Reinsurance News

Marine reinsurance

EY partners with InsurTech company Concirrus on AI-driven marine solutions

13th April 2018

EY has announced that it will collaborate with InsurTech company Concirrus to support the adoption of behavioural-based underwriting and risk management in marine insurance, using artificial intelligence (AI) powered software. The partnership is intended to help modernise the marine sector’s traditional demographic based underwriting models, which rely on data like the ... Read the full article

R&Q’s Accredited commences program underwriting partnership with American Team Managers

11th April 2018

R&Q Investment Holdings Ltd (R&Q) subsidiary, Accredited Surety & Casualty Company Inc (Accredited) has announced a new program underwriting partnership with American Team Managers (ATM), effective April 1st, 2018. Under the new partnership, Accredited will act as the insurer on behalf of ATM, an independently owned insurance MGA focused on providing cargo ... Read the full article

Validus Specialty and Eagle Ocean America collaborate on U.S vessel cover

23rd March 2018

Validus Specialty Underwriting Services has announced that its Marine & Upstream Energy re/insurance team will collaborate with Eagle Ocean America to provide a new range of U.S vessel operator cover. The partnership will allow Eagle Ocean America, which is a full-service insurance facility operated by Eagle Ocean Agencies, to offer new ... Read the full article

AFL Insurance Brokers appoints Alex Mott to lead new marine division

15th March 2018

Independent Lloyd’s broker AFL Insurance Brokers (AFL) has appointed Alex Mott to head up its newly launched commercial Marine division, as Director of Marine. Mott previously managed the Ed / CGNB Marine broking team as Head Broker. His career as a Lloyd’s broker and broking team manager has seen him specialise ... Read the full article

North P&I Club names Simon Main as new Technical Director

14th March 2018

The North of England Protecting and Indemnity Association (North P&I) has announced the appointment of Simon Main as Technical Director in support of the development of the North P&I and Sunderland Marine (SMI) businesses. Main’s appointment represents an important development in North P&I's plans for growth and diversification at a time ... Read the full article

Swiss Re backs innovative coral reef insurance solution

12th March 2018

Global reinsurance giant Swiss Re has supported the development of an innovative new parametric insurance solution designed to help the conservation of the Mesoamerican Reef, which includes protecting the coral reef and beach sand against the impacts of major hurricanes. The new insurance solution was announced at the 2018 World Ocean Summit ... Read the full article

LMA Marine Committee elects new members

9th March 2018

A recent ballot of Lloyd’s managing agents has elected three new members to Lloyd’s Market Association’s (LMA) Marine Committee, in addition to re-electing seven others. The committee will now welcome James McDonald, who serves as Global Head of Marine and Energy at Talbot, Richard Tomlin, who is currently Atrium’s Class Underwriter ... Read the full article

Skuld reveals 9.4% growth in 2018 P&I renewals

26th February 2018

Marine insurer Skuld has revealed a 9.4% net increase in mutual P&I gross tonnage from 2017 to 2018 following January renewals which completed on 20th February. Skuld's continued growth in the January renewals brings its mutual P&I tonnage to 92 million gross tonnes (GT), and includes committed tonnage for delivery throughout 2018. Ståle Hansen, ... Read the full article

SafeWaters grows marine offer with range of Aspen-backed products

16th February 2018

SafeWaters Underwriting Managers has expanded its marine offering to include Aspen Insurance-backed cargo, hull, machinery and marine liabilities cover. Jorge Pecci, President and Chief Executive Officer (CEO) of SafeWaters, said; “with the support of Pat Hickey and his team at Aspen, we are bringing the capacity and strong security of one ... Read the full article

Ryan Specialty acquires Lodestar Marine P&I MGA from Tawa

13th February 2018

Chicago-based Ryan Specialty Group LLC (RSG) has announced that it's agreed to acquire Lodestar Marine Ltd. from Tawa Associates Ltd. for an undisclosed fee. Lodestar is a London domiciled managing general agent (MGA) focused on the protection & indemnity (P&I) fixed premium marine sector, and under the transaction will become part ... Read the full article

XL Catlin promotes Mike MacColl to Global Practice Leader for Hull

6th February 2018

XL Catlin has promoted Mike MacColl from Head of Hull for the UK to the position of Global Practice Leader for Hull with immediate effect. Commenting, Rob McAdams, Chief Underwriting Officer for Global Marine at XL Catlin, said; “Mike has proven to be a hugely valuable member of the UK Marine ... Read the full article

Marine insurer Gard appoints Patrick Michael as New York office Managing Director

25th January 2018

Gard, a shipowner-controlled P&I marine and energy insurer, has named Patrick Michael Leahy as Managing Director of its New York office with effect from 1 August, 2018. He is set to replace Sandra Gluck who will be retiring. Michael re-joined Gard in March 2016 as a Senior Claims Executive in New York, having ... Read the full article

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

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