Industry Segments: Marine Page 1 / 15
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- July 8 2024
HDI Global hires Sangeeta Chandra as Queensland marine underwriting manager
With over two decades of the industry experience, Brisbane-based Chandra joined from Steadfast Group-backed NM Insurance.
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- July 3 2024
S&P affirms “stable” outlook on Allianz Fire and Marine Insurance Japan
Ratings are based on the likely support the Japanese insurer would get from the parent company during times of financial stress.
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- July 2 2024
Lockton Singapore taps WTW’s Sung Wook Han as regional head of marine for Asia
Han will relocate from London to manage marine teams across Asia with a special focus on Singapore.
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- June 24 2024
Singapore oil spill losses set to rise as slick hits Malaysian waters
Malaysian authorities confirmed oil slick sightings at Sungai Rengit and Teluk Ramunia in Johor; while Singapore said it will seek compensation from owners of British Marine-insured Marine Honor.
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- June 19 2024
Qubit ventures beyond digital assets with new CUO for reinsurance
The Hong Kong MGA has hired reinsurance veteran Xu Long executive vice-president and will start offering marine and energy products from next month.
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- June 18 2024
Exclusive: NorthStandard, British Marine face losses from Singapore oil spill
The loss following the dredger Vox Maxima hitting bunkering vessel Marine Honour could become an IG P&I Clubs pool claim if the dredger is found liable.
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- June 10 2024
Miller eyes Japan non-marine buildout with senior hire
The specialist broker has appointed Tokinori Kono as head of non-marine broking at its Japanese unit, Lead Insurance.
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- June 3 2024
QBE Asia brings on board Thomas Miller’s Alexander Bland as regional specialty claims head
Singapore-based Bland will report to Vick Rajaswaran, regional head of claims, and oversee specialty claims strategy and performance across Asia.
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- May 28 2024
NM Insurance hires Andrew McFetridge as head of New Zealand operations
McFetridge will focus on growing the company’s local team and expanding distribution networks focusing on marine and motorcycle insurance.
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- May 24 2024
South-East Asia accounts for a third of global ship losses in 2023: Allianz Commercial
South China, Indochina, Indonesia and the Philippines, is the main ship loss hotspot globally last year.
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- May 23 2024
Sedgwick expands marine team in Indonesia with two new hires
As average adjusters, Fahrizal and Kanya Manohara will seek to enhance the global loss adjuster's marine capabilities in the region.
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- May 22 2024
Diot-Siaci to buy majority stake in Indian broker Unilight
The agreement is expected to strengthen Diot-Siaci's presence in Asia and allow the European broker to participate in the expansion of the Indian insurance market.
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- May 16 2024
Markel expands China team with three Shanghai appointments
Martin He has joined the specialty insurer as marine underwriter, George Ke has started in his role of professional and financial risk and cyber underwriter, and Lei Wang has become manager of model analytics and reporting.
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- May 9 2024
Red Sea crisis has created new breed of maritime risks: Howden’s Morley
The broker's dedicated war cargo cover, the first for an active conflict zone, has seen significant response from Asian cargo owners and manufacturers, associate director Ellis Morley tells IAN.
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- May 7 2024
Opinion: India’s marine insurance gambit poses questions of the West’s Russia sanctions
Indian regulator's approval to three new Russian insurers backed by the sanctioned Russian National Reinsurance points to tectonic shifts in the industry.
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- May 3 2024
Allianz Australia-owned Club Marine names new CEO
The boat insurance specialist will be led Tim Wiles, who has been serving as the interim chief executive from November last year.
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- May 3 2024
Chubb set to pay US$350m in claims from collapsed Baltimore bridge: reports
The payment is expected to be authorised within weeks, the reports said quoting an executive from WTW, who was the broker on the policy.
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- May 1 2024
Russian oil price cap ‘unenforceable’, says IG P&I
Over 800 tankers have left to join the so-called "shadow fleet", according to an International Group statement to a UK parliamentary hearing.
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- April 26 2024
India approves three new Russian marine insurers
New carriers, Alfastrakhovanie, Sogaz, VSK, and Ingrosstrakh, all backed by Russian National Reinsurance, have been allowed to provide cover to Indian shipments.
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- April 25 2024
Dali general average claims will bring new pressures for the market: TT Club
With parts of the Francis Scott Key Bridge falling onto the vessel, those who are part of GA agreement will shoulder some liability for the costs of their removal, which is likely to add to the significant losses.
