Manufacturers paid $36.9 million in premiums for cyber insurance last year, up 89 percent from 2015.
The types of insurance a company needs depend on the kind of business it does and the regulations that apply to it. Trade Only follows developments in government and insurance that affect the marine industry.
The Gowrie Group said today that it joined the Rhode Island Marine Trades Association as an organizational sponsor.
The Suisscourtage Group, a subsidiary of the Monaco-based Pastor Group, said it opened its first U.S. office in Fort Lauderdale for its “Only” insurance brands, consisting of OnlyYacht, OnlyYard and OnlyJet insurance.
Maritime Program Group said it expanded its ocean marine programs to include a new underwriting facility targeting commercial shipyards, terminal operators, ship repairers, stevedores, port authorities and wharfingers.
Insurance provider Norman-Spencer Agency named Mark Aussicker as chief claims officer and director of watercraft operations and distribution.
Sea-Fire Marine president Ernie Ellis addressed 650 people at the 27th Marine Insurance Seminar, which was held Nov. 1-2 at the Fort Lauderdale Mariners Club.
The insurance agency Gowrie Group said it acquired the second of two leading Mid-Atlantic-based marine insurance specialists — International Marine Insurance Services.
A group of 14 Lloyd’s insurers paid $20 million to the owner of Barbie, a 170-foot superyacht that was destroyed by fire in Turkey in January.
Hartge Insurance Associates Ltd. is celebrating its 25th anniversary insuring boats.
The Connecticut-based Gowrie Group is launching its 12th annual matching challenge with a $25,000 donation to the Shoreline Soup Kitchens and Pantries.