Marine
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Cashman Equipment Corp said it believed its five vessels were covered by Lloyd’s of London.
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Kevin O’Brien said better training and college engagement would help remedy the loss of industry knowledge. -
The warehouse fire is the latest stock throughput loss to hit the beleaguered marine market.
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Market sources said most of ITC’s marine liability cover is written by an Aon general liability line slip.
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Some of the largest teams – including fac, marine and non-marine specialty – are in scope.
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Axon Re has secured $10mn in backing from “Asian partners” for the new division.
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Brian Davies, Sebastian Tjornelund and Gustavo Gomez will join the club later this year to spearhead the move.
