P&I Clubs argue that meeting Turkish requirements on insurance cover would land them in breach of sanction regulations
The looming merger of North P&I Club and The Standard Club is expected to yield significant benefits for members
Last year characterised by tentative recovery in global trade, rise in absolute premium volumes, and improved loss ratios across all main classes
Move designed to strengthen two of club’s key Asia offices
Basic hull and machinery rates are hardening. However, it is wrong to describe current situation as ‘hard market’ in the proper sense of the term, says Mike Ingham of Gallagher
Financial strength rating held at BBB, among lowest in the International Group
All but one of the 13 International Group affiliates have unveiled intentions
Marine insurance has been well to the fore in 2022, providing war risk cover for both ships and cargo carrying vitally needed grain from Ukraine to markets in the developing world, as well as day-in, day-out P&I and H&M policies
Ms Ioannou has taken on the top job at The American Club during a time of challenges for the sector
Many shipowners are well placed to pay in the light of the current upturns in many segments. Upfront payment is probably the best available mitigation strategy, says broker
Gard will assess risks inherent in the centre’s pilot projects and provide insurance coverage for the schemes
Tight ship schedules result in commercial pressure on both ship and pilot
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