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West of England says diversification strategy is ‘all for now’

‘We don’t think reinventing the wheel and trying to compete in established sectors of the market is the way to go’— Tom Bowsher

United Kingdom Insurance

Uncertainty over Iran gasoline export ships

‘Most shipowners have long since decided that Iran is an area they don’t want to be involved in. And if the trade is sanctionable or unlawful, we’re not going to go anywhere near it, either,’ says P&I lawyer

Iran Law

Höegh Xiamen declared a ‘total loss’ after fire

Car carrier is declared a constructive total loss following a fire on board the vessel last month at the Port of Jacksonville. The vessel was on charter from Ocean Yield

Norway Insurance

Cargo market introduces modern slavery clause

Slavery ‘is real and present in all societies and we want to do our part to root it out,’ says Fidelis

International Insurance

P&I Clubs: Practising synergy like it's 1899

‘We are able to go to other industry organisations and say, we’re not North, we’re not Gard, we’re not UK Club, we are the International Group. When that’s said, people listen a little bit more,’ argues Nick Shaw

International Insurance

Swedish Club defends 5% general increase

‘Claims have cost about 2% more with claims inflation, and if you don’t keep abreast with that, you will have less premium adequacy,’ argues Lars Rhodin

Sweden Insurance

London P&I back to black on higher premiums

London P&I Club anounces operating surplus and an increase in free reserves over the past financial year 

Europe United Kingdom

Thomas Miller appoints shipping veteran as Hamburg chief

Predecessor leaves to pursue other interests

Germany Finance

Fire on car carrier risks being a major claim

No serious damage to vessel structure or pollution reported, but personal injury claims could be substantial once liability is established

Norway United States

Industry backs moves for better dry bulk safety standards

The draft comes as figures show more than 170 seafarers perished on board ships in the past decade. RightShip’s standard is not the only project under development, although it is closest to fruition

Dry Bulk Safety

Panama-flagged LPG carriers investigated for Iran shipments

The eight vessels have been tracked shipping liquefied petroleum gas to China and India during the past year. Five under investigation have reflagged to Panama after being deregistered by Liberia

North America Panama

Ask the Analyst: Benchmarking vessel risk

Building a picture of fleet risk and vessel behaviour is important not only to the insurance industry and underwriters, but also to legislators, charterers, shippers, traders and the trade finance community

Lloyds List magazine Insurance
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