Marine
Beazley puts UK regional marine book into run-off
Beazley has placed its UK regional marine book into run-off, citing pressure from low margins, following a strategic review.
Martin Kelsh joins HW Wood
Martin Kelsh, the former production and distribution director of Neon, has joined Lloyd’s broker HW Wood as head of the international non-marine team.
Editor's comment: 2020 - A year of celebration
The year 2020 has been a long time coming for some in our family. In 1995 my lovely, tiny and very northern grandmother turned 95 and since then all 12 of her great-grandchildren have been counting down to the day she turns 100 and gets her card from The…
This month: Discount rate, driverless vehicles and digitalisation
As 2019 draws to an end, everyone is thinking about what the new year may hold for them, whether it's an exciting new job or simply committing to some small lifestyle changes. One person who has set some plans in motion for 2020 is former Zurich and Axa…
Spotlight: Autonomous Vehicles: Is automation the answer to insurers’ nightmares or a dream come true for thieves?
At every trucking fair and trade publication and in each promotional video the industry is demonstrating the advances in autonomous commercial vehicles
Victory for insurers in $77m 'pirate attack' fraud case
A High Court judge has ruled that insurers do not need to cover the cost of an alleged pirate attack on an oil tanker because the ship’s owner was responsible for the incident.
MS Amlin to withdraw from nine lines of business
MS Amlin is to withdraw from nine lines of business that “no longer form part of its future strategic direction” as part of a wider restructure following an underwriting review.
AIG's Anthony Baldwin on the evolution of the London market
2019 has been a year of changes in the London Market. The Decile 10 review at Lloyd’s in 2018 was the most high-profile example of insurance businesses reviewing their operations
Remedying Risks: Managing cyber risks in marine
Seizure of oil tankers hits headlines but Royston Ford, head of marine and specialty at RSA Risk Consulting, believes the likelihood of cyber attacks occurring are low and can easily be guarded against.
Hiscox floats seized ship cover as Iran Gulf tensions threaten premiums
Hiscox has developed a product designed to protect shipping targeted by nation states amid warnings that escalating tensions between Iran and the UK and its allies could lead to higher insurance premiums.
Interview: Paul Greensmith, Axa XL
Having been through one merger already Axa XL’s UK CEO Paul Greensmith, took the most recent change in his stride. But he explains to Jen Frost that, even though his part of the business is now part of the behemoth Axa, it will retain its agility,…
Axa XL's Paul Greensmith and Axa UK's Jon Walker on transforming logistics with IoT
With the Internet of Things transforming logistics, Paul Greensmith, CEO of UK Legal Entities at Axa XL, and Jon Walker, executive managing director commercial intermediary at Axa UK, explain how the insurance industry can use the wealth of data produced…
Spotlight on: Beazley's Birmingham office
Exclusive: Beazley opened its Birmingham office as part of a strategy to diversify away from its core US business. Fourteen months later, the office is likely to be held up as a model for the company's further expansion plans.
Lloyd's outlines recovery plan for 2019
Lloyd’s syndicates will continue to face a rigorous performance management regime, as the market seeks to boost its profitability.
Roundtable: Modernisation in the London market
Post, in association with WNS, held a roundtable with London market leaders, to discuss whether Lloyd’s modernisation is gaining momentum, and what the state of play is for the technology drive
I work in insurance: Stephanie Horton, River Canal Rescue
After buying her own boat, Stephanie Horton, managing director of River Canal Rescue realised not everyone has the expertise to fix their vessels so now she comes to the aid of those in trouble on the water
RSA pulls out of three London market lines
RSA is withdrawing from three of its business lines as part of a restructure of its specialty and wholesale business.
Barbican syndicate takes ‘hard decision’ to withdraw from multiple lines
Barbican’s syndicate will withdraw from property, marine cargo and hull, and professional indemnity insurance.
Miller acquires fellow Lloyd's broker Alston Gayler
Miller Insurance Services has reached an agreement to acquire marine and specialty broker, Alston Gayler and Co, for an undisclosed amount.
Standard Club to leave Lloyd's next year
Mutual protection and indemnity club, The Standard Club, will withdraw from underwriting at Lloyd’s in 2019.
Ex-Validus director of strategy John Hendrickson appointed Starstone CEO
Global specialty insurer, Starstone have announced that they have appointed John Hendrickson as group CEO.
IUA reports London company market growth of 16%, largest seen for five years
The total premium either written or controlled by the London company market has risen to £26.31bn – a 16% increase – according to the International Underwriting Authority's new statistics report.
Marine mutuals The Strike Club and The Standard Club to merge
Marine delay insurer, The Strike Club, has announced plans to merge with fellow mutual marine insurer The Standard Club group.
Top 30 European insurers 2018: A year of steady growth for insurers
Overall, top-line growth for the 30 largest European insurers has been steady, reflecting the underlying economic conditions throughout Europe, explain Tim Prince and Yvette Essen, director of analytics and director of research at AM Best