Marine
Hong Kong ferry crashes in Macau
A TurboJet ferry traveling from Hong Kong to Macau crashed into a breakwater in Macau harbour on Friday morning injuring 70 people.
Henderson sets up marine division
Henderson Insurance Brokers has established a marine division to take advantage of growing opportunities in the UK maritime and ports sector.
Marine insurers given more autonomy in Shanghai
The China Insurance Regulatory Commission is allowing marine insurers and reinsurers in Shanghai more autonomy via the Shanghai Institute of Marine Insurance.
Arctic: Coming in from the cold
As investment increases in the Arctic, what are the opportunities and risks facing insurers in the area?
NKSJ deal sees Canopius split marine and energy unit
Canopius has separated its existing marine and energy unit into two dedicated divisions as part of a move designed to maximise the growth opportunities following the firms acquisition by Japanese insurer NKSJ.
P&I Club reports $6.6m surplus
The London P&I Club produced a surplus of $6.6m (£3.9m) for the 2013/14 financial year as well increasing its free reserve to $160.6m.
Cooper Gay swoops for Marsh marine boss Gibbs
Cooper Gay has recruited Marsh’s managing director of global marine Charles Gibbs to head up its own aquatic operations.
Lloyd's presence adds 50% to Lancashire GWP in Q1 as new CEO steps up
Lancashire Holdings recorded a combined operating ratio of 66.4% in the first quarter of 2014 (Q1 2013: 51.2%) as no major losses were added to a late reported energy claim that adversely impacted the firm’s full year results.
The Linked In Debate - ghost vessels
by Rachael Adasms
Europe: Ghost vessels
With the Russian cruise vessel M/V Orlova adrift in the Atlantic, the insurance implications of 'ghost vessels' are front of mind
At least $100m of cover for passengers of stricken South Korea vessel
Post understands international broker Willis helps place reinsurance covering members of the Korean Shipping Association of which the owners of the stricken Sewol is a member.
Rajan joins Miller from Marsh in marine role
Govinda Rajan has joined Miller's Singapore office in a South-East Asia marine hull business production role.
Ferry sinks off South Korea leaving 280 missing
Nine people have been confirmed dead and at least 280 remain missing after a ferry carrying 459 people capsized and sank off the coast of South Korea on Wednesday morning.
South Korea ferry sinks
A large car and passenger ferry has sunk off the coast of South Korea after it reportedly hit rocks this morning.
Willis launches cargo facility product
Willis has launched a product to protect cargo against all types of political violence, terrorism and war risks.
Hansen elevated to Skuld CEO
Ståle Hansen is to take over as chief executive of Skuld from 1 February 2015.
Aon pair jump ship to join Miller marine team
Miller has appointed Heather Clarkson and Rick Kerr in a bid to bolster its marine hull business production, broking and account handling capabilities.
Navigator & General launch on-line quote and buy facility
Zurich-owned boat insurer Navigators and General have launched an on-line quote and buy facility for small craft and sailing dinghies.
Shipping losses down 20% in 2013
Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, dipping below 100 for only the second time in 12 years, according to Allianz Global Corporate & Specialty.
Allianz strengthens marine team with senior underwriter appointment
Allianz Global Corporate & Specialty has appointed Simon Hudson as senior marine liability underwriter.
Cooper Gay rebrands and strengthens marine division in Asia
Cooper Gay has rebranded its marine insurance business in Asia as Latitude Brokers and appointed three brokers to the team.
UK P&I increases renewal premiums 7%
The UK P&I Club has announced boosted figures following the close of renewals for 2012, witnessing a 7% estimated increase of renewal premium.
Skuld records 13% premium growth following P&I renewals
Skuld has achieved 13% premium growth following protection and indemnity renewals completed yesterday.
ANV eyes Lloyd’s expansion as it diversifies from marine business
ANV is looking to grow its presence in the Lloyd’s market and is actively engaged in acquisition talks, chief executive Matt Fairfield has told Post.