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The owner and manager of the cargo ship Dali have filed suit to cap liability at $43.7mn. -
A claim on that scale would test the market in ways it has never seen.
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He was previously head of underwriting management and deputy CUO for Axa XL’s marine segment.
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The complexity of the incident and US location point to one of the largest-ever marine losses.
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The value of the bridge is estimated at $1.2bn.
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A Maersk-chartered container ship caused the Francis Scott Key Bridge to collapse.
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The carrier is partnering with Munich Re Syndicate and Tokio Marine HCC.
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The business will leverage technology from Clearwater Dynamics.
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Nord Stream has named Lloyd’s Insurance Company and Arch among the defendants.
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The marine hull market is looking to retain rating robustness in 2024.
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The growth was spread across all classes of business, sources said.
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The facility was launched in November for grain shipments.
