Cargo loss from Singapore-flagged ship being investigated

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The Australian Maritime Safety Authority (AMSA) has launched an investigation into the loss of 40 containers from a Singapore-flagged container ship during heavy seas off Sydney on May 24.

According to the AMSA, the incident happened in the early morning, after the container ship APL England temporarily lost propulsion a few dozen kilometres off the New South Wales coastline. The ship was sailing from Ningbo, China to Melbourne, Australia.

The ship’s crew said that power was restored after a few minutes, but the ship was rolling heavily due to rough waves, causing 40 containers to fall overboard in waters about

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PartnerRe announces two new CEO hires

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Global reinsurer PartnerRe Ltd. has revealed an executive leadership shuffle, with two new CEOs in its non-life business. Effective June 01, Philippe Meyenhofer will be appointed CEO of specialty lines, while Greg Haft will assume the newly created role of CEO global cat.

Meyenhofer (pictured above left) joined PartnerRe in August 2010 and held several leadership positions prior to his current role as CEO P&C EMEA, including acting as head of P&C Europe from July 2016 to April 2019. He’s described by Partner Re CEO Emmanuel Clarke as having “a proven track record of leading technical, complex businesses” with the

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Brexit: Lloyd’s edges forward with Part VII transfer

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Anyone remember Brexit? Lloyd’s of London sure has not forgotten – announcing this week a step forward in its Part VII transfer to Lloyd’s Insurance Company S.A. in Belgium to allow the (re)insurance marketplace to service existing European policies and pay claims even with the loss of passporting rights as a result of the UK’s departure from the European Union.

Lloyd’s has received approval from the High Court of England and Wales for its Part VII strategy for notifying policyholders about the proposed transfer. The strategy spans comprehensive plans to ensure customers understand the transfer process, as well as providing

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Swiss Re boosts Asia leadership with slew of appointments

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Swiss Re has announced four key appointments for its Asia leadership team, a move which it says will add to the executive bench strength supporting its regional expansion.

Anna Lee (pictured) has been appointed head of new business development, property & casualty (P&C) for Southeast Asia, India, Korea, Hong Kong and Taiwan (SID), effective June 01. Based in Hong Kong, she will report directly to Victor Kuk, Swiss Re’s head of P&C reinsurance, SID, according to a statement from Swis Re.

Lee has spent over 17 years of her career at Swiss Re, holding senior positions such as head of

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