Insured, Insurer and Marine - Insurance Industry Brief

Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030

Insurance Journal

MAY 28, 2025

Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …

Marine

Marine Insured Insurance Insurer

Samsung Fire & Marine Insurance Increases Stake in Lloyd’s Insurer Canopius

Insurance Journal

JUNE 11, 2025

Canopius Group, the London-based specialty and property/casualty insurer and reinsurer, announced that Samsung Fire & Marine Insurance (SFMI) has entered into an agreement to purchase an additional 21% equity stake, bringing its shareholding to 40%. This stake has been purchased …

Marine

Marine Casualty Insurance Insured Insurance

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 Insured

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 Insured Insurance

‘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.

Insured

Insured Insurance Insurer Policy

Denmark Plans $1 Billion War Insurance for Merchant Shipping

Insurance Journal

MAY 2, 2025

Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding …

Insured

Insured Insurance Insurer Risk

Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

Insurance Journal

OCTOBER 18, 2024

Japanese insurer Tokio Marine has paused the sale of its $1 billion Southeast Asia life insurance business, partly due to a dispute with a Malaysian partner over an expiring products distribution agreement, four sources with knowledge of the matter said.

Life Insurance

Life Insurance Marine Insured Insurance

Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage

Property Insurance Coverage Law

FEBRUARY 1, 2025

With six sailboats and a motorboat, I consider myself an enthusiast, though my insurance agent probably sees me as a … The post Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage appeared first on Property Insurance Coverage Law Blog.

Policy

Policy Marine Insurance Agent Insurance Agents

Hub International Acquires C&L Marine Insurance in Florida

Insurance Journal

MARCH 11, 2025

Chicago-based Hub International, an insurance broker and financial services firm with offices across North America, has acquired another agency in the Southeast. Hub announced that it has acquired the assets of C&L Marine Insurance, based in Boca Raton, Florida. President …

Marine

Marine Insurance Broker Broker Insured

Marine Alliance acquires Speedwell Insurance Brokers

Splash: Finance and Insurance

FEBRUARY 18, 2025

Two years after it was founded, Hamburgs Marine Alliance is growing through the acquisition of a majority stake in London-based insurance broker Speedwell, who will join the current partnership of Marine Assekuranz and Fram Insurance Brokers.

Insurance Broker

Insurance Broker Broker Marine License

People Moves: Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber Underwriter; Chubb Promotes Latter to Lead Claims for Overseas General Insurance

Insurance Journal

DECEMBER 17, 2024

This edition of International People Moves details appointments at Arch Insurance and Chubb Overseas General. Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber Underwriter Arch Insurance has appointed Ezechiel Symenouh … A summary of these new hires follows here.

Cyber

Cyber Underwriter Underwriting Marine

Patriot Growth Expands With Brennan & Co. Insurance Agency in Georgia

Insurance Journal

JUNE 5, 2025

insurance agency, based in Savannah, Georgia, is now part of Patriot Growth Services, a brokerage and insurance services firm that has grown rapidly since its founding in 2019. Brennan began business in 2005, specializing in commercial marine … Brennan & Co.

Insurance Agency

Insurance Agency Commercial Insured Insurance

BP Marsh updates on marine insurance investments

Insurance Marine News

JUNE 10, 2025

Join Us The post BP Marsh updates on marine insurance investments appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine

Marine Insured Insurance Insurer

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 Underwriting Underwriter

Tokio Marine Kiln Launches Specialty Reinsurance Division

Insurance Journal

SEPTEMBER 13, 2024

Tokio Marine Kiln (TMK), the international specialist insurer, announced the formation of a new Specialty Reinsurance division to support the company’s growth ambitions in the sector. The new division will be led by Phil Taylor who will be appointed head …

Marine

Marine Insured Insurance Insurer

India Approves More Russian Insurers to Provide Marine Cover

Insurance Journal

MAY 13, 2025

India has approved three Russian insurers, including a unit of top lender Sberbank, to provide marine cover to ships arriving at Indian ports, a government notification shows, helping Moscow maintain oil supplies to a key market. India is the top …

Marine

Marine Insured Insurance Insurer

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 Marine Insured

Markel to Acquire UK Specialist Marine MGA, The MECO Group Ltd.

Insurance Journal

APRIL 16, 2025

Markel, the insurance operations within Markel Group Inc., announced it has agreed to purchase The MECO Group Ltd. MECO), subject to regulatory approval. Financial details of the transaction were not disclosed. Founded in 1974, MECO is a leading, independent specialist …

Marine

Marine Insured Insurance Insurer

Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise

Insurance Journal

JUNE 1, 2025

Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast guard …

Insured

Insured Insurance Insurer Protection

People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance

Insurance Journal

FEBRUARY 27, 2025

Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe Beazley, the London-based specialty insurer, announced the appointment of … This edition of International People Moves details appointments at Beazley and BMS Re. A summary of these new hires follows here.

Commercial Property

Commercial Property Commercial Marine Insured

Crafting Compelling Content for Insurance Agency Websites

Neilson Marketing Services

JANUARY 30, 2025

The digital space is crowded, and insurance agencies are vying for attention in an industry where trust and expertise matter most. A well-crafted insurance agency website is an essential tool for building credibility, attracting potential clients, and converting leads. A one-size-fits-all approach to website content falls flat.

Insurance Agency

Insurance Agency Insured Insurance Insurer

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 Insured

People Moves: Markel Taps AEGIS London’s Pressman as Senior U/W, Marine Cargo; GC&C Names Chubb’s Selff as Head of Underwriting Asia

Insurance Journal

NOVEMBER 22, 2024

Markel Taps AEGIS London’s Pressman as Senior Underwriter, Marine Cargo Markel, the insurance operations within Markel Group … This edition of International People Moves details appointments at Markel and Generali Global Corporate & Commercial. A summary of these new hires follows.

Underwriter

Underwriter Underwriting Marine Commercial

Chubb subsidiary no longer insures Gulf Coast LNG project: report

Insurance Marine News

MAY 19, 2025

Join Us The post Chubb subsidiary no longer insures Gulf Coast LNG project: report appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Insured

Insured Insurance Insurer Marine

Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage

Property Insurance Coverage Law

FEBRUARY 1, 2025

With six sailboats and a motorboat, I consider myself an enthusiast, though my insurance agent probably sees me as a … The post Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage appeared first on Property Insurance Coverage Law Blog.

Policy

Policy Marine Insurance Agent Insurance Agents

Norway’s Okokrim takes charge of marine insurance case

Insurance Marine News

MAY 19, 2025

Join Us The post Norways Okokrim takes charge of marine insurance case appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine

Marine Insured Insurance Insurer

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Insurance Journal

JANUARY 6, 2025

Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous waters. As conflicts rage in the Middle East …

Risk

Risk Building Insured Insurance

Mastering Inland Marine Insurance: A Broker’s Guide

Distinguished

MAY 6, 2025

Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Who Needs Inland Marine Insurance?

Inland Marine Insurance

Inland Marine Insurance Inland Marine Marine Insured

People Moves: Canopius Hires AIG’s Losquadro to Lead Underwriting, Hull & Liability US

Insurance Journal

JUNE 10, 2025

Losquadro brings extensive experience in marine insurance, having held senior roles at both AIG and Marsh McLennan. Canopius Group, headquartered in Chicago, appointed Tom Losquadro as vice president of underwriting for national hull and liability U.S. He joined Canopius on …

Liability

Liability Underwriter Underwriting Marine

Insurance Marine News – Friday May 16th 2025

Insurance Marine News

MAY 15, 2025

The post Insurance Marine News Friday May 16th 2025 appeared first on Insurance Marine News.

Marine

Marine Insured Insurance Insurer

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 Insured Insurance Insurer

Schrager Hampson Aviation Acquires Northeast Aviation & Marine of New York

Insurance Journal

SEPTEMBER 3, 2024

Massachusetts-based Schrager Hampson Aviation Insurance Group reports it has acquired Northeast Aviation & Marine Insurance Brokers of Schenectady, New York.

Marine

Marine Insurance Broker Commercial Broker

People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity

Insurance Journal

DECEMBER 4, 2024

This edition of International People Moves details resignations and appointments at two insurers — Everest Group and Tokio Marine Kiln — and the managing general agent Coalition. A summary of these new hires follows here. Karmilowicz to Resign as Chair …

Cyber

Cyber Agents Marine Insured

UK Expands Sanctions Against Russian Oil Fleet and Its Insurers

Insurance Journal

NOVEMBER 25, 2024

The UK government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. The measures ban any cooperation with Moscow-based insurers AlfaStrakhovanie …

Insured

Insured Insurance Insurer Marine

Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India

Insurance Journal

SEPTEMBER 18, 2024

Russian insurers are playing a growing role facilitating the country’s oil shipments to India, its biggest buyer, data obtained from trade and shipping sources shows, helping to protect Moscow’s export revenue despite western sanctions. Russian firms provided insurance cover for …

Protection

Protection Insured Insurance Insurer

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 …

Insured

Insured Insurance Insurer Protection

Japan’s Non-Life Insurers Must Cut Cross-Shareholdings to Zero, Industry Group Says

Insurance Journal

SEPTEMBER 18, 2024

A trade group representing Japan’s biggest non-life insurers said on Thursday that its member firms should set a clear deadline to cut their strategic holdings of listed client shares to zero. The General Insurance Association of Japan published the guideline …

Life Insurance

Life Insurance Insured Insurance Insurer

Couple Accused of Using Theater Group’s Credit Card Settles With Insurer

Insurance Journal

SEPTEMBER 22, 2024

A Connecticut couple who previously lived in Tampa, Florida, has agreed to settle a subrogation lawsuit brought by Philadelphia Indemnity Insurance Co., which accused the couple of using a nonprofit theater group’s credit card for personal gain. The suit said …

Insured

Insured Insurance Insurer Marine

The Secretive World of Russian Oil Tanker Insurance Revealed

Insurance Journal

OCTOBER 22, 2024

One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is that while some are still covered by the …

Insured

Insured Insurance Insurer Risk

Russian Strikes on Ukraine’s Ports Push Up Insurance Rates: Market Sources

Insurance Journal

OCTOBER 10, 2024

A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump in insurance costs and forced some shipowners to cancel bookings, insurance sources and a broker said on Thursday. Russian ballistic …

Commercial

Commercial Broker Insured Insurance

UK Working to Challenge Russian Shadow Oil Tanker Insurance

Insurance Journal

OCTOBER 17, 2024

The UK said three government bodies are working together to challenge Russian shadow fleet oil tankers if it perceives they have dubious insurance. An announcement from the country’s Foreign, Commonwealth and Development Office didn’t specify how such interventions would occur, …

Insured

Insured Insurance Insurer Marine

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, …

Insured

Insured Insurance Insurer Protection

Insurance Marine News – Tuesday May 13th 2025

Insurance Marine News

MAY 13, 2025

Join Us The post Insurance Marine News Tuesday May 13th 2025 appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Marine

Marine Insured Insurance Insurer

Aspen names Jon Kattman as head of Inland Marine

Insurance Marine News

MAY 22, 2025

Join Us The post Aspen names Jon Kattman as head of Inland Marine appeared first on Insurance Marine News. You need to be logged in to view this content. Please Log In. Not a Member?

Inland Marine

Inland Marine Marine Insured Insurance

Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030

Samsung Fire & Marine Insurance Increases Stake in Lloyd’s Insurer Canopius

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

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Denmark Plans $1 Billion War Insurance for Merchant Shipping

Tokio Marine Pauses Sale of $1B Southeast Asia Life Insurance Business, Sources Say

Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage

Hub International Acquires C&L Marine Insurance in Florida

Marine Alliance acquires Speedwell Insurance Brokers

People Moves: Arch Insurance Taps Symenouh From Tokio Marine as Senior Cyber Underwriter; Chubb Promotes Latter to Lead Claims for Overseas General Insurance

Patriot Growth Expands With Brennan & Co. Insurance Agency in Georgia

BP Marsh updates on marine insurance investments

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

Tokio Marine Kiln Launches Specialty Reinsurance Division

India Approves More Russian Insurers to Provide Marine Cover

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Markel to Acquire UK Specialist Marine MGA, The MECO Group Ltd.

Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise

People Moves: Beazley Taps Generali’s Foucher as Head of Commercial Property, Europe; BMS Re Appoints Hughes and Bartell From Howden Re for Non-Marine Reinsurance

Crafting Compelling Content for Insurance Agency Websites

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

People Moves: Markel Taps AEGIS London’s Pressman as Senior U/W, Marine Cargo; GC&C Names Chubb’s Selff as Head of Underwriting Asia

Chubb subsidiary no longer insures Gulf Coast LNG project: report

Boatowners Beware! Buy a Marine Policy Rather Than Relying Upon a Homeowners Policy For Coverage

Norway’s Okokrim takes charge of marine insurance case

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Mastering Inland Marine Insurance: A Broker’s Guide

People Moves: Canopius Hires AIG’s Losquadro to Lead Underwriting, Hull & Liability US

Insurance Marine News – Friday May 16th 2025

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

Schrager Hampson Aviation Acquires Northeast Aviation & Marine of New York

People Moves: Karmilowicz Resigns as Chair of Everest Global Insurance; TMK Taps AXIS’ Furness-Smith as APAC Cyber U/W; Coalition Names Kanno for UK Cybersecurity

UK Expands Sanctions Against Russian Oil Fleet and Its Insurers

Russian Insurers Play Growing Role in Facilitating Oil Exports to Top Buyer India

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

Japan’s Non-Life Insurers Must Cut Cross-Shareholdings to Zero, Industry Group Says

Couple Accused of Using Theater Group’s Credit Card Settles With Insurer

The Secretive World of Russian Oil Tanker Insurance Revealed

Russian Strikes on Ukraine’s Ports Push Up Insurance Rates: Market Sources

UK Working to Challenge Russian Shadow Oil Tanker Insurance

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

Insurance Marine News – Tuesday May 13th 2025

Aspen names Jon Kattman as head of Inland Marine

Stay Connected