marine hull insurance News

Thawing Arctic Ice Creates New Environmental Risks as Shipping Routes Open

The Arctic is thawing even faster than lawmakers can formulate new rules to prevent the environmental threat of heavy fuel oil pollution from ships plying an increasingly popular trade route. Average Arctic temperatures are rising twice as fast as elsewhere …

Norwegian Hull Club to Open Office in London

The Norwegian Hull Club, one of the world’s largest pure marine insurers, is planning to “plug into London” with the opening of its first office outside Norway. The club’s board confirmed this week that it intends to open a branch …

North Korean Shipping Company Evades UN Sanctions, Obtains Marine Insurance

A U.N.-blacklisted North Korean shipping company continues to evade sanctions through its use of foreign-flagged ships, name changes and other means of obfuscation, according to a new report by United Nations monitors. The U.N. Security Council’s Panel of Experts on …

London-Based Chubb Global Markets Names Marine Team Leaders

Chubb Global Markets, the London-based wholesale insurance division of Chubb, announced the appointment of the leaders of its marine team, with immediate effect. Mark Edmondson, formerly head of marine for legacy Chubb Syndicate 1882, has been appointed as head of …

P&I Sector’s Underwriting Discipline to Be Tested in Coming Renewals: A.M. Best

Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due to market and competitive forces buffeting the sector, according to report published by A.M. Best. Free reserves are at record …

London Broker Miller Names Plato to Marine Hull Team

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 production and broking for clients based internationally, …