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Marine Insurance

Marine insurance is experiencing a period of rapid change, with a prolonged struggle to deliver underwriting profit forcing companies to reevaluate their proposition and the need to modernise. The class of business on which Lloyd’s was founded, the marine market is now navigating through a transitional period as it embraces technological reform and looks to rebuild its profit margin against a challenging operational backdrop.

Marine

Marine insurers face renewed European sanctions on Iran

Invocation of nuclear pact ‘snapback’ will leave already complicated picture even more muddled, underwriters fear

Specialty Marine

Clauses paramount nearly always favour owners: NorthStandard

Inclusion will extend range of defences available, marine giant’s head of claims argues, as issue back in news following recent High Court ruling

United Kingdom London

Norway to begin checking tanker insurance

Move follows Nordic neighbours Sweden, Denmark and Finland, and means most of the Baltic/North Sea route will now be subject to insurance checks

Norway Marine

World’s biggest shipowner files for limitation on India spill payout

The Indian government is seeking $1bn compensation for the incident

India Losses

Egypt urges marine underwriters to cut ‘elevated’ Red Sea premiums

The plea comes after a sharp fall in transits in wake of Houthi attacks

International Egypt

Geopolitics and fires test soft H&M market

Insurers face growing geopolitical and operational risks despite competitive conditions in the hull and machinery market, broker says

Marine Geopolitics

P&I rates expected to rise next renewals: Gallagher

Ample reserves provide P&I clubs with cushion

International Specialty

UK Club launches fixed premium cover for smaller craft

The move follows the integration of former Thomas Miller Speciality Marine unit into the UK Club

Marine Specialty

Amphitrite goes independent with share buy back

Arch will remain a long-term capacity provider, the MGA said

London Specialty

Crushing by cargo biggest cause of dockworker deaths

International Cargo Handling Coordination Association recommendations include retesting existing management controls for focus, completeness and robustness

International Marine

QBE launches marine business in the Netherlands

QBE has been expanding in Europe for several years

Europe Netherlands

Greek shipowner scores legal victory over Allianz

Delos has won its case against Allianz to clarify the meaning of both the American Hull Clauses and UK’s Insurance Act 2015

Indonesia United Kingdom
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