India Continues Rescue Operations After Powerful Cyclone Tauktae Batters Region May 19, 2021 By Summit Khanna and Aishwarya Nair AHMEDABAD/MUMBAI – Naval vessels and aircraft scoured the waters off India’s west coast late on Wednesday after the most powerful...
Cyclone Sinks Barge Operated by India’s Oil & Natural Gas Corp., Hundreds Rescued May 18, 2021 By Sudhi Ranjan Sen and Debjit Chakraborty A cyclone barreling through India’s west coast sank a barge hired by state-run explorer Oil & Natural Gas Corp. prompting...
Reinsurers Will Bear Most of Costs of Container-Ship Grounding in Suez Canal April 8, 2021 By Jonathan Saul and Carolyn Cohn LONDON — Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic...
Abandoned Dutch Cargo Ship Secured by 2 Tugboats off Coast of Norway April 7, 2021 By Terje Solsvik OSLO – A Dutch cargo ship that was abandoned at sea during a storm off the coast of Norway this...
Greek Tanker Manager Denies Connection to Oil Leak Tarring Brazil’s Beaches November 4, 2019 The manager of an oil tanker being probed by Brazilian authorities in connection with an oil spill off the country’s...
Ocean Marine Insurers Face New Risks, Challenges in Changing Segment September 26, 2019 By Sean Dalton Ocean marine insurance is the oldest line of insurance and today represents a small specialty line in the property/casualty insurance...
Large Shipping Losses in 2018 Drop to Lowest Level this Century but New Risks Emerge June 4, 2019 Large shipping losses declined by more than 50% in 2018 from the previous year – their lowest level this century,...
Environmental Disaster Unfolds in Pacific, Near Solomon Islands, as Ship Leaks Oil March 4, 2019 By Nick Perry An environmental disaster is unfolding in the Pacific after a large ship ran aground and began leaking oil next to...
MGA Globe Underwriting Launches Marine Division with UK, Int’l Focus May 23, 2017 Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led...
Markel Int’l Singapore Taps Munich Re’s Fordham as Marine Liability U/W April 18, 2017 Markel International Singapore, the specialist insurer, has appointed Colin Fordham as a senior marine liability underwriter based in Singapore. Fordham...