Keyword
offshore energy
Global marine underwriting premiums continue to fall: International Union of Marine Insurance
September 18, 2017 by Canadian UnderwriterGlobal marine underwriting premiums for 2016 fell to US$27.5, a 9% reduction from 2015, the International Union of Marine Insurance (IUMI) reported on Monday. The association presented its annual statistical report on the marine insurance market at the IUMI 2017…
Aspen reports net income of US$76.8 million for Q2 2017
July 27, 2017 by Canadian UnderwriterAspen Insurance Holdings Limited released its financial results for the second quarter and first half of 2017 on Wednesday, reporting a net income after tax of US$75.8 million for Q2 2017. Gross written premiums (GWP) in the second quarter of…
Marine market faced with “aging fleet of vessels,” CBMU president says
December 5, 2016 by Canadian UnderwriterThe marine insurance market is “very competitive” and worldwide, premiums dropped 10.5% from 2014 to 2015, due in part to currency fluctuations, the president of the Canadian Board of Marine Underwriters said at a recent presentation. In the marine insurance…
Gloomy outlook for offshore energy insurance sector: IUMI
September 21, 2016 by Canadian UnderwriterThe offshore energy sector is facing a series of significant challenges in the wake of a falling premium base and increased volatility, cautions the chairman of the International Union of Marine Insurance’s (IUMI) offshore energy committee. “We have not witnessed…
RMS launches app to model ‘cat-in-a-box’ deals
April 7, 2016 by Canadian UnderwriterRisk Management Solutions, Inc. (RMS) announced on Thursday that it has released the “first ever” app to model ‘cat-in-a-box’ deals. The cloud-based app extends the ability to independently assess and underwrite parametric contracts from a small group of cedant, brokers…