Maersk is expanding its commercial offering and introduces Value Protect, an extended liability solution. It offers customers an alternative to cargo insurance, increasing their chance of receiving full compensation in case of cargo damage in transit…
The London P&I Club saw further growth in its mutual owned entry following the conclusion of the recent P&I renewal season.The club’s director of underwriting, Reto Toggwiler, says, “Our mutual membership saw year-on-year growth of approximately of 3…
North P&I Club has concluded its 2019 renewal and for the first time in the Club’s 159-year history, is projecting total entered tonnage to exceed 200 million gross tons.“Our 2019 renewal strategy was very clear,' said Paul Jennings, CEO, North P&I Club…
Italian worldwide leading broker for marine insurance Cambiaso Risso Group has signed a strategic partnership agreement with French insurance broker Siaci Saint Honore to foster a strong positioning in their markets.The deal will be subject…
North P&I Club has launched its comprehensive new series of bite-sized training packs to help seafarers avoid the contributing factors to workplace casualties, as well as unplanned events that did not result in injury, illness, or damage – but had the potential to do so…
The Swedish Club has reported that on January 23, 2019, S&P Global Ratings raised its insurer financial strength and issuer credit ratings on The Swedish Club to A- with stable outlook.S&P reported that through disciplined underwriting and strong…
US Coast Guard and other federal agencies are operating at a reduced capacity following US government shutdown, said North of England Protecting and Indemnity Association (North P&I Club).Since 21 December 2018, the US Government has been in…
British ship insurer North has received regulatory approval from Ireland's central bank for a new subsidiary in Dublin to ensure continued access to trade in the European Union in case Britain loses single market access, the firm said on Friday…
International Transport Intermediaries Club (ITIC) recently represented a shipbroker accused by an owner of breach of warranty of authority in a dispute arising under a non-performing contract of affreightment (CoA).The shipbrokers had negotiated…
Dozens of containers with items including flat-screen televisions washed up on the Dutch islands of Terschelling and Vlieland after a vessel lost its cargo in heavy seas, a report by RTL Nieuws said, citing a Dutch coast guard.The RTL report…
Maersk Line is expanding its commercial offering with the introduction of an extended liability solution, Value Protect, which will act as a substitute to regular cargo insurance, in protecting customers’ cargo.'Maersk is expanding its commercial offering and introduces Value Protect…
International Transport Intermediaries Club (ITIC) has warned its members to perform proper bank account checks when transferring funds to principals and intermediaries.The warning comes following the fraudulent diversion of a significant sum…
As the cost inflation is set to accelerate on higher insurance premiums, average vessel operating costs rose modestly for the second year in succession following two years of marked declines, according to the latest report published by global shipping consultancy Drewry…
THE London P&I Club has published a loss prevention guide on risks associated with the carriage of coal cargoes, with particular emphasis on gas monitoring and ventilation.The guide, written by Paul Willis, Senior Associate with UK-based forensic…
The American Institute of Marine Underwriters (AIMU) elected the following slate of officers at its annual Board of Directors meeting on November 15:•Michael McKenna of Navigators – Chairman•Michael Csorba of Great American – Vice Chairman•Tony…
