Marine
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Marine premiums fall, volatility increases
Marine insurers face increased volatility going forward as falling premiums combine with a growing number of high value vessels, risk…
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Insurers must support energy clients through tough market says risk manager
A risk manager at a leading oil and gas drilling company has called on insurers to stand by their clients…
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London market under pressure to stand firm on rates
Risk managers can expect a less generous underwriting approach to key specialty lines such as casualty, cargo, offshore energy and…
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Corporate roundup
Captive manager USA Group becomes latest WBN associate member, The Standard Syndicate adds new lines and senior underwriters, Beazley doubles…
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Global piracy hits 21-year low
Global piracy fell to a 21-year low in the first half of 2016, driven by a reduction of activity in…
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Brexit could reinvigorate UK maritime industry
Brexit represents an "unprecedented" opportunity to lobby government to make the UK a more attractive home for the shipping industry…
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Planning reduces kidnap cost
The total number of kidnaps for ransom during 2016 in the Gulf of Guinea has already surpassed the total number…
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Companies ill-prepared for Black Swan port events: Marsh
Companies are failing to adequately prepare for port closures caused by "black swan" risks like terrorism and cyber that can…
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Corporate round-up
UK and Britannia P&I clubs terminate merger discussions, De la Morinerie turns up at Aquila Underwriting as it establishes new…
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P&I club results aided by exceptionally low claims
A number of marine mutual insurers have reported good results on the back of benign claims, with some experiencing their…
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Corporate round-up
Travelers and Novae join Lloyd's Construction Consortium to expand cover, Marsh's George Davies to move to executive search firm Eliot…
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Figures show Asian piracy in decline but no room for complaceny warns ReCAAP
Reported piracy and armed robbery attacks against Asian shipping plummeted in the first quarter of 2016 against the first quarter…
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Dangers off west Africa but global piracy falls in Q1
There has been a downturn in global piracy during the first quarter of this year but violent attacks off the…
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Asian shipping companies face concern from insurers over safety
Out dated standards, economic pressures and the emergence of new cyber exposures are threatening to scupper any advancement in shipping…
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Shipping safety record improves again but economics placing risk management under strain: AGCS
The shipping industry’s improved safety record continued last year with the fewest large losses in more than a decade, according…
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Shipping safety record continues to improve: AGCS
The shipping industry's improved safety record continued last year with the fewest large losses in over a decade, according to…
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Corporate round-up
Generali hires new French head from Allianz, Willis Towers Watson names CEEMEA region leader, AGCS appoints Andrews Whitehouse head of…
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Corporate round-up
Marsh appoints former GCHQ man to advise on cyber, Norwegian Hull Club opens first London office, Chubb Global Markets appoints…
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P&I clubs must focus on underwriting discipline in challenging market: AM Best
Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested during the February 2016 renewal period, according…
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Corporate round-up
Chubb Global Markets names marine leaders, Travelers Europe appoints Aaron Devitt as COO and Liberty appoints new CUO of specialty…