Insurance News


TT Club Appoints Regional Claims Director

Mar 03, 2015

TT Club  has appointed Justin Reynolds as Regional Claims Director, Europe, Middle East and Africa. Based in London, he will be responsible for handling member’s claims across the EMEA region. Reynolds is a qualified solicitor and has over 20 years’ dispute resolution experience…

Mariners Transiting Delaware River Cautioned

Mar 01, 2015

The Captain of the Port (COTP) Delaware Bay is notifying mariners that Upper Delaware River lighted buoy 33 (LLNR 3875) and Upper Delaware River lighted buoy 36 (LLNR 3920) are in the center line of the channel.Buoy 33 is 550 yards north…

Top Five Most Costly Insurance Claims

Feb 25, 2015

The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance provider said it has found that 66% of its claims by number and 62% by value…

'Strong Renewal' for UK P&I Club

Feb 24, 2015

The UK P&I Club announced its renewal results for 2015 following the closure of the renewal season on February 20, 2015, reporting a net increase of 1.2 million gross tons of mutual business taking mutual owned tonnage to 127 million gross tons…

BWMC's Entry Into Force Imminent

Feb 23, 2015

Jacqueline Tan, Senior Claims Executive at the UK P&I Club, commented on the ballast water management controls coming into force:  “The coming into force of the Ballast Water Management Convention 2004 (“BWMC”) is now imminent.  As of February 12…

No Let Up in Navigational Claims Reports

Feb 12, 2015

According to The Swedish Club, half of the costs of hull and machinery claims handled by the Club have arisen due to navigational claims such as collisions, contacts or groundings - a figure that has remained steady over recent years despite…

TT Club Urge Better Management Practices

Feb 12, 2015

A detailed analysis of the root causes of insurance claims show 80% of bodily injuries at global ports and container terminals involve handling equipment or vehicles.Speaking at the Philippine Ports and Shipping Conference in Manila today…

Thomas Miller Launches App

Feb 12, 2015

Thomas Miller, the international insurance, professional and investment services provider, has launched an app to make its news, media and communications available to brokers, members and clients.  The app is a digital library providing…

P&I Club Extends E-Learning Modules

Feb 11, 2015

The American P&I Club has added to its library of e-learning modules released in co-operation with IDESS IT in the Philippines. The new module covers compliance with the International Maritime Organization’s International Code for the Safe Carriage of Grain in Bulk…

Costa Concordia's Schettino Awaits Verdict

Feb 11, 2015

Schettino accused over loss of cruiseship in January 2012. Charges include manslaughter, causing shipwreck, abandoning ship.The former captain of the doomed Costa Concordia on Wednesday gave his final address to a court where he is being tried over the loss of the giant cruiseliner…

TT Club Appoints King as Regional Director

Feb 03, 2015

Kevin King has been appointed as TT Club's Regional Director Europe, Middle East and Africa. Based in London, he will be responsible for overseeing member service and business development across EMEA for the TT Club.King is a qualified U…

Wreck Removal Convention Inforce From April

Feb 03, 2015

The insurance and certification requirements of the Convention on the Removal of Wrecks become effective this April. In this connection, the Danish Maritime Authority has a request for Danish companies and shipowners.Therefore new regulations…

Azerbaijan Critical After S&P Revises Rating

Jan 31, 2015

Azerbaijan criticised Standard & Poor's for resorting to what it said were 'double standards' after the agency revised the country's sovereign credit outlook downward to negative on Friday.S&P said Azerbaijan's fiscal and external balances would be hurt by the substantial drop in oil prices…

TT Club Celebrates 25 Year Support of BIFA Awards

Jan 29, 2015

At the British International Freight Association (BIFA) Annual Awards Lunch in London last week, the global freight insurance specialist, TT Club was itself presented with an honorary award in recognition of the Club’s twenty-five year support of the event…

A HERO on the Seas

Jan 29, 2015

The expansion of the Panama Canal has opened up an opportunity for WWL to develop its next generation RoRo carriers.Due to its importance to international trade, the size of the Panama Canal has long been a design constraint when it comes to shipping vessels…

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