Insurance News


Norwegian Hull Club CEO Stepping Down

May 28, 2015

John Wiik to step down as CEO of Norwegian Hull Club, passing the reins to Faz Peermohamed The Norwegian Hull Club announced that John Wiik will step down as CEO on January 1, 2016. Filling Wiik's role will be Faz Peermohamed, the club announced…

VIKING’s Top Safety Offerings at Nor-Shipping

May 28, 2015

Marine safety equipment leader VIKING Life-Saving Equipment will appear in force at Nor-Shipping 2015, displaying both innovative products and services that are proving popular with shipowners around the world.Shipowner AgreementsFew…

Challenges Ahead for Marine Insurance

May 16, 2015

The marine insurance sector is undergoing a rapid period of change and it is critical that insurers understand the risks the industry is facing and offer products that match these new trends, Dieter Berg, president of the International Union of Marine Insurance (IUMI) said…

Naval Architects Count the Cost of Ship Design Errors

May 15, 2015

International Transport Intermediaries Club (ITIC) says recent claims experience demonstrates that naval architects need to be aware of the need to protect against their exposure to liability for damages resulting from errors in design work…

Steamship Reports Strongest Results

May 15, 2015

The Steamship Mutual Underwriting Association (Bermuda)  achieved a combined ratio of 78.6% for the 2014-2015 policy year, one of the strongest results in its 100-plus years of existence.Free reserves increased by US$75 million to US$376…

Incident Highlights Importance of Enclosed Space Entry Drills

May 13, 2015

The London P&I Club says a recent claims incident resulting in the deaths of two crew members on board a bulk carrier loaded with coal underlines the importance of proper crew training and awareness in relation to the dangers associated with entry into harmful hold atmospheres…

Ameritex Fabric Systems Debuts "Weatherguard"

May 13, 2015

Ameritex Fabric Systems, a member of the Taylor Made Group and the leading supplier of engineered canvas enclosures, tops and covers for OEM boatbuilders, is introducing a new, exclusive fabric to the marine industry.“We’re calling it WeatherGuard™…

Seminar Highlights Freight Liability in Russia

May 11, 2015

International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow.  Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner Panditrans…

Indian Sailors Return Home after Five Month

May 06, 2015

Fourteen Indian troopers, who have been stranded on board an oil tanker off the coast of Bahrain since December have lastly left for home, says a report in Gulf Daily news. They were among the 16-member crew of Mongolian vessel MT Surya Kuber…

The Swedish Club Hosts Marine Insurance Course

May 05, 2015

The Swedish Club received a vote of confidence from its members this week when it opened the doors on the 2015 Marine Insurance Course, again held at the Club’s head office in Gothenburg. Delegates came from as far afield as Asia and the Middle East…

USCG Establishes Diver Specialty

May 04, 2015

The Coast Guard announced Wednesday the establishment of the diver enlisted rating and corresponding chief warrant officer specialty.About 50 enlisted personnel and three chief warrant officers will initially transition to the Diver (DV) rating and Diving (DIV) specialty…

Peel Ports Launches Cargo200 Initiative

Apr 30, 2015

The UK’s second largest ports operator, Peel Ports, has today (Wednesday, 29 April) launched a major carbon emission initiative, Cargo200, and is calling on the UK freight and logistics industry to rethink supply chain and services routes…

London P&I Club Issues Recommendations on Bauxite Cargoes

Apr 27, 2015

The London P&I Club has issued a list of recommendations to owners contemplating the carriage of bauxite cargoes in the wake of renewed concerns about the dangers of cargo mis-declaration and potential liquefaction.In the latest issue of the club’s StopLoss Bulletin…

Shipoweners Warned to be Prepared for Migrant Rescues

Apr 27, 2015

The North P&I club has warned its shipowner members of the need to be properly prepared to meet their moral and legal obligations to rescue migrants at sea. In a new loss prevention briefing published today, North suggests some of the rescue…

MPHRP at Anglo Eastern Maritime Academy

Apr 27, 2015

Chirag Bahri, MPHRP Regional Director for South Asia was invited by Anglo Eastern Maritime Academy in Karjat, India, to interact with the cadets undergoing pre sea training at the prestigious nautical college.During the presentation,…

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