Inland marine

Argo hires Markel’s Saunders as head of inland marine in latest management build-out step

Argo has hired former Markel, Allianz, Travelers, and Great American executive Julie Saunders as head of inland marine, The Insurer can reveal.

Falvey launches Canopius capacity-backed commercial output program

Falvey Insurance Group has launched a new commercial output insurance program that is being underwritten on capacity provided by Canopius US.

Falvey appoints Eldridge chief relationship officer and forms new board

Falvey Insurance Group has appointed Brad Eldridge as its new chief relationship officer with the executive succeeding the retiring Daryl Mackay in the role, while the marine-focused MGA has also established a new board of directors.

Aspen names Tate inland marine head of product and underwriting

Aspen Insurance Holdings has appointed Michael Tate as head of product and underwriting for inland marine.

Ascot hires Overhaul chief risk officer Stoik as new head of marine

Ascot has hired industry veteran and former Great American and Chubb executive Lloyd “Pat” Stoik as its new head of marine, marking the firm’s latest senior appointment, The Insurer can reveal.

Axis launches North America inland marine unit

Axis Capital (Axis) has launched its inland marine unit in North America, led by Kristen Hunter who will join as head of inland marine, North America.

Axis hires Hunter-led inland marine team from BHSI

Axis has hired a team of inland marine underwriters from Berkshire Hathaway Specialty Insurance, led by its US head of wholesale inland marine Kristen Hunter, as the carrier continues to add to its specialty capabilities under new CEO Vince Tizzio, The Insurer can reveal.

Distinguished makes inland marine play following Michel’s move from Argo

Distinguished Programs has launched a new inland marine offering spearheaded by Eric Michel, who has joined the Aquiline-backed platform from Argo Group, Program Manager can reveal.

Axa XL promotes Mueller to inland marine head

Axa XL's Americas marine insurance business has announced four promotions including Ken Mueller taking on the head of inland marine role previously held by Mike Perrotti.

Falvey makes inland marine move with hire of Continental Underwriters team

Falvey Insurance Group is making a play in the inland marine market and has hired a six-strong team led by Ed Helfers and Lisa Uzzo from CRC-owned Continental Underwriters to spearhead its entry into a sector the North Kingstown, Rhode Island-based MGA said is “a natural extension” to its existing portfolio.

Ascot hires Mosby and Jones from Axa XL to bolster US inland marine offering

Ascot has recruited Jon Mosby and Dustin Jones from Axa XL as the carrier strengthens its inland marine business with a combined 37 years of industry experience.

Munich Re Specialty Insurance promotes Parker to inland marine head

Munich Re Specialty Insurance (MRSI) has promoted Jaymee Parker to vice president and head of inland marine.

AM Best: US inland marine market to grow further after rebound in 2021

The US inland marine line rebounded to pre-Covid-19 levels last year driven by a strong increase in top-line premium and a decline in the loss ratio, according to an AM Best report, with the rating agency predicting continued growth.

Ascot combines US ocean and inland marine in reorg

Ascot is bringing together its ocean marine portfolio and inland marine capabilities in the US with executive vice president Tom Nasso leading the new underwriting unit.

Inland marine exec Vetter to re-emerge at Tango Specialty

Ascot’s outgoing head of inland marine in the US Jeff Vetter is set to join expansive MGA platform Tango Specialty, The Insurer can reveal.

Ascot US inland marine head Vetter leaves

Jeff Vetter has resigned from his position as head of inland marine at Ascot’s US insurance platform, with the carrier reaffirming its commitment to the business line despite the departure, The Insurer can reveal.

WR Berkley hires Argo’s Higley as inland marine unit president

WR Berkley has hired Argo Group’s David Higley as president for its inland marine focused platform Berkley Fire & Marine Underwriters, replacing Rick Beasley who has held the role on an interim basis.

Skyward Specialty eyes inland marine and property insurtech opportunities

Skyward Specialty is planning an inland marine entry and an insurtech commercial property partnership as it looks to maintain an equal balance between short-tail and long-tail business in its portfolio after recent expansion in areas such as professional liability and construction, The Insurer can reveal.

Inland marine carriers suffer as Covid-19 cancels events and travel

The inland marine market has been one of the most consistently profitable insurance classes in recent years, but it has been hit hard by Covid-19 with contingency losses and cancelled events and travel causing premiums to drop for the first time in over a decade, according to AM Best.

AGCS’s Soja: Inland marine quotes “rise astronomically” as clients navigate shifting market

Inland marine clients are trying to manage the escalating cost of coverage by raising deductibles and trimming back or cutting certain protections with underwriters issuing a soaring number of different quotes to customers as a result, Allianz Global Corporate & Specialty (AGCS)’s Rich Soja has told The Insurer.

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