Marine insurance

AXA XL appoints Anne Marie Elder as Global Chief Underwriting Officer, Specialty

Retrieved on: 
Thursday, February 8, 2024
Insurance, AXA, Merchant Marine Academy, Growth, Marine, Global Marine Systems, XL, Marine insurance, CNA Financial, Allianz

HARTFORD, Conn., Feb. 8, 2024 /PRNewswire/ -- AXA XL has announced that Anne Marie Elder will take on the newly created role of Global Chief Underwriting Officer, Specialty, effective April 1.

Key Points: 
  • HARTFORD, Conn., Feb. 8, 2024 /PRNewswire/ -- AXA XL has announced that Anne Marie Elder will take on the newly created role of Global Chief Underwriting Officer, Specialty, effective April 1.
  • In her new role, Ms. Elder will collaborate with regional underwriting operations to set the strategic direction, and support business development, of AXA XL's collective Marine, Aerospace, and Specialty Niche portfolios, under a newly created Global Specialty branch, part of AXA XL's Global Chief Underwriting Office (GCUO).
  • The GCUO works with AXA XL's regional underwriting teams to support profitable growth, assisting with underwriting discipline, pricing, risk aggregation and global product strategy.
  • Ms. Elder currently serves as AXA XL's Global Chief Underwriting Officer, Marine.

NFP Expands National Yacht Practice, Appoints Tom Gresh to Lead It

Retrieved on: 
Thursday, February 1, 2024
Growth, Jewellery, NFP, Risk management, Car, Marine insurance, Communication, Wine, Insurance

NEW YORK, Feb. 1, 2024 /PRNewswire/ -- NFP, a leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, today announced Tom Gresh has joined the company to lead its national yacht practice. The practice is part of the company's Private Client Group, which provides customized coverage solutions for clients' high-value assets, including homes, jewelry, fine art, wine, memorabilia, automobiles and watercraft. In addition to the vessels themselves, the practice provides expertise and coverage solutions for the high-value items that are often on board, including custom sportfishing equipment, electronic navigation and communication equipment, custom tenders, and fine art.

Key Points: 
  • NEW YORK, Feb. 1, 2024 /PRNewswire/ -- NFP , a leading property and casualty broker, benefits consultant, wealth manager and retirement plan advisor, today announced Tom Gresh has joined the company to lead its national yacht practice.
  • "It's exciting to welcome Tom to our expanding yacht practice, which has been recently involved in some of the largest private yacht industry deals," said Brett Woodward, managing director, Personal Risk Leader.
  • Gresh joins NFP with more than two decades of industry experience, which includes leading yacht practices for major insurance brokers.
  • "NFP clearly values highly specialized expertise and understands why it's so important in advising clients," said Gresh.

Title Insurance Market to Reach $ 161.6 billion, Globally, by 2032 at 11.3% CAGR: Allied Market Research

Retrieved on: 
Thursday, November 16, 2023
Livestock, Aviation, Telecom, Distribution, Property, Marine insurance, Small and medium-sized enterprises, Greater China Transport Logistics, Wholesaling, MAT, Commercial, Credit insurance, Commissioning management systems, Life, Energy, Old age, Defense, Liability insurance, Transport, Sustainable Energy Utility, Insurance, End user, Telecom Plus, Agriculture, Business, Agent, Business travel, Property management, Risk management, Mining, Broker, Health care

PORTLAND, Ore., Nov. 16, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Title Insurance Market by Type (Owner's title insurance, and Lender's title insurance), Distribution Channel (Direct Channel, Agents & Brokers, and Others), and End User (Enterprise, and Personal): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the title insurance market was valued at $ 56.8 billion in 2022 in 2022 and is estimated to reach $ 161.6 billion by 2032, exhibiting a CAGR of 11.3% from 2023 to 2032.

Key Points: 
  • China Life Property and Casualty Insurance Company Limited,
    Commonwealth Land Title Insurance Company,
    Westcor Land Title Insurance Company, Inc.,
    The report provides a detailed analysis of the key players in the global title insurance market.
  • Marine Insurance Market By Type (Cargo Insurance, Hull & Machinery Insurance, Marine Liability Insurance, and Offshore/Energy Insurance), Distribution Channel (Wholesalers, Retail Brokers, and Others), and End User (Ship Owners, Traders, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028.
  • Travel Insurance Market by Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance), by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators), by End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others), by Age Group (1-17 Years Old, 18-30 Years Old, 31-49 Years Old, Above 50): Global Opportunity Analysis and Industry Forecast, 2021-2031.
  • Specialty Insurance Market by Type (Marine, Aviation and Transport (MAT) Insurance, Political Risk and Credit Insurance, Entertainment Insurance, Art Insurance, Livestock and Aquaculture Insurance, Others), by Distribution Channel (Brokers, Non-brokers), by End User (Business, Individuals): Global Opportunity Analysis and Industry Forecast, 2021-2031.

Title Insurance Market to Reach $ 161.6 billion, Globally, by 2032 at 11.3% CAGR: Allied Market Research

Retrieved on: 
Thursday, November 16, 2023
Livestock, Aviation, Telecom, Distribution, Property, Marine insurance, Small and medium-sized enterprises, Greater China Transport Logistics, Wholesaling, MAT, Commercial, Credit insurance, Commissioning management systems, Life, Energy, Old age, Defense, Liability insurance, Transport, Sustainable Energy Utility, Insurance, End user, Telecom Plus, Agriculture, Business, Agent, Business travel, Property management, Risk management, Mining, Broker, Health care

PORTLAND, Ore., Nov. 16, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Title Insurance Market by Type (Owner's title insurance, and Lender's title insurance), Distribution Channel (Direct Channel, Agents & Brokers, and Others), and End User (Enterprise, and Personal): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the title insurance market was valued at $ 56.8 billion in 2022 in 2022 and is estimated to reach $ 161.6 billion by 2032, exhibiting a CAGR of 11.3% from 2023 to 2032.

Key Points: 
  • China Life Property and Casualty Insurance Company Limited,
    Commonwealth Land Title Insurance Company,
    Westcor Land Title Insurance Company, Inc.,
    The report provides a detailed analysis of the key players in the global title insurance market.
  • Marine Insurance Market By Type (Cargo Insurance, Hull & Machinery Insurance, Marine Liability Insurance, and Offshore/Energy Insurance), Distribution Channel (Wholesalers, Retail Brokers, and Others), and End User (Ship Owners, Traders, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2028.
  • Travel Insurance Market by Insurance Cover (Single-Trip Travel Insurance, Annual Multi-Trip Travel Insurance, Long-Stay Travel Insurance), by Distribution Channel (Insurance Intermediaries, Insurance Companies, Banks, Insurance Brokers, Insurance Aggregators), by End User (Senior Citizens, Education Travelers, Business Travelers, Family Travelers, Others), by Age Group (1-17 Years Old, 18-30 Years Old, 31-49 Years Old, Above 50): Global Opportunity Analysis and Industry Forecast, 2021-2031.
  • Specialty Insurance Market by Type (Marine, Aviation and Transport (MAT) Insurance, Political Risk and Credit Insurance, Entertainment Insurance, Art Insurance, Livestock and Aquaculture Insurance, Others), by Distribution Channel (Brokers, Non-brokers), by End User (Business, Individuals): Global Opportunity Analysis and Industry Forecast, 2021-2031.

International Institute for Marine Insurance Studies to Hold CMIP Seminar on Insuring Marine Employees

Retrieved on: 
Wednesday, August 10, 2022
CMIP, CICS, CISR, Insurance, Knowledge, Public employee pension plans in the United States, Certification, Education, CPRM, Marine insurance, CRMS

SAN DIEGO, Aug. 10, 2022 /PRNewswire/ -- The International Institute for Marine Insurance Studies (IIMIS) will present the Certified Marine Insurance Professional (CMIP) seminar on Insuring Marine Employees at the Sheraton San Diego Hotel & Marina October 26 -27.

Key Points: 
  • "The CMIP certification sets you apart as having an informed, professional level of knowledge and expertise in commercial marine and longshore insurance," said IIMIS Education Director Karen Tischler, CMIP.
  • Tischler continued, "To earn your designation as a Certified Marine Insurance Professional, participants must attend each of the four CMIP seminars, which include Insuring Vessel Owners & Operators, Insuring Waterfront Business, Insuring Marine Employees, and Recreational Marine Insurance.
  • This designation & continuing education training is designed for agents, brokers, CSRs, insurance company personnel and professionals who want to expand their knowledge of marine insurance.
  • Attending CMIP seminars now qualifies participants to satisfy or update requirementsfor dues-paid CICs, CRMs, CPRMs and CISRs.

Global Commercial Insurance Market (2022 to 2027) - Featuring Allianz, Willis Towers Watson and Nationwide Among Others - ResearchAndMarkets.com

Retrieved on: 
Friday, April 22, 2022
Insurance, Professional Services, COVID-19, Competitive analysis, Marine insurance, Observation, National Association of Registered Agents and Brokers Reform Act of 2013, Construction, Porter's five forces analysis, Automatic, CAGR, Growth, Telecom, Broker, Agent, Geography, Liability insurance, Impact, Commercial, Investment, Emotion, USD, Industry, Ansoff Matrix, Retail, Risk management, Others, Health care

The Global Commercial Insurance Market is estimated to be USD 709.9 Bn in 2022 and is expected to reach USD 1147.46 Bn by 2027, growing at a CAGR of 10.08%.

Key Points: 
  • The Global Commercial Insurance Market is estimated to be USD 709.9 Bn in 2022 and is expected to reach USD 1147.46 Bn by 2027, growing at a CAGR of 10.08%.
  • Market dynamics are forces that impact the prices and behaviors of the Global Commercial Insurance Market stakeholders.
  • The report offers a comprehensive evaluation of the Global Commercial Insurance Market.
  • Type, the market is classified into Commercial motor insurance, Commercial property Insurance, Liability Insurance, Marine Insurance, and Others.

KKR Invests in Shriram General Insurance

Retrieved on: 
Monday, April 11, 2022
Banking, Professional Services, Insurance, Finance, Housing, Company, SBI Life Insurance Company, Life, Shriram Capital P.L. Reddy Memorial Challenger, Marine insurance, Shriram Group, Investment, Retirement, State Bank of India, Growth, Multimedia, NYSE, KKR, Travel, Sanlam, Cardif, Housing Development Finance Corporation, CEO, Industry, Technology, Twitter, State bank, Institution of Fire Engineers, Development, Fire, Insurance, Financial services, Management, Engineering

KKR, a leading global investment firm, and Shriram General Insurance Company (Shriram General Insurance, SGI or the Company), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.

Key Points: 
  • KKR, a leading global investment firm, and Shriram General Insurance Company (Shriram General Insurance, SGI or the Company), a leading general insurance company backed by Indian financial services conglomerate Shriram Group and pan-African financial services group Sanlam, today announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in Shriram General Insurance.
  • KKRs investment will position Shriram General Insurance for continued growth in Indias fast-growing general insurance industry.
  • View the full release here: https://www.businesswire.com/news/home/20220411005340/en/
    Founded in 2008, Shriram General Insurance is a joint venture between Shriram Capital, the holding company for Shriram Groups financial services business and Sanlam Limited, a leading pan-African financial services group.
  • Shriram General Insurance is a Jaipur-based 13-year-old company licensed with the IRDAI (Insurance Regulatory and Development Authority of India).

Christian Silies Joins Sompo International’s Reinsurance Business as Head of Global Marine and Energy

Retrieved on: 
Monday, March 21, 2022
Marine insurance, Growth, Marine energy, Superior, Head, Postgraduate education, University of Tübingen, General manager, CEO, XV, International, GLOBE, GPW, Global Reinsurance, Hannover Re, Sompo Japan Nipponkoa Insurance, Insurance

PEMBROKE, Bermuda, March 21, 2022 (GLOBE NEWSWIRE) -- Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance,announced today that Mr. Christian Silies has joined the companys Reinsurance platform as Head of Global Marine and Energy.

Key Points: 
  • PEMBROKE, Bermuda, March 21, 2022 (GLOBE NEWSWIRE) -- Sompo International, a leading global provider of commercial and consumer property and casualty (re)insurance,announced today that Mr. Christian Silies has joined the companys Reinsurance platform as Head of Global Marine and Energy.
  • Mr. Donelan commented, With a proven track record of successfully building out global marine and energy reinsurance capabilities, Christian will be a great asset and we are pleased that he has joined Sompo International.
  • He joins Sompo International from AON Reinsurance Solutions in London, where he served as Head of Marine & Energy Composite and was a Member their Global Re Specialty Management Team and UK Reinsurance Executive Team.
  • Mr. Silies added, Having partnered with this exceptional Global Marine & Energy Reinsurance team, I am excited to join this best-in-class organization.

New Analysis from Global Industry Analysts Reveals Modest to Flat Growth for Logistics Insurance, with the Market to Reach $68.2 Billion Worldwide by 2026

Retrieved on: 
Wednesday, October 20, 2021
Aon (company), Players, Internet, Liberty Mutual, Intelligence, CAGR, Swiss Re, COVID-19, Marketing, Insurance, Growth, Geography, Aviation insurance, SAN, Research, Assuranceforeningen Gard, Beazley Group, GIA, Marine insurance, Forecasting, Pharmaceutical industry, Pet

SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Logistics Insurance - Global Market Trajectory & Analytics" .

Key Points: 
  • SAN FRANCISCO, Oct. 20, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Logistics Insurance - Global Market Trajectory & Analytics" .
  • Previews provide deep insider access to business trends; competitive brands; domain expert profiles; and market data templates and much more.
  • The U.S. Market is Estimated at $17.7 Billion in 2021, While China is Forecast to Reach $12.4 Billion by 2026
    The Logistics Insurance market in the U.S. is estimated at US$17.7 Billion in the year 2021.
  • Global Industry Analysts, Inc., ( www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company.

International Institute for Marine Insurance Studies Returning to In-Person Seminars

Retrieved on: 
Monday, September 27, 2021
CRMS, Insurance, CICS, CISR, Certification, CPRM, Public employee pension plans in the United States, Knowledge, CMIP, Marine insurance, Vaccination

"The CMIP certification sets you apart as having an informed, professional level of knowledge and expertise in commercial marine and longshore insurance," said IIMIS Education Director Karen Tischler, CMIP.

Key Points: 
  • "The CMIP certification sets you apart as having an informed, professional level of knowledge and expertise in commercial marine and longshore insurance," said IIMIS Education Director Karen Tischler, CMIP.
  • Tischler continued, "To earn your designation as a Certified Marine Insurance Professional, participants must attend each of the four CMIP seminars, which include Insuring Vessel Owners & Operators, Insuring Waterfront Business, Insuring Marine Employees, and Recreational Marine Insurance.
  • This designation & continuing education training is designed for agents, brokers, CSRs, insurance company personnel and professionals who want to expand their knowledge of marine insurance.
  • Attending CMIP seminars now qualifies participants to satisfy or update requirementsfor dues-paid CICs, CRMs, CPRMs and CISRs.