DUAL Europe establishes new marine hub in Hamburg
DUAL Europe has expanded its marine operations by launching a new hub in Hamburg, Germany.
This marks the company's third marine hub in under two years following similar openings in Rotterdam in 2023 and Genoa in 2024.
Klaus Weber will lead the Hamburg team as the head of Marine at DUAL Deutschland.
Weber brings more than 30 years of experience in marine insurance and served for 25 years on the Hull Insurance Working Group at the GDV.
He was also involved with IVR, a pan-European inland shipping organisation, for ten years, with two years as its president.
Joining Weber in the Hamburg office are underwriters Steffen Thormann and Tereza Alisch.
The team will provide a range of marine insurance products such as ocean and inland hull, builders risks, cargo and land-based equipment, catering to the needs of the international broker market.
DUAL Europe CEO Olaf Jonda said: 'I am delighted to welcome Klaus and his team to DUAL. Their combined expertise, together with our new hub in Hamburg, will be instrumental in further driving our Marine division forward, ensuring that DUAL Europe remains a market leader.
'This expansion of our Marine business marks a pivotal step in our growth strategy. We are committed to further expanding our Marine offer and delivering unparalleled expertise and innovative solutions to our clients. With Marine teams in Italy, the Netherlands and Germany, we are strategically positioned to continue leading in the Marine insurance market.'
Last month, DUAL North America partnered with Homebound Insurance Exchange via DUAL Personal Lines, focusing on insurance for manufactured homes, dwelling fires and homeowners.
"DUAL Europe establishes new marine hub in Hamburg " was originally created and published by Life Insurance International, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New York Post
2 hours ago
- New York Post
Boeing slightly trims projection for 20-year jet demand
Boeing expects global demand for air travel to increase by more than 40% by 2030, driving the need for thousands of new jetliners in the next few years, according to its 20-year demand forecast for commercial airliners released Sunday ahead of the Paris Airshow. The company expects demand for 43,600 new airliners through 2044. That is essentially the same as last year's edition, which projected demand for 43,975 new deliveries through 2043. European rival Airbus last week revised up its own 20-year commercial demand forecast by 2% to 43,420 jets, saying the air transport industry was expected to ride out current trade tensions. Boeing expects demand for 43,600 airliners through 2024. Getty Images Boeing's delivery projection includes nearly 33,300 single-aisle airliners, just over 7,800 widebody jets, 955 factory-built freighters and 1,545 regional jets. Single-aisle jets include the 737 MAX and competitor Airbus's A320neo family and make up roughly four of every five deliveries now. While Boeing's deliveries projection is roughly the same, it pared down its 20-year forecast for passenger traffic growth from 4.7% in last year's outlook to 4.2% this year. Likewise, it lowered its global economic growth forecast from 2.6% to 2.3%, cargo traffic growth from 4.1% to 3.7% and fleet growth from 3.2% to 3.1%. Despite the lower projection for cargo traffic, Boeing Vice President of Commercial Marketing Darren Hulst told reporters in a briefing that trade volatility is not expected to significantly shift long-term demand. 'I think we need to point back to the perspective that the last 20, 40, 60 years have given us in terms of the value of air cargo, and the fact that it's roughly a 4% growth market through all this time,' he said. Since COVID-19, air travel demand has bounced back, but airplane production is only half or even less than what it was before the pandemic, resulting in a shortage of 1,500 to 2,000 airliners, he said. Both Airbus and Boeing have struggled to return aircraft production to pre-pandemic levels. Boeing has been dealing with production safety concerns following a 2024 mid-air blowout of a panel on a nearly new Alaska Airlines 737 MAX. As a result, the U.S. Federal Aviation Administration capped 737 production at 38 airplanes a month. Plane production is only half or even less than what it was before the COVID-19 pandemic, according to Boeing Vice President of Commercial Marketing Darren Hulst Getty Images Boeing has significantly improved production quality in recent months, but the crash of an Air India Boeing 787-8 Dreamliner on Thursday put it back in crisis mode. CEO Kelly Ortberg canceled his plans to attend the Paris Airshow in order to assist with the crash investigation. Global air travel is projected to increase by more than 40% by 2030, compared to the pre-pandemic high, according to the forecast. During the next 20 years, Boeing expects about 51% of demand for new aircraft to come from growth rather than replacing older airplanes. China and South/Southeast Asia, which includes India, are expected to account for half of that additional capacity, according to the outlook. North America and Eurasia account for more than half of projected deliveries for replacing older aircraft. China makes up an estimated 10% of Boeing's existing order backlog. The country paused taking delivery of new Boeing aircraft as China and the U.S. clashed over tariffs. However, deliveries are expected to resume this month, Ortberg said in May during an investors conference.
Business Insider
5 hours ago
- Business Insider
Denmark allocates millions of dollars to attract African students in strategic immigration program
According to LocalDenmark, the Nordic country aims to host 230 African students annually for the next eight years, primarily to foster deeper cultural and diplomatic integrations. As stated by its Foreign Minister, Lars Løkke Rasmussen, " It's clearly in our interest that African countries look towards Europe when considering their future paths. With this new program, we're not just investing in education, but in relationships that build a vital bridge between Denmark and Africa." The program is also expected to strengthen ties between Danish and African universities, promoting knowledge exchange and collaborative research initiatives. Meanwhile, some 430 million Danish kroner ($61 million) has been allocated since 2024 to support this initiative, underscoring Denmark's commitment to its pro-Africa immigration policy and strategy. This move by Denmark is part of a broader European effort to maintain relevance and influence in Africa, amid growing competition from China and Russia, particularly as the US continues to enforce strict immigration policies targeting African migrants. According to Minister for Higher Education and Science Christina Egelund, " Africa has enormous potential, which we can help unlock through education. By 2050, a third of the world's youth will live in Africa, and the continent's geopolitical importance is growing rapidly." In return, Denmark also hopes to see more of its own students pursuing studies and exchange programmes in African institutions. ' There's immense potential in Africa. Education is a two-way bridge, ' Løkke said The scholarship provides comprehensive support, covering tuition fees, living expenses, and potentially including travel assistance. Successful applicants may also be eligible to participate in the EU's Erasmus+ program, offering additional exchange opportunities. Denmark's Africa strategy Denmark is known for having some of the strictest immigration policies in Europe, with conditions growing increasingly rigid since the 1990s. While this tough approach has achieved its intended effects, it has also introduced new challenges. During a visit to Ghana last year, Denmark's Foreign Minister and former Prime Minister, Lars Løkke Rasmussen hinted at a shift in immigration policy. He framed the change as a way to safeguard Denmark's core interests, noting that Europe is shrinking—not just in population, but also in its share of the global economy. This perspective is central to the Danish government's new Africa strategy, unveiled on 26 August 2024. The strategy focuses on deepening ties with African nations through expanded trade, investment, and educational exchanges. One of its key goals is to attract top talent from Africa to pursue education in Denmark, thereby fostering a network with long-term political and economic benefits for the country. For many African students, this initiative offers a gateway to high-quality education in Europe, while also fostering stronger partnerships in areas such as science, technology, innovation, governance, and sustainable development between Africa and Denmark.
CNBC
a day ago
- CNBC
Boeing trims projection for 20-year jet demand
Boeing expects global demand for air travel to increase by more than 40% by 2030, driving the need for thousands of new jetliners in the next few years, according to its 20-year demand forecast for commercial airliners released Sunday ahead of the Paris Airshow. The company expects demand for 43,600 new airliners through 2044. That is essentially the same as last year's edition, which projected demand for 43,975 new deliveries through 2043. European rival Airbus last week revised up its own 20-year commercial demand forecast by 2% to 43,420 jets, saying the air transport industry was expected to ride out current trade tensions. Boeing's delivery projection includes nearly 33,300 single-aisle airliners, just over 7,800 widebody jets, 955 factory-built freighters and 1,545 regional jets. Single-aisle jets include the 737 MAX and competitor Airbus's A320neo family and make up roughly four of every five deliveries now. While Boeing's deliveries projection is roughly the same, it pared down its 20-year forecast for passenger traffic growth from 4.7% in last year's outlook to 4.2% this year. Likewise, it lowered its global economic growth forecast from 2.6% to 2.3%, cargo traffic growth from 4.1% to 3.7% and fleet growth from 3.2% to 3.1%. Despite the lower projection for cargo traffic, Boeing Vice President of Commercial Marketing Darren Hulst told reporters in a briefing that trade volatility is not expected to significantly shift long-term demand. "I think we need to point back to the perspective that the last 20, 40, 60 years have given us in terms of the value of air cargo, and the fact that it's roughly a 4% growth market through all this time," he said. Since Covid-19, air travel demand has bounced back, but airplane production is only half or even less than what it was before the pandemic, resulting in a shortage of 1,500 to 2,000 airliners, he said. Both Airbus and Boeing have struggled to return aircraft production to pre-pandemic levels. Boeing has been dealing with production safety concerns following a 2024 mid-air blowout of a panel on a nearly new Alaska Airlines 737 Max. As a result, the U.S. Federal Aviation Administration capped 737 production at 38 airplanes a month. Boeing has significantly improved production quality in recent months, but the crash of an Air India Boeing 787-8 Dreamliner on Thursday put it back in crisis mode. CEO Kelly Ortberg cancelled his plans to attend the Paris Airshow in order to assist with the crash investigation. Global air travel is projected to increase by more than 40% by 2030, compared to the pre-pandemic high, according to the forecast. During the next 20 years, Boeing expects about 51% of demand for new aircraft to come from growth rather than replacing older airplanes. China and South/Southeast Asia, which includes India, are expected to account for half of that additional capacity, according to the outlook. North America and Eurasia account for more than half of projected deliveries for replacing older aircraft. China makes up an estimated 10% of Boeing's existing order backlog. The country paused taking delivery of new Boeing aircraft as China and the U.S. clashed over tariffs. However, deliveries are expected to resume this month, Ortberg said in May during an investors conference.
