Marine
Analysis: The explosive risks of mis-declared cargo
The explosions at China's Tianjin Port on 12 August brought home the fatal consequences of improperly storing dangerous cargo.
ATL plots energy market gains after swooping for JLT team
Independent Lloyd’s broker ATL Marine & Energy has appointed a senior team of specialist energy brokers from JLT in a bid to drive the growth of its energy account in Europe and Latin America.
Novae CEO Fosh confident for Q4 despite softening market
Novae Group CEO Matthew Fosh believes the specialist Lloyd’s player is “well positioned” for the final quarter, despite a softening rating environment, after achieving a 20.3% uptick in gross written premiums over the opening nine months of 2015.
Aspen recruits from XL Catlin for Lloyd's Singapore platform
Aspen Insurance will become the latest syndicate to join the Lloyd's Asia platform.
Shipowners’ Club records improved COR at half year stage
Marine mutual insurer The Shipowners’ Club has delivered an improved half year combined ratio of 87% to August this year (2014: 95.5%), with a small underwriting surplus of $12.9m (£8.4m) on the 2015 policy year (2014: $4.6m).
Asta granted 'in principle' approval for £46m GWP Skuld syndicate
Asta Managing Agency has been granted 'in principle' approval from Lloyd's to set-up special purpose syndicate 6126 that has planned gross written premiums of £46m for 2016.
Argo Global hires marine leader in China
Lloyd's syndicate Argo Global has hired Willis China's former head of trade and logistics Yan Jun as its China marine underwriting manager.
Hong Kong broker Latitude completes MBO from CGSC
Hong Kong-based marine insurance specialist Latitude Brokers has confirmed the management buyout of its shareholding previously owned by Cooper Gay Swett & Crawford.
Lloyd's broker ATL eyes team and client captures following rebrand
The business formerly known as Atlantic (UK) Brokers is making a concerted push into the energy market after rebranding at ATL Marine & Energy.
Europe: Can insurers navigate the Arctic waters?
Insurers have traditionally been reluctant to underwrite Arctic shipping: the risks of injuries and pollution have been high and unpredictable.
Tianjin is a "wake-up call" to cargo insurers, says IUMI cargo chairman
Nick Derrick, chairman of the International Union of Marine Insurance cargo committee, told this year's conference the explosions in Tianjin on 12 August are a "substantial wake-up call."
Shipowners' Club agrees delegated authority arrangement with Swedish underwriter
The Shipowners' Club has entered into a strategic partnership with Swedish marine underwriting agency Svensk Assurans to offer a P&I product through a delegated underwriting agreement.
Aon Benfield and RMS develop marine and energy model
Aon Benfield has invested in a catastrophe model to help marine and energy insurers assess their cargo risks more accurately, in conjunction with model vendor RMS.
Benign claims period leads to Skuld's £5.8m six-month result
Marine insurer Skuld has reported a $9m (£5.8m) half-year result and a combined operating ratio of 95%.
UK P&I club calls for 'zero tolerance culture' on enclosed space entry as casualties blight shipping industry
Accidents relating to entry into enclosed spaces have resulted in a large number of deaths of both ship and shore personnel so far this year, says the UK P&I Club, calling for more to be done to prevent these casualties.
Iran sanctions removal may present early opportunity for EU insurance firms
Non-US owned insurance companies may look to steal a march on their competitors if sanctions prohibiting trading with Iran are not lifted simultaneously by all countries.
Guy Carpenter director warns over contaminated cargo in Tianjin
Mark Shumway, managing director - strategic advisory, Asia-Pacific at Guy Carpenter has warned that failure to write off contaminated cargo losses in the port of Tianjin could lead to worse losses later.
C-Suite: Shipowners benefit from lower rates in economic choppy waters
How have marine insurers responded to the financial challenges facing the shipping industry? Positively, is the short answer; part of this positive response has been deliberate, part has been fortuitous.
Hong Kong broker chooses Total Objects
Hong Kong marine broker Latitude has chosen to use software provider Total Objects for all its technology systems.
Novae's renewal rates fell 3.3% on average in first half
Specialist (re)insurer Novae saw average renewal rates reduce 3.3% in the first half of the year.
Berkshire Hathaway offers marine in Australia and New Zealand
Berkshire Hathaway Specialty has begun marine underwriting in Australia and New Zealand.
Asia Interview: FP Marine's Phil Bilney
Andrew Tjaardstra, editor Asia, speaks to Phil Bilney, CEO, FP Marine in Hong Kong.
Skuld appoints Ove Kristian Roll for Bergen role
Marine insurer Skuld has hired Ove Kristian Roll to lead its office in Bergen, Norway.
Dual expands marine offering in Australia
Hyperion underwriting arm Dual has expanded its global marine and energy practice following the launch of a marine offering at Dual Australia.