Marine
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The insurer has been expanding its marine presence in London.
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The $350mn follow-capacity solution will cover cargo, specie, terror, financial products, healthcare and marine.
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Twelve people remain unaccounted for after the vessel capsized on Tuesday afternoon.
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The club says the P&I aspects of the claim were “modest”, with the exception of a disputed loss of reputation claim.
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Much of the delay caused by the blocking of the Suez Canal is likely not insured, although any claims process will be long and complex.
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The former Asia Pacific head of marine will relocate to London.
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The resignation comes as Willis moves towards completion of the mega merger with rival Aon.
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The Dell warehouse loss pushed the Lloyd’s cargo market to a 179% loss ratio in Q2 2020, the broker says.
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Covid-19 losses materially impact the property market, but the marine, aviation and transport segment returns to profit.
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The Ever Given ran aground in the Suez Canal, cutting off a crucial trade artery for days, but is now finally free.
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The claims outlook for liabilities stemming from the massive disruption remains highly uncertain.
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Containership Ever Given is lodged in the waterway, and sources said that the largest impact is expected to be felt by the P&I market.
