Marine
Beazley gives warningover energy rate spike
Worldwide energy insurance rates will continue to harden in 2010 due to the Deepwater Horizon oil disaster, with a further spike possible at the reinsurance renewal season, Beazley has claimed.
Montpelier Q2 net written premiums up 7%
Reinsurer Montpelier claims that premium growth in the last quarter has been driven by its Lloyd's and US operations, particularly its marine book.
JLT strikes Euro alliance with three continental powerhouses
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.
JLT strikes Euro alliance with three continental powerhouses
Three European independent insurance brokers, Siaci Saint Honore, Greco Group and Ecclesia Group have come together with Jardine Lloyd Thompson to sign an exclusive trading agreement.
Walsham Brothers director appointed Guy Carpenter marine and energy head
Martin Pepper has been appointed as head of Guy Carpenter’s London-based marine and energy practice with effect from August 16, 2010.
RSA sets sights on yachts
RSA is set to launch a new specialist Yacht Alliance policy.
Duo agrees London market technology deal ahead of 1 Jan 2011 roll out
Perspective Technologies, the messaging solutions specialist and Exari, the provider of automated document assembly, have reached an agreement whereby that they will jointly offer a document automation service to practitioners involved in the cross…
THB agrees cargo partnership with Catlin
THB’s marine division has partnered with Catlin’s UK regional marine team to distribute its online cargo facility.
Canopius confirms KGM interest as Lloyd's deadline approaches
Canopius, the largest privately owned Lloyd's insurer, has confirmed it is in talks to acquire up- for-sale motor underwriter KGM, with the deal expected to be completed within a fortnight.
Talbot appoints senior hull underwriter
Talbot Underwriting Ltd has appointment Mike MacColl as senior hull underwriter.
RSA overhauls marine offering
Insurer RSA has combined the existing divisions of its marine unit into a single transportation division.
LMG outlines next phase of electronic endorsement pilot
London Market Group has announced that its electronic endorsements pilot is moving into the next phase.
CNA Europe names new underwriting bosses
CNA Europe has appointed Paul Dowling and John Taylor to the newly created roles of chief underwriting offer of commercial lines and specialty lines respectively.
Chubb confirms £41.5m Lloyd’s syndicate
Chubb has confirmed it has received approval from the Lloyd’s Franchise Board to establish a new Syndicate which will be named Chubb 1882.
Postscript - 30 years ago: Shipbuilders buy 'state-of-art' data
Looking through Post's back cataloguepaints a unique picture of more than 150 years of insurance news, as this highlight from 30 years ago reveals.
Legal update - Piracy: Making demands
With pirate attacks becoming more regular, Emma Rice looks into the legal issues surrounding the payment of ransoms.
Lloyd’s insurer closes in on KGM acquisition as it looks to diversify book
The largest privately owned Lloyd's insurer Canopius has emerged as a leading contender to acquire up-for-sale motor underwriter KGM.
Aviva trains sights on specialty lines
Aviva's new chief underwriting officer Axel Schmidt has revealed a wide-ranging plan to broaden its risk appetite by concentrating on areas it is currently under strength in, including local authority insurance.
Lloyd's: Deepwater and Chilean earthquake bill could top $2bn
Lloyd’s announced today that it estimates its net claims before tax from the earthquake in Chile to be in the order of US$1.4bn.
London P&I Club increases free reserves by 22% in 2009/10
THE London P&I Club has reported a financial year surplus of $25.9m for the year ended 20 February 2010.
BIBA 2010: Ace launches four new enhanced business covers
Ace UK was today due to launch a suite of new products targeting companies with one or more overseas branches, retailers, hotel groups and machinery manufacturers.
Chaucer reports 11% hike in motor rates
Lloyd's insurer Chaucer this morning reported a drop in gross written premium income to £250.1m (2009 Q1: £257.8m).
Markel growth despite quake
Markel International reported a 13% growth in gross written premiums in the first quarter of the year to $208.2m (Q1 2009: $185.0m). However, the insurer's combined ratio deteriorated to 109% (Q1 2009: 97%), which it attributed to $17m or 12 points of…
Oil spill could cost $3.5bn
The Deepwater Horizon oil slick approaching the Louisiana coastline could cost the insurance industry $3.5bn (£2.3bn).