German Bank Seeks to Seize Ships for Breach of Iran Sanctions August 6, 2019 By Saket Sundria, Serene Cheong and Dan Murtaugh Reports alleging that fuel tankers appeared to breach U.S. sanctions against Iran were cited in court filings by a bank...
MGU Lodestar Marine and Aspen Insurance Form Agreement to Provide P&I Cover February 13, 2019 Lodestar Marine, the London-based managing general underwriter, announced an agreement with Aspen Insurance to provide protection & indemnity insurance (P&I)...
Singapore’s EF Marine Forms Capacity Deal with Swiss Re Corporate to Offer Fixed Premium P&I Cover December 27, 2018 Singapore-based EF Marine announced a managing general agent (MGA) agreement with Swiss Re Corporate Solutions, effective Jan. 1, 2019. The...
Marine P&I Clubs Face Intense Pricing Pressures in February Renewals: A.M. Best February 14, 2018 While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline...
Ryan Specialty Group Agrees to Buy UK P&I MGA Lodestar Marine from Tawa February 13, 2018 Ryan Specialty Group LLC (RSG) announced it has reached a definitive agreement to acquire London-based Lodestar Marine Ltd., an MGA...
Maintenance Work Causes Majority of Auxiliary Engine Damage in Vessels: Swedish Club January 9, 2018 The majority of all auxiliary engine damage takes place immediately after maintenance work in vessels, according to an investigation by...
Canada’s Eagle Underwriting Teams Up with MS Amlin’s RaetsMarine March 17, 2017 Canada’s Eagle Underwriting Group Inc. has teamed up with MS Amlin Marine NV, trading as RaetsMarine, to offer protection &...
Sompo Canopius Re Appoints Swiss Re’s Gray as Head of P&I Reinsurance February 13, 2017 Sompo Canopius Re announced the appointment of Christopher Gray as head of P&I reinsurance, effective immediately. Gray, who joins from...
P&I Sector’s Underwriting Discipline to Be Tested in Coming Renewals: A.M. Best February 8, 2016 Underwriting discipline in the marine protection and indemnity (P&I) sector will be tested over the February 2016 renewal period due...
P&I Premiums Expected to be Under Pressure at 2016 Renewals: Willis Report December 22, 2015 A report from Willis Group Holdings notes that “despite P&I Clubs announcing that they are trying to achieve on average...