Marine
Specialty markets’ significantly contribute to Axa Corporate Solutions global turnover
Axa Corporate Solutions’ specialty markets in 2010 contributed approximately one-third of the company’s global turnover of €1.931bn, with marine business amounting to 23%, and aviation and space to 10%.
Post history - 30 years ago: Loss adjuster heads to Indonesia
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Shipping body softens stance on private anti-pirate armies
The International Union of Marine Insurance has welcomed the announcement by the International Chamber of Shipping that it is now taking a more neutral position on the use of private armed security personnel on board ships to protect them from pirates.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
Mobile technology - Brokers: How can technology benefit the way brokers do business
With more advanced smartphones and tablet computers, Rachel Gordon asks if mobile technology is merely the latest passing fad, or the shape of the future for the broking community.
Chaucer completes coverholder partnership with CMS
Chaucer has completed a new coverholder partnership with Coastal Marine Services to underwrite hull and machinery and protection and indemnity risks.
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
Post history - 30 years ago: Missing cargo ship claim settled
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Antares names new marine account boss
Specialist Lloyd’s insurer Antares has promoted John Potter to the role of marine hull, energy and liability account manager.
Lloyd's insurer Amlin to acquire underwriting agency Lead Yacht
Amlin has entered into an agreement to acquire Lead Yacht Underwriters from members of its board of directors. The transaction remains subject to the approval of the change of control by the Financial Services Authority.
RBS Insurance targets direct HNW market with ‘Select’ launch
Royal Bank of Scotland Insurance has launched into the mid and high-net-worth spaces with a single product/ multi-cover offering, which it plans to sell both direct in-house and through affinity partners.
IMD: hostage-taking at sea reaches record high
According to recent statistics, more people were taken hostage at sea in 2010 than in any year on record.
Postscript - 50 years ago: Case for loss over foundering
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Bluefin appoints new underwriting head from Zurich
Bluefin Insurance Services has appointed Matthew Whitworth as head of marine within its underwriting department.
Mitsui unveils a series of new recruits
Mitsui Sumitomo at Lloyd’s has announced a string of new appointments to strengthen its underwriting team.
Willis: 2011 reinsurance renewals 5-10% lower than 12 months ago
Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the 1 January 2011 reinsurance renewals averaging between 5% and 10%.
Markel appoints terrorism underwriter
Markel International has named Edward Winter as a terrorism underwriter in its marine and energy division.
Shipowners’ Club adds two to Vancouver office
The Shipowners’ P&I Club has transferred two of its London-based staff to its new office in Vancouver.
Zurich reorganises UK operations
Both the Zurich Private Clients and Navigators & General businesses are to be rolled into the insurer's new-look personal lines division, following a restructure of the UK general insurance operation.
Aon duo joins Marsh's Oslo base
Marsh has boosted its Norwegian energy practice through the appointment of two brokers to its Oslo-based team.
Aon duo joins Marsh's Oslo base
Marsh has boosted its Norwegian energy practice through the appointment of two brokers to its Oslo-based team.
P&I faces challenging market in 2011, Willis warns
While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…
Versteege and Leclercq launch new firm
As from 1 January 2011 Sander Versteege and Nicolas Leclercq will commence their own company, Versteege & Leclercq claims services in Amsterdam.
Postscript - 50 years ago: Legal & General confirms buy
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50-years ago reveals.