Saturday, June 12, 2021
Thursday, April 1, 2021
Marine Reinsurance Firms Expect Giant Suez Blockage Claims
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,...
Tuesday, October 27, 2020
Monday, June 24, 2019
Rivals Ride Rising Rates as Lloyd’s Abandons Some Ship Insurance
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...
Wednesday, May 15, 2019
London Marine Insurers to Meet After Ship Attacks in Middle East
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...
Tuesday, December 11, 2018
Maersk Aims to Cover Itself with Alternative Cargo Insurance
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...
Friday, December 1, 2017
British P&I Club Britannia Planning Luxembourg Subsidiary Due to Brexit
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...
Thursday, August 3, 2017
Insurers Grow Anxious as Containerships Get Bigger and Cargo More Valuable
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...
Thursday, June 1, 2017
Fidelis Group Holdings, LLC Hires Dennis Mathies as Senior Marine Underwriter
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...
Friday, February 24, 2017
Brexit Prompts Ship Insurers to Look at Luxembourg, Cyprus Bases
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,...
Wednesday, January 18, 2017
Marine Insurance in the Trump Presidency: Smooth Sailing in 2017?
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...
Tuesday, January 17, 2017
Ship Insurers to Resume Near Full Coverage for Iran Oil Exports
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...
Thursday, January 12, 2017
Insurance Gaps Leave Shipping Exposed to Growing Cyber Threats
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...
Wednesday, June 22, 2016
Expanded Panama Canal Seen Greatly Increasing Insurance Risk
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...
Thursday, January 7, 2016
Tianjin Blasts Barely a Blip for Marine Insurance Prices
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...
Wednesday, June 17, 2015
Amid Slowdown, New Insurance Program Covers Stacked Equipment
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...
Thursday, January 30, 2014
P&I Clubs Sound Alarm Over Iran Ship Insurance
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.
Thursday, January 16, 2014
Japan P&I Club to Resume Ship Insurance For Iranian Oil Imports
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...
Tuesday, October 8, 2013
Iran’s Maritime Trade With India Hit By Insurance Delay
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...
Friday, September 13, 2013
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