Marine
Argo looks to Aon for marine claims manager
Argo International has appointed Aon’s former marine claims director as its new marine claims manager with immediate effect.
Lonmar names marine division director
Lonmar Global Risks has appointed Ian Balchin division director of marine.
Reinsurance: Superstorm in a teacup?
While destruction wreaked by Superstorm Sandy hasn’t hit the reinsurance sector as hard as might be expected, the market faces challenges in the shape of overcapitalisation and PPOs.
Aspen launches ‘plain English’ goods-in-trade policy
Aspen Risk Management has launched a worldwide goods-in-transit policy, which it claims has been written in ‘plain English’.
Escort service sails through troubled waters
Typhon has launched a marine convoy escort service designed to enable ship operators to transit the Gulf of Aden, Arabian Sea and Indian Ocean in safety.
Costa Concordia one year on: Sea change
A year after the Costa Concordia disaster the insurance market is still picking up the pieces, but what will be the long-term impact?
Loophole allows Iran to charter India-insured vessel
The National Iranian Tanker Company has chartered a vessel covered by India's state-owned insurers, taking advantage of a loophole in the policy.
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Ace recruits European marine manager from Dutch insurer Achmea
Ace has swooped for a new marine manager responsible for continental Europe, including central and eastern Europe, in the form of Benoît Chasseguet.
Ace hires Achmea's P&C manager
Ace Group has hired Benoît Chasseguet as marine manager for Continental Europe, including the Central and Eastern European region.
Allianz report highlights year-over-year rise in ship losses
Twelve months on from the Costa Concordia incident, a new Allianz report shows that 106 ship losses were reported worldwide in the year to 25 November 2012.
Human error remains 'core challenge' in bid to reduce maritime losses
An Allianz report into annual ship losses has identified human error as the "core challenge" in reducing annual maritime losses, which last year increased to 106 from 91 in 2011.
Superstorm Sandy puts downwards pricing pressure on reinsurers
Natural catastrophe losses for 2012 are estimated to be 50% less than 2011's $120bn, and most reinsurers are not facing any material capital impact and remain within annual catastrophe budgets.
Crawford expands commercial workforce with 16 hires
Crawford Global Technical Services UK has boosted its aviation division with six new hires.
Insurers face most challenging P&I renewals in a decade, Willis warns
The upcoming P&I renewal could be the toughest in a decade as difficult economic conditions for ship operators, poor underwriting results and a slew of large claims threaten to create a "perfect storm", according to Willis.
Skuld expands in Asia with Singapore hub
Skuld is opening a branch office in Singapore to capitalise on "significant growth opportunities across the region".
Beazley launches Gulf of Guinea piracy cover
Beazley has launched a piracy policy specifically for ship owners with vessels operating in the Gulf of Guinea, in response to a growing number of incidents in the region.
Skuld posts underwriting deficit after rise in pool claims
Norwegian marine insurer Skuld posted a third-quarter bottom line deficit of $2.9m today following record claims costs from the international group's pooling system.
Skuld claims costs soar as a result of international pooling system
Marine insurance provider Skuld chalked up record high claims costs from the international group's pooling system, leading to a bottom line deficit of $2.9m (£1.8m) with corresponding contingency reserves of $288m (£178.9m).
Mitsui hires marine liability underwriter
Mitsui Sumitomo at Lloyd’s has hired David Carr as a class underwriter in its marine liability division.
Mitsui Sumitomo appoints class underwriter
Mitsui Sumitomo at Lloyd’s is aiming to grow its marine liability underwriting book following the appointment of Darren Carr as class underwriter.
Skuld launches dedicated superyacht insurance product
Marine insurers Skuld has formed Skuld\Yacht dedicated exclusively to the protection and indemnity needs of superyacht owners.
Skuld bosses to lead new superyacht insurance service
Marine insurer Skuld has formed Skuld\Yacht, a new service dedicated exclusively to the protection and indemnity needs of superyacht owners.
Sart poaches marine underwriter from Ace HK
Sart Underwriting, a Lloyd's coverholder based in Hong Kong, has hired Larry Kwok as chief marine underwriter.