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Insurance

Keep informed with daily analysis and insight into shipping insurance to reduce risk, support reinsurance decisions, manage investments and identify exposure within the maritime industry

Ruling expected to bring greater transparency in London arbitration

‘The decision, which was anticipated with trepidation in some circles, will in fact strengthen the commanding position and reputation of London arbitration, and of London maritime arbitration in particular’ — LMAA president Bruce Harrison

London Insurance

Landmark ruling has implications for arbitration disclosure

The court decision inHalliburton Company v Chubb Bermuda Insurance has major implications for the London maritime arbitration sector, say legal experts 

London Insurance

Lloyd’s marine insurers must meet ‘bare minimum’ rate increases

Rate increases of at least 8% required for players to ‘look good’ next year, Munch Re Syndicate underwriting chief says

Lloyds Marine

Shipping’s cyber readiness mixed ahead of IMO deadline

High-profile cyber attacks and the impending IMO 2021 requirement for shipping to get its digital house in order have sent shipowners searching for off-the-shelf solutions. But meeting the challenge is more complex, according to a recent industry discussion

International Insurance

London Club seeks double-digit rate hikes for P&I and FD&D

Move puts A Bilbrough-managed club at the upper end of rises so far announced for the 2020-21 policy year

International London

Marine insurance outlook in two words — more expensive

Given a spate of pool claims, reduced capacity at Lloyd’s and higher reinsurance costs, insureds will have to put their hands in their pockets next year

International Insurance

More P&I clubs weigh in with general increases

The majority of International Group clubs have now declared their hands and will be expecting higher premiums at the next renewal round

International Insurance

Swedish Club issues warning for 2021 hull and machinery pricing

‘Going forward, the club will therefore continue to focus on aligning premium levels, on a case by case basis, across all classes in order to secure a balance in the marine portfolio,’ says Scandinavian insurer

International Sweden

Cargo and marine hull face turning tide in hard market

The pandemic and subsequent economic crisis, as well as natural catastrophe losses, have added to the pressure on the market

International Insurance

UK Club announces 10% rate hike

‘Even those members operating without claims in recent years remain exposed to the unexpected large losses,’ International Group affiliate says in circular

International Insurance

Singapore to pilot common data infrastructure for supply chain

AfA aims to set up a digital utility to facilitate data sharing and enable businesses to easily connect to the infrastructure. The pilot will start with efforts to develop two solutions to strengthen trade finance and to help container flow node decongestion

Singapore Containers

Gard to hike premium volume by up to 5%

‘The main driver is a relatively limited number of large claims from the International Group pool,’ says head of Norwegian marine mutual

International Insurance
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