Insurance

  • New Maritime law fails to excite re-insurance...

    Reinsurance companies say they have little to smile about in the wake of the new marine insurance law. This is because the law, contained in Section 20 of the Insurance Act that makes it mandatory for local cargo importers to insure their goods with local insurance companies, has no provision compelling firms to re-insure marine cargo with local reinsurance companies.

  • Hannover Re sees marine reinsurance premiums fall

    German reinsurer Hannover Re reported that gross written premiums (GWP) for 2016 in marine within the p&c reinsurance sector declined to €277m, from €297m the previous year, equal to just over 10% of the €2.65bn (2015; €2.92bn) specialty lines book as a whole. Hannover Re’s total GWP was €11.92bn, down from €14.14bn in 2015.

  • Eshiptrading Announces Complete Ship Brokerage...

    Ship buying is not an easy task, particularly for a person who has no idea about ships. For all people or companies interested to purchase ships, eshiptrading now offers professional ship buying services, which include finding a suitable ship, offering technical consultation and even arranging finances for serious buyers. They offer complete consultation and ship buying services for a person to purchase the best ship by paying the best price.

  • Governments to carefully weigh up shipping ETS ‘...

    MEPs’ proposal to include shipping in the EU emissions trading system (ETS) from 2023, if the International Maritime Organisation (IMO) fails to agree a global measure to reduce shipping emissions, should be a wake-up call for the UN agency, a senior European Commission official has said. The remarks come as EU governments weigh up what’s described as a necessary ‘insurance policy’ in case the IMO again fails to act.

  • Brexit prompts ship insurers to look at...

    UK regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.

  • Resolution Insurance Unveils Marine Insurance As...

    Resolution insurance has launched a comprehensive marine insurance cover dubbed ‘Resolution Marine Cargo’ in a move to offer affordable transit policy into the market that provides a one-stop shop solution for all marine insurance needs.

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Singapore Marine Insurance Conference 2017 to reflect vibrancy and diversity of republic as a major international maritime hub

In its continued efforts toward engaging the marine insurance and maritime communities, the General Insurance Association of Singapore (GIA) said it is organising its inaugural marine insurance conference, gathering international Industry leaders to discuss the latest developments and explore emerging topics from across the marine insurance and maritime-related industries.

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Smooth sailing on the high seas

A shipowner seeking finance in Hong Kong has a plethora of choices including debt financing from the many international banks with a shipping portfolio, leasing or, in the case of a public company, it may choose to issue shares or bonds.

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Kennedys boosts Asia-Pacific expertise with Clyde & Co marine partner hire

International law firm Kennedys has boosted its international marine insurance and shipping practice, and particularly its Korean expertise, with the appointment of disputes partner Deug Rong (“DR”) Lee from Clyde & Co. DR joins Kennedys’ international marine insurance and shipping team, which came about as a result of their merger with Waltons & Morse in November last year. He will be based in the firm’s London office.
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Smooth sailing on the high seas

As one of Asia’s premier financial centre, Hong Kong offers shipowners and maritime industry service providers a wide range of key financial and insurance options, facilitating the continued development of the industry

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