Insurance News


Shipowners Advised on Managing the Cost of US Healthcare

Jan 18, 2016

When a crew member, passenger or other maritime worker onboard a ship falls ill or is injured, the cost of treatment is difficult to predict. The quality of care in the United States is generally regarded as high, yet the cost of treatment is inconsistent from hospital to hospital…

A.M. Best Affirms Swedish Club Rating of A-

Jan 15, 2016

A.M. Best Ratings Services Ltd has affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” for The Swedish Club, with the outlook for both ratings remaining stable. According to A.M. Best, the ratings…

XL Catlin Promotes Chief Underwriting Officer, Marine

Jan 06, 2016

XL Catlin today announced the promotion of Anne Marie Elder to the role of Chief Underwriting Officer Marine for the Americas region. Elder in her new leadership role now reports to Lee Meyrick, XL Catlin’s Chief Underwriting Officer for Global Marine…

Sedgwick LLP Adds Five Maritime Lawyers

Jan 05, 2016

Sedgwick LLP has announced that five San Francisco-based attorneys, nationally recognized for their work in maritime law, joined the firm on January 1, 2016.Eric Danoff, Andrew Port, James Tamulski, Cheryl Morris and Katharine Essick have…

NTSB Releases El Faro Images & Video

Jan 04, 2016

Subsea images and video released as part of NTSB public docket on investigation into the sinking of U.S. cargo ship El Faro.Underwater video and images of the sunken cargo ship EL Faro have been released by the U.S. National Transportation…

North P&I Club Awards Marine Technology Students

Dec 29, 2015

North P&I Club announced it has presented awards and scholarships to the best students on one of the world’s leading marine technology courses. The presentations were made at the prize-giving ceremony for the Marine Technology with Management MSc post-graduate program…

SCI Awarded IMS Cetification

Dec 25, 2015

The Shipping Corporation of India Ltd was awarded the Integrated Management System (IMS) Certification at its Head Office at Mumbai on 23rd December, 2015 by Arun Sharma, Chairman and Managing Director of Indian Register of Shipping (IRS)…

Ship Owners to See Reduced P&I Premiums in 2016

Dec 23, 2015

Despite protection and indemnity (P&I) Clubs announcing that they are trying to achieve on average 2% increases in premium, ship owners with good records can look forward to reductions in premiums for P&) insurance at the 2016 renewals, according to Willis Group Holdings…

Skuld Quadruples Bottom Line

Dec 21, 2015

Norwegian marine insurer Skuld delivered a result of USD 20 million in the first nine months of the year, a USD 5 million increase from the same period last year. Overcapacity is still putting pressure on premium levels, says CEO. Skuld…

Mission to Seafarers Responds to Singapore Strait Tragedy

Dec 21, 2015

Global maritime welfare charity The Mission to Seafarers outlines emergency support work with surviving crew members of the Thorco Cloud – a general cargo vessel which sank in the Singapore Strait after a collision on December 16. The other vessel involved…

NOIA Rebuts “Red Herring” Study on Atlantic Development

Dec 16, 2015

NOIA President Randall Luthi issued the following statement regarding a report released today by SELC which attempts to discredit an earlier study by Quest Offshore: “The Quest Study estimates the potential for jobs, economic activity…

IACS Council Establishes Cyber Panel

Dec 14, 2015

The International Association of Classification Societies (IACS) has created a Cyber Panel to lend support and resources to address what has become a key industry issue.IACS panels represent the top tier of the Association's issue-specific bodies…

Global Climate Conference Adopts Historic Deal

Dec 13, 2015

A global climate conference on Saturday adopted an international accord aimed at transforming the world's fossil fuel-driven economy within decades and slowing the pace of global warming.French Foreign Minister Laurent Fabius banged down his gavel to rapturous applause…

Renewal of Bunker, CLC, Athens and WRC Certificates

Dec 13, 2015

Time has come for most shipowners to apply for renewal of Bunker, CLC, Athens and Wreck Removal Certificates from the Danish Maritime Authority (DMA). Certificates must be renewed when the underlying insurance expires. Ships subject to…

Six More Bodies Found After Azeri Oil Platform Fire

Dec 07, 2015

The bodies of six oil workers missing from an Azeri oil platform in the Caspian Sea that caught fire on Friday have been found, the state energy company SOCAR said on Monday. It said a helicopter search for the other missing would continue at daybreak…

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