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The carrier is launching into marine as part of a strategic buildout in primary insurance. -
Chaucer’s global head of marine Philip Graham also chairs the influential facts and figures committee of the International Union of Marine Insurance.
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The industry deserves praise for facilitating trade out of Ukraine, but the future is highly uncertain.
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Class underwriter for marine hull and war at Talbot AIG, Hugo Lewis, has resigned to take up a position in the marine team at Fidelis, Insurance Insider can reveal.
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The move follows the establishment of safe corridors through a treaty signed by Russia and Ukraine.
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Martin Cook is joining the mutual as it embarks on a change of leadership, with long-serving CEO Joe Hughes standing down.
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The market is concerned about potential claims from the Hellenic War Risks mutual, which has ships worth around $350mn stuck in the Black Sea.
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Improved pricing is attracting new capacity to the hull market, although questions remain about market-wide rating adequacy.
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Personnel movement in marine has remained buoyant all year, as new market entrants build their headcount.
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Before joining MS AUL, he was head of marine treaty at Canopius, until April.
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The underwriters are tasked with implementing “ambitious growth plans” across the lines of business.
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The loss comes as rate rises decelerate in the class after several years of compound rate rises.
