Marine
MS Amlin to withdraw from nine lines of business
MS Amlin is to withdraw from nine lines of business that “no longer form part of its future strategic direction” as part of a wider restructure following an underwriting review.
AIG's Anthony Baldwin on the evolution of the London market
2019 has been a year of changes in the London Market. The Decile 10 review at Lloyd’s in 2018 was the most high-profile example of insurance businesses reviewing their operations
Remedying Risks: Managing cyber risks in marine
Seizure of oil tankers hits headlines but Royston Ford, head of marine and specialty at RSA Risk Consulting, believes the likelihood of cyber attacks occurring are low and can easily be guarded against.
Hiscox floats seized ship cover as Iran Gulf tensions threaten premiums
Hiscox has developed a product designed to protect shipping targeted by nation states amid warnings that escalating tensions between Iran and the UK and its allies could lead to higher insurance premiums.
Interview: Paul Greensmith, Axa XL
Having been through one merger already Axa XL’s UK CEO Paul Greensmith, took the most recent change in his stride. But he explains to Jen Frost that, even though his part of the business is now part of the behemoth Axa, it will retain its agility,…
Axa XL's Paul Greensmith and Axa UK's Jon Walker on transforming logistics with IoT
With the Internet of Things transforming logistics, Paul Greensmith, CEO of UK Legal Entities at Axa XL, and Jon Walker, executive managing director commercial intermediary at Axa UK, explain how the insurance industry can use the wealth of data produced…
Spotlight on: Beazley's Birmingham office
Exclusive: Beazley opened its Birmingham office as part of a strategy to diversify away from its core US business. Fourteen months later, the office is likely to be held up as a model for the company's further expansion plans.
Lloyd's outlines recovery plan for 2019
Lloyd’s syndicates will continue to face a rigorous performance management regime, as the market seeks to boost its profitability.
Roundtable: Modernisation in the London market
Post, in association with WNS, held a roundtable with London market leaders, to discuss whether Lloyd’s modernisation is gaining momentum, and what the state of play is for the technology drive
I work in insurance: Stephanie Horton, River Canal Rescue
After buying her own boat, Stephanie Horton, managing director of River Canal Rescue realised not everyone has the expertise to fix their vessels so now she comes to the aid of those in trouble on the water
RSA pulls out of three London market lines
RSA is withdrawing from three of its business lines as part of a restructure of its specialty and wholesale business.
Barbican syndicate takes ‘hard decision’ to withdraw from multiple lines
Barbican’s syndicate will withdraw from property, marine cargo and hull, and professional indemnity insurance.
Miller acquires fellow Lloyd's broker Alston Gayler
Miller Insurance Services has reached an agreement to acquire marine and specialty broker, Alston Gayler and Co, for an undisclosed amount.
Standard Club to leave Lloyd's next year
Mutual protection and indemnity club, The Standard Club, will withdraw from underwriting at Lloyd’s in 2019.
Ex-Validus director of strategy John Hendrickson appointed Starstone CEO
Global specialty insurer, Starstone have announced that they have appointed John Hendrickson as group CEO.
IUA reports London company market growth of 16%, largest seen for five years
The total premium either written or controlled by the London company market has risen to £26.31bn – a 16% increase – according to the International Underwriting Authority's new statistics report.
Marine mutuals The Strike Club and The Standard Club to merge
Marine delay insurer, The Strike Club, has announced plans to merge with fellow mutual marine insurer The Standard Club group.
Top 30 European insurers 2018: A year of steady growth for insurers
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best
US sanctions a threat to Lloyd’s Iranian business
The return of US sanctions on Iran are likely to prevent the use of a Lloyd's IT platform for any Iranian insurance business, the markets chairman has said.
This month in Post: Prizes, proposals and pledges
This month began with a bang as the annual British Insurance Awards highlighted the talent in the sector in 1950s style, with industry stalwart John O’Roarke being handed the Achievement Award.
Neon launches Copenhagen-based marine business
Neon has launched Orca Insurance Agency, a Lloyd’s approved coverholder which will underwrite Nordic marine business on behalf of Neon Syndicate 2468.
Risk management: Analysis: Cargo theft on the rise
International cargo theft has a huge impact on the frequency and severity of insurance claims and the problem is increasing.
Week in Post: How much are your limbs worth?
One of the highlights of the World Cup so far was watching Portuguese defender Pepe collapse in agony after receiving a pat on the back from Moroccan player Mehdi Benatia. But when you see how much footballers insure their body parts for, it isn’t really…
Analysis: Making waves: Can AI help the crisis in marine?
Outdated static rating factors and underwriting losses mean the marine market is ripe for disruption. Technology, including, blockchain is set to shake up the sector.