Insurance

  • Maritime workers desire benefits that aren’t...

    A global survey of over 2,260 job seekers from Worldwide Recruitment Solutions (WRS) shows the latest market trends, including pay and benefits, within the global Maritime industry. Worldwide Recruitment Solutions (WRS), specialists in talent acquisition services for this industry, has just published the results of this latest sector survey. One of the key findings is the clear disparity in many cases between the range of benefits offered to both contract and permanent employees in comparison with the benefits that are most valued by these individuals. 

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Letters of Comfort requested for trade in Nigerian waters

Following on from our web alert last month regarding the Nigerian National Petroleum Corporation (NNPC) lifting the ban on listed crude tankers, Letters of Comfort are now being sought to guarantee that the nominated vessel will not be used for any illegal activity in Nigerian territorial waters.

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Reed Smith Beefs Up Texas Insurance Recovery Law Presence

Reed Smith LLP today announced the addition of Stephen Moll and Jim Cooper as partners in its Insurance Recovery Group. The two will join the firm’s Houston office from Gardere Wynne Sewell LLP in Houston, where they co-led that firm’s Policyholder Insurance Coverage Group for more than 15 years.

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Prohibition of crude oil vessels from Nigeria

A second letter from NNPC, dated 8 September 2015, addressed to the Terminals in the Nigeria, refers to their earlier letter of July banning 113 vessels but goes on to refer to the President having “approved the consideration of all incoming vessels into the Nigerian waters”. It has been suggested this means the ban has been lifted.

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Is marine reinsurance set for a crisis?

As many of us would remember, about 10 years ago, we learned a lesson. The world learned that repackaged mortgage loans, renamed ‘collateralised debt obligations’ spelled trouble. Lest we forget, these CDOs played a major part in the collapse of financial institutions, beginning in 2007. They gave a bad rap to the word ‘derivatives’.

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Is marine reinsurance set for a crisis?

As many of us would remember, about 10 years ago, we learned a lesson. The world learned that repackaged mortgage loans, renamed ‘collateralised debt obligations’ spelled trouble. Lest we forget, these CDOs played a major part in the collapse of financial institutions, beginning in 2007. They gave a bad rap to the word ‘derivatives’.

English

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