Insurance News


Opposition Builds to UK Nuclear Project in EU Executive

Oct 04, 2014

A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers, who want to overturn approval from the top European regulator, EU sources said…

SSA: Marine Insurance, Finance Are Areas to Develop

Oct 03, 2014

Singapore has to further develop and strengthen the pillars of marine insurance and shipping finance if it is to be fully regarded as an influential International Maritime Centre, according to Singapore Shipping Association President Patrick Phoon…

ITIC Urges Shipbrokers to Put it in Writing

Oct 01, 2014

ITIC has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in possession of full, confirmed information prior to the conclusion of negotiations. In the latest issue of its Claims Review…

ITIC Urges Shipbrokers to Put It in Writing

Oct 01, 2014

Specialist transport intermediary insurer, ITIC, has warned shipbrokers that they face the risk of serious financial loss if they fail to ensure that all parties to fixture agreements are in possession of full, confirmed information prior to the conclusion of negotiations…

RRI Launch Marine Services J/V with a Trans-Atlantic Reach

Sep 17, 2014

Regional Reporting Inc. (RRI) and Global Risk Evaluations (GREvL) inform of the creation of a joint venture aimed at expanding their marine services offerings. The new company Marine Reporting International Ltd. (MRI) will combine the marine division of GREvL and RRI's UK subsidiary…

3rd India Ship Recycling Conference Set to be a Big Draw

Sep 12, 2014

Delegate registeration for the 3rd India Ship Recycling Conference is going on at a hot pace with a lot of interest having generated with the new Indian Government coming up with a robust growth policy for the Indian Maritime sector. In fact…

Arctic Shipping Routes: P&I Insurance FAQs

Sep 12, 2014

The UK P&I Club has compiled an FAQ which focuses on the implications for P&I insurance of choosing to use the Northern Sea Route. The Northern Sea Route (NSR), or North East Passage, runs along the Russian coast from the Atlantic to the Pacific through the Kara…

IUMI to Celebrates 140th Anniversary in Hong Kong

Sep 10, 2014

Members of the International Union of Marine Insurance, in its 140th year, will gather in Hong Kong from 21-24 September at the Intercontinental Hotel, Kowloon for its annual conference themed Building Expertise for a Changing World.Over…

Harsema-Mensonides Joins Braemar Engineering

Sep 03, 2014

Harsema-Mensonides Takes New Role at BraemarBraemar Engineering announced the appointment of Alex Harsema-Mensonides as Director of Marine Business Development, effective from September 1, 2014.Harsema-Mensonides joins Braemar Engineering with a wealth of experience…

Panama Canal Infrastructure to be Valued by VRC

Sep 03, 2014

Leading provider of independent valuations, Valuation Research Corporation (VRC) says it has been engaged by the Panama Canal Authority to value the locks, dams, power plants and other structures of the canal for insurance purposes. This is VRC’s second valuation engagement with the authority…

Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Sep 02, 2014

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.Created in Houston, Texas, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe…

AEU Awards Recognize Maritime Safety

Aug 28, 2014

On August 4, 2014 The American Equity Underwriters, Inc. (AEU), a provider of solutions for workers compensation coverage under the Longshore and Harbor Workers Compensation Act, presented its Safety Awards at the annual American Longshore Mutual Association (ALMA) Conference in San Diego…

Vacancy: Senior Claims Exec at Skuld Hamburg

Aug 28, 2014

Diversified marine insurer Skuld says it seeks a highly competent Senior Claims Executive who will join its dedicated team of claims handlers in Hamburg.Responsibilities Overall claims handling within all aspects of P&I and FD&D operations…

Maersk Line Still the Leading Carrier on Reliability in Q2

Aug 21, 2014

During the second quarter, the overall industry reliability has improved. However, Maersk Line is pleased to have improved their performance so that they can continue to lead the industry on reliability. The midyear review of Maersk Line…

'Double Jeopardy – Trial by Media, Trial by Law' London Opening

Aug 21, 2014

BIMCO notes that the highly acclaimed 'Double Jeopardy - trial by media, trial by law' first showcased at the BIMCO AGM in Dubai earlier this year is to be brought to the stage in a London theatre production on 3 November. This highly novel event blends theatre…

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