Archive for the ‘Insurance and Reinsurance’ Category

AFL’s USA subsidiary Zodiac fills insurance gap with new D&O cover

AFL’s USA subsidiary Zodiac fills insurance gap with new D&O cover
Zodiac president David Wash London, 11 January, 2019: Lloyd’s broker AFL Insurance Brokers Ltd (AFL) is delighted to announce that its independent USA managing general agent subsidiary Zodiac Insurance Services, LLC. (Zodiac) has launched innovative new Directors and Officers (D&O) capacity for...
January 11th, 2019 | Company Profiles, Insurance and Reinsurance, Marine Insurance, Person Profiles | Read More

Top 10 Bermuda market highlights 2018

Top 10 Bermuda market highlights 2018
Innovation The Bermuda market differentiated itself more than ever through pioneering legislation and aggressive business development this year. The proactive trailblazing boosted our competitive advantage and laid the foundation for a new industry, fintech, earning monikers like “Innovation...
December 21st, 2018 | Associations, Banking, Events, Conferences,Forums and Symposiums, Finance, Insurance and Reinsurance, Marine Insurance, Reports | Read More

HFW: Insurance Bulletin – December 2018

HFW: Insurance Bulletin – December 2018
Costas Frangeskides, Partner, Holman Fenwick Willan LLP In this issue: Regulation and legislation; Court cases and arbitration; HFW publications and events 1. Regulation and Legislation UK: The FCA’s Brexit Impact Assessment UK: Covered Agreement announced between the UK and the US EU: EIOPA consults...
December 19th, 2018 | Communication, Insurance and Reinsurance, Marine Insurance, News | Read More

Duck Creek Technologies Noted in 2018 Gartner Magic Quadrant Report for Non-Life Insurance Platforms, Europe

Duck Creek Technologies Noted in 2018 Gartner Magic Quadrant Report for Non-Life Insurance Platforms, Europe
Bart Patrick London, UK, 4/12/2018 – Duck Creek Technologies Europe (DCTE) is delighted to announce that its parent company, Duck Creek Technologies, has been positioned as a Leader in the 2018 Gartner “Magic Quadrant for Non-life Insurance Platforms, Europe”. Headquartered in Boston, USA, Duck...
December 4th, 2018 | Company Profiles, Insurance and Reinsurance, Marine Insurance | Read More

Disaster Preparedness

Disaster Preparedness
Irene K. Notias and Theodore Chouliaras Project Connect and The Institute of Maritime Educational Studies, (IMES) present:  “NEVER FORGET” A seminar on disaster preparedness for children ages 9 to 99 that raises awareness that to act proactively saves lives! The training seminar on the prevention...
December 1st, 2018 | Charity, Earthquakes, Tsunamis, Cyclones and Typhoons, Education and Training, Emissions, Environment, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Pollution | Read More

Ageas Insurance Chooses Duck Creek Claims and Policy For Portuguese Business

Ageas Insurance Chooses Duck Creek Claims and Policy For Portuguese Business
Bart Patrick Duck Creek Technologies announced today that the Portuguese business unit of Ageas (Ageas Seguros), a top insurer in Europe and Asia, has selected Duck Creek Claims and Duck Creek Policy as its platform for transformation to streamline operations and offer superior service to customers in...
November 29th, 2018 | Insurance and Reinsurance | Read More

AFL Sud America launches in Argentina

AFL Sud America launches in Argentina
Guillermo Pastore Independent Lloyd’s broker AFL Insurance Brokers Ltd (AFL) is delighted to today announce the launch of AFL Sud America LLC (AFL Sud America), as part of a joint venture with Special Division Reinsurance Brokers (Special Division), one of the largest reinsurance brokers in South America. Headquartered...
November 28th, 2018 | Company Profiles, Insurance and Reinsurance, Marine Insurance, Person Profiles | Read More

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix

The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix
John Faraclas The BDI@1,339: The roulette wheel keeps turning. It all depends on what day of the week you fix. Just compare to only 5 days ago (22/11) and see what you get out of this. The BCI has exactly doubled whilst Handies and Supras are completely flat; all the Capes heading to China. Geopolitics...
November 27th, 2018 | Associations, Classification Societies, Insight, Insurance and Reinsurance, IUA, Marine Insurance, Markets, News, Reports, Technical, Technology | Read More

HFW: Insurance Bulletin – November 2018

HFW: Insurance Bulletin – November 2018
Costas FrangeskidesPartnerHolman Fenwick Willan LLP In this issue: Regulation and legislation; Court cases and arbitration; HFW publications and events 1. Regulation and Legislation UK: Unfair pricing practices? FCA launches market study into the retail home and motor markets 2. Court cases and arbitration England...
November 27th, 2018 | Communication, Insight, Insurance and Reinsurance, Legal, Marine Insurance | Read More

London launches Sharia principles as market looks to Islamic opportunities

London launches Sharia principles as market looks to Islamic opportunities
Max Taylor The London market has taken a significant step forward in its plans to deliver Sharia-compliant capacity for Islamic commercial risks with the Islamic Insurance Association of London (IIAL) launching a set of Guiding Principles for the provision of Sharia-insurance. The principles, will be...
November 27th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, IUA, Marine Insurance | Read More

Lord Chris Holmes & AIG’s Duperreault join Bermuda industry events in London

Lord Chris Holmes & AIG’s Duperreault join Bermuda industry events in London
Fireside chat guests with Bermuda’s Premier at next week’s industry events in London: Lord (Chris) Holmes of Richmond MBE and American International Group President & CEO Brian Duperreault Hamilton, Bermuda, November 23, 2018 – The UK’s Chris Holmes, Lord of Richmond MBE,...
November 23rd, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance, Markets, Trade and Commerce | Read More

Comment: The withdrawal agreement and the impact on the insurance industry

Comment: The withdrawal agreement and the impact on the insurance industry
Bob Haken Norton Rose Fulbright insurance partner Bob Haken commented: “What the Political Declaration does say about financial services in general is that there will be commitments to “preserving financial stability, market integrity, investor protection and fair competition, while respecting the...
November 15th, 2018 | Comment, Insurance and Reinsurance, Legal, Marine Insurance | Read More

Global insurance and trade grapple with blockchain innovation

Global insurance and trade grapple with blockchain innovation
Prof Michael Mainelli. Global insurance and trade grapple with blockchain innovation By James Brewer Blockchain, a system that has seen substantial growth in 2018, holds out immense promise for mitigating business and financial risk, a conference in the heart of London’s insurance market heard. The...
November 15th, 2018 | Banking, Conferences, Seminars, Forums, Corruption, Finance, Insight, Insurance and Reinsurance, Marine Insurance, Maritime Fraud, Safety and Security, Shipfinance | Read More

ICRMC Bermuda brings out the top cyber experts – Register Today!

ICRMC Bermuda brings out the top cyber experts – Register Today!
Plan your trip to Bermuda in December and join global cyber leaders from Deloitte, Aon, Willis Towers Watson, AXA XL, Moody’s, AIG and more Take your place among a set of world-class cyber leaders including CISOs from Silicon Valley and Wall Street, global cyber leaders from insurance and industry,...
November 1st, 2018 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

Insurance Briefing: Dalamd Limited v Butterworth Spengler Commercial Limited: Causation and Some Limited Relief for Brokers

Insurance Briefing: Dalamd Limited v Butterworth Spengler Commercial Limited: Causation and Some Limited Relief for Brokers
Christopher Foster, Partner HFW In Dalamd Limited v Butterworth Spengler Commercial Limited1, the Commercial Court looked at, among other things, causation issues arising in negligence claims against insurance brokers. Whilst the court found that the defendant had breached its duty to the claimant...
October 29th, 2018 | Insurance and Reinsurance, Legal | Read More

New London Market Human Resources Group launched

New London Market Human Resources Group launched
Louise Day A new London Market group for human resources professionals has been established by the International Underwriting Association. The move comes in response to a growing number of regulatory changes and initiatives across the insurance sector to boost education, training, talent recruitment...
October 24th, 2018 | HR, Insurance and Reinsurance, IUA | Read More

Bermuda showcased in Miami as centre of excellence

Bermuda showcased in Miami as centre of excellence
A full house Hamilton, Bermuda, October 18, 2018 – Bermuda’s breadth of multi-industry expertise and opportunities the island offers the Latin American region were the focus of a full-day forum in downtown Miami yesterday organised by the Bermuda Business Development Agency (BDA). Some...
October 19th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance | Read More

Spirit of compromise thrives as Nordic Marine Insurance Plan heads for revision in 2019

Spirit of compromise thrives as Nordic Marine Insurance Plan heads for revision in 2019
Keith Jones of Aon Risk Solutions, John Martin of Gard and Paul Calvert of the International Underwriting Association The Nordic Marine Insurance Plan will continue to operate in a spirit of compromise and consensus amid modest amendments expected to emerge from the latest regular review of its clauses,...
October 18th, 2018 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

London company market income jumps to £26.3bn

London company market income jumps to £26.3bn
Premium income in the London company market has jumped to £26.314bn, a new report by the International Underwriting Association (IUA) has revealed. Gross written premium in London for 2017 was £18.331bn while a further £7.984bn was identified as written in other locations, but overseen and managed...
October 16th, 2018 | Insurance and Reinsurance, IUA, Marine Insurance, Reports | Read More

Clearwater works with Norway’s maritime war risk insurance club (DNK) to develop ground-breaking digital solutions for maritime insurance market

Clearwater works with Norway’s maritime war risk insurance club (DNK) to develop ground-breaking digital solutions for maritime insurance market
Clearwater Tracking and DNK have partnered to provide the first end-to-end truly digital platform for maritime insurance, operations and management, deploying advanced satellite technology from ORBCOMM for cost-effective, near real-time data on vessel position, breach reporting and other on-board information Poole,...
October 11th, 2018 | Insurance and Reinsurance, Marine Insurance, News, P and I Clubs | Read More

IMCA announces impending launch of code of conduct for members and “doing business without bribery” e-Learning module

IMCA announces impending launch of code of conduct  for members and “doing business without bribery”  e-Learning  module
Allen Leatt, CEO of IMCA Highly successful IMCA Contracts & Insurance Seminar attracts contractors, oil companies, legal and insurance firms Code of Conduct for IMCA members to be launched Q4 2018 IMCA-endorsed ‘Doing Business Without Bribery’ e-learning module lined-up for Q4 2018 launch Two...
October 3rd, 2018 | Associations, Bribery and Corruption, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, Regulatory | Read More

Miami Mayor Suarez to take part in Bermuda industry forum

Miami Mayor Suarez to take part in Bermuda industry forum
Bermuda Premier David Burt; Miami Mayor Francis Suarez Hamilton, Bermuda, September 20, 2018 – Miami Mayor Francis Suarez will join Bermuda Premier David Burt for a “fireside chat” kicking off next month’s multi-industry forum being held in his city by the Bermuda Business...
September 20th, 2018 | Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance | Read More

Richard Turner elected President of IUMI

Richard Turner elected President of IUMI
Richard Turner 19 September, Cape Town. Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI). In accordance with the Articles of Association, IUMI’s Council formally elected Richard at...
September 19th, 2018 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, News, Person Profiles | Read More

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
Sean Dalton On Tuesday 18 September – Sean Dalton, the International Union of Marine Insurance (IUMI) Cargo Committee Chair reported that the marine cargo market remained the largest commercial marine line of business in terms of premium income. IUMI’s 2017 statistics showed global cargo premiums...
September 19th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

Naval Dome calls on Insurers to revoke Clause CL 380

Naval Dome calls on Insurers to revoke Clause CL 380
Itai Sela Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems. Speaking in Cape Town, South Africa, today during the International Union of Marine Insurance’s (IUMI) annual conference,...
September 19th, 2018 | Bribery and Corruption, Comment, Conferences, Seminars, Forums, Corruption, Events, Insight, Insurance and Reinsurance, Marine Insurance, News, Safety and Security | Read More