Marine
Willis: 2011 reinsurance renewals 5-10% lower than 12 months ago
Overcapitalization in the reinsurance market continues to gradually push rates downwards with price reductions at the 1 January 2011 reinsurance renewals averaging between 5% and 10%.
Markel appoints terrorism underwriter
Markel International has named Edward Winter as a terrorism underwriter in its marine and energy division.
Shipowners’ Club adds two to Vancouver office
The Shipowners’ P&I Club has transferred two of its London-based staff to its new office in Vancouver.
Zurich reorganises UK operations
Both the Zurich Private Clients and Navigators & General businesses are to be rolled into the insurer's new-look personal lines division, following a restructure of the UK general insurance operation.
Aon duo joins Marsh's Oslo base
Marsh has boosted its Norwegian energy practice through the appointment of two brokers to its Oslo-based team.
Aon duo joins Marsh's Oslo base
Marsh has boosted its Norwegian energy practice through the appointment of two brokers to its Oslo-based team.
P&I faces challenging market in 2011, Willis warns
While investment income in the Protection and Indemnity (P&I) insurance market bounced back to $680m in 2009/10 from a $840m loss in 2008/09, record claims levels, and a continuing gap in the performance of individual P&I Clubs could present challenges…
Versteege and Leclercq launch new firm
As from 1 January 2011 Sander Versteege and Nicolas Leclercq will commence their own company, Versteege & Leclercq claims services in Amsterdam.
Postscript - 50 years ago: Legal & General confirms buy
Looking back 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.
Postscript - 30 years ago: Rig salvage operation postponed
Looking back 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.
Postscript - five years ago: Reid swoops for Bishop Skinner
Looking back through Post’s back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from five-years ago reveals.
Barbican turn-key approved by FSA
Whittington will retain a shareholding in its turn-key operation Barbican after the latter was granted conditional approval from Lloyd's and the Financial Services Authority to form its own managing agency.
RFIB sees 13% growth
Lloyd's broker RFIB has credited its 13% growth in turnover for the year ended 30 June 2010 to the performance of its marine and reinsurance divisions.
Cooper Gay restructures in London
Cooper Gay has restructured its London based marine and energy reinsurance team in a bid to continue growing its market share.
QBE names three European CUOs
QBE Insurance has appointed Ash Bathia, Colin O’Farrell and Jonathan Parry as chief underwriting officers of its European division, following the promotion of John Neal to chief executive of QBE Group Global Underwriting Operations.
Markel International Sweden names new underwriters
Markel International Sweden has appointed Hans Norrby and Niklas Oscarsson as underwriters.
Underwriting Service Awards 2010 - QBE scoops team of the year
Over 200 underwriters packed into the Grange City hotel in London last night for the inaugural Underwriting Service Awards from Post, rewarding excellence and achievement in general insurance underwriting.
UK motor and energy rate rises boosts Chaucer's fortunes
Chaucer intends to grow its UK motor and energy portfolios next year as part of its plan to increase its income net of brokerage by 10% to £785.8 m.
UK motor and energy rate rises boosts Chaucer's fortunes
Chaucer intends to grow its UK motor and energy portfolios next year as part of its plan to increase its income net of brokerage by 10% to £785.8 m.
CTC: 2010 earnings likely to be at the lower end of expectations
In an interim management statement covering the period between 1 July 2010 to 16 November 2010, Charles Taylor Consulting today said business activity has been broadly in line with the expectations contained in its half yearly report.
Canopius adds to marine and North America divisions
Canopius has appointed Charles Fernandez as marine property and deputy marine liability underwriter, and Andrew Fowles as North American facilities underwriter.
Liberty strengthens marine division
Liberty Syndicates has hired Rob Henbury to the position of class underwriter to head up the line of business.
Norwegian P&I Club gets Lloyd's green light for new syndicate
R&Q Managing Agency has announced that it has received approval from Lloyd’s to form a new syndicate on behalf of Assuranceforeningen Skuld, the Oslo headquartered P&I Club.
Former Cooper Gay CEO joins Guy Carpenter as new global head
Guy Carpenter today confirmed that James Summers has been appointed global head of the company's marine & energy specialty, effective from May 2011.