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marine insurance


Wednesday, May 29, 2024
Ukrainian coast guard patrols the "grain corridor" in the Black Sea. REUTERS/Thomas Peter
Shipping

War Risk Insurance Challenges in the Wake of Russia-Ukraine War

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

May 29, 2024
Total Views: 843

Tuesday, May 7, 2024
Stock photo of the bow of a ship at anchor
Shipping

London P&I Club Announces Leadership Change

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

May 7, 2024
Total Views: 992

Wednesday, March 27, 2024
Stern view of containership Dali entangled in the baltimore bridge
Incidents

Insurers Face Billions in Losses from Baltimore Bridge Claims

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

March 27, 2024
Total Views: 38162

Wednesday, February 7, 2024
Turkish-flagged bulker TQ Samsun, carrying grain under UN's Black Sea Grain Initiative, is pictured in the Black Sea, north of Bosphorus Strait, off Istanbul,
Shipping

Marine Insurers Continue to Support Red Sea and Black Sea Trade Despite Challenges

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

February 7, 2024
Total Views: 1033

Monday, January 15, 2024
Ship sailing in the Red Sea
Shipping

Red Sea Insurance Soars After US Airstrike

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

January 15, 2024
Total Views: 4135

Tuesday, September 19, 2023
Fremantle Highway boat fire
Shipping

Marine Insurance Industry Faces Inflation Challenge

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

September 19, 2023
Total Views: 1947

Monday, September 18, 2023
Smoke rises as a fire broke out on the cargo ship Fremantle Highway, at sea on July 26, 2023. Coastguard Netherlands Photo
Shipping

Global Marine Insurance Market Sees Positive Growth in 2022, Reports IUMI

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

September 18, 2023
Total Views: 818

Friday, September 1, 2023
Fremantle Highway boat fire
Accidents

Marine Insurers Publish Recommendations for Safe Carriage of Electric Vehicles

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

September 1, 2023
Total Views: 5961

Wednesday, June 7, 2023
Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks
Shipping

Stricter UAE Ship Insurance Rules Look to Cut Oil Spill Risks

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

June 7, 2023
Total Views: 681

Tuesday, June 6, 2023
File photo of an oil tanker at sea
Shipping

UAE to Tighten Insurance Cover for Ships Flying Its Flag

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

June 6, 2023
Total Views: 826

Friday, April 28, 2023
File photo of an oil tanker at sea
Uncategorized

Rising Oil Prices Complicate Russian Price Cap Checks for Marine Insurers

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

April 28, 2023
Total Views: 506

Wednesday, April 26, 2023
London Marine Insurers Add Sudan to High Risk List
Shipping

London Marine Insurers Add Sudan to High Risk List

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

April 26, 2023
Total Views: 754

Wednesday, December 28, 2022
Ship Insurers’ Exodus From Russia-Ukraine Trades Gathering Pace
Shipping

Ship Insurers’ Exodus From Russia-Ukraine Trades Gathering Pace

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

December 28, 2022
Total Views: 1335

Ship Insurers to Cancel War Cover for Russia, Ukraine from January 1
Shipping

Ship Insurers to Cancel War Cover for Russia, Ukraine from January 1

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

December 28, 2022
Total Views: 4433

Saturday, December 24, 2022
Russian cargo ship Sparta II
Shipping

Japan Firms To Stop Insuring Ships In All Russian Waters 

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

December 24, 2022
Total Views: 3543

Saturday, December 17, 2022
Smart Sanctions: The West Finally Gets Clever About Russia
Shipping

Smart Sanctions: The West Finally Gets Clever About Russia

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

December 17, 2022
Total Views: 11510

Tuesday, November 29, 2022
An aerial view shows the Vladimir Arsenyev tanker at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia August 12, 2022. REUTERS/Tatiana Meel/File Photo
Shipping

Russia Seeking Shipping Insurance Recognition to Dodge Oil Cap

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

November 29, 2022
Total Views: 2389

Monday, October 17, 2022
Russian Oil Exports Fall After Exxon Rejects Putin’s Ship Insurance Plan
News

Russian Oil Exports Fall After Exxon Rejects Putin’s Ship Insurance Plan

by Nidhi Verma  (Reuters) Oil output at the giant Exxon-led Sakhalin-1 Russian Pacific project collapsed following the U.S. major’s refusal to accept

October 17, 2022
Total Views: 2846

Monday, September 19, 2022
Marine Underwriters Facing Significant Challenges In 2023
Shipping

Marine Underwriters Facing Significant Challenges In 2023

The International Union of Marine Insurance (IUMI), representing 44 national and marine market insurance and reinsurance associations, said underwriters have

September 19, 2022
Total Views: 2230

Thursday, September 15, 2022
general cargo bulk ship
Shipping

Greek-Managed Bulk Carrier Shipped Coal From Russia After EU Sanctions

By Áine Quinn and Alberto Nardelli (Bloomberg) — A vessel managed by a company based in Greece transported coal from a port in Russia late last month,

September 15, 2022
Total Views: 3597
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