Florida’s Citizens and its broker Gallagher Re have gone out to the traditional reinsurance market this w...
Baltimore bridge loss estimated at $1bn-$3bn with Lloyd's share $250mn+
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Early analyst estimates are converging around an industry loss of between $1bn and $3bn for the collapse of the Francis Scott Key Bridge in Baltimore...
Article / 22 days ago
Axa XL names Cole to lead global marine underwriting
Axa XL has appointed Neil Cole as global chief underwriting officer for marine....
Axa XL has appointed Neil Cole as global chief underwriting officer for marine....
Article / 23 days ago
Significant P&I claim likely after Britannia-registered
A significant P&I claim that may trigger the International Group of P&I Clubs reinsurance arrangements is likely, after the container ship Dali caused...
A significant P&I claim that may trigger the International Group of P&I Clubs reinsurance arrangements is likely, after the container ship Dali caused...
Article / 24 days ago
Thomas Miller Specialty provides P&I cover for Red Sea's first casualty Rubymar
Thomas Miller Specialty provides the P&I cover for Rubymar, the first vessel to sink in the Red Sea amid the recent spate of attacks by Houthi rebels....
Thomas Miller Specialty provides the P&I cover for Rubymar, the first vessel to sink in the Red Sea amid the recent spate of attacks by Houthi rebels....
Article / 1 month ago
Quest for market share leads to P&I market softening at 2024 renewals
Attempts by carriers to maintain market share have allowed brokers to pursue aggressive pricing decreases at this year's P&I renewals, with some clubs...
Attempts by carriers to maintain market share have allowed brokers to pursue aggressive pricing decreases at this year's P&I renewals, with some clubs...
Article / 2 months ago
Climate groups call on insurers to cease gas underwriting following US export pause
Seven insurers have been called on by a coalition of more than 100 climate groups to cease underwriting new and expanding liquified natural gas...
Seven insurers have been called on by a coalition of more than 100 climate groups to cease underwriting new and expanding liquified natural gas...
Article / 2 months ago
Insurers granted access to purchase price information under Russian oil price cap
The Price Cap Coalition, which regulates the transport and insurance of Russian CN 2709 and CN 2710 cargoes, has updated the price cap rules to...
The Price Cap Coalition, which regulates the transport and insurance of Russian CN 2709 and CN 2710 cargoes, has updated the price cap rules to...
Article / 2 months ago
SiriusPoint names Fenn as London head of marine
SiriusPoint has hired former Markel marine veteran Chris Fenn as its London head of marine, The Insurer understands....
SiriusPoint has hired former Markel marine veteran Chris Fenn as its London head of marine, The Insurer understands....
Article / 3 months ago
Mariners push back at Russia oil cover claims
UK marine insurers have defended their commitment to the Russian oil price cap following research that found €46.4bn ($50.1bn) of Russian oil was...
UK marine insurers have defended their commitment to the Russian oil price cap following research that found €46.4bn ($50.1bn) of Russian oil was...
Article / 3 months ago
P&I clubs lose appeal for UK's sole arbitration of €425mn Venezuela dispute
The UK Court of Appeal has dismissed the UK Mutual Steamship and UK P&I Club's appeal for the UK courts to be the sole arbitrator of a dispute with...
The UK Court of Appeal has dismissed the UK Mutual Steamship and UK P&I Club's appeal for the UK courts to be the sole arbitrator of a dispute with...
Article / 4 months ago