Aon is partnering with software company Skytek to provide real-time monitoring of insurers’ marine risks and identify accumulations for enhanced underwriting and reinsurance programs, using technology which emerged from a Skytek/Aon research initiative with the European Space Agency. In an era of mega-ports and ultra-large container ships, the need to monitor vessel movement and estimate… Continue reading Aon Partners with SkyTech on Marine Risks
Tag: marine cargo
Pembroke Pulls Out of Cargo Business
Under review Pembroke Managing Agency has jettisoned its cargo business, according to The Insurer. The Liberty-owned managing agency – which acquired Pembroke when it purchased lronshore in May 2017 – underwrites cargo business through Lloyd’s syndicate 4000. The cargo team is headed up by divisional director Andrew Corton, who joined Syndicate 4000 in 2012. Corton… Continue reading Pembroke Pulls Out of Cargo Business
Tokio Marine Kiln Shuts Hong Kong Business
Tokio Marine Kiln (TMK) has unveiled a drastic reorganization of its Asian operations, which includes closing its Hong Kong office with immediate effect, citing challenging market conditions. The company is likely to make arrangements over the next six months for the run-off of its Hong Kong business. TMK’s Asian operations are based primarily in Singapore… Continue reading Tokio Marine Kiln Shuts Hong Kong Business