Marine
Standard Syndicate extends range of cover and appoints new underwriters
The Standard Syndicate 1884 has extended its range of insurance cover and expanded its underwriting team as new appointments and risk covers list high on the company’s agenda.
N&G to provide £30m capacity for Towergate
Navigators & General will provide capacity for up to £30m in premiums from Towergate over the next five years, under a deal signed today.
Insurance market prepared for Insurance Act finds Airmic survey
The Insurance Act has become official today and risk managers are confident insurers and brokers have prepared for the changes, according to research by the Association of Insurance and Risk Managers.
RMS director warns stop the "guessing game" over global port exposure
A report from the global risk management firm RMS on the global ports most exposed to natural catastrophes has some surprising findings.
Atrium to close Singapore office
Atrium Syndicate 609 has decided to stop accepting business on its Lloyd's Singapore platform after eight years in operation.
Digital: Virtual reality
Virtual reality has hit the gaming industry this year and it could find a place in the insurance sector to help with claims and fraud in the future.
Europe: Crewless ships ready to sail
Could crewless ships be docking somewhere near to you anytime soon? It is beginning to look like it.
Nexus makes first overseas acquisition in Hong Kong
Lloyd's MGA Nexus has bought Hong Kong-based marine MGA Beacon Underwriters for an undisclosed sum.
Update: UKP&I and Britannia Clubs terminate merger talks
The boards of the UKP&I and Britannia Clubs have terminated discussions over the potential merger of the two clubs.
Interview: Clive Clarke, Airmic
Incoming Airmic chair Clive Clarke talks to Burhan Khadbai about his journey to the role and the key issues facing the risk management and insurance communities
Skuld to acquire Scandinavian Marine Agency
Skuld has signed a letter of intent to purchase Scandinavian Marine Agency in a deal that would give the Oslo-based marine insurer renewal rights on the latter’s hull and machinery book.
Lark acquires Euromarine Insurance Services
Lark Group has strengthened its position in the marine sector with the acquisition of Euromarine Insurance Services, a specialist marine insurance intermediary and underwriting agent.
Marine insurer Skuld reports 95% COR but flat bottom line for 2015
Oslo-based Skuld has seen an improvement in its combined operating ratio to 95% (2014: 99%) but reported a flat bottom line result of $13m for 2015 (2014: $13.5m or £9.3m).
Towergate appoints DAC Beachcroft, DWF and BLM to claims panel
Towergate Underwriting has announced a new claims legal panel, comprising of BLM, DWF and DAC Beachcroft.
C-Suite Insurer: XL Catlin's Jonathan Eaton on the perils of misdeclared cargo
Misdeclared cargo is a problem that has long caused headaches for the shipping industry.
UK P&I Club warns of ‘chaos’ in implementation of new cargo law
A new law that requires shippers to weigh each container before loading it on a ship could spark “chaos and commercial disputes” when it comes into force in two months’ time, the UK P&I Club has warned.
Beazley hires three for Asia-Pacific marine division
Specialist insurer Beazley has hired three marine underwriters to be based in its Singapore office.
UK still long-term hotspot for shipping incidents
The British Isles, North Sea, English Channel and Bay of Biscay region is the area that has seen the most shipping casualties since 2006, according to Allianz Global Corporate and Specialty, despite total losses in the British Isles being down year-on…
Three senior Asia AIG managers leave as insurer reduces costs
Post understands three senior Asia AIG managers have been made redundant as the insurer looks to reduce costs.
Bilney leaves FP Marine after 20 years
Philip Bilney, group CEO of Hong Kong-headquartered FP Marine Risks, has decided to leave the company.
Skuld announces executive changes and 2016 renewals growth
Norwegian marine insurer Skuld has announced three changes to its management team including appointing Lars Dueled as chief underwriting officer.
Legacy specialist acquires in Norway
Reinsurance legacy specialist Compre has acquired the marine and energy legacy portfolio of a leading Norwegian insurer.
Chubb unveils Asia-Pacific marine underwriting managers
Chubb, the newly merged entity of Ace and Chubb, has promoted two senior underwriters in its marine cargo Asia-Pacific team.
Norwegian Hull Club to open London office
The Norwegian Hull Club is to open an office in London's EC3 area, its first outside Norway.