Marine
Lloyd's presence adds 50% to Lancashire GWP in Q1 as new CEO steps up
Lancashire Holdings recorded a combined operating ratio of 66.4% in the first quarter of 2014 (Q1 2013: 51.2%) as no major losses were added to a late reported energy claim that adversely impacted the firm’s full year results.
The Linked In Debate - ghost vessels
by Rachael Adasms
Europe: Ghost vessels
With the Russian cruise vessel M/V Orlova adrift in the Atlantic, the insurance implications of 'ghost vessels' are front of mind
At least $100m of cover for passengers of stricken South Korea vessel
Post understands international broker Willis helps place reinsurance covering members of the Korean Shipping Association of which the owners of the stricken Sewol is a member.
Rajan joins Miller from Marsh in marine role
Govinda Rajan has joined Miller's Singapore office in a South-East Asia marine hull business production role.
Ferry sinks off South Korea leaving 280 missing
Nine people have been confirmed dead and at least 280 remain missing after a ferry carrying 459 people capsized and sank off the coast of South Korea on Wednesday morning.
South Korea ferry sinks
A large car and passenger ferry has sunk off the coast of South Korea after it reportedly hit rocks this morning.
Willis launches cargo facility product
Willis has launched a product to protect cargo against all types of political violence, terrorism and war risks.
Hansen elevated to Skuld CEO
Ståle Hansen is to take over as chief executive of Skuld from 1 February 2015.
Aon pair jump ship to join Miller marine team
Miller has appointed Heather Clarkson and Rick Kerr in a bid to bolster its marine hull business production, broking and account handling capabilities.
Navigator & General launch on-line quote and buy facility
Zurich-owned boat insurer Navigators and General have launched an on-line quote and buy facility for small craft and sailing dinghies.
Shipping losses down 20% in 2013
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, dipping below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty.
Allianz strengthens marine team with senior underwriter appointment
Allianz Global Corporate & Specialty has appointed Simon Hudson as senior marine liability underwriter.
Cooper Gay rebrands and strengthens marine division in Asia
Cooper Gay has rebranded its marine insurance business in Asia as Latitude Brokers and appointed three brokers to the team.
UK P&I increases renewal premiums 7%
The UK P&I Club has announced boosted figures following the close of renewals for 2012, witnessing a 7% estimated increase of renewal premium.
Skuld records 13% premium growth following P&I renewals
Skuld has achieved 13% premium growth following protection and indemnity renewals completed yesterday.
ANV eyes Lloyd’s expansion as it diversifies from marine business
ANV is looking to grow its presence in the Lloyd’s market and is actively engaged in acquisition talks, chief executive Matt Fairfield has told Post.
Airmic welcomes commercial insurance law changes
Proposed changes to the law governing commercial insurance will give risk manages greater confidence in the products offered by the London Market, according to Airmic chief executive John Hurrell.
Law Commission proposals should not 'strike fear' into insurers
Insurers have little to fear from proposals to reform the law governing commercial insurance according to DAC Beachcroft partner Nick Young.
North England P&I to merge with Sunderland Marine Mutual
North of England P&I and Sunderland Marine Mutual Insurance look set to create a P&I giant after members agreed to merge.
FCA issues warning on clone firm LGS Commerce Insurance
The Financial Conduct Authority has issued a warning on a clone insurer using the details of marine underwriter Sunderland Marine Mutual Insurance Company.
Marketform recruits Franks to boost cargo business
Lloyd’s specialist underwriter Marketform has recruited Howard Franks as a consultant to work with cargo underwriter Nicholas Edwards.
London P&I Club issues warning over cargo liquefaction
The London P&I Club has said the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight on the problem of cargo liquefaction.
Ace hires head of marine insurance for Asia-Pacific
Ace Group has appointed Anthony O’Brien as its head of marine insurance, Asia-Pacific.