• Shippers unlikely to see lower insurance premiums...

    Shipowners and charterers carrying commodities in the Indian Ocean are unlikely to see lower insurance premiums in the near term despite industry bodies’ decision to remove the region’s High Risk Area, or HRA, status, several maritime executives said Aug. 23.

  • Fears Persist of Bunker Fuel Contamination in...

    Concerns are being raised over a rising number of cases of contaminated bunker fuel in Rotterdam and Amsterdam, two of Europe’s leading ports. The UK P&I Club has issued a follow-up warning after two independent testing labs warned for much of July that there were cases of elevated levels of contaminants in samples of bunker fuel coming for the region around the Dutch ports as well as possibly in Belgium.

  • International Institute for Marine Insurance...

    The International Institute for Marine Insurance Studies (IIMIS) will present the Certified Marine Insurance Professional (CMIP) seminar on Insuring Marine Employees at the Sheraton San Diego Hotel & Marina October 26 -27.

  • TT Club announces new CFO appointment

    With effect from 1 August 2022, EeLain Ong has taken over as Chief Financial Officer (CFO) of international freight transport and logistics insurer TT Club. Appointed in April 2022, Ong has shadowed the outgoing CFO Julian Chowdhury in his position for the intervening months prior to his retirement.

  • The Swedish Club Opens Singapore Office

    The Swedish Club is delighted to announce the opening of a new office in Singapore. Following 150 years in business and more than 50 years of international development, this move acknowledges the importance of the growing markets in Asia and the Club’s commitment to serving its members locally.

  • Britannia P&I publishes sustainability...

    Since publishing its inaugural sustainability report in 2021, several major events have impacted on Britannia’s Environmental, Social and Governance (ESG) strategy including the COVID-19 pandemic and ongoing war in Ukraine, as well as new maritime environmental legislation. This new report demonstrates, in light of these events, the positive actions that Britannia has taken in 2021 and 2022 to date and those it is committing to in the future.


IUMI reports rising cargo insurance premiums

The International Union of Marine Insurance (IUMI) reports an increase in the 2021 cargo insurance premium base (from 2020) of 8% to USD 18.9 billion alongside an improvement in overall loss ratios.


Marine insurance adapting to a world in transition, says IUMI President

Opening this year’s IUMI (International Union of Marine Insurance) annual conference in Chicago, President Richard Turner introduced “Adapting to a World in Transition” as this year’s conference theme, highlighting the impact of climate, asset, macroeconomic and geopolitical changes on marine insurers, the clients they support and IUMI itself.