• Steamship Mutual: Management Succession...

    The Managers are pleased to provide advance notice of the succession arrangements that are intended (subject to the necessary regulatory approvals) following the planned retirements of three senior members of the management team with effect from 20 February 2023.


  • Cambiaso Risso commits to supporting the Poseidon...

    The Poseidon Principles for Marine Insurance establish a common global framework for aligning marine insurance portfolios with society’s goals. Through their actionable methodology, the Principles enable insurers to quantitatively assess the carbon footprint of their underwriting portfolios and track progress against targets. Signatory insurers commit to publicly disclosing their climate alignment scores, thus promoting accountability and incentivizing the maritime industry’s transition to a more sustainable future.

  • BARBUSS acquires ZASS from Thomas Miller Germany

    Thomas Miller Insurance Germany (TMIG) has entered into an agreement to sell its German-based claims recovery business of ZASS International GmbH to BARBUSS. BARBUSS is a global team operating in 14 countries that improves results for clients in the (re)insurance and international trade industries, focusing on effective management of claims recoveries. The acquisition of ZASS` business bolsters its strong presence in Germany and will help expand its operations in European insurance claims recovery. The sale will not have any effect on existing operations in the region for Thomas Miller. Hamburg remains a key focal point of Thomas Miller’s strategic operations in Europe.


  • Redkik is set to overhaul how marine cargo...

    Redkik, a global software company with the mission to simplify and improve the cargo insurance industry with technology, today announced a strategic partnership with Howden Insurance Brokers AB, a leading provider of insurance brokerage and risk consulting. The partnership aims to transform insurance provision for the logistics and transportation industry with a quick, straightforward and compliant digital solution.


  • Ukraine guarantees insurance payouts for vessels...

    Ukraine, a major producer of grain, oilseeds and steel products, will guarantee insurance payments to cargo vessels damaged in hostilities on its stretch of the Danube, according to the government decision published on Friday.


  • USCG reports another fire in misdeclared...

    Members are advised that the US Coast Guard has recently reported another fire in a misdeclared container of scrapped lithium-ion batteries. On 4 March 2022, LA / Long Beach Coast Guard received a report of a shipping container on fire at the San Pedro Bay port complex at LA/Long Beach. The box was due to be loaded on a vessel sailing for China and was waiting on the quay. After a grueling fire-fighting operation which involved 40 fire firefighters from the LA fire department it was noted that the container was misdeclared and whilst the bills of lading indicated that the container was carrying ‘synthetic resins’ a non-hazardous material, the container in reality held used lithium-ion batteries, which are hazardous materials with a high propensity for fire.


  • Joe Hughes to Stand Down as CEO of Managers of...

    After 27 years’ service as Chief Executive Officer of Shipowners Claims Bureau, Inc. (SCB), the Managers of the American P&I Club, Joe Hughes will stand down from that role on August 1, 2022. Dorothea Ioannou, currently Deputy Chief Operating Officer of SCB, will succeed Mr. Hughes as CEO from that date, making history as the first woman to ascend to the top executive position of an International Group P&I club in the 167 year history of the marine mutuals.


  • North P&I and Standard Club announce merger...

    Combination would establish a global marine insurer positioned to thrive in the face of current and emerging challenges and opportunities posed by digitalisation, recruitment, regulation and sustainability.



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.


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.


New Maritime law fails to excite re-insurance firms

Reinsurance companies say they have little to smile about in the wake of the new marine insurance law. This is because the law, contained in Section 20 of the Insurance Act that makes it mandatory for local cargo importers to insure their goods with local insurance companies, has no provision compelling firms to re-insure marine cargo with local reinsurance companies.


Autonomous ship regulation ‘a bigger challenge than the technology’

Likely upcoming remote-controlled vessels and Maritime Autonomous Surface Ships (MASS) will force all members of the maritime sector and maritime nations to cooperate in ensuring a regulatory regime is in place that covers unmanned ships, according to a gathering at the Insurance institute of London (IIL) covered by Insurance Marine News.