Marine
UIB hires associate director for its marine arm
United Insurance Brokers has appointed Spencer Crane as associate director to its Marine Division.
Steve Gordon joins Henderson as marine director
Marine specialist Steve Gordon has been appointed as associate director by Henderson Insurance Brokers.
Scor sees 48% growth in Asian treaty business at January renewals
During the January renewals, Scor Global P&C has reported a 9% increase in gross written premiums (to Euro 2.507bn) with an expected 1.3% improvement in technical profitability for total contracts renewed and a price rise of 1.9% net of general inflation.
Beazley CEO downplays M&A interest amid plans for repeat of 2012
Beazley chief executive Andrew Horton has played down the likelihood of acquisitive movement at the specialist insurer in 2013 and is instead aiming for a repeat of the previous year in terms of growth.
Kiln strengthens underwriting teams in Singapore and Hong Kong
As Lloyd's insurer Kiln grows in Asia, it has appointed two senior underwriters in Hong Kong and Singapore for marine and aviation.
Hyperion agrees deal to take 55% stake in Hong Kong marine broker FP Group
Hyperion Insurance Group has agreed a deal to take a 55% stake in the Hong Kong-headquartered specialist marine broking firm, FP Group.
Hyperion agrees deal to take 55% stake in Hong Kong marine broker FP Group
Hyperion Insurance Group has agreed a deal to take a 55% stake in the Hong Kong-headquartered specialist marine broking firm, FP Group.
Lonmar hires Balchin to grow international marine account
Independent Lloyd’s broker Lonmar Global Risks has appointed marine cargo specialist Ian Balchin to help develop its international cargo account.
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".