Latest Ocean Marine Headlines
All the headlines from our Ocean Marine Topic Page, ordered by recency.
Alabama Trial Over Somali Pirate Attack on Maersk Cargo Ship Delayed
Dec 3 2013 // A judge has delayed the trial over a lawsuit filed after Somali pirates took over a U.S. cargo ship in 2009. Crew members are suing Maersk Line Ltd. and the Mobile-based Waterman Steamship Corp. over the pirate attack that...
Moody’s: China’s P/C Insurers to Benefit from Shanghai Free Trade Zone
Oct 7 2013 // The new Shanghai free trade zone should benefit property/casualty insurers, particularly those in marine/cargo and liability insurance, according to Moody’s Credit Outlook. On Sept. 29, the date that Shanghai’s...
Miklus Named President of American Institute of Marine Underwriters
Oct 7 2013 // John A. Miklus has been named the new president of the American Institute of Marine Underwriters (AIMU), the trade association representing the U.S. ocean marine insurance market. Miklus succeeds James M. Craig, president...
ACE USA Updates Marine Cargo Policy
May 28 2013 // ACE USA, the U.S.-based retail operations of the ACE Group, has released an updated marine open cargo policy that consolidates multiple coverage components into one form. The updated marine open cargo policy incorporates...
Report: Ship Crew Ignored Warnings Before Hitting Kentucky Bridge
May 16 2013 // The pilot and crew members aboard a cargo ship had reservations about the boat’s course shortly before it struck a bridge over the Tennessee River, but no one stepped up to check written or electronic charts against...
Sandy Hit N.J.’s Maritime Industry Hard; Insurer Says 25,000 Boats Damaged
Jan 29 2013 // Capt. Harold “Smitty” Smith couldn’t believe it — they were everywhere, hundreds of them. Boats cluster together at a marina in Brant Beach, on Long Beach Island on the N.J. shore, on Oct. 30, 2012,...
2-Story Waves on Great Lakes Halt Cargo Shipping
Nov 1 2012 // Cargo shipping was at a standstill on Oct. 30 on the Great Lakes as superstorm Sandy churned waves up to two stories high, forcing crews to take refuge in bays and harbors and raising concerns about an economic blow if the...
London Broker Miller Names Plato to Marine Hull Team
Nov 1 2012 // Miller Insurance Services in London has bolstered its marine hull capabilities with the appointment of David Plato from Alston Gayler. Plato, who began his insurance career in 1988, specializes in marine hull insurance...
Japan P&I Club Ship Insurer Sets New Rules on Iran Oil Transport
Apr 11 2012 // Ship owners covered by Japan P&I club must alert the maritime insurer in advance of any plans to transport Iranian oil and petrochemicals that could fall foul of Western sanctions, the insurer said. The United States...
China P&I Club to Stop Indemnity Coverage for Tankers with Iran Oil
Apr 5 2012 // Key ship insurer, China P&I Club, will halt indemnity coverage for tankers carrying Iranian oil as of July amid tightening Western sanctions against OPEC’s second largest oil producer, two club officials told...
Travelers Exec Joins XL Group as VP for Ocean Marine Unit in New York
Mar 23 2012 // Ireland-headquartered XL Group plc’s North American marine business appointed Chris Cooke as vice president, hull and liabilities. Chris Cooke The appointment is part of XL’s strategy to expand its brown-water...
Iran Ship Insurer Vows to Pay Western Claims Despite Sanctions
Mar 2 2012 // Tough new U.S. sanctions against Iran are raising concern that the OPEC member’s insurers may not be able to pay Western claims in the event of an accident, but Iran’s main ship insurer said it is confident it...
West Africa Waters Among Riskiest Routes for Shippers
Feb 17 2012 // The waters off West Africa’s coast are now a constant danger for those shipping goods and crude oil in the region, analysts said the day after pirates killed two sailors near Nigeria’s coast. Despite pledges by...
Grounded Cargo Ship Breaks Apart on New Zealand Reef
Jan 9 2012 // A cargo ship grounded off the New Zealand coast since October has split in two, spilling sea containers and debris and sparking fears of a fresh oil spill, maritime officials said Sunday. The wreck of the Greek-owned Rena...
UK PM Seeks Law Change to Allow Armed Guards on British Vessels
Oct 31 2011 // UK Prime Minister David Cameron announced plans to amend British law to allow UK registered vessels to employ armed guards as security, when they are transiting dangerous waters – mainly those off the coast of...
Ongoing Pirate Menace Triggers Special Coverage, Security Measures
Oct 25 2011 // “Pirates of the Caribbean” they aren’t. They are for the most part desperate men from a failed state that have discovered that one of the world’s oldest professions offers wealth and power, if...
People
Sep 5 2011 // David J. Bresnahan has been named president of Lexington Insurance Co., the surplus lines unit of Chartis Insurance. He is succeeding Peter Eastwood, who is moving into his new role as president and chief executive officer...
Martino Named President of Travelers Ocean Marine
Aug 11 2011 // The Travelers Companies Inc. in Hartford has appointed Raymond T. Martino as the president of Ocean Marine. Martino is responsible for the overall leadership and management of the ocean marine unit, which provides...
XL Names DeSimone President of U.S. Marine Operation
Aug 8 2011 // XL Insurance has appointed Richard DeSimone to the new position of president of its U.S. Ocean and Inland Marine unit. Prior to joining XL Insurance, DeSimone served as president of the Travelers Insurance Ocean Marine...
Cooke to Head Lloyd’s Marketform Marine Cargo Underwriting
Apr 28 2011 // London-based specialist Lloyd’s insurer Marketform announced that experienced London Market underwriter Gary Cooke will join the company effective June first, as head of Marine Cargo Underwriting. “After two...
