Marine

The London D&F market is expecting minimal exposure, but there is also potential for political violence and trade credit losses, sources said.

This publication previously revealed that he had joined the company from Great American.

The MGA platform has acquired the renewal rights for a book of cargo, hull and liability policies.

Crew fatigue, maintenance and inspection disruption and curtailed incident response services could all push up claims, the carrier warns.

A $49mn marine liability policy held by supply ship operator Rodi Marine is expected to be one of the first in the market to receive a Covid-19-related claim.

The upstream energy market is unlikely to face a claim for the hijacking of a floating production, storage and offloading (FPSO) vessel off the coast of Nigeria earlier this month.

Insurers for BW Offshore’s Sendje Berge FPSO may have dodged a bullet following a pirate attack on the vessel, but the ordeal may only be beginning for the nine crew members kidnapped in the raid.

But concerns remain over the aggregation of cruise liner risks as hurricane season looms.

Concerns over crew liability claims have led carriers to change wordings and tighten underwriting criteria.

The new office follows the MGA’s expansion into the Californian market last year.

Munich Re Syndicate has appointed Rob McAdams as its new head of marine, replacing Simon Parnell, who is retiring after 21 years at the company.

Peter O’Neill and Lorena Gallagher join the energy team, while Richard Tomlin heads up marine property and war.