Marine
JLT aims to be top Italian broker with Marine & Aviation acquisition
Jardine Lloyd Thompson Group has signed heads of agreement to combine its existing Italian broking business Jardine Lloyd Thompson SpA. with the business of Marine & Aviation SpA.
Interview - Konsta & Payton: Let's get together
The high-profile merger of Clyde & Co and Barlow Lyde & Gilbert has impacted the legal and insurance industries. Michael Payton and Simon Konsta explain the differences.
Armed guards will help tackle pirates
Maritime security firm Haymarket Risk Management has welcomed Prime Minister David Cameron’s ruling that UK registered ships can carry armed guards to fight pirates.
Extending the ELD could have damaging consequences
A proposal today by the EC for a new law to regulate safety standards for offshore oil and gas operations could have unintended consequences for the environmental liability market, according to the CEA.
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
Amlin recruits former Chubb underwriter
Amlin has appointed Joanne McWhirter as class underwriter to its London cargo team.
Claims costs force UK P&I premiums up
The directors of the UK P&I Club have agreed to increase the premium rating of all members by 3% from 20th February 2012.
In series - Lloyd's & London Market: Technological challenges
After a slow start, Lloyd’s and the London market are embracing technological developments to drive down cost, time and errors. But is its embrace of new mediums firm and fast enough?
Lonmar reimburses underwriters £2m after commission charge error
Lonmar Global Risks have been forced to reimburse marine underwriters with more than £2m in commission after finding excessive levels were applied.
Liberty makes Brazil appointment
Liberty Syndicates has named reinsurance underwriter Douglas Sakamoto to its team in Brazil.
Market moves: All change at the trade bodies
With insurer moves slower than last week, this week has seen a number of changes among the trade bodies, with the Chartered Institute of Loss Adjusters, the |British Insurance Brokers’ Association and Federation of European Risk Management Associations…
Broadgate acquisition is last for Torus
The recent acquisition of Broadgate Underwriting by Torus finalises a string of hires and acquisitions by the globetrotting insurer.
Canopius promotes Webb and Sandle
Specialist insurer Canopius has made two promotions in its marine & energy division.
Canopius promotes two in marine and energy
Canopius Group has promoted two members of its marine & energy division.
Tawa, Skuld and Paraline combine forces to acquire Whittington UK
A consortium comprised of Tawa, Skuld, and Paraline Group have confirmed a definitive agreement to acquire Whittington Insurance Markets.
Piracy attacks have lower success rates finds Aon
There has been an increase in overall piracy activity but a general decline in successful attacks on vessels over the last year according to a new report.
IUMI 2011 preview: The problem of piracy
The annual International Union of Marine Insurance conference takes place in Paris next week. Topping the agenda is the ongoing scourge of piracy on world trade .
Lloyd's to provide policy cover in China
Lloyd’s has issued its first direct insurance policy in China through its fully owned subsidiary Lloyd’s Insurance Company in China.
Lloyd's in danger of being left behind in marine if it fails to evolve
Lloyd’s of London market needs to keep pace with changes in the marine sector as it moves towards greater transparency, says leading shipping underwriter.
Brit wants faster marine claims
London’s shipping insurance market needs to improve claims handling to mirror tighter corporate governance measures in the global container shipping industry, Brit has warned.
Interview - Jon Hancock: Getting under the skin
As UK commercial managing director for RSA, Jon Hancock is on a mission to find out what brokers really think of the insurer
Maritime insurer Skuld reports record 9th year of underwriting surplus
Norwegian maritime insurer Skuld has reported underwriting surplus of $13m for the first six months of 2011.
Cost of nautical-related claims back to high levels in 2011
The average cost of nautical related-claims has climbed back to high levels in 2011, according the Nordic Marine Insurance Statistics database, but may stabilise at the current rate.
People moves - 1 September 2011
A round-up of people moves and new appointments in the industry, as featured in the 1 September 2011 edition of Post.