Marine
MAST security training courses receive government approval
The Department of Transport’s Maritime & Coastguard Agency has approved three new training courses from security specialist Maritime Asset Security and Training.
Cannock making his mark at Markel
Less than 12 months after joining Markel from the Lloyd's market, Matthew Cannock was promoted to managing director, Asia.
FP Marine cites costs of claims and poor returns for rising premiums
A director at broker FP Marine Risks based in Hong Kong agrees with Lloyd's broker Tysers that P&I clubs will likely raise shipowners' premiums at a rate on average of 7.5% this year, similar to last year.
C-Suite: Concordia proved insurance works
The recent ‘parbuckling’ (rolling over) of the Costa Concordia was a rare event in the maritime world, as it attracted major global media attention.
Premiums rising for shipowners, according to Tysers
Declining investment income is expected to trigger an average premium rise of 7.5% for shipowners, according to Tysers’ annual report on protection and indemnity clubs.
Tysers report points to premium rises for hard-up shipowners
Declining investment income is expected to trigger an average premium rise of 7.5% for shipowners, according to Tysers’ annual report on protection and indemnity clubs.
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market?
Tokio Marine appoints European head of marine underwriting
Tokio Marine Europe Insurance has promoted Wayne Krause to European head of marine underwriting.
Tokio Marine promotes Krause to European head of marine underwriting
Tokio Marine Europe Insurance has appointed Wayne Krause as European head of marine underwriting.
Costa Concordia set upright
The operation to set the Costa Concordia on its keel has succeeded, after taking all of Monday and most of the night.
Costa Concordia righted
The operation to set the Costa Concordia on its keel has succeeded, after taking all of Monday and most of the night.
H1 post-tax profits jump $10m at Skuld
Norwegian marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.
Skuld sees H1 post-tax profits climb $10m
Marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.
Costa Concordia salvage operation underway
The operation to right the Costa Concordia started at 07.00 GMT this morning, and is expected to take up to 12 hours.
Costa Concordia salvage begins
The operation to right the Costa Concordia is underway today, after beginning at 07.00 GMT.
AIG recruits from Starr for marine loss control manager
AIG has recruited Steve Broderick to serve as its marine loss control manager with immediate effect.
Willis unveils seafarer repatriation policy
Broking giant Willis has launched a new liability policy to cover costs from repatriating stranded seafarers.
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Market Moves: Insurers flood back into recruitment market with raft of key hires and promotions
Insurers swarmed the recruitment space this week, redressing a balance that has seen brokers dominating. The start of September saw a number of new recruits, with appointments rising in both the London and companies market. XL, Markel, First Title and…
MAST offers security product for smaller yachts
Maritime Asset Security and Training has launched a security umbrella service offering Superyacht grade security services, training and systems to the owners of smaller yachts from 16m – 40m.
IUMI Preview: Charting a course
With the sector suffering major losses, long-term sustainability is high on the agenda at this year’s International Union of Marine Insurance conference. Can the market navigate the choppy waters?
Piper Alpha: 25 years on
A quarter of a century on from the Piper Alpha oil platform disaster, how has the industry learnt from the difficulties it faced in the aftermath – and what has been done to stop such a tragedy occurring again?
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market? Katie Marriner finds out.