Leaders of the maritime industry will convene in Washington, D.C. on June 19 with representatives of the relevant government agencies to have a dialogue addressing concerns with, and ways to improve, the recently published draft National Preparedness for Response Exercise Program (NPREP) guidelines…
Having an excellent set of Standard Terms and Conditions (Terms) in your desk drawer or on your website, is all very well, but unless you have incorporated them into your dealings with your client, they will not form part of your legal relationship…
BMT Group Ltd (BMT) has announced a solid financial performance for the year to September 30, 2013. Although market conditions have been challenging, BMT secured revenues of £163.3m, an increase of 5% year on year, with underlying operating profits of £11…
During a recent tour of northeast England, Lord Livingston, the UK’s Minister for Trade and Investment, visited the Gateshead headquarters of Seacurus which, in April 2013, launched CrewSEACURE, the first ever insurance policy designed exclusively…
The latest round of funding under the Skilling Australia’s Defence Industry (SADI) initiative was announced today by Minister for Defence, Senator David Johnston.Senator Johnston said more than $5 million in funding would be made available…
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced the appointment of Captain Rahul Khanna to Global Head of Marine Risk Consulting, effective July 1, 2014. In this position, Captain Khanna…
ITIC has issued a warning to shipping and transport intermediaries about a scam currently being perpetrated whereby pre-funded port costs are being diverted to a fake bank account.In each case the party due to make the payment has received…
The TT Club has appointed Robert Kempkens as claims director. Based in London, he will be responsible for overseeing global claims handling for the TT Club.Robert joined the TT Club in 2006, becoming Regional Claims Director for Europe, Middle East and Africa in 2010…
Steamship Mutual has released its financial results following approval of its 2013/14 Report & Accounts by the Board of the Club.The club achieved a financial year combined ratio of 96.7%, whilst maintaining a low risk investment strategy…
London P&I Club’s result for the 2013/2014 financial year produced an overall surplus of $6.6 million, increasing the free reserve to $160.6 million.There was an increase in P&I claims costs within the club’s retained layers in the financial year…
The TT Club announced its financial results for the year ended December 31, 2014, maintaining its A- (Excellent) rating by agency AM Best for the eight consecutive year.Highlights: $186.3 million gross written premiums $12 million surplus Total assets of $641…
Specialist professional indemnity insurer International Transport Intermediaries Club (ITIC) says that, in today’s highly competitive industry, ship agents and other shipping and transport intermediaries run the risk of being sued even when they are not at fault…
Precise Consultants, a hydrographic consultancy based in London, announced it will offer professional indemnity (PI) insurance to freelance personnel, a service that will provide a policy that seeks to protect offshore professionals against potentially damaging claims…
Shipowners have been warned they could face being saddled with ‘negative equity’ in the insurance aftermath of disasters at sea, according to Keith Jones the outgoing chairman of the Association of Average Adjusters (AAA) at its London AGM, reports UK shipping trade association Maritime London…
Paul Rowland, the new chairman of the Association of Average Adjusters, foresees a “bright and vibrant” future for this specialist branch of the marine profession.Rowland, a director of the firm of average adjusters and marine claims consultants…
