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Steve Beslity will retire in the middle this year from his post as chairman of global marine at Aon Risk Solutions, the unit’s parent said today.
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Insurance services firm Thomas Miller has bought international surveying and marine consultancy Brookes Bell
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Dual Commercial, the Florida-based arm of Dual Group, has added a new marine energy unit to its energy, industrial and utility risk solutions division.
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The International Group of protection and indemnity clubs is set to run a broker tender process for its risk transfer arrangements, The Insurance Insider can reveal.
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Willis Towers Watson has appointed Patrick Murphy as global head of cargo and specie within its marine, corporate risk and broking division
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Steamship Mutual, Korean insurer Hanwha and PICC all lead covers that have exposure to the major shipping accident at the weekend involving the Iranian oil tanker the Sanchi, The Insurance Insider understands.
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Reinsurers were able to achieve modest rate increases on loss-free marine accounts at 1 January despite a growing consensus that third quarter cat losses had fallen short of early fears.
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Steamship Mutual, Korean insurer Hanwha, and PICC all lead covers that have exposure to the major shipping accident at the weekend involving the Iranian oil tanker The Sanchi, The Insurance Insider understands.
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The marine (re)insurance market's loss from the 2015 Alpine Eternity accident has increased by $65mn to $340mn after the claim estimate was revised upwards a second time, The Insurance Insider can reveal
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Marine liability mutual The Standard Club has appointed Leanne O'Loughlin as head of its New York office
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Protection and indemnity (P&I) club Skuld leads the hull insurance for Iranian oil tanker the Sanchi, which caught fire on Saturday (6 January) night in the East China Sea.
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Energy sector rate increases are likely to remain in the single digits, if that, for risks unaffected by 2017's near-record catastrophes, JLT said yesterday, adding its voice to a rising chorus of similar sentiments from analysts and market sources.
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