Marine
Cruise ship disaster: Hannover Re hit with multimillion pound loss
International reinsurer Hannover Re has suffered a marine hull loss of €30m from the Costa Concordia disaster.
Hannover Re expects double-digit million euro loss from Concordia
Hannover Re’s total loss from the stricken Costa Concordia could be in the mid-double-digit million euro range, according to the firm.
Haymarket expands marine security in face of piracy threat
Haymarket Risk Management is expanding its maritime security division in response to the growing threat of piracy.
Lockton Dubai gains Lloyd’s broker status
Lockton Dubai has received Lloyd’s broker registration.
Munich Re suffers multi-million euro loss in ship disaster
Munich Re expects its share of claims from the stricken cruise ship Costa Concordia to be in the mid double-digit million euro range.
News analysis: Groupama UK up for sale — but who will buy the group?
Will Groupama be sold lock, stock and barrel or broken into an insurer and its broker parts?
Hannover Re could face €10m Costa Concordia claim
Hannover Re expects a damage claim of at least €10m from the Costa Concordia wreck, according to reports.
Costa Concordia claims could cost £1bn
Insurers could face claims of up to $1bn from the Costa Concordia cruise liner disaster making it the biggest marine loss ever, analysts have warned.
XL quiet over stricken liner losses
Lloyd's insurer XL is keeping tight-lipped about its potential claims exposure as lead insurer for the stricken cruise liner Costa Concordia.
Pallett to identify weaknesses at UIB
International reinsurance broker UIB has signalled an operational shake-up by promoting Steven Pallett, pictured, to the position of executive director, operations and administration.
Generali says Costa Concordia impact marginal
Assicurazioni Generali has confirmed to Insurance Insight that it is one of the insurers for the Costa Concordia cruise ship.
Generali, RSA and XL Group believed to insure stricken cruise ship
The Costa Concordia, which ran aground on Friday, is believed to have been insured by companies including RSA Insurance Group, Assicurazioni Generali SpA, and XL Group.
Skuld enters into Transmarine partnership
Norwegian marine insurer Skuld has formed a partnership with Transmarine, part of the Michael and Else and Company MGA operation specialising in marine trade disruption and consequential loss insurance.
Post Intelligence Benchmarking: Marine & Transport Insight Report 2011
Based on comprehensive input from 104 British Isles Marine & Transport broking professionals, the Marine & Transport Insurers Insight Report 2011 details the front-line service performance of the broker market's 13 most-used M&T insurers.
Cooper Gay expands marine reinsurance team
Lloyd’s broker Cooper Gay & Co has appointed John Sullivan as a director of its reinsurance division.
Rising medical costs behind potential 10% growth in Lebanese medical premiums
Medical insurance premiums in Lebanon will rise by 10% in 2012, according to projections by Lebanese insurance association, the ACAL.
JLT completes Italian Marine & Aviation deal
JLT Group has completed the deal to combine its existing Italian broking business Jardine Lloyd Thompson SpA with the business of Marine & Aviation SpA.
Tokio Marine bolsters UK operation with double appointment
Tokio Marine Europe is preparing to grow its UK regional operation following the appointment of Leigh Meekings and Rob Skilbeck to the firm’s underwriting team.
17 December: Feeling peckish?
The diet of woodpeckers consists mainly of insects and their grubs taken from living and dead trees, and other arthropods, along with fruit, nuts and saps both from live trees.
Charles Taylor adjusting and RBL Italia enter loss adjusting association in Italy
International loss adjuster, Charles Taylor adjusting, has entered an exclusive association agreement with RBL Italia in Italy to work together on all non marine classes of business.
Skuld sees 13% premium growth at Q3
Norwegian maritime insurer Skuld continued to grow in the third quarter, with a 13% increase in premium income year on year.
Nationale Suisse rated at 'A-'
Schweizerische National-Versicherungs-Gesellschaft AG has achieved a financial strength rating of A- (Excellent) and issuer credit rating of "a-".
Underwriting Service Awards 2011
The second annual Underwriting Service Awards ceremony took place at the Oval cricket ground, London, with more than 250 underwriters in attendance. The winners were determined by the feedback and views of intermediaries, who place risks on behalf of…
Marine - Post-IUMI: High seas scrutiny
The recent International Union of Marine Insurance conference underlined the escalating piracy problem and tasked underwriters with delivering a cargo-specific solution.