All the headlines from our Ocean Marine Topic Page, ordered by recency.
Sep 26 2019 // Authorities say oil from an overturned cargo ship has reached several parts of Georgia’s shoreline, leaving a sheen in marshes and oiled debris on beaches. State and federal authorities overseeing the cleanup say...
Sep 26 2019 // Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance industry. Since those early days, marine products have evolved as risks and exposures...
Sep 16 2019 // Sentinel Marine Underwriters (SMU), a specialty managing general agency that is part of AmWINS Underwriting and is dedicated to providing cargo-in-transit and cargo stock-throughput insurance for a variety of insureds in...
Sep 13 2019 // As authorities try to answer why a cargo ship carrying 4,200 vehicles overturned on the Georgia coast, maritime experts say investigators will be looking for shifting cargo or other problems that upset the giant...
Sep 11 2019 // Coast Guard rescuers pulled four trapped men alive from a capsized cargo ship Monday, drilling into the hull’s steel plates to extract the crew members more than a day after their vessel overturned while leaving a...
Sep 9 2019 // Rescuers were searching Sunday for four crew members of a cargo ship that overturned and caught fire near a port on the Georgia coast, the U.S. Coast Guard said.The Golden Ray cargo ship ran into trouble in the early...
Jul 29 2019 // AXA XL’s U.S. marine insurance business and Vindati, an insurtech managing general underwriter (MGU) offering specialty products and an integrated shopping experience for brokers and agents, have partnered to offer...
Jun 24 2019 // Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year.Premiums for marine...
May 30 2019 // International Marine Underwriters (IMU), a member of OneBeacon Insurance Group, has enhanced its ocean cargo policy with new coverages to address the needs of an increasingly global ocean marine market and a redesigned...
Jan 8 2019 // At least two crew members were killed on Monday after a cargo ship sank in rough seas off Turkey’s Black Sea coast, officials and media reports said. Seven crew members were rescued while a search was underway for...
Jan 4 2019 // Authorities in Germany and the Netherlands are searching for up to 270 shipping containers lost at sea by a cargo ship caught in a storm, saying some are carrying hazardous materials.German authorities say the cargo ship...
May 25 2018 // A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according to a coalition of technology, insurance, marine and consulting businesses.EY, Guardtime, A.P. Møller-Maersk,...
Feb 15 2018 // SafeWaters Underwriting Managers has a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with expanded ocean marine insurance products backed by Aspen Insurance, the insurance...
Jan 8 2018 // Encino, Calif.-based Answer Financial has named Kevin Smith director of business development.Smith will report to Tom Capp, senior vice president of business development. Smith has more than 25 years of experience within...
Jan 2 2018 // Pioneer Underwriters has added Zach McAbee as head of ocean marine.McAbee is based in Seattle, Wash. and reports to Gene Hinman, chief executive officer of Pioneer’s U.S. operation. The new division under McAbee will...
Dec 20 2017 // Below are insurers’ plans for EU subsidiaries (in alphabetical order) in case Britain does not have access to the single market after Brexit:ADMIRAL. British motor insurer Admiral Group said last year that it could...
Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union.Below are insurers’ plans for EU subsidiaries (in...
Jun 8 2017 // BHP Billiton Ltd., the world’s biggest mining company, is studying the introduction of giant, automated cargo ships to carry everything from iron ore to coal as part of a strategic shift that may disrupt the $334...
Jan 30 2017 // Skuld, the marine insurance provider, announced the appointment of Paul Knighton as global head of marine cargo and marine property. He will join Skuld Syndicate 1897 in the summer.Knighton will enhance Skuld’s...
Jan 13 2017 // Maritime Program Group, Inc. of Westbrook, Conn., has expanded their ocean marine programs to include a new underwriting facility targeting commercial shipyards, terminal operators, ship repairers, stevedores, port...