Marine
Piracy and Iran sanctions among challenges for marine insurers in 2010
Increased ransoms demanded by pirates and UN/US sanctions imposed on Iran were two potential areas for concern highlighted at a meeting of the International Union of Marine Insurance (IUMI) body on Tuesday.
Markel adds to marine and energy division
Former Catlin man joins team
Willis the lead broker for $7m ransom supertanker
Willis is the lead broker for the Greek tanker released by Somali pirates after record $7m ransom paid. Small shares of the business also broked by Marsh and Aon.
Greek supertanker released by pirates for record $7m ransom
The Greek flagged supertanker, VLCC Maran Centaurus, is a third of a kilometer long and was carrying two million barrels of crude oil.
Ship owners face P&I premium increases
Outlook for medium term “cautiously positive”, according to Aon
Ace subsidiary combines marine units
Ace USA has combined its commercial marine and inland marine business units
JLT urges ship owners to prepare for piracy
Broker issues white paper on piracy risks
Unruly waters
The Gulf of Aden has been plagued by pirate activity, with more than 240 attacks in 2009. But Andrew Moulton reveals how cargo providers and insurers are fighting back in a bid to reclaim the seas.
Former Benfield Corporate Risks founder leaving Aon
John Lapsley is moving on on after a year of integrating the Benfield Corporate Risks into Aon
CNA Europe opens new Manchester office
Insurer relocates to accommodate growth
Liberty appoints head of marine underwriting for France
Hautefeuille to head new marine underwriting department for Liberty International Underwriters in France
UN Security Council considers (re)insurance ban on Iran
The UN Security Council is considering imposing sanctions on Iran including a ban on (re)insurance for Iranian tankers – WSJ
P&I clubs rates up 5%
P&I clubs say rates up 5% on average
Better,faster,stronger
The Lloyd's market is seeking to further enhance and modernise its processes with a claims transformation project. David McCarthy considers the proposed reforms, the pilot scheme about to commence and their potential impact.
Travelers appoints marine underwriter
Andrew Farrant joins insurer from Thomas Miller
HCC to merge Lloyd’s syndicates
Approval granted for 4040 and 4141 tie-up
Lloyd’s, Aon and Hiscox may be hit by piracy claims, sources
Aon is the broker for the Maersk marine fleet which has been repeatedly targeted by Somalian pirates including in an attack this week, according to market sources. Lloyd’s and Hiscox have also been named.
RSA and WWF form new alliance
RSA pushes environmental responsibility further up the agenda
Marine specialist Galatea rebrands as Travelers
The marine specialist was acquired by Travelers in 2007.
Amlin sees 52% uplift in GWP in first nine months
CEO Charles Philipps called third quarter performance "outstanding".
RSA marine specialist bolsters Aon team
Manchester-based Jayne Ward has 19 years experience.
Chaucer grabs marine underwriter from Maersk
Chaucer Underwriting A/S, the Danish subsidiary of Lloyd's underwriter Chaucer, said that it has appointed Johnny Bøgelund as marine underwriter.