Reinsurance News
Marine reinsurance
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
International Group secures lower rates for 2018 reinsurance renewal
15th December 2017
For the fourth consecutive year, the International Group of Protection & Indemnity Clubs has secured reinsurance renewal premium reductions on the Group programme, after finalising its 2018/2019 General Excess of Loss (GXL) reinsurance contract and the Hydra reinsurance programmes. The Group has announced that in spite of uncertainty in the global insurance ... Read the full article