Marine
Post Europe: International teamwork, the key to tackling piracy
Piracy has been an evolving threat for ship owners and the marine insurance market since the 1980s and Neil Smith argues that international cooperation is the only way to combat the modern scourge of marine piracy.
Eqecat estimates up to $25bn of quake losses
Risk modelling firm Eqecat has predicted insured losses from the Japanese earthquake of between $12bn and $25bn (£15.5bn).
Aviva extends environmental goods and services sector
Aviva has expanded its engineering, marine, construction and operational risks cover for onshore wind, solar and energy from waste power generation, including biomass energy production, environmental consultancy and building technologies.
Lloyd's opens Rotterdam office
Lloyd’s has opened a Benelux office in Rotterdam.
Lloyd's opens Rotterdam office
Lloyd’s has opened a Benelux office in Rotterdam.
Catastrophe losses hold back Hardy profits
Hardy Underwriting’s profits halved to £10m during 2010, after it faced a string of international catastrophe losses with a net value of £37m.
Marine rates continue to plunge
Marine insurance rates are expected to continue softening in 2011, according to research by Marsh.
Howden targets energy and marine markets
Howden is planning to enter the offshore energy and marine markets in a bid to diversify its international book of business.
Keychoice Underwriting unveils new Ace-underwritten products
Keychoice Underwriting has launched a host of new products to be underwritten by Ace Europe.
Specialty markets’ significantly contribute to Axa Corporate Solutions global turnover
Axa Corporate Solutions’ specialty markets in 2010 contributed approximately one-third of the company’s global turnover of €1.931bn, with marine business amounting to 23%, and aviation and space to 10%.
Post history - 30 years ago: Loss adjuster heads to Indonesia
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Shipping body softens stance on private anti-pirate armies
The International Union of Marine Insurance has welcomed the announcement by the International Chamber of Shipping that it is now taking a more neutral position on the use of private armed security personnel on board ships to protect them from pirates.
Editor's comment: Never mind the setbacks
"There's unlimited supply. And there is no reason why". No, I'm not talking about the overcapacity in the UK motor market, but the opening lines to EMI by the Sex Pistols.
Mobile technology - Brokers: How can technology benefit the way brokers do business
With more advanced smartphones and tablet computers, Rachel Gordon asks if mobile technology is merely the latest passing fad, or the shape of the future for the broking community.
Chaucer completes coverholder partnership with CMS
Chaucer has completed a new coverholder partnership with Coastal Marine Services to underwrite hull and machinery and protection and indemnity risks.
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
Post history - 30 years ago: Missing cargo ship claim settled
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Antares names new marine account boss
Specialist Lloyd’s insurer Antares has promoted John Potter to the role of marine hull, energy and liability account manager.
Lloyd's insurer Amlin to acquire underwriting agency Lead Yacht
Amlin has entered into an agreement to acquire Lead Yacht Underwriters from members of its board of directors. The transaction remains subject to the approval of the change of control by the Financial Services Authority.
RBS Insurance targets direct HNW market with ‘Select’ launch
Royal Bank of Scotland Insurance has launched into the mid and high-net-worth spaces with a single product/ multi-cover offering, which it plans to sell both direct in-house and through affinity partners.
IMD: hostage-taking at sea reaches record high
According to recent statistics, more people were taken hostage at sea in 2010 than in any year on record.
Postscript - 50 years ago: Case for loss over foundering
Looking through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 50 years ago reveals.
Bluefin appoints new underwriting head from Zurich
Bluefin Insurance Services has appointed Matthew Whitworth as head of marine within its underwriting department.
Mitsui unveils a series of new recruits
Mitsui Sumitomo at Lloyd’s has announced a string of new appointments to strengthen its underwriting team.