News

Verlingue Buys Groupe Eyssautier, Expands Marine & Transport Cover

Today, Verlingue announces a new external growth operation in France with the acquisition of the Groupe Eyssautier (Paris, Marseille, London), and bolsters both its marine and transport expertise in addition to its geographical network. In […]

News

Lloyd’s Market: SSL Endeavour Launches Cyprus/Greece Subsidiary

Specialist independent Lloyd’s broker and delegated authority expert SSL Endeavour Limited (“SSL Endeavour”) today announces that a wholly owned subsidiary, SSL Endeavour Insurance Brokers Ltd Cyprus & Greece (“SSL Endeavour Cyprus & Greece”), is now […]

Insurance & Reinsurance

Marine: Hiscox Develops New Product to Combat Shipping Seizures by Nations

Hiscox, the specialist global insurer, has developed a new security product to help protect shipping targeted by nation states. Malicious Vessel Seizure will respond to a single peril of a ship taken by a foreign […]

Global insurance trends

Marine Insurance Costs Set to Rise as Persian Gulf Drama Plays Out

Jonathan Moss, head of transport and marine at global legal business, DWF,  comments on the seizure of the British vessel in the Persian Gulf and the subsequent impact on insurance premiums. He said: “The seizure […]

Global insurance trends

Average Cargo Theft Costs Around $77K, Says TT Club Survey

TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year.  Highlighted findings include: theft from road vehicles once more accounts for the […]

Insurance Brokers

Broker News: Beazley Launches Cyber Cover for Marine Sector

As most modern ships are controlled via software, rather than a Cap’n Birdseye character at the big wooden wheel, there is the danger that hackers could send your container loads of Toyota Hybrids to Timbuktu, […]

News

Concirrus Joins Forces With TransRe on Marine Insurance Project

Concirrus, the marine analytics insurtech company, has agreed to work with TransRe, the global reinsurer, to jointly develop innovative data-driven reinsurance programmes for marine insurers worldwide. The teams will use Quest Marine data and analytics […]

Flood Insurance

RMS Estimate Costs of Typhoon Jebi at over US $3 Billion

RMS, a global risk modelling and analytics firm, has estimated that the insured loss for Japan from Typhoon Jebi will be between USD$3 billion and $5.5billion (¥340 to ¥620billion). This estimate is based on analysis of […]