Latest Ocean Marine Headlines

All the headlines from our Ocean Marine Topic Page, ordered by recency.

CNA Appoints Clark Vice President of Ocean Marine Operation

Mar 16 2010 // Chicago-based CNA Insurance has named Stephen Clark as vice president of its Ocean Marine operation. In this role, Clark has responsibility for the global insurer’s entire ocean marine line of business, including...

A Rundown of Anti-piracy Tactics Employed by Bulk Cargo Ships

Mar 1 2010 // Somali pirates are likely to increasingly target ships taking coal and other commodities over the Indian Ocean because smaller bulk vessels are an easier target than large oil tankers and trade to Asia is booming. A 75,000...

Hanover Insurance Enhances Ocean Cargo Product

Jan 12 2010 // The Hanover Insurance Group, Inc. reports it has enhanced its ocean cargo insurance offering and related loss control capabilities. This product provides worldwide coverage on goods in transit via vessel, air or land,...

Cargo Ship and Tanker Hijacked off Somali Coast

Jan 4 2010 // A cargo ship and a chemical tanker have both been hijacked by pirates in the perilous waters off the coast of Somalia, bringing to four the number of ships seized in the past week, officials said Saturday. The multiple...

Great American Ocean Marine Introduces Clean Marina Endorsement

Jun 26 2009 // Cincinnati, Ohio-based Great American Insurance Group announced that its Ocean Marine Division, is offering a new policy endorsement that recognizes the efforts of insured marina owners who achieve and maintain...

Pirates Free Cargo Ship Near Somalia, One Crewman Dead

Jun 25 2009 // The Dutch Defense Ministry said Somali pirates have released a hijacked cargo ship aboard which one crew member was fatally shot. The ministry said Dutch marines are escorting the MV Marathon to a safe port. It also said...

Shrimpton Named as Catlin’s Senior Marine Hull Underwriter

Jun 8 2009 // Bermuda’s Catlin Group Limited has promoted Simon Shrimpton to senior marine hull underwriter in its London office. He will head Catlin’s six-person team, underwriting hull business on behalf of the Catlin...

Marine Cargo Insurance for Small to Mid-Size Businesses Doesn’t Have to Sink the Ship

Apr 20 2009 // Importers and exporters that ship only a modest volume of goods do not have to settle for the often pricey or inadequate marine cargo insurance that is available from freight forwarders — the usual source of this...

Venbrook Acquires Ocean Marine Book of Business

Dec 11 2008 // Woodland Hills, Calif.-based Venbrook Group announced it has acquired an ocean marine book of business from Brown & Brown by its retail brokerage company, Venbrook Insurance Services (VIS). The business will be...

People

Nov 30 2008 // Willis Group Holdings appointed Phillip Ellis leader of a new division focused on growing the company’s Enterprise Risk Management business for Willis’ Global Retail and Specialty teams. He was most recently...

Aloha Insurance Services Names Ocean Marine Department Manager

Oct 13 2008 // Aloha Insurance Services, a full service agency with offices in Kailua-Kona and Kailua, Oahu, recently named Peter Preston manager of the new Ocean Marine Department, with emphasis on charter vessels. Preston has been in...

Trouble on the High Seas?

Sep 22 2008 // Understanding and Planning for Exporters’ Risks While Cargo Is In Transit In the world of foreign trade, making the sale is only half the battle. Once the sale is completed, the arduous process of getting the...

Somali Pirates Hijack Thai Cargo Ship with 28 Crew

Aug 20 2008 // Somali pirates hijacked a Thai cargo ship with 28 crew members onboard, the International Maritime Bureau said Friday. Pirates attacked the Thor Star on Tuesday, senior analyst Cyrus Mody said, in the latest of a string of...

Keely Named VP of Markel Essex Ocean Marine Unit

Jul 2 2008 // Mike Keely has been named vice president and head of the Markel Essex ‘s Ocean Marine Division. Previously, Keely served as assistant vice president Ocean Marine, charged with product and personnel development. Keely...

NYMAGIC Ends Program Management Pact with Southern Marine & Aviation

Nov 29 2007 // NYMAGIC, Inc. said it is terminating its program management agreement with Southern Marine & Aviation (SM&A) on Jan. 1, 2008. Under the program management agreement, which commenced in August, 2003, SM&A...

Houston Group to Handle Marine Cargo Business for OneBeacon Sub

Nov 27 2007 // OneBeacon Insurance Group announced an agreement with Houston-based Southern Marine & Aviation Inc. to represent OneBeacon’s International Marine Underwriters (IMU) division. Under the agreement, IMU will assume...

Cargo Ship Crashes into San Francisco Bay Bridge, Causes Oil Spill

Nov 12 2007 // A cargo ship sideswiped a support on the San Francisco-Oakland Bay Bridge last Wednesday, leaving a gash nearly 100 feet long on the side of the 926-foot vessel, and spilling fuel into the bay. The crash ruptured two fuel...

Markel Global Marine & Energy Opens Ocean Marine Unit

Oct 15 2007 // Houston-based Markel Global Marine & Energy Inc. has opened a department to handle ocean marine, its newest line of business, the company reported. R. Matt Sternenberg was appointed director of Marine Underwriting and...

Sea of opportunity in the ocean marine market

Jan 29 2007 // Agents should know that coverage is often overlooked because most general policies exclude vessels and boats How big is the United States ocean marine marketplace? The U.S. ocean marine market is quite large and diverse;...

The Hanover Provides Agents with Inland Marine Specialists Team

Jan 29 2007 // The Hanover Insurance Group, Inc. has launched the Marine Underwriting Advantage Team, a team of specialists promising marine solutions for agents who place small volumes of inland marine business and would not normally...