After lithium-ion batteries burned in a large cargo ship`s hold for a number of days, the U.S. Coast Guard said the fire was out and directed the ship to anchor near Dutch Harbor, Alaska. The 19 crew members of the …
Two women were killed and another woman and two men were hospitalized with burns after a weekend fire on a pleasure boat in Long Beach, California, authorities said. The blaze was reported around 5:15 p.m. Saturday on a 35-foot motorboat …
RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows another restructuring in 2016 when the two divisions — CRS …
Marsh announced it placed more than 10,000 risks in 2018 through Placing Platform Ltd. (PPL), the electronic insurance placement platform used by Lloyd’s, London market insurers, and brokers. Marsh has now bound more than 15,000 risks in total on the …
The London market’s electronic placing platform, PPL Ltd., exceeded targets during the third quarter as more and more syndicates and companies accepted risks via the platform. Beazley Syndicate 3623 topped the league table of those Lloyd’s syndicates that have embraced …
Concirrus, the London-based insurtech company specializing in marine analytics, announced it has formed a multi-year agreement with insurance broker Marsh. The agreement will see the two companies working together to drive the use of behavioral data in the global marine …
The London market’s electronic placing platform, PPL Ltd., announced that the treaty reinsurance class of business went live on the platform today, completing its roll out of products. PPL said its focus will now be on continuous improvement of the …
A new trade route for energy supplies is opening up north of the Arctic Circle as some of the warmest temperatures on record shrink ice caps that used to lock ships out of the area. This year is likely to …
Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Patrick Jordan as divisional director, Marine. Based in London, he takes up his role with immediate effect and reports to Heather Clarkson, managing director, Marine. Jordan brings …
Globalization has brought the most advanced trading networks the world has seen, with the biggest, fastest vessels, robot-operated ports and vast computer databases tracking cargoes. But it all still relies on millions and millions of paper documents. That last throwback …
