Insurance

  • Collateral lies

    Recently a marine test case at the UK’s Supreme Court (Versloot v HDI Gerling) ruled that so called ‘collateral lies’ were no longer grounds in themselves for a whole insurance claim to be thrown out.

  • Marine economy calls for insurance support

    Marine economy is a typical industry of high investment and risk. As China's marine economy rapidly develops, the impact of uncertainty resulting from all kinds of marine risks, marine disaster for instance, on development of marine economy is increasingly highlighted. How to effectively relieve risks becomes the key to booming development of China's marine economy.

  • Double news from Macduff

    Two news items from Macduff Ship Design Ltd are reporting delivery of a shallow draught ASD tug to Turkey and establishment of a new marine surveying branch to fill a gap of such skills in north east Scotland.

  • Expanded Panama Canal Seen Greatly Increasing...

    Ahead of the official opening of the $5.25bn expanded Panama Canal this Sunday, the insurance industry is preparing itself for a big hike in risk from the increase in the value of insured goods as a consequence of the larger ships that will be transiting the waterway.

  • Maritime brokers group welcomes MacDougall’s...

    The Independent Insurance Brokers Inc.’s (IIBI) newest member is MacDougall’s Insurance, a family-operated insurance brokerage that has operated in Cape Breton since 1930, a move that extends IIBI’s reach to Cape Breton Island for the first time.
     

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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.

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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.

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P&I Clubs Renew Coverage for Iranian Shipping

Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the lifting of international sanctions.

English

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