All the headlines from our Ocean Marine Topic Page, ordered by recency.
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...
Dec 18 2015 // Brown & Brown Inc. announced that its subsidiary Brown & Brown Insurance Agency of Virginia Inc. has acquired certain assets of Ocean Marine Insurance Agency Inc., Ocean Marine Insurance Agency of Massachusetts...
Dec 17 2015 // Hiscox London Market has appointed Richard Golder as Marine Cargo Line Underwriter, marking the insurer’s re-entry into the marine cargo business. Golder will be supported by Jack Bryan who takes on the role of...
Nov 13 2015 // A federal judge has set a deadline for damage claims filed by relatives of crewmembers who were lost aboard a cargo ship that sank last month in Hurricane Joaquin.U.S. District Court Judge Harvey Schlesinger set Dec. 21 as...
Jun 29 2015 // SpaceX’s Falcon 9 rocket en route to the International Space Station erupted in flames on Sunday moments after its launch, delivering a potential business interruption blow to the so-far highly successful private...
Jun 11 2015 // Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. (CUL), have launched a new Master Port Risk Program. According to H. Elder Brown, Jr., president and chief executive officer the...
May 15 2015 // With tensions over its roles in Yemen, Iraq and Syria already high, Iran is flexing its military muscle in the Persian Gulf.For the third time in as many weeks, Islamic Revolutionary Guard Corps patrol boats have fired at...