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Insurance
Hurricane Maria targets Puerto Rico
Hurricane Maria, the second major storm to hit the Caribbean this month, crept toward the US Virgin Islands and Puerto Rico after it ripped through the small island nation of Dominica, causing widespread devastation, according to a Reuters report.   19 September 2017
Insurance
IUMI warns on ‘sinking’ offshore energy insurance market
The chairman of the International Union of Marine Insurance (IUMI) offshore energy committee, James McDonald warned that the sector was "sinking".   19 September 2017
Insurance
IUMI calls for improved firefighting systems on board container vessels
With the growing size of container vessels, and a recent spate of fires on board of these ships, the International Union of Marine Insurance (IUMI) is concerned that current firefighting provisions are insufficient.   19 September 2017
Insurance
Cargo premiums shrink for fifth consecutive year
Global estimated cargo premium fell 6 percent year on year to $15 billion in 2016, a further 9 percent decline since 2014, according to the International Union of Marine Insurance (IUMI).   18 September 2017
Insurance
Willis appoints new head of international construction
Broker Willis Towers Watson has appointed Martin Hiller as head of international construction, within its corporate risk and broking unit.   18 September 2017
Insurance
Ascent introduces cyber policy nil deductible for SMEs
Specialist niche-product managing general agent (MGA) Ascent Underwriting said on Sept. 18 that it is further targeting small and medium-sized (SME) business by offering nil deductible/zero excess options on all cyber insurance policies globally.   18 September 2017
Insurance
Twelve Capital hires Barbican executive
Twelve Capital, an investment firm specialising in insurance investments, said on Sept. 18 that it hired Aaron Coates to the firm’s London office.   18 September 2017
Insurance
IUMI president predicts shake-up in marine underwriting
The current environment of disruption will cause a shake-up in the marine insurance sector, the president of the International Union of Marine Insurance (IUMI) Dieter Berg said at the annual IUMI conference in Tokyo.   18 September 2017
Insurance
Aviva completes €0.5bn Spanish divestment
UK-based Aviva said that it has completed the sale of its 50 percent shareholding in life insurance and pension joint ventures Unicorp Vida and Caja España Vida, as well as its retail life insurance business Aviva Vida y Pensiones, to Santalucía Compañía de Seguros y Reaseguros.   18 September 2017
Insurance
Hurricane Irma insured losses at up to $50bn: AIR Worldwide
Combined industry insured losses for Hurricane Irma for the US and the Caribbean will range from $32 billion to $50 billion, according to estimates from catastrophe modelling firm AIR Worldwide.   18 September 2017

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