The American Equity Underwriters, Inc. (AEU) 2011 Safety Awards were presented at the annual American Longshore Mutual Association (ALMA) Conference in Grand Cayman on July 30, 2012. The awards are given each year to the best performing…
J. H. Blades's new marine underwriting division will underwrite brown water exposures for specialty retail agents and brokers.Specific coverages will include hull and liability, protection and indemnity, builder’s risk, miscellaneous marine liability…
The International Chamber of Shipping (ICS), which represents over 80% of the world merchant fleet, has welcomed the decision by the European Commission competition directorate to close its investigation into the activities of the International Group of P&I Clubs…
What do we think of when we hear “Survival at Sea”? It usually brings up visions of a ship in a perilous situation confronting some extraordinary circumstances that might be life or death. We are now faced with an even more harrowing scenario…
Moore Stephens has further strengthened its regulatory advisory capability with the appointment of John Westlake as compliance manager.John Westlake has a broad perspective of the insurance industry acquired through a variety of roles, which…
The American Club reported positive developments during 2011, and into the first half of 2012, at yesterday’s annual meeting of its members in New York. Its business had made steady progress, notwithstanding the challenges which continued to confront the global economy in general…
A vessel owner who takes on paying passengers knows he or she has to meet U.S. Coast Guard requirements for safety. If corners are cut, a barge operator can develop a reputation for accidents and business could disappear. And marine companies…
Underwriters, brokers, claims personnel and key industry suppliers converged on San Diego’s Rancho Bernardo earlier this month for the 82st Annual Meeting of the Inland Marine Underwriters Association (IMUA). The meeting officially got underway with the election of a new slate of officers…
Ship managers sometimes victims of owners' bogus negligence claimsHard times have brought about an increase in bogus claims against ship managers by shipowners, warned the International Transport Intermediaries Club (ITIC) in its latest issue of 'Claims Review'…
The UK P&I Club (the Club), one of the oldest shipping protection and indemnity insurance mutuals, announces its results for the year ended February 20, 2012. Highlights• Combined ratio 97% for 2012 financial year• Surplus…
International Transport Intermediaries Club (ITIC) says it has seen a noticeable increase in claims against ship managers by shipowners who are going through difficult financial times. In the latest issue of its Claims Review, ITIC notes that…
GAC Protective Solutions, Powered by AKE, has entered into two new strategic partnerships with the innovators of anti-piracy technologies to help protect vessels, cargoes and seafarers: Unifire's SEASERPENT Anti-Pirate Water Cannon System and…
Managers of The Strike Club were able to give an upbeat report to the club’s directors when they met in Istanbul.Ongoing increased demand for the club’s various insurance covers has resulted in strong growth and a very positive renewal in February for the 2012/13 year…
Accident investigation is a painstaking and often painful process and, more often than not, theoutcome is a raft of new policies and measures to avoid reoccurrence. Yet, if well thought out and established company procedures are followed in the first place…
Mutual insurance provider The Shipowners’ Club, has produced a comprehensive handbook ‘Fishing vessel safety’ highlighting areas in which crew members can become more safety aware, while assisting crew and owners alike to recognise potential dangers and operating hazards…