Insurance, Liability and Marine - Insurance Industry Brief

People Moves: Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability; Miller Launches M&A and Strategic Solutions Team With 3 Senior Hires

Insurance Journal

MARCH 6, 2025

This edition of International People Moves details appointments at Tokio Marine HCC International and the broker Miller. Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability Tokio Marine … A summary of these new hires follows here.

Marine

Marine Liability Broker

People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine

Insurance Journal

AUGUST 15, 2024

This edition of International People Moves details appointments at the insurers Markel and QBE. Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty Markel, the insurance operations within … A summary of these new hires follows here.

Marine

Marine Liability Underwriter Underwriting

Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market

Insurance Journal

SEPTEMBER 25, 2024

Sompo, the Bermuda-based provider of commercial and consumer property/casualty insurance and reinsurance, announced the launch of a new national marine insurance proposition for the United Kingdom. Sompo’s Marine Cargo UK policy and its Transport & Logistics propositions are both designed …

Marine

Marine Casualty Insurance Commercial Insurer

North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits

Insurance Journal

MARCH 13, 2025

The collision of a cargo ship and a fuel tanker off the eastern coast of England in the North Sea is likely to hit multiple marine insurance policies, carrying an estimated combined insured value of between $50 million and $100 …

Marine

Marine Insurance Policy Insurer Insured

Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants

Insurance Journal

OCTOBER 15, 2024

inland marine offering by 2025 across all 50 states as it expands its specialty product suite. The team and product will be added to QBE International Market’s growing ocean marine and energy … QBE International Markets will launch a new U.S.

Inland Marine

Inland Marine Marine Liability Insurance

TIMBY Specialty Launches Warehouse Legal Liability Coverage

Insurance Journal

MAY 14, 2025

Inland marine managing general underwriter TIMBY Specialty Insurance Solutions launched its Warehouse Legal Liability Coverage, a product specifically for public and contract warehouses that handle third-party property. With limits up to $5 million per location, WHLL offers options covering additional …

Liability

Liability Inland Marine Underwriting Underwriter

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Insurance Journal

JANUARY 24, 2025

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

Insurer

Insurer Insured Insurance Policy

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Insurance Journal

SEPTEMBER 17, 2024

Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …

Risk

Risk Claim Insurer Insured

Marine round-up : 21st May 2025

Insurance Marine News

MAY 20, 2025

Louise Nevill, to be succeeded by Jay Payne as UK marine CUO, is reported to be joining Axa XL as CUO for specialty. In its interim report on two men falling overboard from the fishing vessel Weston Bay about 12nm south-east of Spurn Head, England, leading to one fatality, the Marine Accident Investigation Branch.

Marine

Marine Insurer Insured Insurance

Marine round-up : 20th May 2025

Insurance Marine News

MAY 19, 2025

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Marine

Marine Insurer Insured Insurance

Marine round-up : 8th May 2025

Insurance Marine News

MAY 7, 2025

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Marine

Marine Insurer Insured Insurance

Norway acts on fake marine insurance operation

Insurance Marine News

MARCH 30, 2025

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Marine

Marine Insurer Insured Insurance

Marine insurance premiums up by nearly 6% in 2023: IUMI stats report

Insurance Marine News

OCTOBER 23, 2024

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Premium

Premium Marine Insurer Insured

Marine round-up : 23rd May 2025

Insurance Marine News

MAY 22, 2025

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Marine

Marine Insurer Insured Insurance

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

MARCH 19, 2025

From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. Heres what to consider from an insurance and risk management perspective when opening a new location. Workers Compensation Insurance to cover employee injuries on the job.

Workers Compensation

Workers Compensation Liability Property Damage Inland Marine Insurance

Marine round-up : 7th May 2025

Insurance Marine News

MAY 6, 2025

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Marine

Marine Insurer Insured Insurance

NorthStandard says it “remains on course” after year of headwinds for marine insurers

Insurance Marine News

FEBRUARY 23, 2025

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Marine

Marine Insurer Insured Insurance

Debris in steering gear the probable cause of bulk carrier’s collision with channel junction light

Insurance Marine News

MAY 19, 2025

The probable cause of the contact between self-discharging bulk carrier American Mariner (IMO 7812567) and the Munuscong Channel Junction Light was O-ring-type material debris in the steering gear systems hydraulic oil. This became lodged within a control motor, which caused it to seize.

Marine

Marine Insurer Insured Insurance

Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Insurance Journal

JULY 23, 2024

Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said. Moscow-based Ingosstrakh PJSC has emerged of a major insurer to Russian …

Risk

Risk Insurer Insured Insurance

Yacht Insurer OMAC Is Hull Carrier for Sunken Yacht in Sicily, Sources Say

Insurance Journal

AUGUST 21, 2024

Yacht insurance provider OMAC is the carrier on the hull for the Bayesian, a 56-meter-long (184-ft) sailboat, that was hit by a ferocious storm on Monday, sinking off the northern coast of Sicily, two sources with knowledge of the matter …

Insurer

Insurer Insured Insurance Protection

Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

Insurance Journal

AUGUST 30, 2024

Insurers of the Bayesian superyacht that sank this month, killing tech entrepreneur Mike Lynch and six others, could be on the hook for at least $150 million, according to the first estimates by industry experts. The British-flagged 56-meter-long (184-foot-long) yacht, …

Insurer

Insurer Insured Insurance Protection

How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore

Insurance Journal

AUGUST 5, 2024

A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels previously shipped Iranian oil, potentially complicating payments due to Western sanctions, ship-trackers and industry sources say. What Happened? The Singapore-flagged Hafnia …

Insurance Claim

Insurance Claim Claim Insurer Insured

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

MARCH 20, 2025

From devastating floods to slip-and-fall lawsuits, insuring apartment buildings is no simple task. And with rising property values, more frequent catastrophic weather events, and emerging risks like habitability claims, its never been more critical to help your clients navigate their insurance options.

Building

Building Protection Damage Liability

NGO claims that Malta will not let drone-hit vessel into port

Insurance Marine News

MAY 6, 2025

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Claim

Claim Marine Insurer Insured

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

APRIL 11, 2025

Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. What is Commercial Property Insurance?

Commercial Property

Commercial Property Property Insurance Commercial Insurer

What is a Managing General Agent (MGA) in Insurance?

Distinguished

APRIL 9, 2025

A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From Insurance Brokers?

Agents

Agents Broker-Agent Broker Underwriter

Brokers launch port disruption insurance

Insurance Marine News

SEPTEMBER 22, 2024

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Broker

Broker Insurer Insured Insurance

India expands Russian insurers’ pool

Insurance Marine News

JANUARY 23, 2025

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Insurer

Insurer Insured Insurance Marine

Insuring Collectibles in New York

Distinguished

FEBRUARY 10, 2025

As such, Collectibles insurance plays a pivotal role in safeguarding these valuable assets. Insuring Collectibles in Fine Art Storage Facilities New Yorks art scene, centered on its renowned galleries, museums, and auction houses, has created a unique market for fine art and collectibles.

Broker-Agent

Broker-Agent Insurer Insured Insurance

Russian attacks on Ukraine’s ports push up insurance rates

Insurance Marine News

OCTOBER 13, 2024

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Insurer

Insurer Insured Insurance Marine

Marine round-up : 22nd May 2025

Insurance Marine News

MAY 21, 2025

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Marine

Marine Insurer Insured Insurance

CMA CGM will reorganize global fleet to mitigate impact of US port fees on Chinese vessels

Insurance Marine News

MAY 19, 2025

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Marine

Marine Insurer Insured Insurance

SCA’s Rabie says that shipping companies will resume transiting Suez Canal in a month or so

Insurance Marine News

MAY 19, 2025

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Marine

Marine Insurer Insured Insurance

Russian shadow fleet vessels passing through Baltic to be checked for insurance

Insurance Marine News

DECEMBER 18, 2024

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Insurer

Insurer Insured Insurance Marine

Renewal Certificate Endorsement For CPL and CPPL Policies

Distinguished

JANUARY 22, 2025

Distinguished offers a Renewal Certificate Endorsement , now available for eligible Contractor’s Pollution Legal Liability Plus (CPL) and Contractor’s Pollution & Professional Legal Liability Plus (CPPL) policies. increased limits), provides a new set of limits of liability and expiring coverage.

Policy

Policy Broker-Agent Inland Marine Liability

Gard says limits on phone usage are needed for seafarers’ safety

Insurance Marine News

MAY 5, 2025

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Marine

Marine Insurer Insured Insurance

Clubs warn on anchoring outside designated Turkish zones

Insurance Marine News

MAY 22, 2025

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Marine

Marine Insurer Insured Insurance

Maersk Sana will have to wait a few days for salvage tug

Insurance Marine News

MAY 6, 2025

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Marine

Marine Insurer Insured Insurance

Employer, Workers’ Comp Insurer, Survivor Join Baltimore Bridge Collapse Litigation

Insurance Journal

OCTOBER 2, 2024

The road construction firm that employed six workers who were killed and another who was seriously injured in the collapse of Baltimore’s Key Bridge, along with its workers’ compensation carrier, have filed claims against the owner and operator of the …

Workers Comp

Workers Comp Compensation Claim Insurer

Distinguished Programs Partners with Johnsonese Brokerage LLC as the Preferred Insurance Provider for New Music Chicago

Distinguished

FEBRUARY 11, 2025

NEW YORK — Distinguished Programs (Distinguished), a leading insurance program administrator, has partnered with Johnsonese Brokerage LLC (Johnsonese) as the preferred insurance provider for New Music Chicago (NMC). Property and Liability products are distributed through a national network of agents and brokers.

Broker-Agent

Broker-Agent Inland Marine Insurer Insured

NTSB meets Mexican counterparts on damaged Cuauhtémoc

Insurance Marine News

MAY 22, 2025

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Damage

Damage Marine Insurer Insured

Fires on two ships in Puerto Rico within 24 hours

Insurance Marine News

MAY 20, 2025

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Marine

Marine Insurer Insured Insurance

Houthis claim attack on container ship

Insurance Marine News

SEPTEMBER 2, 2024

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Claim

Claim Marine Insurer Insured

New EU sanctions will target 189 Russia-linked ships

Insurance Marine News

MAY 14, 2025

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Marine

Marine Insurer Insured Insurance

People Moves: Tokio Marine HCC Int’l Promotes Gower as Head of Marine and Energy Liability; Miller Launches M&A and Strategic Solutions Team With 3 Senior Hires

People Moves: Markel Taps QBE’s Smith to Lead Marine & Energy Liability Team, Int’l Specialty; QBE Promotes Lascelles as Dir. of Underwriting, Marine and British Marine

Trending Sources

Markets/Coverages: Sompo Launches Marine Insurance Proposition for UK Market

North Sea Ship Collision Could Cost Insurers Up to $100M, Hitting Marine Line’s Profits

Markets/Coverages: QBE to Launch US Inland Marine With 3 Hires From AIG; Next Now Offers Standalone Pro Liability for Consultants

TIMBY Specialty Launches Warehouse Legal Liability Coverage

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Marine round-up : 21st May 2025

Marine round-up : 20th May 2025

Marine round-up : 8th May 2025

Norway acts on fake marine insurance operation

Marine insurance premiums up by nearly 6% in 2023: IUMI stats report

Marine round-up : 23rd May 2025

Insurance Considerations When Expanding Your Business to a New Location

Marine round-up : 7th May 2025

NorthStandard says it “remains on course” after year of headwinds for marine insurers

Debris in steering gear the probable cause of bulk carrier’s collision with channel junction light

Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Yacht Insurer OMAC Is Hull Carrier for Sunken Yacht in Sicily, Sources Say

Sunken Superyacht Likely to Cost Insurers at Least $150 Million, Experts Say

How Iran Oil Link Could Complicate Insurance Claims After Tankers Collide Off Singapore

Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

NGO claims that Malta will not let drone-hit vessel into port

A Comprehensive Guide to Understanding Commercial Property Insurance

What is a Managing General Agent (MGA) in Insurance?

Brokers launch port disruption insurance

India expands Russian insurers’ pool

Insuring Collectibles in New York

Russian attacks on Ukraine’s ports push up insurance rates

Marine round-up : 22nd May 2025

CMA CGM will reorganize global fleet to mitigate impact of US port fees on Chinese vessels

SCA’s Rabie says that shipping companies will resume transiting Suez Canal in a month or so

Russian shadow fleet vessels passing through Baltic to be checked for insurance

Renewal Certificate Endorsement For CPL and CPPL Policies

Gard says limits on phone usage are needed for seafarers’ safety

Clubs warn on anchoring outside designated Turkish zones

Maersk Sana will have to wait a few days for salvage tug

Employer, Workers’ Comp Insurer, Survivor Join Baltimore Bridge Collapse Litigation

Distinguished Programs Partners with Johnsonese Brokerage LLC as the Preferred Insurance Provider for New Music Chicago

NTSB meets Mexican counterparts on damaged Cuauhtémoc

Fires on two ships in Puerto Rico within 24 hours

Houthis claim attack on container ship

New EU sanctions will target 189 Russia-linked ships

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