Skuld, the Oslo, Norway-based marine insurance provider, announced the appointment of Krester Krøger Kjær as head of Skuld Copenhagen. Krøger Kjær succeeds Helle Lehmann who, after eight years in the role, has decided to step down and pursue new opportunities. …
U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU’s financial market, industry sources involved say. Britain dominates the global marine insurance …
Sompo Canopius Re announced the appointment of Christopher Gray as head of P&I reinsurance, effective immediately. Gray, who joins from Swiss Re, reports to Andy Gladwin, global head of marine treaty. Sompo Canopius Re already plays a leading role in …
Skuld, the marine insurance provider, announced the appointment of Paul Knighton as global head of marine cargo and marine property. He will join Skuld Syndicate 1897 in the summer. Knighton will enhance Skuld’s well-established marine cargo and marine property portfolio …
Brit Ltd., the London-based specialty insurer, announced the launch of a new Lloyd’s consortium for yachts, called the Lutine Yacht Consortium. The consortium has a capacity of $250 million, offering 100 percent Lloyd’s security to insure motor and sailing vessels …
W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the company’s Lloyd’s managing agent, is suspending its …
Skuld announced that on Jan. 12, 2017 it has completed its acquisition of SMA/Gerling Norway, which has been renamed Skuld Marine Agency (SMA). Skuld is now the owner of 100 percent of SMA shares, “free of any encumbrances,” the company …
Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said. Restrictions on U.S. firms …
Beazley, a specialist marine insurer, announced that its custom pleasure craft insurance is available to quote and bind via the myBeazley online risk platform. Beazley pleasure craft policies cover a wide range of vessels, from small boats to luxury yachts, …
Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say, a risk that could feed through into global prices. Digitalization means electricity networks, emergency services, industry …
