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The underwriter specialises in business including commodity traders, petrochemical risks and African business. -
Staff turnover remains elevated across marine classes amid a battle to secure talent.
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The initiative allowed crucial foodstuffs to be shipped out of Ukraine, with the London market stepping in to insure the vessels.
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Carr also works as the chair of the Lloyd’s Market Association Joint Liability Committee.
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The broker said that rates were largely flat thanks to insurer appetite and competition.
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Staffing turmoil is ongoing in the marine market as companies vie to secure talent.
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The deal adds a further £14mn of GWP to the business, following the recent purchase of Tay River Holdings.
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Pen’s marine war MGA Vessel Protect has hired maritime security expert Munro Anderson.
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The underwriter has worked at Swiss Re, Ironshore and Alize during his insurance career.
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The underwriter joined Scor in 2020 having previously led the cargo and specie operation at Starstone.
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The broker said increased reinsurance costs had not been passed onto customers.
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The cargo market is undergoing staffing turmoil as firms vie to secure talent.
