Marine
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January 2, 2024
Ryan Specialty to buy London-based MGU Castel from Arch
Ryan Specialty announced late last year that it has agreed to buy Castel Underwriting Agencies, a London-based managing general underwriting…
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January 1, 2024
International Group secures P&I rate reductions for all vessel types
The International Group (IG) of P&I Clubs, which secures liability pooling and reinsurance cover for the 12 P&I Clubs and…
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December 20, 2023
War risk rates spiral as conflict intensifies in Red Sea
The London marine insurance market has widened the area in the Red Sea it deems as high risk after the…
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December 20, 2023
Skuld posts decent nine-month result despite turbulent marine market
Norwegian marine insurer Skuld reported a profit of $69m for the first nine months of the 2023/24 financial year, an…
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December 18, 2023
Supply chain delays as shipping companies pull out of Red Sea trading route
Major shipping companies have suspended operations through a Red Sea strait following the increased threat of attack from Houthi rebels…
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December 14, 2023
New specialty practice launched by Markel
Markel has launched a specialty practice within its international wholesale division, led by Tom Hillier as divisional managing director. In…
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December 12, 2023
New London Market head of marine & energy liability at Sompo International
Stephen Barr has been appointed head of marine & energy liability insurance, London Market. He will be based in London…
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December 12, 2023
Europe’s emissions cap for vessels could cost ship industry ‘billions’
Europe’s extension of the Emissions Trading Scheme (ETS) to the maritime sector could cost the industry billions in compliance when…
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December 8, 2023
Rate hikes drive Maersk to impose surcharge for cargo to Israel
Danish shipping company A P Moller-Maersk will impose an emergency risk surcharge on customers’ cargo to Israel from next year…
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December 1, 2023
Mixed primary market outlook for 2024: Zurich
Zurich has painted a mixed picture for European insurance buyers next year with some areas, such as marine, stabilising, and…
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November 30, 2023
NorthStandard launches ‘first’ marine cover for bad weather delays
P&I club NorthStandard said it has introduced the first ever marine strike and delay cover for adverse weather to protect…
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November 28, 2023
The Swedish Club offers cyber cover to P&I buyers
Protection and indemnity (P&I) mutual The Swedish Club will add cyber insurance to its offering to shipowner members from 1…
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November 23, 2023
Pen Underwriting takes Lloyd’s box for marine growth
UK managing general agent Pen Underwriting has taken a box at Lloyd’s, housing its specialist marine team on the trading…
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November 16, 2023
Middle East conflict threatens supply chains and shipping
Companies need to double down on political risk in their supply chains as conflict in the Middle East threatens to…
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November 16, 2023
Chaucer names Schnorr head of marine & energy
Chaucer has hired Simon Schnorr as head of marine & energy, taking over the role from Kelan Hunt, who will…
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November 15, 2023
Marsh confirms Lloyd’s war risk insurance scheme for Ukraine exports
Lloyd’s underwriters have backed a new insurance scheme set up by Marsh and the Ukrainian government to provide war risk…
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November 13, 2023
QBE expands European marine business with Germany launch
QBE has further expanded its marine underwriting business in Europe by launching in Germany, with more offices set to open…
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November 9, 2023
Marine hull risk managers face prolonged hard market as dark clouds gather
Marine hull insurers are enjoying a healthy period with strong premium growth on the back of a tighter insurance market,…
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November 9, 2023
IUMI reports strong growth in marine insurance on back of tight market
Reduced insurance capacity and higher premiums combined with increased activity and higher asset values delivered significant growth for the global…
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November 8, 2023
New energy transition technology underwriter at Argenta Syndicate Management
Edward Davidson has been promoted to the newly created role of energy transition technology underwriter at Argenta Syndicate Management. Based…