All marine and energy articles
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NewsApollo appoints Portman to lead energy division and drive growth
Lloyd’s insurance firm and syndicate manager Apollo has named Steve Portman as head of energy, with effect from June 2025, as the firm looks to strengthen its energy portfolio and market position. Portman (pictured), will be based in London, and will report to Simon Mason, head of ...
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NewsMarine: Geopolitical tensions threaten global shipping safety gains - Allianz Commercial
Allianz report highlights rise in shadow fleet risks, US-China trade conflict, and mis-declared cargo concerns—despite record low in total ship losses.
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NewsWelton joins The Fidelis Partnership as head of specialty
Peter Welton previously led marine, energy and aerospace underwriting at Lloyd’s for AXA XL before joining the MGA arm of Fidelis.
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NewsWillis warns of ‘profitability tightrope’ for energy insurers
Willis’s global head of natural resources, Rupert Mackenzie, warned that insurers’ profitability challenges are mounting.
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NewsAXA XL adds CUO, marine, energy heads at UK and Lloyd’s specialty team
AXA XL’s UK & Lloyd’s business unit announced the appointment of a new specialty CUO who joins from Marsh, plus a new head of marine and energy.
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NewsWillis clean energy study finds ‘natural resources at tipping point’
Willis launched its 2025 Global Clean Energy Survey, finding long-term clean energy plans are ambitious despite short-term fossil fuel plans.
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NewsMiller announces acquisition of marine and energy focused broker AHJ
Broking acquisition of marine and energy-focused reinsurance intermediary “to significantly accelerate Miller’s reinsurance build-out”.
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NewsArch expands international renewables business
Michael O’Neill becomes onshore power and renewables underwriting manager.
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NewsNew MGA Volt Underwriting hires London market energy leader
Louis Scott joins the newly-formed managing general agent (MGA) from Travelers.
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NewsWTW report warns of marine & offshore energy hybrid warfare targets
‘Gray zone’ attacks against ships, undersea cables, and offshore oil installations are a major risk in 2025, the broker has warned in a new political risk report.
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NewsBMS adds to energy broking practice with three new senior hires
Three London additions to the specialty re/insurance broker come from rival intermediaries Howden and Price Forbes.
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NewsIUMI’s marine insurance stats reveal premiums rise
A 2024 analysis of the global marine insurance market was released by the International Union of Marine Insurance.
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NewsStrikes at US East Coast ports could generate a $63bn hit – Russell Group
Economic losses could be severe from industrial action threatened in October at 36 American ports, from New York to Houston.
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NewsAmphitrite gets Lloyd’s coverholder approval
Specialist marine MGA wins final approval from the Lloyd’s market, unlocking its “enhanced access to capital”.
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NewsIGI expanding specialty treaty arm amid reinsurance market opportunities – Jabsheh
The re/insurer’s treaty business has doubled in size, particularly in London market specialty, according to IGI’s president and CEO, speaking to GR at RVS 2024 in Monte Carlo.
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NewsGuy Carpenter issues Global Specialties 2024 market update
Report from the reinsurance broker includes non-marine, terrorism, marine and energy, construction and engineering, aviation and aerospace, trade credit, bond and political risk.
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NewsNavigating the oil price cap changes in the shipping industry
Insurers play a pivotal role in assessing and mitigating risks associated with sanctions violations, and adjustments to the OPC scheme were effective from February, writes Daniel Tadros, chief operating officer, The American Club.
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NewsApollo, Munich Re Syndicate, Tokio Marine HCC partner on marine builders’ risk Lloyd’s consortium
The new consortium builds on an existing arrangement in which Apollo has partnered with Munich Re Syndicate on marine hull business since 2019.
