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More than 15 countries have called for a special meeting with the International Maritime Organisation (IMO) to discuss the safety of ships sailing through the Black Sea and Sea of Azov during Russia’s invasion of Ukraine. -
Product launches in Asia helped drive growth at the P&I club, which now insures 158 million gross tonnes.
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The new marine head will oversee the underwriting of BHSI’s full line of marine products in Germany.
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A major conflagration aboard Felicity Ace has damaged high-value VW, Porsche and Lamborghini vehicles.
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The Norwegian insurer added 14 million gross tonnes to its total tonnage and retained 99.6% of existing business.
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The ship was carrying more than 4,000 cars at the time of the fire, including Volkswagen, Porsche, Audi and Lamborghini vehicles.
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The broker said new entrants were “holding their nerve” and that clients should not expect insurance spend to be slashed.
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Tim Pembroke will retire at the end of March after more than 24 years with QBE.
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The full-limits loss on the placement has raised alarm as a stark example of the impact social inflation in the US is having on claims severity.
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Two of the carrier’s underwriters were hired by new entrant IQUW to build its book of business.
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Southgate worked at the likes of Canopius, Swiss Re, Aon and Sturge Syndicate during his career.
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The broker said that the there was an increased differentiation in pricing compared to 2021.
