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Marine Insurance Syndicate content


Western Marine Insurance Services Hires Olmstead as VP of Programs Underwriting

Stockton, Calif.-based Western Marine Insurance Services appointed Scott Olmstead vice president of programs underwriting of the Aquapac Plus recreation marine package programs. He will be responsible

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Allianz Group and Fireman's Fund Team to Combine Marine Insurance Business

Allianz Global Corporate & Specialty (AGCS), the industrial insurance arm of the Allianz Group, and Fireman's Fund Insurance Co, an Allianz general insurance unit in the United States, are combining t

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ACE Recreational Marine Insurance Announces Top Ten Recreational Boating Safety Tips (Business Wire)

PHILADELPHIA----Recreational boating activity soars during warm weather months, and so do boating incidents and injuries. According to the U.S. Coast Guard's "Boating Statistics 2006,"1 the most recent year available, there are almost 13 million registered recreational boats in the United States.

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Travelers to sell Unionamerica Holdings

HARTFORD, Conn.The Travelers Cos. said Tuesday that its subsidiary, St. Paul Fire & Marine Insurance Co., agreed to sell Unionamerica Holdings Ltd. to a subsidiary of Enstar Group Ltd. for $343.4 million. Unionamerica Holdings, which handles runoffs for Travelers U.K.-based London company...

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Willis Re appoints P&I team

LONDONWillis Re has appointed four executives to lead its newly created protection and indemnity and marine insurance team, the broker announced Monday. London-based Willis Re's executive director, Robin Brown, a 33-year veteran of the insurance industry, will become managing director of the...

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Rates vary amid shipping industry boom

Marine insurance buyers are dealing with coverage rates that are way up in some lines of business and flat or falling in others. While protection and indemnity rates continue to increase at double-digit rates, costs in other liability lines are steady as she goes. Cargo rates are level or falling,...

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Allianz consolidates marine business

MUNICH, GermanyAllianz Global Corporate & Specialty, the industrial insurance arm of Allianz S.E., and Firemans Fund Insurance Company, an Allianz general insurance unit in the United States, are combining their marine insurance businesses, AGCS announced Tuesday. The two Allianz...

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Western Maritime Insurance Services Marks 25-Year Milestone

Stockton, Calif.-based Western Maritime Insurance Services is celebrating its 25th anniversary. The west coast marine insurance wholesaler has grown to 2,500

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Underwriting year surplus for Gard

ARENDAL, NorwayGard Groups gross premiums rose 11% to $721 million and the marine insurance group ended the 2007 underwriting year with a $69 million surplus. Gardbased in Arendal, Norwayreleased highlights of its year ending Feb. 20, 2008, after a board of directors meeting on...

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Most marine insurance policies don't cover fuel theft

Most marine insurance policies don't cover fuel theft

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