-
The move follows the establishment of safe corridors through a treaty signed by Russia and Ukraine. -
Martin Cook is joining the mutual as it embarks on a change of leadership, with long-serving CEO Joe Hughes standing down.
-
The market is concerned about potential claims from the Hellenic War Risks mutual, which has ships worth around $350mn stuck in the Black Sea.
-
Improved pricing is attracting new capacity to the hull market, although questions remain about market-wide rating adequacy.
-
Personnel movement in marine has remained buoyant all year, as new market entrants build their headcount.
-
Before joining MS AUL, he was head of marine treaty at Canopius, until April.
-
The underwriters are tasked with implementing “ambitious growth plans” across the lines of business.
-
The loss comes as rate rises decelerate in the class after several years of compound rate rises.
-
The resignations follow the exit of hull chief James May, who is joining Convex.
-
Claims inflation and the risk of a major marine war loss crystalising in March 2023 is looming over an otherwise buoyant marine market.
-
Andrew Davies is leaving Fidelis after a short spell, having joined in June of last year.
-
The underwriter will service a full suite of liability products and assist with training junior underwriters.
