marine and energy News

Arthur J. Gallagher & Co. Acquires Norway-Based Parisco AS

Arthur J. Gallagher & Co. announced the acquisition of Norway-based Parisco AS. Terms of the transaction were not disclosed. Founded in 2001, Parisco is a marine and energy broker, serving contractors, offshore service vessels, exploration and production, shipping, passenger vessels …

Guy Carpenter Launches Mutual, Agency and Captive Reinsurance Solutions Practice

Guy Carpenter & Co., the reinsurance broker subsidiary of Marsh & McLennan Cos., announced the launch of a new marine & energy mutual, agency and captive reinsurance solutions practice, and the appointment of Demian Smith as managing director to lead …

Sompo International Appoints Marine, Aviation & Energy Leaders in London

Bermuda-based Sompo International announced that Paul Ashworth has joined the company’s London Market Insurance platform as head of Marine Insurance, managing a diverse portfolio, including hull & liability and cargo & specie marine classes. Ashworth has built and managed marine …

Ed Announces Series of Appointments and One Departure

Ed, the London-based reinsurance, wholesale and specialty broker, has announced several appointments over the past few weeks in the areas of international property and casualty, marine and energy, finance, and underwriting. The company also announced one departure. Announced on Feb. …

Lloyd’s Insurer ArgoGlobal Grabs O’Gorman from CNA to Lead Marine Team

ArgoGlobal, the Lloyd’s insurer and member of Argo Group, announced the appointment of Steve O’Gorman as head of Marine, effective Aug. 22. He reports to Bruno Ritchie, director of underwriting and active underwriter. The former head of Marine, Philip Thorpe-Apps, …

Markel International Enters Marine Equipment Market with Senior Execs Appointed

Markel International, the specialist insurer, has appointed Andy Lane, senior underwriter, in its newly created marine equipment business, part of its marine, energy and property division. Lane joins David Stallard, underwriter, who started his role earlier in the year. With …

Chubb Tempest Re Names Lee-Amies Head of Marine & Energy, Succeeding Neave

Chubb Tempest Re, the global reinsurance division of Chubb, has appointed Neil Lee-Amies to the role of head of Marine and Energy, Chubb Tempest Re. Formerly Marine & Energy Excess of Loss underwriter at legacy Chubb, Lee-Amies will be responsible …

P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions

Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington’s sanctions, according to officials involved in the initiative. International oil and shipping …

Sompo Canopius Names Southgate Global Head of Marine, Energy & Engineering

Sompo Canopius AG announced the appointment of Mike Southgate as global head of Marine, Energy and Engineering. He will join the group underwriting committee and report to Mike Duffy, group chief underwriting officer. Southgate, who was previously joint active underwriter …

Iran Still Faces Curbs on Oil Exports from Ongoing Insurance Issues: Oil Official

Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship insurance difficulties, a senior Iranian oil official said, despite seeing a “tangible” rise in shipments this month. Iran emerged from …