Marine – Page 3
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NewsAxa prepares for ‘potential claims’ from Ukraine and Russia war through exposed lines
Some of the insurer’s crisis management policies, for example, have been ‘triggered because of the war in Ukraine’, says group chief financial officer
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NewsBeazley posts 2022 half-year COR of 87%
The insurer is actively managing ’inflation and recession’, says chief executive
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NewsPIB buys Spanish specialist broker
The purchase represents a continuation of the firm’s strategy to turn towards European M&A
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NewsRussia-Ukraine conflict sees Beazley predict £41m plunge
The insurer’s chief executive, however, ‘remains confident’ in its combined ratio guidance for 2022
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AnalysisBriefing: Russia-Ukraine insured losses deemed ‘manageable’ – but how long for?
Investment bank predicts that conflict losses will be ‘manageable’, yet insurer boss believes flexibility will remain central for keeping abreast of unfolding situation
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NewsConcirrus set to support Howden’s digital transformation programme
The broker will be the first in the market to use Concirrus’ data and analytics platforms
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IT InterviewAndrew Yeoman: Internet of Things could fundamentally change how insurance works
The insurtech’s chief executive believes that IoT is the way forward for the insurance industry because the technology is coming of age
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NewsBeazley launches affirmative cyber cover for luxury yachts
With an £18m aggregate policy limit, the insurance product aims to combat cyber threats to superyachts using ‘preventative mitigation services, traditional asset indemnity and immediate response services to incidents’
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NewsUK P&I Club and Suez Canal Authority reach deal to release Ever Given vessel
The businesses are now working together to finalise formalities for a signed settlement agreement
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NewsAon using IoT to cover Covid-19 vaccine supply chain is ‘game changer’ says GlobalData
The insurer can establish trigger points, leading to faster claims settlements
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News AnalysisSuez Canal blockage leaves ‘(re)insurers significantly exposed to business interruption risks’
As the Suez Canal reopens, the insurance industry is bracing itself for huge losses ‘made up of compensation for delays’ and covering ‘potential damage to cargo’
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NewsHowden sets sail into superyacht market
The move plans to take advantage of ‘the marked uptick in the superyacht industry’
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NewsNexus Group buys marine business from Hiscox MGA
Hiscox will continue to provide capacity for the business, alongside Talbot and AXA XL
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Online onlyBeazley boosts GWP by 11% in Q1
Lloyd’s insurer’s figures boosted by growth in marine and aviation
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NewsGeneral Legal Protection launches marine legal expenses product
Bishop Skinner Marine helps develop offering
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Online onlySpotlight on: Piracy at sea
Pirate attacks on shipping off the Somalian coast have been costly for insurers and ship owners in recent years. Insurance Times examines the state of the problem and the possible ways forward for the industry.
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NewsAscot and Marketform back CEP anti-piracy scheme
December deadline may be a ‘challenge’ says CEP boss
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NewsUK insurers foil Syrian munitions deal with Russia
Standard Club cancelled insurance policies for 8 Russian-owned ships
