Marine
Markel hires ex-RSA marine underwriter Cannock
Markel International has appointed Matthew Cannock, pictured, as marine underwriter for its Singapore office.
Markel appoints Cannock as marine underwriter for Asia-Pacific
Markel International has appointed Matthew Cannock as marine underwriter in its Singapore office.
Charles Taylor revenue strong and steady at £53m despite 'subdued' claims environment
Insurance business Charles Taylor Company delivered a stable performance during the first half of the year, with a flat revenue of £53m (2011:£49.3m), thought to be due in part to a series of one-off charges and a "subdued" energy claims environment.
Iran offers fully insured ships to would-be crude buyers
The National Iranian Oil Company has offered India the use of fully insured Iranian vessels to use when importing Iranian oil, according to reports.
Supply chain problems and insurer solutions
There is a common belief that supply chain claims are linked most often to natural disasters, but research shows that this is not true. Jacqueline Legrand explains why highlighting this myth to customers can go a long way to mitigate against the real…
Pinsent Masons partner joins Plexus Law
A partner at Pinsent Masons has left the firm after 20 years to join the professional indemnity team of insurance law specialist Plexus Law.
Chaucer appoints new cargo class underwriter
Specialist Lloyd’s insurer Chaucer has appointed Geoff Wilkinson, pictured, to cargo class underwriter in the marine division of Chaucer Syndicate 1084.
Indian insurers set to agree $50m of cover for Iranian oil ships
Indian insurance companies look likely to agree to $50m cover per voyage with Iranian crude oil on risk for collision and spills.
Markel International returns to underwriting profitability and COR of 84%
Markel Corporation has reported gross written premiums of $514m for the six months ended 30 June 2012, compared with $483m for the first half of 2011, and a combined ratio of 93% for the six months compared with 107% for the same period in 2011.
South Korea poised to resume loading Iranian crude
South Korea and the National Iranian Tanker Company are rumoured to be close to a deal that could see the Asian nation resume the loading of Iranian crude before the end of September.
Top five European news stories
The top five European stories from www.insuranceinsight.com over the past seven days.
Marine market favourable for buyers despite losses
Conditions in the marine insurance market remain generally favourable to buyers, despite a series of natural catastrophes and other significant losses since the beginning of 2011, according to a report from Marsh.
US tightens economic sanctions against Iran
The US Congress has passed a new package of economic sanctions against Iran, Reuters reported.
Q&A with DAC Beachcroft's Steven Dewhurst
DAC Beachcroft appointed Steven Dewhurst as an insurance partner in its Singapore offices in January with the aim of expanding its international network. Francesca Nyman spoke to him six months into the role to find out about the issues affecting the…
EC drops anti-trust probe into marine insurance agreements
An anti-trust inquiry by the European Union into marine insurance agreements among groups of ship owners has been dropped owing to a lack of conclusive evidence.
India's government U-turns on tanker exemption
The Indian government has said that permission for Indian tankers carrying Iranian crude will be given on a case-by-case basis, a shift in position from the general exemption declared previously.
UK flood loss offsets growth for RSA
RSA has reported a 4% rise in net written premium to £4.3bn, at constant exchange (2% as reported), and a combined operating ratio of 95.2% (H1 2011: 93.2%).
Willis opens super-yacht office in Barcelona
Willis Group Holdings is opening a new super-yacht insurance broking office at the prestigious MB92 shipyard in Barcelona.
Willis opens Spanish super-yacht broker
Willis Group Holdings has outlined plans to open a super-yacht insurance broking office in Barcelona.
Iran expands tanker insurance in face of sanctions
Iran has promised to insure shipments of its oil to include Iranian and foreign tankers in the latest bid to circumvent insurance sanctions, AFP reported on Saturday.
Ince & Co opens office in Beijing
Ince & Co expands Greater China capability with new office in Beijing.
Lancashire reports hike in profit to $102.6m
Lancashire has reported a 35.5% increase in gross written premium to $514.8m in the first half of the year, compared with $379.8m in the same period in 2011, reporting growth across three of its four main classes of business.
Talanx subsidiary HDI-Gerling Industrie opens in Bahrain
Talanx subsidiary HDI-Gerling Industrie Versicherung AG is opening a branch in Bahrain.
Iranian crude finds Asian buyers despite insurance sanctions
Iran is still shipping oil to China, and Japan looks likely to resume imports in August, as Iran continues to circumvent Western sanctions on ship insurance, Reuters reported.