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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

Salvors warn of more maritime disasters if LOF dropped

Marine salvors’ body argues that contract’s fairness and integrity is irreplaceable as Lloyd’s pledges to ‘actively engage’ with market for a further month before making final decision on fate of its salvage branch, which provides the support framework for LOF

International Insurance

China looks to Iran for secure oil supply

It’s still far from a done deal. Yet if it does come off, it will mark a decent boost to tonne-mile demand for tanker operators in a political position to accept the stems. That won’t be most

Iran China

UK government urged to step in as furore builds over LOF threat

Lloyd’s faces negative reaction to proposed closure of LOF’s supporting framework as concern over safety, the environment and London’s reputation spill over

United Kingdom Lloyds of London

Egyptian court rejects Ever Given arrest appeal

Tailback ships remained on-hire, while routing round the Cape of Good Hope did constitute deviation and charterers will have no right to laycan damages, according to preliminary analysis from law firm

Egypt Crewing

The Lloyd’s List Podcast: How will the Suez blockage impact marine insurance?

Lloyd’s List is teaming up with its sister publication Insurance Day this week for our first joint edition of the Podcast looking at the insurance implications and scenarios in the wake of the Ever Given casualty in the Suez Canal. Jonathan Humm, who leads the marine hull team at Aegis London, and Stephen Hawke, managing director of PL Ferrari, the P&I specialist broker, join the discussions this week as we examine the marine insurance fallout from shipping biggest traffic jam

Egypt Containers

Lloyd’s mulls axing support for LOF salvage contract

Already weakened by animosity from quarters of the marine insurance sector, the world’s foremost salvage contract could be facing the final blow if Lloyd’s proceeds with its proposed closure of the SAB, which provides the contract’s support framework

International Insurance

Ever Given owners seek to cap Suez limitable claims at $115m

Big question is whether limitation will provide protection from vast number of claims expected after casualty, including billion-dollar compensation bid from Suez Canal Authority

Egypt Containers

Ever Given owners appeal arrest as clubs brace for reinsurance hit

‘It is certainly not our understanding that this is going to be a catastrophe. The P&I elements are substantial but not ridiculous, so from our perspective, it is a manageable pool claim,’ insists International Group chief executive

International Egypt

Shipowners’ Club stays in red despite improved performance

‘We have had to adapt to an extraordinary working culture, alien to a club which has been built on strong personal and face to face relationships with members, brokers, correspondents, reinsurers and all other stakeholders,’ says chairman Philip Orme

International Insurance

ITF demands Ever Given seafarers be allowed off ship

‘We are pleased to inform the world that the crew of the Ever Given is in good spirits, and doing well,’ says ITF regional official Mohamed Arrachedi

Egypt Containers

Suez Canal releases two Ever Given seafarers

Investigations into casualty are proceeding as negotiations with owners and insurers regarding $1bn compensation continue, according to Osama Rabie

Egypt Crewing

Data shows five clubs lost tonnage at renewal round

‘Overall tone of nearly half of the commentary published by clubs this year was less upbeat than in previous years, raising the possibility the market is now, or will soon be, bifurcated,’ says P&I specialist

International Insurance
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