marine insurance

Global marine insurance premiums reached $39.92 billion in 2024, representing a 1.5% increase over the previous year, according to the International Union of

The International Union of Marine Insurance (IUMI) has called for marine insurers to heighten their awareness of modern slavery and forced labor risks

By Jonathan Saul (Reuters) – A collision between two tankers off Singapore in July raises questions over insurance claims, as one of the vessels

The Chairman of the Association of Average Adjusters, Burkhard Fischer, highlighted the on-going complexities faced by the maritime industry during the

The London P&I Club, a leading provider of marine Protection and Indemnity (P&I), announced today that CEO Ian Gooch will step down from his position

By Sinead Cruise, Jonathan Saul and Carolyn Cohn LONDON, March 27 (Reuters) – Baltimore’s Francis Scott Key Bridge collapse

The International Union of Marine Insurance (IUMI) confirmed in its annual winter meeting that the global marine insurance market continues to support trade in

By Alex Longley (Bloomberg) The cost of war-risk insurance for vessels sailing through the Red Sea is spiraling, adding a further potential impediment to

Global ocean hull premiums rose by 5.7% in 2022 due to increased activity, vessel values, and reduced market capacity, but change is on the horizon

The International Union of Marine Insurance (IUMI) reports a positive trend in the marine insurance market, with an 8.3% increase in global premium base for

The International Union of Marine Insurance (IUMI) has published new recommendations on the safe carriage of electric vehicles (EVs) amid growing concerns

LONDON, June 7 (Reuters) – Tougher requirements for some ship insurers covering United Arab Emirates ships are aimed at boosting environmental

LONDON, June 6 (Reuters) – The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a

By Alex Longley (Bloomberg) — Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if they can

LONDON, April 26 (Reuters) – London’s marine insurance market added Sudan to its of areas deemed high risk this week amid further fighting in

By Alex Longley and Alaric Nightingale (Bloomberg) — A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s

By Carolyn Cohn and Jonathan Saul LONDON, Dec 28 (Reuters) – Ship insurers said they are cancelling war risk cover across Russia, Ukraine and

TOKYO, Dec 24 (Reuters) – Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in

Robert Huish (The Conversation)–The European Union and the United States are now targeting maritime protection and indemnity (P&I) insurance

Nov 29 (Reuters) – Moscow is seeking to bolster the recognition of Russian maritime cargo insurance to allow it to ship oil and related