Marine
Kennedys reports an 8% increase in global turnover
Kennedys has reported an 8% increase in turnover for the financial year 2016/17 of £149.9m (2016: £138.8m).
Law firms collaborate on global network
A group of insurance law firms have joined together to create a formal network to share knowledge and delivering legal expertise and service clients across four continents.
Blog: London needs to get global
To maintain its competitive position, the London insurance market needs to become a truly global hub, write Chris Beazley, CEO of the London Market Group, and Paul Clark, partner at the Boston Consulting Group
BP Marsh saw 12% hike in profits in 2016
BP Marsh saw a 12% hike in profits in 2016, up to £9.8m from £8.7m in the previous year.
McAdams promoted at XL Catlin to global role
XL Catlin UK and Ireland marine leader Rob McAdams has been promoted.
Globe Underwriting enters marine market
UK-based managing general agent, Globe Underwriting, has entered the marine market with the launch of a new marine division.
Beazley to open Birmingham office to tap into regional market
Beazley will open an office in Birmingham with 100 staff to target the intermediated regional market.
NMU declines to comment on rumours of office closures
NMU has declined to comment on rumours that it plans to consolidate its Letchworth, Kent and London offices.
Costa Concordia captain's sentence upheld
The captain of the Costa Concordia, which capsized in 2012 killing 32 people, has had his 16-year jail sentence upheld.
Markel marine underwriter swaps Sweden for Singapore
Markel International Singapore has recruited a marine underwriter from the specialty insurer's office in Stockholm, Sweden.
Aspen Insurance teams up with US Risk on marine
Aspen Insurance will offer marine insurance across the United States through a partnership with the wholesale broker US Risk.
QBE and Proteus to work with Steadfast for marine
Australian broking group Steadfast has signed an agreement with marine underwriting agency Proteus and insurance giant QBE for marine lines.
Nexus reorganises Asia operation
Nexus, one of the largest specialist MGAs in the London market, has revamped its Hong Kong-based Asian operations including the rebrand of its marine team.
Neon launches marine and offshore construction consortium
Neon has launched a marine and offshore construction consortium, underwritten by Mireille Dolonen.
XL Catlin granted Monaco licence
XL Catlin has received regulatory approval to write business in Monaco.
Hong Kong government advisory report laments reinsurance failings
A Hong Kong government advisory group is recommending changes in captive, marine and reinsurance regulations to help turnaround the SAR's Asia hub status.
P&I Clubs face pricing pressure: AM Best
Underwriters in the marine protection and indemnity sector must exercise underwriting discipline as their ship-owning members continue to face economic pressure, AM Best has warned.
LMG adds marine businesses to PPL platform
The London Market Group’s electronic PPL platform has introduced marine classes for trading.
Arnott Marine brings cargo MGA back to market
Arnott Marine has relaunched its cargo managing general agent one year after retrieving the brand from AJ Gallagher.
MS Amlin boosts marine with Phoenix acquisition
Global specialty insurer MS Amlin, is to acquire 100% of the equity of Phoenix Underwriters, a Hong Kong based managing general agent specialising in yachts, super yachts and commercial craft.
Skuld Copenhagen sees leadership change
Krester Krøger Kjær has taken over as head of Skuld Copenhagen, replacing Helle Lehmann.
Hanjin Shipping declared bankrupt
South Korean shipping giant Hanjin Shipping has been declared bankrupt months after creditors lost patience with the debt ridden company.
Aegis Syndicate 1225 posts £56m profit
Aegis London’s Lloyd’s Syndicate 1225 delivered profits of £56m for the year ending 31 December 2016.
Broker Ed names Wakefield marine and energy reinsurance head
London market broker Ed has appointed Andy Wakefield as managing director of marine and energy reinsurance.