Marine
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.
Skuld grows Lloyd's cargo operation
Marine insurer Skuld has bolstered its cargo unit with a new hire and an internal promotion.
Markel swoops for Marketform marine claims boss
Markel has bolstered its marine claims operation with the recruitment of Marketform’s head of marine claims.
Oamps launches fleet product for haulage market
Specialist schemes provider Oamps has launched a new fleet product for the UK haulage market.
Leader: Will the Lutine Bell fall silent?
In the 17th Century, London’s importance as a trade centre led to an increasing demand for insurance, and Edward Lloyd’s coffee house soon became recognised as the place to obtain marine cover.
MAST develops marine framework for unexploded ordnance
Marine security company, Maritime Asset Security and Training, has partnered the construction industry research and information association to develop a risk management framework for unexploded ordnance in the near-shore and offshore environment.
MAST supports UK Marine Framework for unexploded weaponry
Maritime Asset Security and Training is helping the Construction Industry Research and Information Association to develop a risk management framework for dealing with Unexploded Ordnance in the near-shore and offshore environment.
Motor rates up 2% in Q2 as niche market outpaces standard classes
The non-life insurance market was flat overall last month as rising rates in property, motor and US casualty lines offset rate reductions in reinsurance, according to a Hampden report.
Chaucer swoops for Travelers marine specialist
Lloyd’s specialist insurer Chaucer has recruited Travelers’ senior UK marine underwriter.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.
UK marine mutuals in merger talks
The North of England P&I Association and Sunderland Marine Mutual Insurance have confirmed they are in talks over a possible merger.
LMA to join government maritime security committee
The Lloyd’s Market Association has been invited to join a new government committee monitoring security at UK ports and harbours.
Costa Concordia removal to cost $1.1bn says Munich Re
The loss for the stricken ship Costa Concordia continues to grow with Munich Re revealing removal costs for the wreck are likely to exceed $1.1bn.
Concordia wreck removal to cost $1.1bn says Munich Re
The loss creep for the stricken ship Costa Concordia continues with Munich Re revealing that removal costs for the wreck are likely to exceed $1.1bn.
Tysers adds super yacht specialist to marine division
Lloyd’s broker Tysers has appointed super yacht specialist John Strange to join the firm’s marine division.
Kearney appointed to Miller’s marine team
Miller has recruited global cargo specialist Jamie Kearney to its marine team.
Jamie Kearney joins Miller’s marine team
Miller has recruited global cargo specialist Jamie Kearney to its marine team in a production and account handling role.
Lancashire delivers 58.8% H1 COR
Bermudian insurer and reinsurer Lancashire has reported a combined ratio of 58.8% for the first half of the year, and 66.9% for Q2.
Marsh and AGCS launch claim promise
March and Allianz Global Corporate & Specialty have committed to provide rapid access to working funds for the joint clients in the event of a major claim.
Skuld strengthens claims service with Hovelsrud appointment
Marine insurer Skuld has appointed Anders Hovelsrud as vice-president.