Marine
Lifeboat safety: An international concern
Nearly 16% of merchant mariners' deaths have been caused by incidents involving lifeboats and their launching systems, according to 10 years of data analysed by a safety group. Many seamen have suffered severe injuries of the spine and lower extremities…
Latitude creates P&I data tool
Hong Kong-based marine broker Latitude has created an online tool to compare data of the 13 marine P&I mutuals of the International Group.
Marine cargo MGA launches with backing from Hiscox
A regional cargo market managing general agent has launched in the UK, backed by capacity from Hiscox and Lloyd’s syndicates.
Norwegian Hull Club opens Lime Street office
The Norwegian Hull Club has opened its first underwriting office outside of Norway.
Beazley refocuses portfolio after GWP fall in standard lines
Beazley has seen flat gross written premiums even as it sees declining income from its core lines of marine, property and political risk.
JLT Group reports 'resilient' performance in its interim results
JLT Group has reported a "resilient" performance of its risk and insurance businesses, in its interim results for 2016, despite pricing pressures in multiple markets caused by global economic uncertainty.
Hiscox to ‘shrink’ London Market business in response to rate pressure
Hiscox is “actively reducing” its aviation, marine and energy business in the London Market, in response to severe rate pressure.
LMG adds three new lines to PPL
Three new lines of business will launch on the London Market electronic placing platform PPL on Monday.
Markel enters marine PI market with Galleon deal
Markel International has acquired specialist marine MGA Galleon for an undisclosed sum.
IUMI to open Asia office in Hong Kong
The International Union of Marine Insurance is set to open an Asia office in Hong Kong.
Brit targets US marine market
Brit Limited has appointed Will Frohne and Craig McGinnes to its newly formed Marine business at Brit Global Specialty USA.
Hanjin crisis now a ‘global claims phenomenon’, loss adjusters warn
Loss adjusters have been appointed multi-million pound contracts to recover cargo lost as a result of the Hanjin shipping crisis.
The Hanjin insolvency and its insurance implications for the logistics market
Four weeks into the insolvency of Hanjin Shipping, the movement of billions of dollars of container cargoes on board Hanjin vessels, or stuck in port container yards, remains in limbo while the logistics chain - traders, freight forwarders and carriers -…
Insurers ‘on notice’ after Hanjin shipping collapse
Insurers should be ready for a deluge of claims in the coming weeks as the collapse of Hanjin shipping company leaves cargo stranded at ports or on the high seas, Crawford & Company has warned.
Chubb targets China's marine market
Chubb is now offering insurance for importers, exporters and transport operators working in the Chinese marine market.
Standard Syndicate extends range of cover and appoints new underwriters
The Standard Syndicate 1884 has extended its range of insurance cover and expanded its underwriting team as new appointments and risk covers list high on the company’s agenda.
N&G to provide £30m capacity for Towergate
Navigators & General will provide capacity for up to £30m in premiums from Towergate over the next five years, under a deal signed today.
Insurance market prepared for Insurance Act finds Airmic survey
The Insurance Act has become official today and risk managers are confident insurers and brokers have prepared for the changes, according to research by the Association of Insurance and Risk Managers.
RMS director warns stop the "guessing game" over global port exposure
A report from the global risk management firm RMS on the global ports most exposed to natural catastrophes has some surprising findings.
Atrium to close Singapore office
Atrium Syndicate 609 has decided to stop accepting business on its Lloyd's Singapore platform after eight years in operation.
Digital: Virtual reality
Virtual reality has hit the gaming industry this year and it could find a place in the insurance sector to help with claims and fraud in the future.
Europe: Crewless ships ready to sail
Could crewless ships be docking somewhere near to you anytime soon? It is beginning to look like it.
Nexus makes first overseas acquisition in Hong Kong
Lloyd's MGA Nexus has bought Hong Kong-based marine MGA Beacon Underwriters for an undisclosed sum.
Update: UKP&I and Britannia Clubs terminate merger talks
The boards of the UKP&I and Britannia Clubs have terminated discussions over the potential merger of the two clubs.