Apollo writes first risks for Smart Follow ventureLloyd’s insurer Apollo has written its first two risks on its new Smart Follow venture.
MS Amlin names Forsyth head of marineMS Amlin has appointed Stuart Forsyth as head of marine, with incumbent Laurence Humberstone set to retire after 19 years at the carrier.
Falvey formally announces arrival of new CUO Nasso from AscotFalvey Insurance Group has formally announced the hire of Thomas Nasso as its new chief underwriting officer, with the executive having officially started working at the marine-focused MGA on Monday.
UK regulator acts on specialty intermediary CMI over reporting “failure”The UK’s Financial Conduct Authority has revoked the permissions of specialist marine intermediary Cargo Marine International Insurance Consultants amid concerns over the broker’s ability to continue trading after it had failed to submit returns.
Pen Underwriting takes box at Lloyd’sArthur J Gallagher’s UK-based MGA Pen Underwriting has taken a box at Lloyd’s for its specialist marine team.
Skuld on track for FY premium income of $500mnOslo-headquartered marine insurance provider Skuld has predicted its premium income surpassing $500mn at year end, offering bullish guidance on its growth strategy ahead of the upcoming P&I renewal.
Markel leads ~$65mn hull policy for Houthis-seized Galaxy Leader vesselMarkel is the lead on the ~$65mn hull policy for the Galaxy Leader vessel seized by Yemen’s Houthi rebels, The Insurer can reveal.
Chaucer names McGill’s Schnorr as head of marine and energyChaucer has appointed Simon Schnorr to the new role of head of marine and energy, in the latest exit from McGill and Partners’ treaty reinsurance team in London.
QBE expands marine offering into Germany and targets Netherlands for future growthAustralian insurer QBE has extended its European marine offering into Germany, following launches in France and the Nordics over the past year.
Marsh names Kowell marine, cargo and logistics practice leader in US and CanadaMarsh has appointed company veteran Janice Kowell as marine, cargo and logistics practice leader within the US and Canada.
Cargo insurance market saw 33.8% YoY claims increase in 2022: IUMIThe cargo insurance market incurred $1.11bn of losses in 2022, an increase of 33.8 percent on the $831mn recorded in 2021, according to the International Union of Marine Insurance.
Miller bolsters marine team with Bisbas hireMiller has named Andreas Bisbas as chairman of marine mutual reinsurance and head of mutual war within its growing marine team.
Rokstone unveils double NY hire amid North American marine pushRokstone has made a double hire in its New York office in the latest additions to the Aventum Group-owned MGA’s North American platform.
Fiducia MGA launches marine equipment underwriting facility for offshore projectsBP Marsh-backed specialty MGA Fiducia has launched a marine equipment underwriting facility for offshore energy and marine projects in the UK, with capacity provided by Berkshire Hathaway Specialty Insurance.
Gard board agrees 5% renewal premium increaseGard’s board of directors has agreed a 5 percent premium increase for the upcoming P&I renewal.
Lloyd’s marine insurers and Marsh McLennan critical to Zelensky’s imminent new Ukraine grain export schemeA number of Lloyd’s and London market marine insurers – including Ascot and Markel – have committed to supporting a groundbreaking partnership with the Ukrainian government that is expected to be unveiled later this month, The Insurer can reveal.
The invaluable role of the IUA MTC in marine insuranceMarkel International marine director Dan McCarthy explains how the International Underwriting Association and its Maritime Technical Committee have led the charge in supporting marine insurers with emerging and geopolitical risks, while bringing more representation to underwriters through lobbying activities with NGOs.
Gard and DNK launch war risk serviceP&I club Gard has entered into an agreement with the Norwegian Shipowners’ Mutual War Risks Insurance Association (DNK) to launch a war risk service.
New horizons in SingaporeJulian Franzman, executive director and head of marine, cargo and stock throughput (Asia Pacific) at Howden, explains how he and his team are building something exciting in Singapore.
RELA launches marine market propositionRenewable Energy Loss Adjusters has launched a new claims adjustment proposition dedicated to the marine market, led by CEO Alan Tucker.