Ocean marine News

Great American Adds Salway, Cacoilo to Manage New Luxury Yacht Program

Great American Insurance Group’s Ocean Marine Division has introduced its Luxury Yacht Program, offering insurance products for luxury yachts through select yacht specialty agents. Rick Salway has joined Great American as divisional vice president to oversee the development and management …

Maritime Program Group Expands Into Additional Ocean Marine Classes

Maritime Program Group, Inc. of Westbrook, Conn., has expanded their ocean marine programs to include a new underwriting facility targeting commercial shipyards, terminal operators, ship repairers, stevedores, port authorities and wharfingers. Marine coverages can be offered stand-alone or packaged with …

Sompo Canopius Launches U.S. Ocean Marine Unit; Hires XL Catlin’s Ellis to Head

Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a “significant expansion” of its U.S. business that will complement its marine …

Maritime Program Group Launches Ocean Marine Cargo Facility

Maritime Program Group (MPG) has expanded their marine programs with the launch of a new Ocean Marine Cargo facility. MPG is now underwriting Ocean Cargo with North American Specialty, A+ admitted security by Swiss Re. MPG’s appetite includes small- to …

XL Catlin Marine Business Unit Adds 3 in San Francisco

XL Catlin hired Frank Basich as senior member of the XL Catlin marine underwriting team in San Francisco. Basich is responsible for inland marine business in the western states, exercising his 25-plus years of experience underwriting many commercial lines of …

Csorba Joins Great American Insurance Group as Divisional President

Great American Insurance Group, based in Cincinnati, Ohio, has hired F. Michael Csorba as divisional president within the property and casualty group’s Ocean Marine Division. He will succeed John Rowney, who is retiring after nearly 28 years of service with …

Chubb’s Stoik Joins Great American as Senior VP

Great American Insurance Group has hired Lloyd J. “Pat” Stoik as senior vice president within Great American’s Property and Casualty Group. In his new role, Stoik will assume reporting responsibilities for Great American’s Property and Inland Marine, Ocean Marine and …

ACE USA Updates Marine Cargo Policy

ACE USA, the U.S.-based retail operations of the ACE Group, has released an updated marine open cargo policy that consolidates multiple coverage components into one form. The updated marine open cargo policy incorporates several coverage endorsements in a single form, …

INTTRA to Offer Cargo Insurance Through Ocean Shipping E-Commerce Network

INTTRA, a global multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks, via INTTRA’s e-commerce platform. INTTRA members can elect to purchase cargo …

Swett & Crawford Subsidiary Launches New Marine Underwriting Division

Swett & Crawford subsidiary J. H. Blades & Co. has launched J. H. Blades Marine Underwriting Services (Blades Marine), a new marine insurance underwriting division. This full service MGU will underwrite brown water exposures for specialty retail agents and brokers. …