Latest Ocean Marine Headlines
All the headlines from our Ocean Marine Topic Page, ordered by recency.
AIG Buys Arch Ocean Marine Business
Oct 4 2006 // AIG Global Marine, a division of the property and casualty insurance subsidiaries of American International Group, has purchased the U.S. Ocean Marine business from Arch Insurance Company. Under the terms of the agreement,...
Continental Marine Offers Ocean Marine Product
Aug 25 2006 // Continental Marine Insurance Services, a subsidiary of Continental Risk, is offering a new ocean marine facility. The program will consider ocean cargo, including general and bulk liquid and dry commodities, marine...
Ohio Century Surety Adds New Ocean Marine Line of Business
Aug 9 2006 // Columbus, Ohio-based Century Surety Co., a subsidiary of ProCentury Corp., announced today that it is adding a new line of business to serve the needs of the ocean marine market. According to their written statement, this...
Best Affirms Western Isles ‘B++’ Ratings
Apr 27 2006 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating (ICR) of “bbb” of the Isle of Man-based Western Isles Insurance Company...
Britt Paulk Expands with Marine Cargo Coverage Through Beazley USA
Mar 24 2006 // Carrollton, Ga.-based Britt Paulk Insurance Agency Inc. has teamed up with Beazley USA, an admitted “A-” rated company, to provide Ocean Marine Cargo coverage focused on writing risk for small and mid-sized...
OneBeacon Launches Online Marine Cargo Insurance Service
Mar 2 2006 // The Boston-based OneBeacon Insurance Group announced that its ocean marine division — International Marine Underwriters (IMU) — has launched a new Web-based cargo insurance service platform:...
St. Paul Travelers Sets Sail with Automatic ‘All Risk’ Ocean Cargo Policy
Feb 8 2006 // Automatic all risk coverage with comprehensive extensions for international shipments is now available through Cargo Elite, a new Ocean Cargo policy introduced by St. Paul Travelers, a U.S. provider of Ocean Marine...
Killer Tsunamis and the Marine Insurance Market
Jun 6 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...
Killer Tsunamis and the Marine Insurance Market
Mar 21 2005 // Early in the morning hours on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a...
Killer Tsunamis and the Marine Insurance Market
Mar 7 2005 // Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton...
Insuring the Cornhusker State
Sep 20 2004 // The U.S. Census Bureau’s 2000 census estimated Nebraska’s population at 1.7 million. About 87 percent of the adult residents had graduated from high school and about 24 percent had earned a bachelor’s...
Golson Joins Aspen as Marine Hull Underwriter
Sep 8 2004 // Aspen Insurance UK Limited announced from London that Kevin Golson has joined the Company as a marine hull underwriter. “Kevin has over 25 years experience in the marine market, focusing on complex, technically...
Navigators Among Top Ranked Marine Insurers
Mar 2 2004 // The Navigators Group, Inc. has issued a bulletin commenting on the release of a report by Standard & Poor’s which ranks its subsidiary, Navigators Insurance Company, as the fourth largest U.S.-based ocean marine...
Louisiana Top 20 Insurers-Ocean Marine
Feb 23 2004 // Louisiana Top 20 Insurers—Ocean Marine The following table shows data from the top 20 ocean marine insurers in Louisiana—based on premium written—as of the end of 2002. There were 83 ocean marine insurers registered...
Travelers Unveils New Web-Based Ocean Cargo Certificate Capability
Feb 3 2004 // Travelers Property Casualty Corp. will now provide Web-based ability to create and print Ocean Cargo Certificates of Insurance to its Ocean Cargo policyholders and their agents. In addition to the anywhere, anytime...
IIA Updates Ocean Marine Insurance Textbook
Feb 2 2004 // The Insurance Institute of America (IIA) has published a new, third edition, of its Ocean Marine Insurance textbook, one of two required texts for the AMIM 121—Ocean Marine Insurance course. The textbook covers marine...
S&P Lowers Interpool’s Credit Rating to ‘BB’
Jan 9 2004 // Standard & Poor’s Ratings Services announced that it has lowered its ratings on chassis and marine cargo container lessor Interpool Inc., including the corporate credit rating to ‘BB’ from...
The Hartford Making Ocean Cargo Safer for Businesses
Dec 5 2003 // The exploits of pirates are exciting on the movie screen, but not much fun for the business owner whose ocean-bound goods they took as booty. Today the threat of swashbuckling men with an eye-patch and a parrot on the...
U.S. Marine Insurers Predict Continued Profitability
Nov 24 2003 // U.S. ocean marine insurers expect 2003 full-year results will show continued profit as underwriters maintain their pricing discipline, according to David French, chairman, American Institute of Marine Underwriters...
S&P REPORTS MARINE HULL RATES SET TO PEAK IN 2005
Oct 6 2003 // Standard & Poor’s reported that rates across the global marine hull insurance market look set to peak in 2005, a year later than previously expected. It noted, however, that although this promised a...
