marine News
Rate Hikes Drive Beazley’s H1 Earnings Significantly Higher
Lloyd's of London insurer Beazley Plc said on Tuesday its first-half earnings nearly tripled from last year, as it wrote more policies at higher rates and said it expects double-digit premium growth ...
Intense Downward Pricing Pressures Loom for Marine P&A Clubs, A.M. Best Warns
While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline will be tested over the February 2018 renewal period, ...
Aspen Buys Puerto Rico MGA as Part of Caribbean Marine Expansion
Aspen Insurance has made an acquisition that will expand its specialist Marine capabilities in the Carribbean market. The Bermuda-based insurer said it bought Blue Waters Insurers, Corp. Blue Waters, ...
Ironshore Turns to Shanghai with Launch of Lloyd’s China Platform
Ironshore International, now fully owned by Chinese conglomerate Fosun International, is expanding into Shanghai via Lloyd's. The Bermuda-based specialty property/casualty insurer will be doing this ...
JLT Specialty USA Adds Marine Specialty Practice
JLT Specialty USA, part of Jardine Lloyd Thompson Group plc, has added a marine specialty practice. The new practice is part of JLT Specialty USA's strategy of expanding its U.S. capabilities and ...
Berkshire Hathaway Specialty Now in Australia with Marine Office
Berkshire Hathaway Specialty Insurance Company is now underwriting Marine, Transport & Logistics Liability Insurance in Australia and New Zealand. Barton Phillips, the head of the group, and ...
Ahead of Merger Vote, PartnerRe & AXIS Release Preliminary Q2 Numbers
PartnerRe and AXIS Capital Holdings Ltd. won't be holding their merger shareholder vote until August 7. In the meanwhile, they've released preliminary 2015 second-quarter results, underscoring the ...
Brindle’s Fidelis Insurance Holdings Debuts With $1.5B in Equity Raised
Fledgling Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Ltd. raised a massive $1.5 billion in equity capital, a major accomplishment for the industry. What's more, Fidelis ...