Marine
Legal update - insurance law reform: Out of pocket
Emma Rice looks at the proposed changes to insurance law, which currently does not recognise an obligation to pay damages over failure to pay claims, and what it could mean for insurers.
Swiss Re evolves Cargo Cat Sim tool into marine
Swiss Re is to develop its Cargo Cat Sim tool for use across its marine book of business.
IUMI conference preview: Ready to launch
Eric Alexander previews the upcoming International Union of Marine Insurance conference in Zurich and predicts what the hot topics for the market will be.
Canopius announces promotions
Canopius has announced two promotions in its treaty reinsurance division.
Broker focus - Premium liability: That boat has sailed
With the publication of Issues Paper Eight in July, the Law Commission set about addressing an anomaly that applies to marine insurance, which makes brokers responsible for paying their clients' premiums to underwriters. Rachel Gordon explains why it…
Interview - Ken MacDonald: Keeping it simple
As former chief exec of Aon Global UK, Ken MacDonald has been refreshed by a return to a private company. Lynn Rouse talks to Miller's head of corporate risks about triple-digit growth and targeting FTSE 250 firms.
Allianz aims for €120m target with new Madrid corporate base
Allianz Global Corporate & Specialty, the insurance group's dedicated carrier for large corporate insurance customers, is opening a branch office in Madrid.
Rendevous - Talking heads 2010
Reinsurance talks to some of the industry heads ahead of the Monte-Carlo Rendevous.
Insurance industry warned it could face more EC enforcement actions
The insurance industry has been told that it could face more enforcement actions from Brussels.
Exclusive marine content now available on Post Europe
In Post Europe's latest "View from the Top" article RSA’s Richard Turner predicts what the major talking points will be at the at the International Union of Marine Insurance conference taking place in a few weeks.
View from the Top - Meeting the challenge of a new decade in marine
The International Union of Marine Insurance holds its annual conference in Zurich this September, where it will be debating the common theme of ‘Meeting the challenge of a new decade’.
EC opens antitrust investigation into insurance
The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules.
Arc Legal moves into marine legal expenses
Arc Legal Assistance is to launch a dedicated yachting and marine pleasure craft legal expenses cover and claims service.
EC opens antitrust investigation into insurance
The European Commission has opened formal proceedings to investigate whether certain provisions accompanying claim-sharing and joint-reinsurance agreements in the marine insurance sector might infringe European Union antitrust rules.
BIS countdown - Interview - Michael Casella: Commitment to the Chubb cause
The new CEO of Chubb Europe, Michael Casella, has spent 28 years travelling the world with the firm. Now based in London, he tells Jonathan Swift why it set up a new Lloyd's syndicate and why you'll never see it dipping in and out of markets.
Law report: Defendant's breach of duty over noise measurements results in reversal
This law report has been contributed by national law firm Berrymans Lace Mawer.
QBE Europe H1 profits increase to $222m
QBE Europe reported a pre-tax insurance profit of $222m (H1 2009: $213M). Its gross written premium for the first half of 2010 was up 8% to US$2.412bn (2009 US$2.228bn).
RSA spotlight - Bob Mendelsohn: Whatever happened to Bob?
Having promised RSA that he would make it his mission to track down its former CEO Bob Mendelsohn to mark the firm's 300th anniversary, Jonathan Swift's job was made somewhat easier than anticipated when he resurfaced at US insurer Navigators last week…
Validus makes $6.6m operating loss for H1 2010
The Bermudan (re)insurer has recorded an operating loss of $6.6m for the six months ended 30 June 2010, compared with a net operating income of $210.8m for the same period in 2009.
Ropner launches ship repairers liability product
The Ropner Yacht Team, part of Ropner Insurance Services, has announced the launch of a first party ship-repairers liability insurance product for individual yacht owners and underwriters.
Postscript - 30 years ago: P&I club braced for record loss
Looking through Post's back catalogue paints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Underwriting Service Awards 2010 - rewarding insurance underwriting excellence
Post has launched the all new Underwriting Service Awards, designed to identify, reward and shine a light on the highest performing insurance industry underwriters across a number of different insurance specialisms. The winners will be announced at a…
Yachts & pleasurecraft - fraud: Making waves
The recession saw fraud in the yacht market rocket after an unprecedented boom-bust in prices. Nick Smith examines the current situation.
News comment - Law Commissions: Raising the stake
Richard Evans examines the Law Commissions' latest proposals for reform of insurance contract law with regards to the issue of fraud.