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.

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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.

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Eshiptrading Announces Complete Ship Brokerage Services From Technical Consultation

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.

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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.

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