Marine
Costa Concordia set upright
The operation to set the Costa Concordia on its keel has succeeded, after taking all of Monday and most of the night.
Costa Concordia righted
The operation to set the Costa Concordia on its keel has succeeded, after taking all of Monday and most of the night.
H1 post-tax profits jump $10m at Skuld
Norwegian marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.
Skuld sees H1 post-tax profits climb $10m
Marine insurer Skuld has seen combined post-tax profits for its P&I and commercial business climb more than five-fold on a year-on-year basis.
Costa Concordia salvage operation underway
The operation to right the Costa Concordia started at 07.00 GMT this morning, and is expected to take up to 12 hours.
Costa Concordia salvage begins
The operation to right the Costa Concordia is underway today, after beginning at 07.00 GMT.
AIG recruits from Starr for marine loss control manager
AIG has recruited Steve Broderick to serve as its marine loss control manager with immediate effect.
Willis unveils seafarer repatriation policy
Broking giant Willis has launched a new liability policy to cover costs from repatriating stranded seafarers.
Post magazine – 11 September 2013
This week's issue of Post is now available to subscribers.
Reinsurers demand greater decision-making powers as wreck removal costs soar
Munich Re is calling for reinsurers to have more say in decisions relating to marine salvage and wreck-removal operations against the backdrop of increased politicisation and escalating costs surrounding the Costa Concordia cruise liner wreck.
Market Moves: Insurers flood back into recruitment market with raft of key hires and promotions
Insurers swarmed the recruitment space this week, redressing a balance that has seen brokers dominating. The start of September saw a number of new recruits, with appointments rising in both the London and companies market. XL, Markel, First Title and…
MAST offers security product for smaller yachts
Maritime Asset Security and Training has launched a security umbrella service offering Superyacht grade security services, training and systems to the owners of smaller yachts from 16m – 40m.
IUMI Preview: Charting a course
With the sector suffering major losses, long-term sustainability is high on the agenda at this year’s International Union of Marine Insurance conference. Can the market navigate the choppy waters?
Piper Alpha: 25 years on
A quarter of a century on from the Piper Alpha oil platform disaster, how has the industry learnt from the difficulties it faced in the aftermath – and what has been done to stop such a tragedy occurring again?
Europe: The cost of Concordia
What has the Costa Concordia disaster meant for the European marine market? Katie Marriner finds out.
Skuld grows Lloyd's cargo operation
Marine insurer Skuld has bolstered its cargo unit with a new hire and an internal promotion.
Markel swoops for Marketform marine claims boss
Markel has bolstered its marine claims operation with the recruitment of Marketform’s head of marine claims.
Oamps launches fleet product for haulage market
Specialist schemes provider Oamps has launched a new fleet product for the UK haulage market.
Leader: Will the Lutine Bell fall silent?
In the 17th Century, London’s importance as a trade centre led to an increasing demand for insurance, and Edward Lloyd’s coffee house soon became recognised as the place to obtain marine cover.
MAST develops marine framework for unexploded ordnance
Marine security company, Maritime Asset Security and Training, has partnered the construction industry research and information association to develop a risk management framework for unexploded ordnance in the near-shore and offshore environment.
MAST supports UK Marine Framework for unexploded weaponry
Maritime Asset Security and Training is helping the Construction Industry Research and Information Association to develop a risk management framework for dealing with Unexploded Ordnance in the near-shore and offshore environment.
Motor rates up 2% in Q2 as niche market outpaces standard classes
The non-life insurance market was flat overall last month as rising rates in property, motor and US casualty lines offset rate reductions in reinsurance, according to a Hampden report.
Chaucer swoops for Travelers marine specialist
Lloyd’s specialist insurer Chaucer has recruited Travelers’ senior UK marine underwriter.
Interview: Markel's William Stovin: Culture club
Happy with the cultural fit following Markel’s $3.1bn acquisition of Alterra, president and chief operating officer William Stovin is looking to drive the newly merged firm forward.