Marine
Ace hires Achmea's P&C manager
Ace Group has hired Benoît Chasseguet as marine manager for Continental Europe, including the Central and Eastern European region.
Allianz report highlights year-over-year rise in ship losses
Twelve months on from the Costa Concordia incident, a new Allianz report shows that 106 ship losses were reported worldwide in the year to 25 November 2012.
Human error remains 'core challenge' in bid to reduce maritime losses
An Allianz report into annual ship losses has identified human error as the "core challenge" in reducing annual maritime losses, which last year increased to 106 from 91 in 2011.
Superstorm Sandy puts downwards pricing pressure on reinsurers
Natural catastrophe losses for 2012 are estimated to be 50% less than 2011's $120bn, and most reinsurers are not facing any material capital impact and remain within annual catastrophe budgets.
Crawford expands commercial workforce with 16 hires
Crawford Global Technical Services UK has boosted its aviation division with six new hires.
Insurers face most challenging P&I renewals in a decade, Willis warns
The upcoming P&I renewal could be the toughest in a decade as difficult economic conditions for ship operators, poor underwriting results and a slew of large claims threaten to create a "perfect storm", according to Willis.
Skuld expands in Asia with Singapore hub
Skuld is opening a branch office in Singapore to capitalise on "significant growth opportunities across the region".
Beazley launches Gulf of Guinea piracy cover
Beazley has launched a piracy policy specifically for ship owners with vessels operating in the Gulf of Guinea, in response to a growing number of incidents in the region.
Skuld posts underwriting deficit after rise in pool claims
Norwegian marine insurer Skuld posted a third-quarter bottom line deficit of $2.9m today following record claims costs from the international group's pooling system.
Skuld claims costs soar as a result of international pooling system
Marine insurance provider Skuld chalked up record high claims costs from the international group's pooling system, leading to a bottom line deficit of $2.9m (£1.8m) with corresponding contingency reserves of $288m (£178.9m).
Mitsui hires marine liability underwriter
Mitsui Sumitomo at Lloyd’s has hired David Carr as a class underwriter in its marine liability division.
Mitsui Sumitomo appoints class underwriter
Mitsui Sumitomo at Lloyd’s is aiming to grow its marine liability underwriting book following the appointment of Darren Carr as class underwriter.
Skuld launches dedicated superyacht insurance product
Marine insurers Skuld has formed Skuld\Yacht dedicated exclusively to the protection and indemnity needs of superyacht owners.
Skuld bosses to lead new superyacht insurance service
Marine insurer Skuld has formed Skuld\Yacht, a new service dedicated exclusively to the protection and indemnity needs of superyacht owners.
Sart poaches marine underwriter from Ace HK
Sart Underwriting, a Lloyd's coverholder based in Hong Kong, has hired Larry Kwok as chief marine underwriter.
Insuring Iran
In July the European Union put in place sanctions designed to limit the provision of insurance to the Iranian crude oil sector. Francesca Nyman takes a look at how the market reacted and asks if insurance is still available.
Piracy: Has the tide turned?
Piracy off the coast of Somalia has dropped significantly since last year – bringing insurance premiums down with it – but what’s behind the decline, and how can it be sustained?
Skuld expands specialist marine offering
Marine insurer Skuld has formed a new unit within its Lloyd’s syndicate 1897 that will offer combined physical damage and liability cover to ports and terminals worldwide.
Skuld launches phsyical damage and liability cover for ports
Norwegian marine insurer Skuld has formed a new unit to offer combined physical damage and liability cover to ports and terminals worldwide.
Consumer Insurance Act: Out with the old, in with the new
The Marine Insurance Act's outdated rules regarding policy applications are to be replaced by the Consumer Insurance Act. Will it make life difficult for insurers, or does it simply codify what they're already doing?
Top five European stories
The top five European stories from www.insuranceinsight.com over the past seven days.
UIB hires Raven as new upstream head
Lloyd's reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
S&P upgrade of UK Club outlook 'a welcome endorsement'
Shipping protection and indemnity insurance mutual The UK P&I Club has welcomed Standard and Poor's decision to upgrade the firm's outlook from 'stable' to 'positive'.
UIB brings in Raven for energy director role
International reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.