Insurance Journal

NOVEMBER 22, 2024

Markel Taps AEGIS London’s Pressman as Senior Underwriter, Marine Cargo Markel, the insurance operations within Markel Group … This edition of International People Moves details appointments at Markel and Generali Global Corporate & Commercial. A summary of these new hires follows.

Underwriting 246

Underwriting Underwriter Marine Commercial 246

Insurance Journal

SEPTEMBER 3, 2024

Massachusetts-based Schrager Hampson Aviation Insurance Group reports it has acquired Northeast Aviation & Marine Insurance Brokers of Schenectady, New York.

Marine 162

Marine Insurance Broker Commercial Broker 162

Insurance Journal

DECEMBER 4, 2024

This edition of International People Moves details resignations and appointments at two insurers — Everest Group and Tokio Marine Kiln — and the managing general agent Coalition. A summary of these new hires follows here. Karmilowicz to Resign as Chair …

Cyber 240

Cyber Agents Marine Insurer 240

Insurance Journal

JULY 23, 2024

Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said. Moscow-based Ingosstrakh PJSC has emerged of a major insurer to Russian …

Risk 263

Risk Insurer Insured Insurance 263

Insurance Journal

SEPTEMBER 18, 2024

Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue despite western sanctions. Russian firms provided insurance cover for …

Protection 279

Protection Insurer Insured Insurance 279

Insurance Journal

AUGUST 21, 2024

Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter …

Insurer 290

Insurer Insured Insurance Protection 290

Insurance Journal

NOVEMBER 25, 2024

The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. The measures ban any cooperation with Moscow-based insurers AlfaStrakhovanie …

Insurer 262

Insurer Insured Insurance Marine 262

Insurance Journal

SEPTEMBER 18, 2024

A trade group representing Japan’s biggest non-life insurers said on Thursday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero. The General Insurance Association of Japan published the guideline …

Life Insurance 278

Life Insurance Insurer Insured Insurance 278

Insurance Journal

SEPTEMBER 22, 2024

A Connecticut couple who previously lived in Tampa, Florida, has agreed to settle a subrogation lawsuit brought by Philadelphia Indemnity Insurance Co., which accused the couple of using a nonprofit theater group’s credit card for personal gain. The suit said …

Insured 278

Insured Insurer Insurance Marine 278

Insurance Marine News

SEPTEMBER 19, 2024

Join Us The post “Sustained improvement” in marine insurance cargo market: IUMI 2024 appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 104

Marine Insurer Insured Insurance 104

Insurance Journal

OCTOBER 22, 2024

One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is that while some are still covered by the …

Insurer 259

Insurer Insured Insurance Risk 259

Insurance Journal

OCTOBER 10, 2024

A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump in insurance costs and forced some shipowners to cancel bookings, insurance sources and a broker said on Thursday. Russian ballistic …

Commercial 262

Commercial Broker Insurer Insured 262

Insurance Journal

OCTOBER 17, 2024

The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance. An announcement from the country’s Foreign, Commonwealth and Development Office didn’t specify how such interventions would occur, …

Insurer 261

Insurer Insured Insurance Marine 261

Insurance Journal

AUGUST 30, 2024

Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (184-foot-long) yacht, …

Insured 274

Insured Insurer Insurance Protection 274

Insurance Journal

AUGUST 5, 2024

A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. What Happened? The Singapore-flagged Hafnia …

Insurance Claim 267

Insurance Claim Claim Insurer Insured 267

Insurance Journal

NOVEMBER 13, 2024

Aviva’s Lloyd’s business Probitas announced it began to quote for five new classes of business – marine (cargo, fine art & specie, and ports & terminals), construction, renewable energy, contingency/event cancellation, and mergers & acquisitions (M&A), effective Nov. This …

Marine 245

Marine Insurer Insured Insurance 245

Insurance Journal

AUGUST 7, 2024

A group of Western insurers have provided cover for tankers carrying Russian crude, keeping its oil flowing after many in the trade sector withdrew for fear of breaching the rules of a G7 price cap, data from traders and shippers …

Insured 252

Insured Insurer Insurance Protection 252

Insurance Marine News

OCTOBER 23, 2024

Join Us The post Marine insurance premiums up by nearly 6% in 2023: IUMI stats report appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Premium 100

Premium Marine Insurer Insured 100

Splash: Finance and Insurance

JANUARY 9, 2025

West P&I Club has bought Nordic Marine Insurance, a specialist in delay insurance, primary loss of earnings, hull and machinery, loss of hire, and maritime lien solutions. West P&I initially acquired a significant stake in Nordic in 2020.

Marine 79

Marine Insurer Insured Insurance 79

Insurance Journal

JULY 28, 2024

A Berkshire Hathaway insurer is insisting it does not owe $1.3 National Fire and Marine Insurance … million in claimed business income losses to a cannabis growing company after a building fire shuttered one of its “flowering” rooms for 68 days.

Claim 279

Claim Building Marine Insurer 279

Insurance Journal

NOVEMBER 26, 2024

McGill and Partners, the London-based global specialty insurance and reinsurance broker, has launched a new trade disruption insurance facility in collaboration with Tokio Marine Kiln (TMK) and Convex, offering limits of $95 million, led by TMK. This offering harnesses the …

Broker 246

Broker Marine Insurer Insured 246

Insurance Marine News

SEPTEMBER 30, 2024

Join Us The post Emma Colbourn joins Trafalgar Marine Trades appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 105

Marine Insurer Insured Insurance 105

Insurance Journal

AUGUST 13, 2024

This edition of International People Moves details appointments at insurance broker Miller and the insurer Tokio Marine HCC International. A summary of these new hires follows here. Miller Appoints Thevenot for Strategic Sports and Entertainment Team Miller, the London-based independent …

Marine 147

Marine Insurance Broker Broker Insurer 147

Insurance Marine News

SEPTEMBER 19, 2024

Join Us The post Marine war market fears claim over detained $130m dredger appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 110

Marine Claim Insurer Insured 110

Insurance Marine News

NOVEMBER 3, 2024

Join Us The post Chaucer to launch Asian marine offering on Lloyd’s Singapore platform appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 111

Marine Insurer Insured Insurance 111

Insurance Journal

JULY 17, 2024

This edition of International People Moves details appointments at managing general agent DUAL Europe and insurance broker WTW. DUAL Swiss Taps Tokio Marine’s Wyss as Managing Director DUAL Europe announced the appointment … A summary of these new hires follows here.

Broker-Agent 279

Broker-Agent Insurance Broker Broker Agents 279

Insurance Marine News

NOVEMBER 12, 2024

Join Us The post Probitas adds marine and renewables business to Syndicate 1492 appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 105

Marine Insurer Insured Insurance 105

Insurance Journal

DECEMBER 18, 2024

Swiss Re AG, Tokio Marine Holdings Inc., and AXA SA are among providers of $3 billion in credit-risk insurance for the private-sector arm of the World Bank Group, as it seeks to expand its lending in … AXIS Capital Holdings Ltd.

Risk 243

Risk Marine Insurer Insured 243

Insurance Journal

OCTOBER 29, 2024

Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a London-based marine and property specialist. Financial details …

Broker 262

Broker Risk Insurance Broker Marine 262

Insurance Journal

JANUARY 6, 2025

This edition of International People Moves details appointments at AXIS Capital Holdings and Agile Insurance Group. A summary of these new hires follows here. AXIS Appoints Chubb’s Farrup as Head of Global Markets, Succeeding Gregory AXIS Capital Holdings Ltd. announced …

Marine 189

Marine Insurer Insured Insurance 189

Insurance Marine News

DECEMBER 18, 2024

Join Us The post Agile launches marine division with Hughes as head appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 97

Marine Insurer Insured Insurance 97

Insurance Marine News

NOVEMBER 28, 2024

Join Us The post Pierpoint moves to Miller Insurance Services appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Insured 109

Insured Insurer Insurance Marine 109

Insurance Marine News

SEPTEMBER 22, 2024

Join Us The post Brokers launch port disruption insurance appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Broker 105

Broker Insurer Insured Insurance 105

Insurance Journal

DECEMBER 17, 2024

Twelve European countries are set to clamp down on tankers that move millions of barrels of Russian petroleum around the world by asking to see how they’re protected against oil spills and other high-cost claims. Nations including Denmark, Estonia, …

Claim 252

Claim Protection Insurer Insured 252

Splash: Finance and Insurance

DECEMBER 1, 2024

Robert Mackay from FDR Risk writes for Splash today. Extreme weather events triggered by climate change are becoming more frequent and severe, reshaping operational risk and creating unprecedented challenges for shipowners and operators.

Risk 106

Risk Marine Insurer Insured 106

Insurance Marine News

OCTOBER 13, 2024

Join Us The post Russian attacks on Ukraine’s ports push up insurance rates appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Insurer 105

Insurer Insured Insurance Marine 105

Insurance Marine News

DECEMBER 8, 2024

Join Us The post Brooke named as HDI marine cargo head for UK and Ireland appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine 87

Marine Insurer Insured Insurance 87