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The vehicle provides coverage for non-physical damage BI. -
The company will write marine cargo and transport logistics policies across the country.
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The marine market is challenged by global warfare, supply chain breakdown and the complicated energy transition.
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The Jan De Nul-owned Zheng He was seized by Mexican authorities in November last year.
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US lawmakers are looking to introduce legislation backdating to before the bridge collapse incident.
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There has been an exodus of hull premium from the London market to Nordic carriers since 2014.
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The marine carrier’s financial result for the period was $25mn.
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The appointment is the latest in a string of hires in the broker’s marine operation.
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Despite potential claims stretching into the billions, the events are not expected to shift the dial on pricing.
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The business is formed out of the existing Thomas Miller Specialty Offshore team.
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The change comes as negotiations start to kick off for 2025 renewals.
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Negligence must be proved to cover any loss of life for passengers under P&I cover.
