March 22, 2012
Chicago-based CNA Financial Corporation and Hardy Underwriting Bermuda Limited announced that they have agreed to terms on a cash acquisition by CNA of all of the common shares of Hardy. “The acquisition is to be implemented by way of a …
March 20, 2012
European Union diplomats on Tuesday postponed a decision on whether to grant any exemptions to insurance provided for Iranian crude shipments when the bloc implements oil sanctions on Iran, an EU diplomat said. Asian oil importers have lobbied European governments …
February 23, 2012
Maritime Program Group (MPG) has launched an exclusive motor truck cargo program along with North American Specialty Insurance Co., a member of Swiss Re. The program will focus on risks with 1 to 15 units though it has the capability …
February 17, 2012
Marsh has launched a new insurance facility to provide comprehensive insurance coverage for private maritime security companies. The broker and risk manager developed the facility to support the requirements of the London-based Security Association for the Maritime Industry (SAMI). The …
January 27, 2012
When severe snowstorms prevented life-sustaining fuel supplies from reaching the frozen Alaskan town of Nome, U.S. officials turned to a Russian company for help. The relief mission through perilous, ice-choked seas was the first mid-winter fuel delivery to western Alaska, …
January 24, 2012
Passenger ship operators should tighten up safety procedures and crew training standards to prevent a repeat of the Costa Concordia shipwreck, potentially the costliest marine insurance loss on record, shipping insurers said on Tuesday, “In the past, we have raised …
January 20, 2012
Carnival Corp, whose luxury cruise liner Costa Concordia capsized off the coast of Italy last week, said on Thursday it will conduct an audit and review of safety and emergency response procedures at all of its cruise lines. Carnival Chief …
January 19, 2012
According to the International Chamber of Commerce (ICC) International Maritime Bureau’s (IMB) global piracy report attacks in East and West Africa accounted for the majority of world attacks in 2011, signaling a rising trend. Of the 439 attacks reported to …
January 11, 2012
Lloyd’s broker Cooper Gay & Co Ltd has appointed John Sullivan as a Director of its reinsurance division. He joins Cooper Gay from Aon Benfield, and will work with its marine reinsurance team, focusing primarily on business emanating from the …
January 4, 2012
La Playa Insurance will start providing coverage for yachts and other pleasure crafts after hiring Mike Taylor-West as head of Private Client & Marine. The brokerage, which has offices in London, Cambridge and New York, will access a variety of …