Marine

  • Blasting pirates with Britney Spears

    Somali pirates have sent shipping insurance rates skyrocketing around the Horn of Africa – but there is one secret weapon the merchant navy is having success with.

  • Low rates, not rough water, hurting insurers

    Sensational images of the Costa Concordia being righted and the whopping $1.7 billion insurance price tag aren’t sinking marine coverage – it is insurance investors feeling the pinch of low interest rates.

  • Internships essential to hiring quality, says broker

    Hiring quality people is as important as getting good clients these days, says the Chief Operating Officer of one of the largest independently owned insurance brokers in Canada – and the best way to find them is through paid internships.

  • Companies paying more risk-related expenses

    An annual benchmark survey finds that a company’s average risk-related expenses are on the rise, led by soaring property risk expenses….

  • Protecting your clients in a food fight

    Misrepresentation of food products is sparking an interest in recall policies south of the border. If the food fights spread north, how to protect your clients from liability…

  • Bizarre boating insurance

    Boats and boating perils are mostly straightforward, but here are a few that might catch the attention of even the most jaded broker. What would your underwriters say about these peculiar boats and perils?

  • Western Financial nets new B.C. broker

    A Campbell River, B.C. brokerage is the second broker acquisition for Western Financial in the month of January 2013.

  • Canadian P&I fixed market provides calm in stormy marine lines

    Despite pressure to increase pricing in marine lines globally, competitive pricing in fixed market P&I and Cargo lines is still alive and well in Canada, according to a Marsh Canada representative.

  • Why your clients’ reinsurance rates have stabilized

    A new report by global insurance broker Willis shows how Hurricane Sandy helped stabilize reinsurance rates during the January 2013 renewals, and explains why marine lines tossed and turned in 2012.

  • EGI Financial appoints broker as chairman

    A series of board appointments by the non-standard auto and specialty carrier includes two executives from its Canadian subsidiary company.