Reinsurance News
marine insurance
Westfield Specialty expands marine team with underwriter Ben Beaumont
24th February 2025
Westfield Specialty International, a provider of specialty insurance and reinsurance solutions, has bolstered its marine team with the appointment of Ben Beaumont as a cargo underwriter. Based in London, Beaumont will work closely with Matt Jenkins, Class Underwriter for Cargo, as part of the company’s efforts to strengthen its capabilities in ... Read the full article
IQUW launches Ports and Terminals offering led by Ali Welchman
18th February 2025
Specialty and property re/insurer IQUW has launched a Ports and Terminals product, expanding its Marine insurance segment and reinforcing its business position. The new team, under the leadership of Ali Welchman, aims to help brokers and clients manage their risks with coverage for physical loss, damage to marine property and cargo ... Read the full article
Baltimore bridge collapse to affect direct pricing in marine space: Gallagher Specialty
31st January 2025
The catastrophic collapse of the Francis Scott Key Bridge in Baltimore, caused by the allision of the MV Dali, has sent shockwaves through marine reinsurers and is expected to affect direct pricing in the marine space, according to Gallagher Specialty. In its Marine Hull & Machinery and War Risks Market Report, ... Read the full article
DUAL partners with Quotech for advanced marine underwriting technology
14th January 2025
DUAL Marine Europe has selected Quotech, a developer of integrated technology solutions for underwriting and broking teams, to provide underwriting technology for its Marine teams in Genoa and Rotterdam. DUAL has implemented Quotech’s Risque Marine, an advanced underwriting workbench designed specifically for the maritime insurance sector, at both locations. The Genoa-based team ... Read the full article
West P&I Club completes acquisition of Nordic Marine Insurance
10th January 2025
West P&I Club, a global insurance provider for the maritime and offshore industries, has fully acquired Nordic Marine Insurance. Nordic provides fixed premium insurance for the marine industry, specialising in Delay Insurance, Primary Loss of Earnings, Hull and Machinery (H&M), Loss of Hire, Maritime Lien solutions, and other specialist products. West P&I ... Read the full article
Alexandros Ampatzis named Head of Marine for Asia-Pacific at Tokio Marine Kiln
31st October 2024
Tokio Marine Kiln (TMK), an international insurer specialising in niche insurance and reinsurance, recently announced the appointment of Alexandros Ampatzis as Head of Marine for the Asia-Pacific (APAC) region, effective November 1, 2024. Ampatzis will report to Jamie Tang, TMK’s Regional Underwriting Director for APAC. He is a seasoned expert in marine ... Read the full article
Colbourn joins Pen Underwriting’s TMT as UK Senior Marine Trades Underwriter
8th October 2024
Pen Underwriting’s marine business specialist, Trafalgar Marine Trades (TMT), extends its broker service capabilities with the appointment of Emma Colbourn as UK Senior Marine Trades Underwriter, effective October 8. Colbourn brings to her new role more than 25 years’ marine insurance experience and specialist knowledge. At Pen, she will focus on the ... Read the full article
Amphitrite Underwriting London appoints Fadi Faysal as Cargo Underwriter
27th September 2024
Amphitrite Underwriting London, a specialist in marine MGA, has announced the appointment of Fadi Faysal as Cargo Underwriter. Faysal, who will be working with Scott Sykes, Head of Cargo, brings over 15 years of extensive global experience in both cargo insurance broking and underwriting, with a particular focus on the Middle ... Read the full article
Sompo expands UK presence with marine insurance proposition
26th September 2024
Sompo, a global provider of commercial and consumer property and casualty re/insurance, has launched a new national marine insurance proposition for the United Kingdom. This new policy will allow the insurer, for the first time, to write Marine Cargo, and Transport & Logistics policies across the regions, in addition to London. Aimed ... Read the full article
Global Marine Insurance premiums hit $38.9bn in 2023, reports IUMI
25th September 2024
At its 150th annual conference in Berlin, Germany, the International Union of Marine Insurance (IUMI), a global association representing marine insurers, presented its analysis of the latest trends in the marine insurance market. In 2023, the global marine insurance premium base reached USD 38.9 billion, marking a 5.9% increase compared to ... Read the full article
Concirrus partners with Hellenic Hull Management to enhance marine underwriting
13th September 2024
Concirrus, a provider of AI-powered marine insurance intelligence, has partnered with Hellenic Hull Management (HMA) to improve and streamline HMA’s underwriting operations. The marine insurance industry faces challenges in modernising its practices, adhering to strict regulations, and managing increasing amounts of data. Traditional underwriting methods often lag behind technological advancements and ... Read the full article
Miller expands Marine team with Andrew Gordon appointment
13th September 2024
Miller, an independent specialist reinsurance and insurance broker, has announced the appointment of Andrew Gordon to its Marine team. Gordon's arrival marks another key step in expanding Miller’s Marine capabilities, following several senior hires last year, including Andreas Bisbas, Nick Lockyer, Lee Bright, and Craig Dennis. Nick Summers, Head of Direct Marine ... Read the full article
Insurwave & Ambrey team up to boost marine insurance & risk management
8th August 2024
London-based insurtech platform for specialty insurance, Insurwave, has entered into a strategic partnership with Ambrey, an organisation within martitime security risk management, which will see both firm's produce an integrated, comprehensive solution for marine insurance and risk management. The partnership will combine Insurwave’s specialty insurance technology with Ambrey’s maritime risk management technology ... Read the full article
AXA XL partners with US MIG to expand Inland Marine insurance offering
2nd August 2024
AXA XL and U.S. Marine Insurance Group (US MIG) have entered into an underwriting agreement to expand its Inland Marine insurance offerings in the supply chain and transportation sectors. Founded in 2015, U.S. Marine Insurance Group is an underwriting firm and licensed Managing General Agent that provides comprehensive insurance solutions for ... Read the full article
Navigators & General to be acquired by Geo Underwriting
1st August 2024
Geo Underwriting, a division of Ardonagh Advisory that offers diverse insurance solutions, plans to acquire Navigators & General (N&G), a marine insurance provider, from Zurich UK. Established in 1921 by Captain William Coombs, a WWI Veteran and Merchant Navy officer. N&G provides insurance coverage for a range of boats and vessels, as ... Read the full article
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