Marsh marine exits continue with Summers and Walsh resignationsMarsh’s recent run of exits from its marine team has continued with the dual resignation of Tom Summers and Tyler Walsh, The Insurer can reveal.
Miller continues marine expansion with Reuben appointmentMiller has continued the expansion of its marine team with the appointment of Pene Reuben as a senior client executive in its marine liability reinsurance team.
Marsh’s marine hull SVP Bright heads to MillerMiller has swooped on Marsh for senior marine producer Lee Bright as it builds out its hull team, The Insurer can reveal.
Tokio Marine HCC International restructures London marine, energy, and renewables businessesTokio Marine HCC International (TMHCCI) has restructured its London Market marine, energy, and renewables businesses under one operating structure, headed by recently appointed Ben Kinder.
Marine war market on alert following Advantage Sweet and Niovi seizures by IranThe marine market is on alert after Marshall Islands-flagged tanker Advantage Sweet was seized by Iranian forces in the Gulf of Oman last week and the Panama-flagged Niovi was intercepted yesterday.
Kodiak Enterprise: Fears grow of $150mn+ marine loss as Ark-led CRC possibly in playThe marine insurance market’s exposure to losses from the recent Kodiak Enterprise casualty could top $150mn as concern mounts that an Ark-led $50mn increased cost of replacement coverage may also be triggered, The Insurer can reveal.
Falvey CUO McKenna resigns to take senior specialty carrier roleFalvey Insurance Group’s chief underwriting officer Mike McKenna has resigned to take what sources described as a senior leadership role at a specialty carrier, understood to be Axis, The Insurer can reveal.
RSA continues specialty focus with superyacht practice launchRSA Insurance has expanded its marine offering with the launch of a new superyacht practice, led by market veteran and former Chubb underwriter Emily Grew.
RSA takes Swiss Re CorSo’s marine head Emery as hull lead Smith exits for North StandardRSA has hired Swiss Re Corporate Solutions’ marine underwriting centre head Darryl Emery while the insurer’s marine hull lead Joe Smith has tendered his resignation and been linked with a move to NorthStandard, The Insurer understands.
TPA Engle Martin acquires ocean marine specialist claims firm EIMCAtlanta-based third-party loss adjusting and claims management provider Engle Martin has acquired ocean marine risk management and claims investigation firm EIMC.
Ardonagh’s Equinox has second largest exposure on Kodiak Enterprise $100mn hull coverLondon-based MGA Equinox – an underwriting division of Ardonagh Specialty – has a ~15 percent share of the Price Forbes-placed $100mn hull cover for fish factory trawler Kodiak Enterprise, which caught fire earlier this month, The Insurer can reveal.
Howden launches marine and energy business in Norway with WTW’s LundHowden has launched its marine and energy business in Norway, with Frode Lund set to lead the initiative from 1 August 2023.
RSA leads possible $100mn+ marine hull loss as fire engulfs Trident-owned factory trawlerThe marine hull market is bracing itself for a major claim that could top $100mn as fears mount that a fish factory trawler that erupted in flames over the weekend could result in a total loss that would hit London and US underwriters on an RSA-led program, The Insurer can reveal.
CargoCorp recruits AIG claims veteran McQuattieCargoCorp Underwriters has added AIG veteran and claims specialist Ricardo McQuattie to its ranks with the new hire bringing over 40 years of industry experience to the expansive Miami, Florida-based MGA.
Marine cyber MGA Astaara doubles underwriting limit to $25mnMarine cyber MGA Astaara has increased its underwriting capacity and insurance limit from $12.5mn to $25mn.
Falvey secures Canopius US capacity for new inland marine offeringFalvey Insurance Group has secured capacity from Canopius US to begin writing a book of inland marine business under the oversight of Ed Helfers and Lisa Uzzo who joined the MGA along with four of their colleagues from CRC-owned Continental Underwriters in February.
Pen enters specialist marine market with £90mn GWP Tay River Holdings acquisitionPen Underwriting has acquired Tay River Holdings and its marine specialist subsidiaries Vessel Protect, Trafalgar Marine Trades and BMM Ports & Terminals, in a move which adds more than £90mn of gross written premium to the Gallagher-backed UK MGA.
Acrisure Re names Ed Broking’s Jones as head of marine and spaceAcrisure Re, the reinsurance intermediary of Grand Rapids, Michigan-based broker Acrisure, has appointed Chris Jones as head of marine and space, based in London.
London market drafts new marine casualty claims guidelinesThe joint marine claims committee (JMCC) between the International Underwriting Association and the Lloyd’s Market Association, in collaboration with the International Group of P&I Clubs, have agreed on new drafted guidelines for marine casualty claims.
Gallagher Re reshuffle continues with Jaffe-led marine team exitMarine reinsurance broker Anthony Jaffe is set to exit Gallagher Re along with four to five other members of the London-based marine reinsurance team, The Insurer can reveal.