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Staff movement in the marine class exceeds that in all other lines of business. -
Carriers achieved sweeping changes in pricing, terms and coverage in a hectic renewal at 1 January 2023, in a reset that sources hope isn’t reversed.
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The broker has partnered with maritime data firm Clearwater Dynamics to provide advanced vessel-tracking solutions.
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He will be responsible for oversight of all aspects of the practice and leading the firm's growth in the market.
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Despite a return to profitability in marine classes, the market is operating in an increasingly uncertain environment.
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All lines of business reported premium increases driven by inflation, post-pandemic trade rebounds and rising rates.
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The carrier is looking to expand its marine offering through its London and Lloyd’s branch.
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The marine insurer said it benefited from benign claims and investment gains.
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The consortium is supported by 11 other Lloyd’s businesses.
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Meanwhile, ongoing hostilities have curtailed business opportunities for grain transport in the region.
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Mariners are watching electric vehicle risks closely following a number of car carrier fires.
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The marine insurer said its investments had started to recover after an “exceptional period” last year.
