All Marine articles
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NewsWillis and Markel launch $200m cargo facility to address rising geopolitical risk
The new facility, branded Undercover, combines multiple risk exposures into a single facility, allowing cargo owners to tailor cover for geopolitical perils such as war on land, terrorism, political violence, and confiscation.
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NewsOptio expands into Scandinavia with Norwegian marine MGA acquisition
Specialty MGA has bought S Insurance, a Bergen-based marine hull insurance MGA, for an undisclosed sum.
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NewsMontreal Port strike to cost $55m a day, says Russell
The Montreal Port strike is expected to cost the Canadian economy an estimated $55m per day, according to analysis by data and analytics firm Russell Group.
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NewsDUAL appoints Stoop as its Benelux MD
The MGA arm of Howden Group said it was strengthening its presence in the region.
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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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NewsDUAL Europe acquires marine team from Swiss Re
Genoa-based marine team acquisition gives MGA DUAL the mandate to underwrite marine business on behalf of Swiss Re as capacity provider.
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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.
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NewsAscot announces marine and energy treaty launch
Alex Kirkby, head of marine and energy in Bermuda will take the lead, the re/insurer said.
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NewsMarine update on Red Sea, Black Sea, Panama Canal – IUMI
Marine war insurance rates are “about level” between conflict zones in the Black Sea and the latest Red Sea hotspot, according to a meeting of the International Union of Marine Insurance (IUMI).
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NewsAlta Signa launches European marine division
Brussels-based MGA Alta Signa appoints Francesco Dubbioso, in Genoa, to lead its new marine unit.
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NewsHowden Ventures innovation hub launches with £500m capacity
New incubator backed by delegated underwriting capacity from backed by Lloyd’s underwriters, including Tokio Marine Kiln, Chaucer, and Liberty Specialty Markets. Its first investment was named as CetoAI, a marine technology firm.
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NewsHowden, Fidelis MGU strike deal to transfer oil from tanker off Yemen
Tanker FSO Safer has been moored in a state of disrepair off war-torn Yemen since 2015, a ticking timebomb for an environmental disaster.
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NewsSCOR extends partnership with insurtech Concirrus
Partnership will allow underwriters to more accurately price future risks within SCOR’s marine line of business
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NewsOptio Re MENA commences trading
The specialty MGA is now open for business in MENA through its Dubai-based operation
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NewsAntares promotes Eddie Hughes to head of reinsurance
He previously served as class underwriter, marine and energy reinsurance
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NewsSukoon syndicate-in-a-box gains DIFC approval
Led by Amey Masurkar, it will be the first SIAB to operate outside of London with the support of Lloyd’s DIFC
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NewsHowden completes buyout of AlphaXO Risk Partners
Australia-based specialty broker is one of the major marine insurance intermediaries in the Pacific region
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NewsRush of ‘total loss’ Ukraine marine claims expected
The full value of vessels trapped in Ukrainian ports could be as much as $800m to $1 billion
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NewsVolante opens shop in the DIFC
It will offer a combination of treaty and facultative reinsurance across multiple lines through Lloyd’s Syndicate 1699
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NewsMiller appoints Matthew Hooker as regional head of Energy for Asia-Pacific
Hooker joins from Allianz Global Corporate & Specialty, where he was Asia Pacific regional head of Energy & Construction
