Marine
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Michelle Sipple has left amid a surge in premiums in the inland marine market.
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Marine and excess and surplus lines (E&S) specialist Jeana Ramos joins the business from US Risk Brokers.
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Gard, Skuld, the Swedish Club, North and American Club are among the mutuals targeting non-traditional business.
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The broker said outsized claims experience for the 2019/20 period had left some mutuals struggling.
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The industry is trying to recruit younger talent as it struggles to replace retirees.
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Pene Reuben re-enters the market after leaving Allied World in April.
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The underwriter will join a marine team headed by John Potter.
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A group of marine experts warned that new technology is not a panacea for insurers and shipowners seeking to cut costs.
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Broad cargo coverage is failing to match premium volume, Munich Re’s Sean Dalton said at Iumi’s conference.
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The marine body’s president cites political instability and digitalisation as being among the pressures on the sector.
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P&I clubs violating sanctions will not be able to cede risk to the group’s reinsurance programme.
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The clarification relates to an article published yesterday titled "Wrecked Santa Cruz dive boat insured for only $2mn".
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