Marine
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News
Concirrus moves into profitability after 204.6% revenue boost
’Having bought out our venture investors in early 2023, financial stability became a priority,’ says chief executive
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News
Ardonagh Specialty’s Price Forbes moves all business lines to Whitespace
’We now look forward to further developing our partnership with Whitespace,’ says chief digital officer
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News
LMA releases updated hull and cargo clauses
’The LMA remains committed to assisting insurers in responding to requirements in an increasingly complex regulatory landscape,’ says legal director
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News
Newly launched MGA secures £1.6m investment from BP Marsh
’With their support, we look forward to achieving our long-term goals,’ says cofounders
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News
Pen to continue investment in digital and in-person trading after securing Lloyd’s box
’Lloyd’s provides us with a platform where we can build strong personal connections with brokers,’ says co-managing director
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News
Marsh McLennan launches new facility offering insurance for Black Sea grain shipments
’The launch of this insurance facility will especially benefit the developing nations that buy much of Ukraine’s grain,’ says chief executive
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News
High Five: Catch up on the biggest stories this week
Insurance Times rounds up the biggest stories of this week
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News
New marine insurance solution for Ukrainian grain corridor announced
’We look forward to helping Ukraine resume the vital international shipping of its grain,’ says head of direct marine
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News Analysis
Briefing: Can insurers put Ukrainian Black Sea exports back on track?
Many underwriters said they were likely to wait and see how the initial transits fared before committing to action
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News Analysis
Marine insurers told they cannot leave clients all at sea with increased net zero ambitions
While the ongoing conflict in Ukraine loomed large, the challenges of climate change and technology were prominent pieces of the IUMI’s agenda
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News
Marsh ‘exploring options’ after cover for Ukrainian shipments suspended
The cover was suspended following the expiration of the Black Sea Grain Initiative
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News
Vessel Protect to better broker offering with new maritime and security risk hire
Chief executive says the firm has ‘huge ambitions to keep on increasing our value proposition to brokers’
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News
RSA Insurance expanding marine offering with superyacht practice
Director says move represents ‘good opportunity’
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News
Pen Underwriting makes splash into specialist marine sector with acquisition
The new buy adds £90m of gross written premium to Pen, says statement
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News
New marine casualty claims guidelines launched
New guidelines ‘will result in clearer lines of communication and will assist in the efficient management of claims’, says JMCC chair
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News
Marine insurance sector’s role in Ukrainian grain shipments has ‘saved lives’
Vital shipments of grain to support the global food market have been backed by the insurance sector, but a treaty is now under threat
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News
AR deal sees broker moor to marine sector
The ‘expertise’ of the new AR will expand the broker’s capabilities in the sector
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News Analysis
Briefing: Marine insurers hope Ukraine war anniversary will not leave them in sea of claims
With vessels still stranded in Ukrainian ports, there is a very real risk of marine hull claims following the conflict’s one year anniversary this month
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News
Reinsurers’ retreat leaves marine underwriters to sail alone in a sea of rising risks
Marine insurance trade association confirms the sector ‘has much work ahead’ if it wants to keep pace with ongoing challenges
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News
Aston Lark expands marine business with purchase of N&G book
The purchase will also see marine underwriter Mike Jeffrey move across to Aston Lark