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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

Insurance sector warns retailer charters may bust cargo cover limits

‘If you charter your own ship and fill it up with your own stuff, you are going to smash through your per shipment limit … You are going to be exposed, if that ship sinks, to all your stuff going down,’ argues firm’s senior vice-president

International Containers

Boxship charterers need to ensure all contracts work together

‘With the right contracts in place, but more importantly, with the correct information and documents being produced at the right point in time, the majority of catastrophic type claims can be avoided or the effects mitigated,’ says HFW partner

International Containers

Liabilities could break retailers that charter boxships, experts warn

‘If the port where the goods are to be discharged is suffering chronic delays — whether due to the pandemic or any other reason — the chartered vessel may be stuck outside the port, along with others’ — insurer

International North America

P&I insurers feel impact of pool pressure

Elevated combined ratios look like being the norm across the International Group for some time yet, as payouts and expenses continue comfortably to top premium income

Europe Sweden

The Lloyd’s List Podcast: LISW and IUMI key takeaways in under 15 minutes

This week we dissect the key takeaways from London International Shipping Week and IUMI, covering everything from the environmental debates as industry and politicians jostle for position in advance of COP26, the rising dominance of Chinese marine insurance, and why the UK shipping minister may need to offer more than tales of his teenage bedroom wall to win round the shipping industry

Lloyd's List The Shipping Podcast LISW

IUMI 2021: Marine insurance recovering nicely

Europe hangs on to largest market share, but watch for the steady rise of marine insurance with Chinese characteristics

International Insurance

I don’t want to rock IG: Hugo Wynn-Williams bows out

‘Mutuality works, provided it continues to adapt and modernise. When your business is owned by the insureds, you learn a great deal about what makes them tick,’ says sector leader as he contemplates semi-retirement

London United Kingdom

Marine insurance weighs up risks in ESG drive

Marine insurance industry seeks collaboration with all stakeholders to better understand what’s at stake when it comes to new fuel technology

LISW London

Each lost container costs logistics industry $100,000

Backbone of increased transparency and visibility is proper data management and proper data analytic, conference told

International Containers

Unfit packaging said to cause half of all cargo damage

‘It is almost indispensable for cargo insurers, prior to offering cover to new clients, to take a close look at the transport packaging of the shipping unit, and to check the general suitability of the packaging in advance,’ expert tells IUMI

International Insurance

Chinese counter-sanctions seen as shipping's next big risk

Rising tension between the US and China could again place international shipping at the apex of extra-territorial sanctions and conflict between the two countries

China Sanctions

Trained crew best defence against hackers of shipboard system

‘It’s people, people, people — 95% of cyber incidents are on account of people not doing the right thing, not following the correct procedure’

Insurance International
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