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Marine Insurance

Marine insurance is experiencing a period of rapid change, with a prolonged struggle to deliver underwriting profit forcing companies to reevaluate their proposition and the need to modernise. The class of business on which Lloyd’s was founded, the marine market is now navigating through a transitional period as it embraces technological reform and looks to rebuild its profit margin against a challenging operational backdrop.

Marine

Rokstone hires senior QBE duo for Singapore marine expansion

Managing general agent appoints Sharon Seah and Hui Ling Long as directors in its new Singapore hub

Singapore Distribution

Miller hires NorthStandard’s Taylor to lead P&I

Nick Taylor joins London-based re/insurance broker to oversee direct P&I business

London People moves

Swedish Club expands China footprint with Ping An partnership

Deal will give Chinese owners easier access to International Group pool scheme

China Sweden
EXCLUSIVE

Axa XL leads war risk slip for twice-attacked cargoship

Convex understood to have follow position on Aon-brokered cover for Minervagracht

London Axa

New maritime decarbonisation technologies are impacting marine insurers

While many of these technologies are currently at early stages of development, their broader adoption will have implications for marine insurers

International Specialty

Pine Walk to launch reinsurance cell Imala Re

Vega-led managing general agent will write an international book of Latin American and Caribbean property, motor and narine treaty reinsurance

South America North America

Shipowners’ Club to offer combined P&I and H&M cover

Product made possible after acquisition of Lloyd’s MGA Waterborne last year

Marine London

NorthStandard expands energy proposition with Dale hires

Marine mutual appoints Matt Holmes and Andrew Carter to lead entry into upstream energy and marine and energy liability

United Kingdom Specialty

Leading brokers expect P&I rate hikes at next renewal

Annual reports predict sixth successive year of steep premium increases

Specialty Marine

Gallagher hires Witchard to lead Middle East marine

Broker expands Middle East and Africa marine practice with senior Marsh hire  

Middle East and Africa Gallagher
LISW

Russia sanctions risk undermining future of International Group

Tipping point may come by end of decade, as shipowners turn to non-Western insurers just to keep trading, NorthStandard lawyer argues

International Marine

Dual Europe enters cargo market

Managing general agent continues to expand marine division

Europe Marine
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