Insurance News


Swedish Club: Consistent Underwriting in Challenging Year

Mar 31, 2016

The Swedish Club reported to its board today that it has achieved a consistent 2015 underwriting performance with financial stability and cost-efficient quality services for its members. It delivered a balanced underwriting result, despite higher claims activity and increased volatility…

MARACAD Returns to Dubai

Mar 30, 2016

After an extremely successful debut in 2015, the MARACAD Conference and Expo returns to Dubai once again in 2016. Under the patronage of His Excellency Dr. Abdullah Bin Mohammed Belhaif Al Nuaimi, Minister of Public Works Chairman of the Federal Transport Authority – Land and Maritime…

ICS Deliberate on “Legal Issues relating to Shipping & Ports”

Mar 28, 2016

ICS, East India Branch conducted conference on Legal matters pertaining to Maritime Sector prior to joining hands with M/s Hinode Events a Knowledge Partner to serialise this an Annual Conference on Legal Maritime Legal matters. The Branch takes…

Savannah Handles Imported Grapes

Mar 25, 2016

The Port of Savannah is now handling grapes imported from Peru, adding to the list of cold-treated perishables using Savannah as a port of entry. 'Savannah currently handles avocados, citrus and sweet onions from Peru,' said Georgia Ports Authority Executive Director Curtis Foltz…

Global Risk Picture for Commercial Shipping Unveiled

Mar 24, 2016

Today, Dryad Maritime release the Dryad Maritime Country Risk Map, an online risk portal that has been specifically designed to help commercial teams, CSOs, ship owners and managers optimise their maritime security strategies and identify new…

2015 - The Safest Year in Shipping for a Decade

Mar 23, 2016

The shipping industry saw its safest year in a decade in 2015, according to a new report from Allianz Global Corporate & Specialty (AGCS), though 85 total losses reported worldwide last year, down from 88 in 2014 and well below the 10-year average of 123…

Ship Insurers Plug Hole in Iran Oil Cover Left by US Sanctions

Mar 22, 2016

Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact that U.S. reinsurers are still restrained by Washington's sanctions, according to officials involved in the initiative. International…

UK P&I Extends PEME Program to Russia

Mar 22, 2016

The PEME Program, part of UK P&I Club’s Loss Prevention department, has expanded its existing clinic network to include Russia through the services of AP Companies Global Solutions, which has joined the PEME network as healthcare provider in this region…

Swedish Club Report Shines Light on Vessel Claims

Mar 16, 2016

The life of seafarers is never straightforward, and as a new report from the Swedish Club shows, the hazards and job complexities they face are very much dependent on the type of vessel they find themselves crewing. In P&I Claims Analysis…

Argentina Sinks Chinese Ship

Mar 16, 2016

Argentina's coast guard has sunk a Chinese trawler that was fishing illegally within its territorial waters, the coast guard said on Tuesday, marking a first test for relations between recently elected President Mauricio Macri and Beijing.  The…

DNV GL, Gard, The Swedish Club Step in to Cut Anchor Losses

Mar 08, 2016

The root cause of many groundings and collisions, lost anchors are among the top five reasons for claims costs. A rising number of anchor losses reported over the last several years prompted DNV GL, Gard and The Swedish Club to investigate this issue…

Constrains on Iran Oil Shipping Insurance Still Remain

Mar 02, 2016

The chief executive of Frontline, one of the world's largest independent tanker firms, said it is likely to take another two or three months until insurance for cargoes carrying oil from Iran is secured, according to a report in Tasnim. 'We have not lifted anything yet…

North P&I Club Boost Loss Prevention Team in Asia Pacific

Feb 29, 2016

North P&I Club has boosted its loss-prevention presence in the Asia Pacific. Loss prevention executive George Cuthbert moved to Singapore from North’s head office in Newcastle this month to work alongside loss prevention executive Aniruddha Desai…

Shipowner’s Loss of Earnings and Collision Claim

Feb 27, 2016

Awareness of the ways of calculating loss of earnings claims can be useful in both presenting and challenging this type of claim. This Gard Insight looks at some general principles and methods applied by the courts. A product tanker was hit by a bulker while at berth…

Britannia and UK P&I Clubs in Merger Talks

Feb 25, 2016

The boards of the Britannia Club and the UK P&I Club announced today that the two groups are in merger discussions. The boards of the Clubs will now begin a process to determine whether the merger is possible and delivers appropriate benefit to their respective Memberships…

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