offshore construction and specialist vessel risks
The London P&I Club has brought together an experienced team from across its Hong Kong and London offices to cater…
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Shipping safety record improves again but no room for complacency, says AGCS
The international shipping industry continued to improve its long-term safety record last year with the number of total losses down…
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Howden places first risk on newly launched digital cargo platform
Broking group Howden has launched a digital trading platform for cargo insurance buyers with 20 carriers onboard. Billed as the…
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Cyber rates double but hardening slows in other areas: Beazley
Beazley’s gross written premiums rose 27% in Q1 to $1.23bn as overall renewal rates rose by 17% despite moderating in…
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Chaucer report finds bigger-than-expected climate change threat to shipping and offshore energy
Extreme weather driven by climate change poses a greater-than-expected threat to the offshore energy and shipping sectors, according to Chaucer,…
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Specialty carriers give little hope for market softening during Q1 results
Comments during first-quarter results from leading Bermuda-based specialty (re)insurers over the last couple of days strongly suggest that the economic…
