Marine
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Plus the latest executive moves and all the top news of the week.
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The decaying oil tanker FSO Safer is holding over a million barrels of oil and is at risk of explosion.
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Miller has made a string of senior hires in its marine team in the past few months.
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The scale of the loss has yet to become clear following the blaze on Friday, although the fire is under control.
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Neil Roberts, head of marine and aviation at the LMA, has called for a Plan B to Russian sanctions to help the marine sector.
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The Club posted an investment loss of 3.8%, as fixed income assets were hit.
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The carrier is looking to boost specialty income to around 40% of overall premium.
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A variety of challenges remain, including the operation of Russia’s ‘shadow fleet’ for oil transport.
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Emily Taylor joined Hiscox as a senior underwriter in 2020.
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Andrew Moulton becomes executive underwriter for marine, and Jessica Pearson is now cargo class underwriter.
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The broker is targeting to double its revenues to £400mn by 2025.
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The broker has hired Tom Summers and Tyler Walsh from Marsh and Adam Carr from Howden.