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…
The Swedish Club announced it has seen the successful conclusion of its latest Marine Insurance Course, with standing room only and a packed program of discussions, seminars and speeches from industry experts in Marine Insurance. The course…
ITIC has reminded ship agents and other shipping and transport intermediaries that in today’s highly competitive industry they run the risk of being sued, even when they are not at fault.In the latest issue of its Claims Review, ITIC reports…
Freight and logistics professionals at Multimodal 2014 this week will hear specialist insurer TT Club’s Risk Management Director, Peregrine Storrs-Fox and other experts warn of the hazards of incorrect packing of containers and CTUs of all types…
The International Maritime Organization (IMO) informs that substantially increased limits of liability for the death of, or personal injury to, a passenger on a ship apply from 23, April 2014, according to the Athens Convention relating to the Carriage of Passengers and their Luggage by Sea…
National marine and inland marine insurance coverage and service provider Fidelis Group Holdings, LLC (FGH), through its subsidiary company Continental Underwriters, Ltd. informs it has appointed Mr. Michael L. Civisca as Executive Vice President…
The Athens Convention relating to the Carriage of Passengers and their Luggage by Sea, 2002, which substantially raises the limits of liability for the death of, or personal injury to, a passenger on a ship, enters into force today, April 23…
