Canadian Underwriter

Keyword
marine

Cargo ship on the St. Lawrence River
News Insurance

Navigating climate change: How shipping is adapting in the St. Lawrence

September 8, 2022 The Canadian Press

By Claude Comtois, Professeur emerite de geographie, Universite de Montreal – THE CONVERSATION   This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the

aerial view of fishing boat in the sea
News ClaimsCommercial LinesInsuranceLegal

Commercial insurer, brokerage granted right to a jury trial in marine claim

September 7, 2022 by David Gambrill

A B.C. commercial fishing operation must face a jury in its insurance claim against Intact Insurance and the brokerage Harlock Murray Underwriting Ltd., B.C.’s Supreme Court has ruled. The court was not convinced the claim of Arctic Pearl Fishing Ltd.,

Anthony Tramonte, head of AGCS Canada
News Insurance

Insurer appoints new head of marine for Canada

September 2, 2022 by Jason Contant

Anthony Tramonte has joined Allianz Global Corporate & Specialty (AGCS) as head of marine for AGCS Canada, the insurer announced Thursday. In his new role, Tramonte will develop and lead the local strategy and proactively support the development of AGCS’

Container ship in sea
News Insurance

Container ship the size of two football fields adrift off N.L., says coast guard

March 10, 2022 The Canadian Press

ST. JOHN’S, N.L. – The Canadian Coast Guard says a container ship the length of two football fields is adrift off the west coast of Newfoundland. The agency said in an email Wednesday the 265-metre-long MSC Kim reported engine problems

News Insurance

Why mega-ships are mega risks for marine insurers

August 16, 2021 by Jason Contant

The blocking of the Suez Canal by the Ever Given container ship in March shows that ever-increasing vessel sizes continue to pose a disproportionately large risk, said marine insurer Allianz Global Corporate & Specialty SE (AGCS). On Mar. 23, 2021,

News Insurance

Boom or bust: What MGAs are seeing in commercial lines

July 27, 2021 by Jason Contant

With many people still working from home, one marine underwriter has seen the pleasurecraft line of business “take off.” But that doesn’t mean it’s smooth sailing for marine underwriting. It can still be difficult finding capacity for small- or mid-sized

News Insurance

How the Suez Canal blockage may impact reinsurance rates

March 30, 2021 by Adam Malik

The fallout of the blockage of one of the most used shipping lanes in the world could affect global reinsurers differently than insurers, two separate analyst reports suggest. One, Fitch Ratings, says the blockage will be a large loss event

News Insurance

How COVID-19 is changing marine cargo insurance

July 23, 2020 by Greg Meckbach

Marine cargo policies that were drafted before the COVID-19 pandemic may need a second look because of the way business disruptions and lockdowns are affecting the global supply chain. “We are starting to see insurers already change or apply endorsements

News Insurance

How pandemic is making a common marine risk problem worse

July 16, 2020 by Greg Meckbach

The pandemic is making it difficult for shipping companies to get spare parts and technical professionals aboard to perform essential maintenance and repair, a new report from Allianz Global Corporate & Specialty suggests. For the insurance industry, the most common

News Insurance

The impact of surreptitious dangerous goods shipments on marine insurance

July 15, 2020 by Greg Meckbach

The marine insurance sector saw a huge drop last year in the number of total shipping losses but the industry continues to have a problem with shippers trying to sneak hazardous and flammable cargo on board without declaring it. “Dangerous

News Insurance

Court sides with insurer in disputed marine cargo claim

September 4, 2019 by Greg Meckbach

A large Canadian manufacturing multinational has lost a legal battle, although not necessarily the war, with Chubb Insurance Company of Canada over a marine coverage dispute. It started in 2013 when Cambridge, Ont.-based ATS Automation Tooling Systems Inc. sold machinery

News Risk

Collision damages ships in Vancouver Harbour

March 20, 2019 by Greg Meckbach

RICHMOND, B.C. – Transport Canada says two ships collided in Vancouver Harbour Sunday after one lost power, but no one was injured and no pollutants were released. The federal department says in a statement that the bulk carrier MV Caravos