Marine
Markel adds to hull and war team
Markel International has appointed Daniel McCarthy as an underwriter within its Hull and War team.
Canopius delivers profit of £55m for 2009
Canopius Group, the privately-owned Lloyd’s insurance underwriting business, has reported profit before tax of £55m up from £43m in 2008 and profit before tax excluding foreign exchange on non-monetary items of £74m.
LIU Europe expands into Birmingham
Liberty International Underwriters Europe has expanded its regional operation into Birmingham with the appointment of Dave Canning as regional senior underwriter.
RSA swoops for marine business
RSA's Danish subsidiary Codan Forsikring A/S has acquired the renewal rights to TrygVesta's marine hull portfolio for DKK 50m (£6m) in cash.
RSA swoops for marine business
RSA's Danish subsidiary Codan Forsikring A/S has acquired the renewal rights to TrygVesta's marine hull portfolio for DKK 50m (£6m) in cash.
Hardy sees profits rocket before exchange
Bermuda-domiciled insurer Hardy has reported a steep increase in profit before tax and foreign exchange movements of £26.7m (2008: £4.4m), in contrast to a slight dip in profit before tax of £20.1m (2008: £23.1m). The combined ratio before foreign…
QBE restructures European business
With immediate effect, QBE will operate four product underwriting divisions: casualty & motor; property; marine & energy; and reinsurance & specialist.
Argo moves into marine cargo
Argo has added marine cargo to its portfolio appointing Nick Derrick from Chubb Insurance as class underwriter to lead the new business.
Ascot appoints liability boss
Paul Simpson has 12 years experience in the insurance industry, most recently at Catlin where he was responsible for the marine liability account.
Zurich raids Allianz for marine underwriters
Zurich has appointed Rod O’Malley and John Gibson from Allianz as senior market underwriters in its marine cargo team.
Zurich names first global head of marine claims
Zurich has appointed Steve Gillen as its first global head of marine claims.
Piracy and Iran sanctions among challenges for marine insurers in 2010
Increased ransoms demanded by pirates and UN/US sanctions imposed on Iran were two potential areas for concern highlighted at a meeting of the International Union of Marine Insurance (IUMI) body on Tuesday.
Markel adds to marine and energy division
Former Catlin man joins team
Willis the lead broker for $7m ransom supertanker
Willis is the lead broker for the Greek tanker released by Somali pirates after record $7m ransom paid. Small shares of the business also broked by Marsh and Aon.
Greek supertanker released by pirates for record $7m ransom
The Greek flagged supertanker, VLCC Maran Centaurus, is a third of a kilometer long and was carrying two million barrels of crude oil.
Ship owners face P&I premium increases
Outlook for medium term “cautiously positive”, according to Aon
Ace subsidiary combines marine units
Ace USA has combined its commercial marine and inland marine business units
JLT urges ship owners to prepare for piracy
Broker issues white paper on piracy risks
Unruly waters
The Gulf of Aden has been plagued by pirate activity, with more than 240 attacks in 2009. But Andrew Moulton reveals how cargo providers and insurers are fighting back in a bid to reclaim the seas.
Former Benfield Corporate Risks founder leaving Aon
John Lapsley is moving on on after a year of integrating the Benfield Corporate Risks into Aon
CNA Europe opens new Manchester office
Insurer relocates to accommodate growth
Liberty appoints head of marine underwriting for France
Hautefeuille to head new marine underwriting department for Liberty International Underwriters in France
UN Security Council considers (re)insurance ban on Iran
The UN Security Council is considering imposing sanctions on Iran including a ban on (re)insurance for Iranian tankers – WSJ
P&I clubs rates up 5%
P&I clubs say rates up 5% on average