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People Moves: HDI Global Promotes Schulte as Global Head of Marine; Amwins Global Risks Hires Ewing to Lead Transactional Risk Practice

Insurance Journal

This edition of International People Moves details appointments at HDI Global and Amwins Global Risks. HDI Global Promotes Schulte as Global Head of Marine HDI Global has promoted Dr. Carsten Schulte as … A summary of these new hires follows here.

Risk 246
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Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Insurance Journal

Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …

Risk 258
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Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space

Insurance Journal

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
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Swiss Re Among Firms in $3 Billion Credit-Risk Deal for International Finance Corp.

Insurance Journal

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
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Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait

Insurance Journal

A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca, as the dark fleet expands and lackluster Chinese demand leaves dozens of the tankers idling. The Ceres I, a 23-year-old …

Risk 249
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Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’

Insurance Journal

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fleet.” ” One crew …

Risk 245
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Aon and EBRD Launch €110M Facility to Provide Cover for War-Related Risks in Ukraine

Insurance Journal

million) facility to provide reinsurance capacity for international reinsurers and Ukrainian insurance companies to cover war-related risks in Ukraine. Insurance broker Aon and the European Bank for Reconstruction and Development (EBRD) have structured a 110 million (US$115.6 Under the Ukraine …

Risk 237