All Marine & Energy articles – Page 4
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Markel opens Nordic office
Swedish office will focus on marine business and be headed by Ove Staaf
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Industry Matters
Grandfather insurance
Why are marine insurers trying to defy gravity? asks Neil Macnaughtan
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Chaucer launches new syndicate
Antares Syndicate 1274 will have an initial capacity of £135m
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Marine insurers offering "unrealistic" rate reductions
Willis market review finds marine rates are unsustainable
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Willis chairman urges energy insurers to evolve
“something close to a revolution” is required to keep up with rapidly evolving energy clients, said Phillip Ellis
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Guy Carp forms cargo modelling team
New report addresses issue of unknown cargo accumulation
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Features
That sinking feeling
Given the current pressures on the offshore energy and marine sectors, Andrew Brooks and Andrew Moulton discuss the influences at play and suggest the best way forward.
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Max Specialty names chief marine underwriter
Michael Miller has joined Max Specialty as chief underwriting officer
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Bidding war causes marine rates to plunge
A bidding war between AIG and Starr Marine is pushing down premiums
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Analysis
Duelling marine insurers
An acrimonious bidding war between AIG and CV Starr is pushing down marine prices
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Typhoon Usagi makes landfall
Losses are not expected to exceed $500m as the storm weakens to a category 2
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Results suggest softening rates
The dip in reinsurers' premiums in Q2 suggests the softening has begun
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Risk retention = competition
Bermuda reinsurers report healthy Q2 results despite cedants retaining more risk
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Hernandez joins BMS
Frank Hernandez joins BMS as SVP of marine and energy from Towers Perrin
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Liberty appoints energy manager
Ray Miller joins from XL and has also worked for ACE and AIG