Wednesday, October 13, 2021
cargo ship
Press Releases

Keeping Crew In Mind Following a Serious Incident

In the aftermath of an onboard incident that leads to serious or fatal injuries, the well-being of fellow crewmembers must not be forgotten – especially when there is potential to...

October 13, 2021
Total Views: 2017

Thursday, April 1, 2021
Russian FPSO MARSHAL VASILEVSKIY Transiting the Suez Canal

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,...

April 1, 2021
Total Views: 3101

Tuesday, October 27, 2020

How Do You Insure Ships In The Arctic?

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...

October 27, 2020
Total Views: 235

Monday, August 10, 2020
Maritime News

Marine Insurance Losses Seen Below $250 Million from Beirut Blast

LONDON, Aug 10 (Reuters) – Insurance claims for damage to ships, goods and the port itself after a warehouse explosion last week in the port of Beirut were likely to...

August 10, 2020
Total Views: 54

Tuesday, December 3, 2019
yantian express closeup
Maritime News

Uncertainty Prevails Across All Marine Insurance Lines, IUMI Report Shows

The return of major losses in shipping and the increasing accumulation of risk, both onboard ships and ashore, is impacting various lines of the marine insurance market, according to International...

December 3, 2019
Total Views: 7

Tuesday, October 22, 2019
yantian express closeup
Maritime News

Marine Insurers Call for Action to Address Containership Fires

The International Union of Marine Insurance says it’s time to take action to address an alarming number of containership fires occurring in 2019. So far this year, the containership industry...

October 22, 2019
Total Views: 17

Monday, September 16, 2019
maersk honam fire
Maritime News

Marine Insurance Premiums See Modest Increase Amid Market Uncertainty -IUMI

Marine underwriting premiums rose by just one percent last year, but future market development remains uncertain as the marine insurance sector faces significant challenges, the International Union of Marine Insurance...

September 16, 2019
Total Views: 19

Monday, June 24, 2019
Maritime News

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...

June 24, 2019
Total Views: 10

Friday, April 26, 2019
maersk honam fire damage
Maritime News

Concerns Remain for Global Marine Underwriting, Says IUMI

The number of total losses among vessels over 500GT hit at a 20-year low in 2018 despite growth in the global fleet, according to the International Union of Marine Insurance....

April 26, 2019
Total Views: 21

cargo ship
Maritime News

Lloyd’s of London Plots New Course as Storm Clouds Gather

By Carolyn Cohn and Jonathan Saul LONDON, April 26 (Reuters) – Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices,...

April 26, 2019
Total Views: 15

Tuesday, March 26, 2019
cargo ship
Maritime News

UK P&I Club Gets Green Light for Dutch Brexit Hub

LONDON, March 26 (Reuters) – British ship insurer UK P&I Club has received approval from the Dutch regulator for a new subsidiary in Rotterdam to ensure continued access to trade...

March 26, 2019
Total Views: 2

Monday, May 14, 2018
autonomous containership
Maritime News

Rolls-Royce and AXA Partner on Risk Management Products for Autonomous Shipping

Rolls-Royce and risk management firm AXA Corporate Solutions on Monday announced they have signed a Letter of Intent (LOI) to explore ways to jointly develop risk management products for autonomous...

May 14, 2018
Total Views: 9

Thursday, February 22, 2018
cargo ship at sea

British Ship Insurer Steamship to Set Up Dutch Subsidiary as Brexit Hedge

By Jonathan Saul LONDON, Feb 22 (Reuters) – British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in the European Union...

February 22, 2018
Total Views: 2

Monday, January 8, 2018
ship engine room

Human Error to Blame for ‘Majority’ of Auxiliary Engine Damage Claims -Marine Insurer

The majority of auxiliary engine damage occurring onboard ships happens as the result of human error, according to a new warning from the marine insurer The Swedish Club. An investigation...

January 8, 2018
Total Views: 21

Tuesday, December 5, 2017
Chittagong in Bangladesh
Maritime News

Ship Insurer: Chittagong Emerges as International Anchor-Dragging Hotspot

British ship insurer the London P&I Club has issued a warning of the increased risk of accidents involving ships at anchor in the Bangladeshi port of Chittagong, which the club...

December 5, 2017
Total Views: 30

Tuesday, September 5, 2017
maersk freight cargo

Maersk and Partners to Deploy Blockchain-Based Marine Insurance Platform in January

By Jemima Kelly LONDON, Sept 6 (Reuters) – Consultancy EY, data security firm Guardtime, Microsoft and ship operator Maersk have joined to build a blockchain-based marine insurance platform that will be...

September 5, 2017
Total Views: 19