Marine
UK claims service hits new record high
Six out of eight general insurance business lines showed improvement when it comes to claims service in the second quarter, with only energy and marine declining, the latest data from Gracechurch revealed.
How insurers are navigating a stormy yacht market
From superyachts to mid-tier pleasure craft, Tom Luckham explores what's driving the yacht insurance market, and whether better tech, data and underwriting is keeping pace with risk.
Markel takes Allianz’s Nguyen for MD for specialty
Markel has named Doan Nguyen as managing director, specialty for its London Market operation, effective immediately.
Tokio Marine HCC targets data centres for growth
Tokio Marine HCC is looking to grow its position in the burgeoning data centre insurance market, as the specialty insurer's energy transition product line continues to gain traction.
Beazley underwriter’s charity ride; Consilium’s cyber partnership; Canopius’ COO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Open GI x Covéa; Aviva’s cyber cover; PIB’s CFO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Allianz’s MGA; Policy Expert’s capacity; Clear’s CCO
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Why insurance needs to lead the green steel transition
View from the Top: Ben Kinder, chief underwriting officer at Tokio Marine GX, argues steel’s green transition is being held back by insurers being brought in too late into the picture.
Lloyd’s Tiernan recalls having ‘ear chewed’ by Washington
Lloyd’s of London CEO Patrick Tiernan has said he had his “ear chewed out” in a call with Washington over the insurance situation in the Strait of Hormuz.
Lloyd’s, Hiscox and LMA CEOs address Trump’s confusion
Confusion over insurance terminology may have contributed to Donald Trump’s belief that a lack of cover was preventing ships from operating in the region, according to the sector’s senior leaders.
Morrisons’ pet insurance; Clear Group’s launch; Gauntlet’s MD
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Chubb leads consortium for Hormuz shipping cover
Chubb has launched a Lloyd’s market consortium to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz.
US-Iran deal reopens Strait but shipping risks remain
Marine insurers have welcomed the reopening of the Strait of Hormuz under the US-Iran peace deal signed today (18 June), but warned significant operational, security and regulatory challenges remain.
Lloyd’s targeted with eco-protest mural
A giant mural was painted outside Lloyd’s of London this morning as activists demanded that insurers make the Coral Triangle a no-go zone.
Convex’s MGA; Instanda’s launch; Aon’s claims officer
Friday Round-Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Tokio Marine could deploy $10bn in M&A over next 18 months
Brad Irick, managing executive officer and co-head of international business at Tokio Marine Holdings, has said the business can deploy $10bn (£7.4bn) in M&A transactions over the next 18 months.
Markel restructures UK business ‘to facilitate growth’
Markel UK has named divisional director of broker, Jo Sykes, as divisional director for commercial lines as part of a restructure of its services division, Insurance Post can reveal.
Regulator interest gives MGAs ‘competitive advantage’
Heightened regulatory interest in the MGA sector could actually help the sector grow, according to Pen Underwriting CEO Tom Downey.
Neil Gibson, Sedgwick
Neil Gibson’s career as a loss adjuster began back in 1989 and his sphere of influence expanded significantly at the start of this year when he became regional CEO for UK, Ireland, Middle East & Africa.
How the war with Iran will rip through insurers’ balance sheets
Editor’s View: From soaring claims inflation and disrupted supply chains to cyber threats, travel chaos and potential power outages, Emma Ann Hughes outlines how the Iran conflict could reshape underwriting, pricing and profitability for years to come.
Aviva hires 15 regional specialty underwriters
Aviva has hired 15 new regional specialty underwriters in a move it says will give brokers faster access to local knowledge and specialist expertise.