Insurance News


American P&I Club Manager Prepares for Further Growth

Jul 30, 2018

Shipowners Claims Bureau, Inc. (SCB), the Manager of the American P&I Club, has recently announced a series of appointments designed to service the Club’s growing membership and help fulfil longer-term goals of continued expansion. The American…

London P&I Club Setting up Cyprus Office over Brexit

Jul 20, 2018

British ship insurer London P&I Club is setting up a new subsidiary in Cyprus to ensure continued access to trade in the European Union in case Britain loses single market access, the group told Reuters on Friday.Britain dominates the global…

EOM Renews Reinsurance Program

Jul 19, 2018

Eagle Ocean Marine (EOM), the American Club’s fixed premium P&I and FD&D facility, renewed its reinsurance program for another 12 months from July 1 with the continuing support of its coventurers at Lloyd’s.  .Eagle Ocean Agencies, Inc., the Manager of Eagle Ocean Marine…

North P&I Club, 24Vision Sign Partnership Agreement

Jul 12, 2018

North P&I Club and 24Vision announced today that they have entered into a partnership agreement, with effect from 1 July 2018, to provide P&I insurance to charterers and small ship operators. As part of 24Vision’s wider service proposition to their marine industry clients…

UK Powers into Paris MoU Top 5

Jun 29, 2018

Consistent high performance by the UK Ship Register has seen it rise four places in the world under standards set by the Paris Memorandum of Understanding (MoU).It means the UKSR is now fifth under an assessment based on the total number…

UK P&I Sees Donation Impact on Seafarers' Families in Philippines

Jun 27, 2018

Capt Anuj Velankar, Senior Loss Prevention Advisor at UK P&I Club travelled to Manila with The Mission to Seafarers to visit the Family Support Network (FSN) supported by the Club’s £20,000 ($26,000) donation in 2017. They were able to witness…

ITIC Defends Ship Manager Against Negligence Allegation

Jun 26, 2018

International Transport Intermediaries Club (ITIC) has successfully defended a ship manager against allegations of negligence made by a shipowner following the loss of a lifeboat overboard.The lifeboat was subsequently found drifting off the port of Naze…

BNSF: Crude Rail Service Could Resume Tuesday

Jun 25, 2018

BNSF Railway Co on Monday said it could resume service Tuesday on a stretch of northwestern Iowa track damaged when a train left the track and crude oil spilled from derailed cars. The crude oil train derailed near Doon, Iowa, on Friday…

The Swedish Club Appoints Five New Board Members

Jun 19, 2018

The Swedish Club announced at its AGM last week that it has appointed five new Board members.The following new Board members were elected, bringing with them a wealth of experience from many sectors of the shipping industry:•    Dr. Zou Yingying…

YM Efficiency Docks in Sydney after Losing 83 Containers at Sea

Jun 06, 2018

A Taiwan-owned cargo ship docked safely in Sydney on Wednesday after losing 83 containers off the coast of Australia during a massive storm which saw the ship battered by five metre (15 feet) swells.The YM Efficiency limped into Sydney with a container hanging halfway off its side…

Shipowners’ Club Pact with Jumar Holdings

Jun 01, 2018

The Shipowners’ Club, the leading mutual P&I insurer in the smaller and specialist sector, is delighted to announce a new technology partnership with Jumar Holdings Limited. The Club has taken a 33% equity stake in Jumar, which sits alongside the 67% stake held by Jumar founder and CEO…

Eliminating The Risk From Docking & Mooring

May 29, 2018

Trelleborg’s marine systems operation has launched a new whitepaper and on-demand webinar outlining design and compliance requirements in docking and mooring equipment, and a new best practice approach to specification.The whitepaper, entitled The Quest for Quality…

World's First Marine Insurance Blockchain Platform Launched

May 28, 2018

EY, Guardtime, A.P. Møller-Maersk, Microsoft and insurance industry leaders Willis Towers Watson, XL Catlin, MS Amlin and ACORD announce members of the marine industry are using Insurwave, a blockchain platform to support marine hull insurance…

Allianz Expands, Improves Project Cargo Coverage

May 25, 2018

With an increased demand for large-scale production facility and infrastructure projects worldwide, the transport of high-value, critical equipment to these project sites has become more intricate and complex. To meet this growing need,…

Association of Average Adjusters Addresses Claims Lacking Clarity

May 16, 2018

‘Who are the crew?’ and ‘what are wages?’ are just some of the areas of marine claims ‘shaded in grey’ says chairman of the Association of Average Adjusters Willum RichardsInsurance market leaders have been urged to apply their policy-reforming…

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