Reinsurance News
marine insurance
Canopius names Neetu Varghese as Head of Marine, US
7th May 2025
Canopius, a specialty and P&C re/insurer, has announced the appointment of Neetu Varghese as Head of Marine, US, Varghese steps into the role following her tenure as National Cargo Manager at Canopius since 2023. This appointment marks a significant step in Canopius’ strategic expansion within the US marine insurance market. With more ... Read the full article
Ceto to use $4.8m investment to expand data-driven marine insurance product
2nd May 2025
Ceto, a platform that provides predictive analytics for the maritime industry, has secured $4.8 million from its latest fundraising round to start its data- driven insurance product and support its ongoing global expansion. The round was led by Dynamo Ventures, with participation from Howden Ventures, Signal Ventures, and Motion Ventures. The marine ... Read the full article
Aon acquires Atlas Insurance Agency to expand marine offering in Israel
30th April 2025
Global insurance and reinsurance broker Aon has acquired the operations of Atlas Insurances Agency, one of Israel’s most established insurance firms specialising in marine insurance. Atlas, a Lloyd’s coverholder, offers a range of marine insurance coverage, including cargo, hull and machinery, and charterers’ liability. With 50 years of industry experience, Atlas ... Read the full article
Skuld appoints Thea Thorstensen & Nicola Kingman to key roles
11th April 2025
Global marine insurer Skuld has appointed Thea Thorstensen to its global business development team and Nicola Kingman as Global Head of Yachts. Thorstensen has been with Skuld for over a decade, holding various roles including Underwriter Executive, VP, Head of Underwriting for Skuld Oslo1, and most recently Senior Vice President, Head ... Read the full article
Baltimore Bridge collapse highlights complexities of marine liability claims & importance of adaptability: Howden
7th April 2025
As the marine re/insurance sector marks the one-year anniversary of the Baltimore Bridge collapse, the industry continues to navigate the long-term implications of what has been one of its most significant loss events for the industry in recent years, global re/insurance broker Howden highlights. While initial estimates placed the potential cost ... Read the full article
Morningstar DBRS estimates up to $300m insured loss from North Sea oil tanker collision
12th March 2025
Morningstar DBRS, a credit ratings agency, estimates that total insured losses from the 10 February 2025 collision between the MV Solong and MV Stena Immaculate could range from $100 million to $300 million, following significant damage, a fire, and a fuel spill in the North Sea. While most of the crew ... Read the full article
Skuld reports strong P&I policy renewal and continued growth for 2025/26
27th February 2025
Skuld, a global marine insurer, has announced the successful renewal of its protection and indemnity (P&I) policies for the 2025/26 policy year. The company has welcomed a significant number of new members, increasing its entered mutual P&I gross tonnage (GT) by 6% as of 20 February. This figure does not include ... Read the full article
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
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