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Reinsurance News

Marine reinsurance

Willis Towers Watson names Patrick Murphy as Global Head of Cargo & Specie

10th January 2018

Willis Towers Watson has named Patrick Murphy, who joins from a role as Global Marine Practice Leader at Integro, as Global Head of Cargo and Specie within its Marine Corporate Risk and Broking Division. Murphy will lead client management, technical, placement and risk management specialists, supporting Willis Towers Watson marine clients in risk ... Read the full article

Beazley appoints underwriter within new U.S. marine platform

5th January 2018

Beazley has announced the appointment of John Moy has U.S. marine underwriter within its recently launched U.S. marine platform, reporting to Head of U.S. marine at Beazley, Steve Vivian. In his new role Moy will be responsible for underwriting and building the firm's U.S. hull, protection and indemnity (P&I) and ... Read the full article

Pioneer announces leader of new Ocean Marine division

2nd January 2018

Pioneer Underwriters has launched a new Ocean Marine underwriting division that will be led by Zach McAbee as Head of Ocean Marine. McAbee is based in Seattle and reports to Gene Hinman, Chief Executive Officer (CEO) of Pioneer’s U.S. operation. He brings over 20 years of ocean marine industry experience to the role, and was most ... Read the full article

Hurricanes will place a brake on marine rate reductions: JLT

30th October 2017

Marine underwriters, excluding the yacht market, were largely spared a heavy Hurricane Harvey and Irma impact, but their reliance on the same pool of investment and reinsurance will likely have put a brake on the rate reductions experienced in the last years, according to JLT's recent energy market report. “Although there are now ... Read the full article

Neon Italy launched with marine lines partnership

24th October 2017

Neon Italy has partnered with broker Cambiaso Risso in a joint venture to grow its marine books of business by targeting Hull and Cargo business underwriting in Italy. The broker will have a minority shareholding in the venture, which aims to grow Neon's marine portfolio by connecting its risk solutions with ... Read the full article

Re/insurance market must rise to the cargo challenge: Inga Beale, Lloyd’s CEO

15th September 2017

Inga Beale, the Chief Executive Officer (CEO) of the specialist Lloyd's of London insurance and reinsurance marketplace, has called for the re/insurance industry to step up to the challenges facing the cargo insurance industry, or risk losing out to new competitors. Research from Lloyd's underlines the decreasing profitability of the cargo ... Read the full article

Pioneer adds Stephanie Doggart as a Marine Underwriter, Preferred Partners unit

25th July 2017

Insurer Pioneer Underwriters has hired Stephanie Doggart from IGI UK as a Marine Underwriter within its Preferred Partners division. Doggart will report to Sophie Chapman, Head Underwriter of Preferred Partners and will be based in the firm's London office. She brings 20 years of marine industry experience to the role, and joins Pioneer from IGI ... Read the full article

Brit agrees on XL Catlin exclusive yacht portfolio renewal rights deal

24th July 2017

Brit Global Specialty USA (BGSU) has reached an agreement for exclusive renewal rights to part of XL Catlin's directly written yacht portfolio. Under the agreement, Brit BGSU’s Yacht team will service legacy Catlin policies written before the firm's acquisition by XL until expiration, and then provide eligible customers with renewal quotes. Matthew Wilson, CEO, ... Read the full article

North P&I Club names Andrew Hearne as Underwriting Deputy Director

29th June 2017

North P&I Club has named Andrew Hearne as Underwriting Deputy Director, as part of an underwriting team expansion effort to accommodate its market growth. Hearne will begin his role working with North's European team, based out of the club's Newcastle upon Tyne head office. Commenting on his appointment, Hearne said; "North has ... Read the full article

XL Catlin expands Latin America Marine Underwriting with string of hires and promotions

23rd June 2017

XL Catlin has expanded its Latin America Marine Underwriting team with a string of new hires and promotions in Brazil and Mexico. In Mexico Francisco Campos, previously Junior Underwriter, was appointed to Marine Cargo Underwriter; in Brazil Karina Amaral joined the team to take up the same position. The re/insurer announced the ... Read the full article

Pro Global & Zass International partner to expand marine recoveries services

22nd June 2017

Re/insurance consultancies Pro Global Insurance Solutions in Argentina (Pro) and Zass International in Germany have partnered to expand services in marine recoveries across Europe, Asia and the Far East regions. The cooperation enables Pro to expand into Europe and the Far East, while Zass would benefit from improved access to the ... Read the full article

MS Amlin names Björn Gehrcken Lead Class Underwriter, Marine & Aviation, Hamburg

21st June 2017

MS Amlin recently announced the appointment of Björn Gehrcken as Lead Class Underwriter of Marine & Aviation, based in the company's Hamburg, Germany, office. Gehrcken joined the firm on April 1st, 2017, and brings more than fourteen years of insurance industry and business law experience to the role. In his new role Gehrcken will ... Read the full article

Novae appoints Sarah Cracroft to Marine Trades Underwriting Manager

19th June 2017

Specialist listed Lloyd’s insurer, Novae Group (Novae), has appointed Sarah Cracroft - who joins from Everards Insurance Brokers - to Marine Trades Underwriting Manager. Cracoft brings nearly three decades of insurance industry experience to her new role, having held senior broking positions at a number of organisations. At Novae she will report to Paul Hartley, Marine ... Read the full article

Allianz warns against complacency despite 50% decline in global shipping losses

15th June 2017

Analysis by Allianz Global Corporate & Specialty (AGCS), a division of global insurer Allianz, reveals that worldwide shipping losses declined by 50% in 2016 over the last ten years. However, with areas of concern appearing to be on the rise and budgets coming under increasing strain, the insurer warns against ... Read the full article

Rod O’Malley joins StarStone as new head of cargo from XL Catlin

12th June 2017

Global specialty insurer StarStone has today announced the appointment of Rod O’Malley, who joins from XL Catlin, as head of cargo in London. As head of cargo he will report to global head of marine Simon Schnorr, who welcomed O'Malley to the team; “Rod joins us to build on StarStone’s strong existing cargo foundations ... Read the full article

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