Insurance

  • 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.

  • QBE Inland Marine Launches New Liability...

     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. 

  • PA Group, Maritime Insurance Brokers partner to...

    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. 

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What marine insurers can learn from the RENOS case?

When assessing a constructive total loss of a ship, should the value of salvage services incurred prior to the issuance of a Notice of Abandonment be taken into account? Grant Pilkington offers advice in the context of a court decision in the RENOS engine room fire insurance claim and highlights its relevance for marine insurers in the UAE and Saudi Arabia.

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As Arctic Ice Vanishes, New Shipping Routes Open

As global warming melts sea ice across the Arctic, shipping routes once thought impossible — including directly over the North Pole — may open up by midcentury. But high costs may keep the new routes from being used right away.

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Piracy spikes shipowners' demand for kidnap and ransom insurance

There is a marked increase in shipowners opting for kidnap and ransom insurance across Southeast Asia and the Gulf of Aden region because of recent attacks on merchant vessels, executives involved in the deals in Europe and Asia said during the recent Sea Asia conference in Singapore.

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Hong Kong insurance sector looks to its future in new report

The Financial Services Development Council (the "Council") issued an important report, titled: "Turning Crisis into Opportunities: Hong Kong as an Insurance Hub with Development Focuses on Reinsurance, Marine and Captive" (the "Report"). The Report aims to promote business in the Hong Kong insurance market with closer cooperation with China, particularly under the One Belt, One Road initiative.

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