All the headlines from our Ocean Marine Topic Page, ordered by recency.
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...
Jan 11 2017 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is introducing inland and ocean marine insurance in Canada and has named Gord Rider as senior marine underwriter.“We are pleased to welcome Gord to our team...
Dec 28 2016 // The Philippine coast guard pressed its search Tuesday for 18 crewmen from a cargo ship that sank at the height of Typhoon Nock-Ten, which struck the country on Christmas Day.Coast guard spokesman Armand Balilo said 14...
Nov 8 2016 // RFIB Group Ltd., the London-based Lloyd’s insurance and reinsurance broker, announced the appointments of Paul Leith-Smith, Giles Penfold and Will Hawkins who will form a new Southeast Asia marine cargo team.The team...
Oct 21 2016 // Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international...
Aug 31 2016 // Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion”...
Aug 30 2016 // Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has launched Transportation Block 2020, a fully integrated and comprehensive inland marine cargo insurance product,...
Aug 15 2016 // ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced it has acquired the renewal rights for Allied World’s marine hull business in Asia. The transaction completed on August 5.“I am very...
Aug 2 2016 // Maritime Program Group (MPG) has expanded their marine programs with the launch of a new Ocean Marine Cargo facility. MPG is now underwriting Ocean Cargo with North American Specialty, A+ admitted security by Swiss Re....
Apr 12 2016 // Skuld, the Oslo, Norway-based marine insurance provider, announced the recruitment of Paul Fry and Sarah Wilson to Skuld’s Lloyd’s Syndicate 1897, the specialist marine and energy syndicate.Fry joins as deputy...
Apr 8 2016 // Great American Insurance Group has hired F. Michael Csorba as divisional president within the Property and Casualty Group’s Ocean Marine division. Csorba is succeeding John Rowney, who is retiring after nearly 28...
Mar 15 2016 // Authorities say a large cargo ship has leaked an unknown amount of oil in the Los Angeles Harbor.The Coast Guard says the leak was reported Sunday evening, where an oily sheen was visible near the vessel Istra Ace....
Feb 29 2016 // Chubb has appointed for the Asia Pacific region Christine Aldrich as its marine cargo underwriting manager and Callum Clark as marine hull underwriting manager.Both Aldrich and Clark will report to Anthony O’Brien,...
Feb 16 2016 // The U.S. Coast Guard begins hearings on Tuesday to investigate whether misconduct or negligence were factors in the sinking of the cargo ship El Faro during a hurricane last fall, an accident that left the vessel’s...
Jan 27 2016 // The families of 10 sailors aboard a cargo ship that sank in a hurricane last year have settled claims with the vessel’s owner.The Florida Times-Union reports that each of the families will receive $500,000 each in...