Marine
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October 12, 2022
Liberty brings ‘much-needed’ fresh capacity to cargo market
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance’s Global Risk Solutions division, has launched a new Lloyd’s facility for…
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October 11, 2022
North and Standard P&I merger on track
North and Standard P&I Clubs have received approvals from competition and regulatory authorities in a “major step” forward in their…
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October 11, 2022
Skuld explains risk and insurance implications of latest EU sanctions on Russia
Oslo-based protection and indemnity club Skuld has published new guidance for members that explains the key risk and insurance implications…
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October 10, 2022
RMS says $67bn best estimate for hurricane Ian losses
Insured losses from hurricane Ian will sit between $53bn and $74bn, according to the latest estimate from RMS, with a…
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October 6, 2022
Ardonagh accelerates European growth plan
Fast-growing UK-based broking firm Ardonagh has announced the acquisition of Lloyd’s broker Oxford Insurance Group only days after it completed…
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October 5, 2022
Howden adds marine broker to French operations
International insurance broker Howden has acquired the last remaining independent marine broker in France, Seasecure Group, as it continuous European…
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September 21, 2022
Berkshire Hathaway Specialty launches range of new policies in Spain
Berkshire Hathaway Specialty Insurance (BHSI) has introduced a range of new proprietary policy wordings in Spain. The new policies include…
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September 20, 2022
Marine market premiums and profitability grew in 2021 but tougher times ahead, says IUMI
Global marine insurance premiums increased by 6.4% in 2021, with strong growth in Europe and Asia, but tougher times are…
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September 5, 2022
Standard Club warns offshore renewable risks not covered by P&I pool
The Standard Club has warned ship operators entering the fast-growing offshore renewable energy sector that they may be exposed to…
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September 2, 2022
Hong Kong general insurers see surge in underwriting profit for first half
The Hong Kong general insurance industry saw a surge in underwriting profit from $794m to $2,545m for the first half…
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September 1, 2022
Korean non-life insurance market to see moderate growth, says Korean Re
The Korean non-life insurance market is expected to grow by 4.6% to KRW112.6trn in 2022, according to a report released…
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September 1, 2022
Söderberg & Partners launches specialty operation to serve global clients
Söderberg & Partners has launched a new specialty brokerage operation to help large, global companies manage their complex risk profiles.…
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August 31, 2022
Market report: Hard market in India but liberalisation continues
The Indian insurance market is facing similar issues to other global insurance markets with rates still hardening and terms and…
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August 31, 2022
AGCS calls for more focus on loss prevention to deal with lithium-ion marine fire risk
Allianz Global Corporate & Specialty (AGCS) is urging shipowners to step up loss prevention efforts to cope with the rising…
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August 23, 2022
Ascot and Marsh arrange cover for first insured under Ukrainian grain insurance scheme
Specialty insurer Ascot and broker Marsh have placed the first insurance cover under the new Ukrainian grain insurance facility set…
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August 22, 2022
Marsh, AIG and Liberty collaborate on hydrogen energy cover to support sector growth
Broker Marsh has launched the world’s first insurance and reinsurance capacity for hydrogen energy risks, alongside insurers Liberty Specialty Markets…
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August 17, 2022
Beazley’s Smart Tracker offers hope of a more efficient market
There has been much talk in recent times of how insurtech will revolutionise the insurance market by enabling more accurate…
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August 10, 2022
Mitsui Sumitomo buys hybrid fronting company Transverse to boost US expansion
Mitsui Sumitomo is buying US-based hybrid fronting company Transverse to build its presence in the US market. Terms of the…
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August 1, 2022
Ascot and Marsh launch cover for Ukraine grain and food exports through Black Sea
Lloyd’s of London insurer Ascot and Marsh have launched a marine cargo and war facility to provide cover for grain…
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July 28, 2022
Capacity growing in London market but underwriters maintaining discipline, says Miller
Increased risk capital is being deployed by both existing and new underwriting businesses in the London market, according to Miller’s…