by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...

By Jonathan Saul LONDON, Oct 27 (Reuters) – When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong. Double the manpower...

By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn LONDON/NEW YORK, June 24 (Reuters) – Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old...

By Jonathan Saul LONDON, May 15 (Reuters) – London’s marine insurance market will meet on Thursday to assess whether it needs to change the risk level for vessels in the...

By Alexander Whiteman (The Loadstar) – Maersk Line is launching what it claims is an alternative to cargo insurance in response to the rising number of shipments consigned without cover. According...

By Jonathan Saul LONDON, Dec 1 (Reuters) – British ship insurer Britannia plans to set up a subsidiary in Luxembourg as a result of Britain’s decision to leave the European...

By Mike Wackett (The Loadstar) – With CMA CGM reportedly ready to sign a letter-of-intent for nine ultra-large container vessels (ULCVs) of 22,000 teu, insurers are becoming increasingly concerned that...

Fidelis Group Holdings, LLC (FGH), with its subsidiary Continental Underwriters, Ltd., announced today the hiring of Mr. Dennis Mathies as Senior Marine Underwriter. Mr. Mathies will be responsible for expanding...

By Jonathan Saul and Carolyn Cohn LONDON, Feb 24 (Reuters) – U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus,...

By Julia M. Palmer (Holland & Knight) – Although the Trump Administration’s plans for significant infrastructure investment, including key ports and terminals, bode well for the marine industry, it is...

By Osamu Tsukimori and Keith Wallis TOKYO/SINGAPORE, Jan 17 (Reuters) – Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month...

By Jonathan Saul and Carolyn Cohn LONDON, Jan 12 (Reuters) – Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials...

By Mike Wackett (The Loadstar) – Ahead of the official opening of the $5.25bn expanded Panama Canal this Sunday, the insurance industry is preparing itself for a big hike in...

LONDON/FRANKFURT, Jan 7 (Reuters) – Reinsurance rates in the marine sector continued to fall at the start of the year, in spite of the huge cost of explosions at China’s...

  In response to the number of vessels and equipment that have been laid up due to recent downturn in the offshore oil and gas market, a Louisiana-based marine insurance provider...

A group of insurers warned shipowners this week to be careful when signing deals to carry Iranian oil because the United States has not been able to clarify whether insurance claims will be paid after the suspension of sanctions ends in July.

TOKYO, Jan 16 (Reuters) – Japanese crude buyers are set to switch back to private insurance providers for transportation of Iranian oil, after relief from some EU sanctions goes into...

By Nidhi Verma NEW DELHI, Oct 8 (Reuters) – Oil and container trade between India and Iran has been disrupted due to uncertainty over insurance cover, leaving some ships stranded...

When salvage teams begin hauling the wrecked Costa Concordia liner upright on the Italian island of Giglio next week, the financial stakes for insurers will be almost as enormous as the awe-inspiring feat of engineering.

(Bloomberg) — European Union regulators dropped an antitrust probe into marine-insurance agreements among groups of ship owners, saying there wasn’t conclusive evidence that they unfairly shut out commercial insurers. “The...