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 …
India’s Hindustan Petroleum Corp. (HPCL) canceled the purchase of an Iranian oil cargo earlier this month after its insurance company refused to provide coverage for the crude because of U.S. sanctions, three sources with knowledge of the matter said. HPCL, …
NTT DATA UK, a Tokyo-based consulting and IT services provider, announced it has entered into a partnership to provide robotics services to Tokio Marine Kiln (TMK). NTT DATA UK’s Cargo 10 Virtual Worker is the first of several planned Robotic …
Specialty insurance underwriter Ascot Group has appointed a new U.S. marine insurance team led by Chris Piazza as executive vice president and head of U.S. Marine Insurance. Piazza will lead all aspects of Ascot’s U.S. marine insurance business. He will …
XL Catlin’s venture capital arm is the lead investor in a $16.5 million financing for Windward, a maritime risk analytics firm, based in Israel. XL Innovate led the Series C financing, though previous investor Horizons Ventures participated along with individuals …
Neon announced the launch of Orca Insurance Agency, a Lloyd’s approved coverholder which will underwrite Nordic marine business on behalf of Neon Syndicate 2468. Headquartered in Copenhagen and led by CEO Lars Hendriksen, Orca will offer insurance products, risk consultancy …
Ryan Specialty Group has completed its acquisition of Lodestar Marine Limited of London. Within RSG, Lodestar’s operations are a part of RSG Underwriting Managers, the managing general underwriting division of Ryan Specialty Group. Charles Dymoke and John Hearn have joined …
A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according to a coalition of technology, insurance, marine and consulting businesses. EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance partners Willis Towers …
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 …
Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists …
