QBE North America, an operating division of global insurer QBE Insurance Group Limited, today announced the launch of The Solution for Motor Truck Cargo – a comprehensive policy offering unique coverages for motor carriers.
President of Premier Assurance Group Charles Jorge speaks at the launch of two health insurance products to be distributed in Jamaica by partner Maritime General Insurance Brokers at the Spanish Court Hotel in New Kingston on Thursday, February 2.
Premier Assurance (PA) Group has entered the Jamaican market with two new health insurance products through a partnership with Maritime General Insurance Brokers.
Shipping and Maritime affairs department has asked local insurance firms to embrace innovation to boost their capacity to underwrite marine insurance.
The Treasury’s directive that came into force on January 1 requiring all importers to procure marine insurance cover from Kenyan firms should be an entry point for the country to tap the largely unexploited maritime industry, also known as the “blue economy”.
Likely upcoming remote-controlled vessels and Maritime Autonomous Surface Ships (MASS) will force all members of the maritime sector and maritime nations to cooperate in ensuring a regulatory regime is in place that covers unmanned ships, according to a gathering at the Insurance institute of London (IIL) covered by Insurance Marine News.
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.
New Delhi, Mar 26 (PTI) The apex consumer commission has directed an insurance company to pay over Rs 1.93 crore to a shipping firm for repair of one of its vessels which was damaged while sailing in bad weather.
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.
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.
A recent study done by 1Cover Travel Insurance has found that a staggering 30 per cent of Australian travellers did not take out travel insurance on their last cruise.