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An increase in activity at the oil and gas fields helped maintain the industry’s premium pot.
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The agreement is the latest challenge to the International Group of P&I Clubs in Asia.
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Pembroke’s cargo facility in London has been placed into orderly run-off.
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The claim is largely unreserved in the London market, sources said.
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The German reinsurer will take a 10 percent share of losses in the first layer of the group’s reinsurance programme. -
Carriers brace for another tough renewal as the IG expands its use of Hydra and private placements.
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Property D&F rates build momentum, yacht and cargo rates surge, following aviation underwriters push up rates.
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The West of England is imposing a general increase on members at the 20 February renewal, the first time in three years an International Group club will do so.
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Carriers hope the new technology will cut the cost of administering claims.
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He will continue to underwrite for the German MGA from Markel’s London office.
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A group of high-performing syndicates will help draw up a framework for a more hands-off approach to Lloyd’s oversight.
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The shipping giant has launched the product as it uses blockchain to slash (re)insurance costs.
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