Marine
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AGCS announces new global leadership roles for aviation and marine
Allianz Global Corporate & Specialty SE (AGCS) has appointed Tom Fadden as AGCS global head of aviation, with immediate effect.…
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Tokio Marine HCC boosts marine team
Tokio Marine HCC has appointed Paul Knighton as marine liability and logistics underwriter, further expanding the company’s specialist marine team…
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Maritime experts call for urgent action to curb piracy in Gulf of Guinea
The maritime community has called for urgent action to tackle piracy risk in the Gulf of Guinea, which now appears…
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Large shipping losses at lowest level since turn of century: AGCS
Large shipping losses were at their lowest level last year since the turn of the 21st century, according to maritime…
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Beazley launches marine cyber cover ahead of IMO guidelines
London-based international insurer Beazley has launched a new cyber policy and risk management service for shipowners and operators, as they…
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Understanding choke points
Kristof De Bremme, global head of marine, AIG and Dr Robin Niblett, director, Chatham House explain how the growth of…
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IUMI concerned by erosion of global premium base and attritional losses
The International Union of Marine Insurance (IUMI) has warned that while, in general, major losses remain stable, “the continued erosion…
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Marine piracy drops by 25% in Asia
Latest figures produced by the Regional Cooperation Agreement on Combating Piracy and Armed Robbery Information Sharing Centre (ReCAAP ISC), an…
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Marine market hit by unprecedented run of container ship losses
Marine hull and cargo insurers have been hit by an “unprecedented” run of container ship losses in the past three…
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Marsh execs seek to allay risk manager concerns over JLT deal
Marsh executives have sought to allay risk manager concerns that the JLT acquisition will lead to a lack of focus,…
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Lloyd’s posts £1bn loss but rates up 3.2%
Lloyd’s made a loss of £1bn and delivered a combined ratio of 104.5% in 2018, on the back of another…
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Willis taps Marsh for key appointments
Willis Towers Watson has tapped Marsh for its new head of marine broking, and power and utilities CEEMA region leader.…
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UK P&I Club issues maritime burn risk guide
UK P&I Club has warned of burn risks to personnel at sea and issued a prevention guide for shipowners. UK…
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Aon launches insurtech consultancy for marine risks
Aon has launched a new marine consultancy service with software firm Skytek that uses real-time satellite data to track insureds’…
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QBE returns to profit in 2018 as rates rise 4.4% in Europe
QBE Insurance Group has turned around net losses of $1.25bn in 2017 to record a profit of $350m in 2018,…
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Specialty insurer StarStone appoints Agile as MGA in Australasia
Lloyd’s coverholder and managing general agent (MGA) Agile Underwriting has been appointed as a representative agent by specialty insurer StarStone…
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P&I clubs hold rates for 2019 renewals
All but one of 13 mutual members of the International Group of P&I Clubs have not applied general rate increases…
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Lack of guidance on 2020 fuel sulphur cap increasing risk of maritime accidents: IUMI
The International Union of Marine Insurance (IUMI) has called for urgent guidance and new rules to help safely implement the…
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TT Club appoints senior underwriter in UK, Benelux and Nordics
Transport and logistics insurer TT Club has named Andrew Peers as senior underwriter for its UK, Benelux and Nordic team.…
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Marsh developing platform to help shipowners better assess suitability of P&I clubs
Marsh is close to developing a platform to help shipowners better analyse data from across the International Group of P&I…