Marine
Novae promotes Butcher to syndicates CEO
Novae has promoted Jo Butcher to Novae Syndicates CEO and Rob Forster to chief underwriting officer.
Costa Concordia captain sentenced for manslaughter
Francesco Schettino, the captain of the stricken cruise ship Costa Concordia, has been sentenced to 16 years in jail.
CFC launches new piracy cover with quote-and-buy portal
CFC Underwriting has launched a new marine piracy product, designed to streamline the quoting and buying process.
Reduced reserve releases impact Beazley profits
Beazley recorded an 18% reduction in profit after tax from $264m (£173.7m) in 2013 to $217.8m for the year ended 31 December 2014.
£30m of luxury cars taken from rescued Hoegh Osaka
Luxury cars worth £30m have been rescued from stricken car transporter ship the Hoegh Osaka, which was stranded in The Solent for almost three weeks.
Beslity becomes Aon marine chairman
Aon has made several key changes to its global marine business.
Birch appointed MD of Bishop Skinner Marine
Bishop Skinner Marine, the Bluefin subsidiary specialising in yacht and pleasure craft insurance, has appointed Paul Birch as its managing director.
Charles Taylor expands claims service to companies market
Energy and marine underwriter Berkley Offshore has become the first non-Lloyd's business to sign up for Charles Taylor's elective claims service.
RFIB looks to Willis for hull hire
RFIB has appointed former Willis marine executive director Steve Hughes as its hull and war divisional director.
Norway's Gard on P&I cover for Hoegh Osaka
Norwegian insurer Gard has confirmed it is the P&I insurer for the Hoegh Osaka cargo ship that has run aground off the Isle of Wight.
Skuld boosts contingency reserves by $5m in first nine months
Marine insurer Skuld posted positive a bottom-line result of $5m (£3.2m) for the first nine months of 2014, despite a series of large claims pushing its underwriting result into the red.
Andrew Torrance to leave Fireman's Fund in US restructure
Allianz's former UK CEO Andrew Torrance is stepping down as CEO and president of Allianz's Fireman's Fund unit at the end of the year.
RSA marine liabilities boss Hart joins Skuld as class underwriter
Marine insurer Skuld has appointed RSA’s Nick Hart as marine liability class underwriter.
Russian market facing 'significant challenges' despite premium growth
A predicted 10% rise in non-life Russian premiums in 2014 would be largely a result of inflation and masks the inherent problems faced by the profession in the country, according to Axco Insurance Information Services.
Skuld extends London P&I offering
Skuld now has the capability to offer all of its P&I products from its office in London.
Standard Club members face 5% premium hike
Shipping mutual The Standard Club has revealed a 5% general increase in Protection & Indemnity premiums for the 20 February 2015 renewal.
Novae delivers 6% GWP increase in Q3 despite property and casualty slump
Lloyd’s insurer Novae Group has chalked up a 6% increase in gross written premium to £515.1m for the period ended 30 September 2014 (Q3 2013: £484.6m), despite recording GWP reductions in its property and casualty businesses.
Blog: Lessons from past marine claims
Professor James F Lygate of IFIC Forensics takes a look back at maritime disasters of the past to learn lessons for the future
Hardy looks to Hiscox for energy and marine division head
Hiscox's Carl Day has been appointed energy, marine and aviation head at Hardy.
Fraud Focus: Pros and cons of fraud law revamp
One of the central pillars of the law relating to fraudulent insurance claims is being given a much overdue makeover. The Insurance Bill is largely good news for insurers, but there will be some areas where protection is reduced.
EY appointed liquidator for Northern and Western
EY has confirmed it was appointed provisional liquidator for Northern and Western Insurance Company.
Canopius looks to Towergate for marine division expansion
Canopius Group has appointed two former Towergate employees to grow its presence in the UK marine and pleasurecraft market.
Munich Re in director reshuffle for global marine launch
Following the appointment of John Wilkinson as head of global marine partnership, Dieter Berg has taken up a business development role for the new division.
Hull market records 18th annual loss as marine premiums fell 1.7%
Global marine premiums fell by 1.7% last year, dropping from $34.8bn (£21.3bn) in 2012 to $34.2bn according to the latest statistics released by the International Union of Marine Insurance at its 2014 annual conference in Hong Kong.