Ed bolsters marine division with Lloyd and Partners hireBroking house Ed has strengthened its marine team with appointment of Patrick Jordan as divisional director.
Acappella builds out marine liability team after closing cargo bookLaurence Winter is set to join Lloyd’s platform Acappella to lead its marine liability business, re-Insurance.com understands.
MS Amlin taps Aon for war underwriterMS Amlin has appointed Brecht van Hoorebeke as a war underwriter, it announced today.
Older generation hampering market modernisationModernisation initiatives taking place across the market are being held back by senior practitioners who are unwilling to collaborate with rivals, Charles Taylor’s underwriter for Europe Ben Burkard has said.
Marine insurers must adapt to the new normal: BealeThe out-going CEO of Lloyd’s Inga Beale has told marine insurers to adapt to the “new normal” of low prices and increased loss ratios in order to become sustainable again.
Acappella latest to close marine cargo bookPembroke-owned Acappella has become the latest Lloyd’s syndicate to pull back from marine after jettisoning its cargo book, re-Insurance.com can reveal.
Marine insurance market ‘split’ and ‘confused’: JLTEfforts by Lloyd’s to talk up marine rates in the London market is driving a wedge between syndicates in One Lime Street and their international competitors, according to JLT.
Neon goes live with Nordic marine platform OrcaLloyd’s insurer Neon has confirmed the launch of Orca Insurance Agency, as first revealed by re-Insurance.com back in November.
Advent pulls the plug on hull and cargo bookFairfax-owned Lloyd’s syndicate Advent has become the latest carrier to pull out of marine classes, after it stopped writing hull and cargo lines earlier this week, re-Insurance.com can reveal.
Lockton takes Willis Re’s Ridge as marine and energy reinsurance bossIndependent broker Lockton has hired Jerry Ridge from Willis Re to head up its global marine and energy reinsurance division.
AmTrust shutters its Lloyd’s marine bookAmTrust has jettisoned its Lloyd’s marine business - which is thought to be worth up to £30mn ($39.9mn) - in a shock decision announced earlier this week, re-Insurance.com can reveal.
Gard faces P&I loss from Rotterdam port spillNorwegian P&I club Gard could be on the hook for a pollution-linked loss after a spill from a chemical tanker in Rotterdam released 217 tons of heavy fuel into the water while exiting the Dutch port.
Lloyd’s hones in on underperforming marine classesLloyd’s has issued yet another warning to syndicates writing various marine classes that profitability must improve or they face being barred from operating in the segment, re-Insurance.com can reveal.
Ark taps MS Amlin’s marine underwriter LurcottLloyd’s (re)insurer Ark has hired marine market expert Richard Lurcott, re-Insurance.com can reveal.
Axis’ marine head jumps ship for Tokio Marine HCCDarren Carr, the unit head of marine at Axis, has left the carrier for Tokio Marine HCC, re-Insurance.com can reveal.
Liberty’s long-serving marine and energy underwriter Pursey departsLiberty Specialty Markets’ global manager for energy exploration and production, Richard Pursey, has left the carrier, re-Insurance.com can reveal.
MS Amlin builds out Asia Pacific marine and energy teamMS Amlin has made three underwriting appointments to its Asia Pacific team as the carrier looks to expand its footprint in the region.
XL Catlin taps Brit’s Coutts for cargo bossXL Catlin has hired Andrew Coutts as its global practice leader for cargo, the carrier announced today.
Lloyd’s targets seven loss-making classes in new £6.4bn crackdownLloyd’s has instructed its managing agents to provide quarterly reports and an “action plan” on the underwriting performance of seven under-performing classes of business as part of a wider initiative to improve the market’s poor results, re-Insurance.com can reveal.
Tampakakis becomes the latest hull underwriter to leave TMKKonstantinos Tampakakis has become the latest marine underwriter to resign from Tokio Marine Kiln, re-Insurance.com can reveal.