Insurance

  • Global ship insurers to resume near full coverage...

    Global shipping insurers have devised a way to ensure nearly full coverage for Iranian oil exports from next month after striking a deal to provide cover without involving U.S.-domiciled reinsurers, officials in Tokyo and London said.

  • North P&I Club Expands Loss Prevention Team...

    North P&I Club has strengthened its loss prevention team this month with the appointment of loss prevention executive John Southam, a master mariner with global experience in container, offshore, shipbuilding and consultancy roles. Together with the recruitment of survey executive Stephen Maclennan from the Royal Navy earlier this year, his appointment boosts the Club’s international loss prevention department to 14.

  • The Swedish Club runs groundbreaking seminar

    Maritime insurer The Swedish Club opened its doors to senior shipowners and brokers from across Asia in November, welcoming them to the Club’s latest Marine Insurance Seminar, specifically designed for the Asian markets.

  • New rule on marine insurance lures shipping firm...

    A regional shipping agency has now focused on East and Southern African countries to make shippers buy marine insurance in their respective countries. Kenya has already set the pace, with the Insurance Act requiring that all imports are insured by Kenyan underwriters.

  • The origin of shipping and insurance

    Shipping is one of the oldest businesses in the world. Risk management and insurance are also equally old business. They are closely linked with one another. In fact the development of insurance took place in support of the shipping industry.

Pages

Governments to carefully weigh up shipping ETS ‘insurance policy’

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.

English

Pages

Top