marine liability News

Paris Court Rejects Compensation Claim from 1994 Estonian Ferry Disaster

A Paris court rejected a compensation claim Friday related to the 1994 sinking of an Estonian ferry, which remains one of Europe’s deadliest maritime disasters. The court ruled on the claim from more than 1,000 survivors and relatives of victims …

Environmental Disaster Unfolds in Pacific, Near Solomon Islands, as Ship Leaks Oil

An environmental disaster is unfolding in the Pacific after a large ship ran aground and began leaking oil next to a UNESCO World Heritage site in the Solomon Islands, Australian officials said Friday [March 1]. Footage taken this week shows …

MGA Globe Underwriting Launches Marine Division with UK, Int’l Focus

Globe Underwriting, the UK-based managing general agent, has announced the launch of its marine division. The five-strong team is led by Peter Rogers, head of marine, and David Dymond, head of underwriting. They will report to Gary Corke, CEO, Globe …

Markel Int’l Singapore Taps Munich Re’s Fordham as Marine Liability U/W

Markel International Singapore, the specialist insurer, has appointed Colin Fordham as a senior marine liability underwriter based in Singapore. Fordham joins from the Munich Re syndicate on the Lloyd’s Asia Platform, where he held the same position, and brings with …

W.R. Berkley Suspends Marine Underwriting in London: Sources

W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the company’s Lloyd’s managing agent, is suspending its …

Hamilton Underwriting at Lloyd’s to Hike 2017 GWP to £122.5M ($152.9M)

Hamilton Underwriting Ltd., the Lloyd’s platform of Bermuda-based Hamilton Insurance Group, announced that the managing agency has received approval from Lloyd’s to increase its gross written premium for Syndicate 3334 in 2017 to £122.5 million ($152.9 million). Gross written premium …

Beazley Expands Marine Business by Buying Subsea Specialist Leviathan Facility

Beazley, a provider of specialist marine insurance, is expanding its marine offerings with the acquisition of London-based subsea specialist The Leviathan Facility. Beazley will acquire the majority of their existing book and renewal rights. In addition, principal Leviathan underwriters, Simon …

Class Action Filed Against Royal Caribbean Over Storm-Tossed Cruise

A passenger from a cruise ship that was battered by a major storm in the Atlantic Ocean filed a proposed class-action lawsuit against Royal Caribbean in Miami federal court, his lawyer said Thursday. The lawsuit filed by attorney Michael Winkleman …

Claims Deadline for Sunken Cargo Ship El Faro Set

A federal judge has set a deadline for damage claims filed by relatives of crewmembers who were lost aboard a cargo ship that sank last month in Hurricane Joaquin. U.S. District Court Judge Harvey Schlesinger set Dec. 21 as the …

Markel International Appoints Loader as Senior Underwriter, Marine Trades

Markel International, the London-based specialist insurer, has appointed Steve Loader as senior underwriter, marine trades, in its marine and energy division. Loader joins Markel from RSA Plc where he had been a senior transportation underwriter since 2009 and was responsible …