Marine

The portfolio is understood to include a range of airline and hull deductible risks.

Jonathan Smith has left as RKH continues to reorganise its lines of business.

This publication understands Aspen will either look to strike renewal rights deals on the aviation, marine hull and international professional indemnity books, or put them into run-off.

The broker has recruited Patrick Jordan to direct its marine segment.

Deborah Duss will lead marine, energy and construction.

Large shipping losses have fallen nearly 40 percent over the past 10 years.

The P&I club said that both its combined and loss ratios improved.

The carrier has hired Chris Piazza from Navigators to lead the book of business.

The mutual P&I club also made Manny Beri chief information and security officer.

Underwriters are beginning to grapple with AI and behaviour pattern analysis as the market faces a final reckoning.

Ami Daniel's comments come after the firm secured $16.5mn in a funding round led by XL Innovate.

The Lloyd’s CEO said marine underwriters should not rely on insurance pricing returning to prior levels.