Marine
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Strong growth from P&I Clubs in 2022/23
P&I Clubs have reported strong growth, with the UK P&I Club seeing gross written premium exceed $500m for the first…
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MS Amlin adds Hassan to claims team in bid to boost service
MS Amlin has appointed Erman Hassan as head of natural resources claims as part of plans to boost its claims…
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Demand for July renewals will drive rate rises: Swiss Re
April reinsurance renewals saw rates increase further, with demand ahead of the July season setting the stage for pricing momentum…
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Tokio Marine HCC Intl restructures London Market marine, energy and renewables
Tokio Marine HCC International (TMHCCI) has restructured its London Market marine, energy and renewables businesses, bringing these lines of business…
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Cautious optimism for North American insurance buyers, says WTW
There are signs of cautious optimism in the North American insurance market and while the economic outlook for 2023 remains…
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Everest continues drive into primary market on back of hardening property lines
Everest Re continues its charge into the primary insurance sector with another set of impressive growth figures in its primary…
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Solid growth in 2022 for South Korean non-life insurers
In 2022, the South Korean non-life insurance market grew robustly, as all lines of business generated solid growth, according to…
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Piracy attacks at lowest level in ten years
Global piracy attacks reached a ten-year low in the first quarter of this year, according to figures from the ICC…
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Loss adjuster Engle Martin snaps up marine specialist EIMC
Loss adjusting and claims management firm Engle Martin has bought EIMC, which offers risk management, loss investigation and subrogation services…
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New regional headquarters for Asia in Singapore for NorthStandard
NorthStandard has opened its new regional headquarters for Asia in Singapore. The P&I Club said the establishment of a single…
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Howden launches marine and energy business in Norway
Howden has launched a marine and energy businesses in Norway that will be headed by WTW’s Frode Lund. Lund, who…
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Pen Underwriting enters marine specialty market with acquisition
MGA Pen Underwriting has bought Tay River Holdings and its specialty marine subsidiaries Vessel Protect, Trafalgar Marine Trades and BMM…
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Singapore insurance market expands GWP by 15% in 2022
Singapore's general insurance sector recorded positive results for both the offshore and domestic segments, with a combined 15% increase in…
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London underwriters and P&I clubs agree protocol to improve marine casualty claims
London’s marine insurers and the International Group of P&I Clubs (IG) have agreed new guidelines to improve claims handling for…
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AGCS names AIG’s Browne CUO for specialty
Allianz Global Corporate & Specialty (AGCS) has appointed Gordon Browne as global head of specialty from AIG. Browne will report…
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Fundamental change needed to cope with maritime lithium-ion fire risk
A leading German maritime safety expert has warned that onboard fire detection and extinguishing systems need to “fundamentally change” to…
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Maersk files lawsuit against Evergreen over Ever Given’s Suez Canal delays
Shipping company Maersk is suing ship operator Evergreen and others for delays to shipments caused by the Suez Canal blockage…
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P&I renewal increases could be the last as pricing nears adequacy: Best
AM Best said general increases announced by most protection and indemnity (P&I) clubs ahead of key 20 February renewals are…
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Turkey’s port fire to bring $679m in trade losses: Russell Group
A large container fire at Turkey’s Iskenderun port caused by the country’s powerful earthquakes will drive trade losses of $679m,…
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Coverage restrictions set to prolong tough marine hull market
Restrictive coverage and wordings are likely to cause problems for buyers in the hull market as rates stabilise, according to…