Marine Insurance Products News

West P&I Club announced the full acquisition of Nordic Marine Insurance (Nordic), a leading provider of fixed premium insurance for the marine industry, specializing in Delay Insurance, Primary Loss of Earnings, Hull and Machinery (H&M), Loss of Hire, Maritime Lien solutions and other specialist insurance products.West P&I initially acquired a significant stake in Nordic in 2020. The two organisations have worked closely together since then, with Nordic’s specialist products expanding the services West provides its Members and the wider marine market.

Berkshire Hathaway Specialty Insurance (BHSI) has launched a full line of marine insurance products in France and appointed Muriel Birre Julvécourt as Head of Marine. The company said that the new marine offerings included Inland Marine, Ocean Cargo, Stock & Transit, Project Cargo, Freight Forwarders Liability, Ports & Terminals, and Subsea Insurance.Muriel Birre Julvécourtcomes to BHSI with more than 25 years of marine underwriting experience. She was most recently Head of Marine at RSA Group. Before that, she held various management roles in Marine at Groupama Transport.

Though water covers more than 70 percent of the Earth’s surface, businesses engaged in marine shipping operations and logistics, and other businesses that manufacture and ship product still have a lot of ground to cover getting their various goods to their final destinations. The ocean marine insurance market, the oldest insurance market in the world, was initially developed to protect these goods while crossing the ocean’s open waters, later to morph into a product to protect all international transportation regardless of mode.

The American P&I Club was founded in New York nearly a century ago. To celebrate its first 100 years, a book entitled The American Club: A Centennial History has just been published. The book tells the story of the Club across ten decades of maritime and marine insurance history both within the United States and across the world. Its author is Richard Blodgett, a former Wall Street Journal reporter whose previous credits include histories of the New York Stock Exchange, Kohler and Co. and JPMorgan Chase & Co. The American Club was founded in February, 1917.

XL Group plc through its subsidiaries and under the XL Catlin brand, is a global insurance and reinsurance company providing property, casualty and specialty products to industrial, commercial and professional firms, insurance companies and other enterprises throughout the world. The firm employs 7,000 and has sales of $9,300,000,000 annually. XL Catlin’s insurance segment provides commercial property, casualty, professional liability, environmental liability, aviation and satellite, marine, product recall, political risks, surplus lines and other coverages.

Christopher H. Mansuy, Esq., member of Carroll McNulty & Kull LLC (CMK) has been named one of 2010’s The Best Lawyers in America in the specialty of maritime law by his peers. Best Lawyers a 25-year-old, highly respected peer-review publication, compiles lists of top attorneys by completing extensive surveys with other leading attorneys. Mansuy received this honor in 2008 and 2009 as well. A resident of Chatham, N.J. Mansuy possesses 35 years of experience in handling maritime and commercial litigation matters in the state and federal courts of N.Y. and N.J.

Carroll McNulty & Kull LLC (CMK) has announced that Christopher H. Mansuy has joined the law firm as a member. Mansuy brings 35 years of experience to CMK handling maritime and commercial litigation matters in the State and Federal Courts of New York and New Jersey as well as maritime disputes in arbitration including the Society of Maritime Arbitrators and the American Arbitration Association. With offices in New York and Basking Ridge, N.J., CMK provides comprehensive services to clients in the areas of admiralty, maritime, transportation, and international trade.