Infrastructure News - page 2


American P&I Club Announces Leadership Change

Mar 21, 2022

After 27 years’ service as Chief Executive Officer of Shipowners Claims Bureau, Inc. (SCB), the Managers of the American P&I Club, Joe Hughes will stand down from that role on August 1, 2022. Dorothea Ioannou, currently Deputy Chief Operating Officer of SCB…

North P&I and Standard Club Plan to Merge

Mar 14, 2022

North P&I and Standard Club revealed they have entered formal discussions for a proposed merger to create a new global marine insurer and one of the largest providers of mutual cover in the maritime industries. The combined mutual insurer would provide cover for vessels equivalent to 400 million GT…

Marine Insurers Widen High-risk Area as Ukraine Conflict Escalates

Mar 08, 2022

London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it deems high risk as Russia's invasion of Ukraine intensifies and perils to merchant shipping grow.The insurance industry's Joint War…

Swedish Club Announces Shift at the Helm for 2023

Dec 14, 2021

At its meeting on December 9, The Swedish Club's Board of Directors made the decision to appoint Thomas Nordberg to succeed Lars Rhodin as Managing Director from January 1, 2023, when Rhodin retires.'The Board of Directors is delighted to have recruited Nordberg…

Insurance Insights: Larger Vessels, Larger Exposures

Dec 09, 2021

The blocking of the Suez Canal by one of the largest container ships in service in the world – the Ever Given – in March 2021 caused huge delays to hundreds of vessels waiting to transit the canal, one of the biggest chokepoints on the critical East/West trade shipping route…

West Creates Charterers and Traders ProductTeam

Nov 25, 2021

West creates a Charterers and Traders team as a new center of excellence within the Club, further enhancing the West’s popular tailor-made liability insurance products.The West of England P&I Club announced the creation of a dedicated Charterers…

TT Club Taps Blunsum as Chief Technology Officer

Nov 10, 2021

Freight and logistics insurer TT Club said it has appointed Kevin Blunsum as its first Chief Technology Officer.Blunsum is a highly experienced and well-respected member of the London-market insurance community. Over his 30-year career he has…

North P&I Club Appoints Asherson as Claims Director

Nov 04, 2021

North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club after three years in private practice in his native South Africa.Asherson, who spent 18 years with North in the period up to 2018, returns…

Shipping Insurance Data and Collaboration

Jun 28, 2021

The use of data and technology in the marine insurance industry has taken great forward steps in the last decade. In an industry often portrayed as being more comfortable with tradition rather than disruption, there is a realization that the…

Ever Given Insurer Says Egypt's Reduced Claim is Still Too High

May 10, 2021

UK Club, an insurer of the container ship that blocked the Suez Canal in March, said on Monday a reduced compensation claim made by the Egyptian authorities for almost $600 million to free the vessel and cover related losses was still 'exceptionally large'…

Suez Canal Hopes for Deal on Detained Ever Given

Apr 26, 2021

The head of the Suez Canal Authority (SCA) said on Monday he hoped talks would soon yield an agreement with the owner and insurer of a giant container ship which is still being detained since it blocked the waterway for six days last month.The…

Ever Given's Insurer Appeals Detention by Egypt

Apr 23, 2021

UK P&I Club, an insurer of the Ever Given cargo ship which ran aground in the Suez Canal in March, said on Friday it had filed an appeal in an Egyptian court over the detention of the vessel by authorities.The Ever Given has been anchored in…

Ever Given Held in Egypt as Compensation Talks Continue

Apr 13, 2021

A ship that blocked the Suez Canal for almost a week in March has not been given clearance to leave the waterway as discussions continue over a compensation claim made to the vessel’s owner Shoei Kisen, an official from the Japanese company said on Tuesday…

The Swedish Club Pairs with CWA to Reduce Cargo Claims

Apr 12, 2021

The Swedish Club has partnered with cargo consultants CWA International to develop its new Cargo Advice series, aiming to provide advice and information on the carriage of a wide range of cargoes that are frequently subject to claims.The new Cargo Advice gives operators a unique…

Reinsurers Set to Bear Brunt of Costs for Suez Canal Grounding

Apr 08, 2021

Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars.International supply chains were thrown…

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