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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

Poseidon Principles adds 30th signatory

KfW IPEX-Bank joins the coalition of financial institutions and marine insurers as chairs announce more ambitious emission targets and expect more announcements from the industry

International Sustainability

Daily Briefing September 23 2022

Zero-emissions shipping goals for 2030 ‘partially on track’ | Poseidon Principles endorse tougher shipping emission targets | Meeting obligations on ESG is good business

Daily Briefing International

Meeting obligations on ESG ‘is good business’

Shipowners must already produce the data needed for the Poseidon Principles of Marine Insurance for IMO purposes. But calculating a vessel’s carbon intensity and portfolio alignment can still be challenging

International Insurance

IUMI elects Frédéric Denèfle as president

Being president of the International Union of Marine Insurance gives the holder the ability to release all kinds of messages and statements, says new head of trade association

International Insurance

New cargo risks are loss-prevention headache for marine insurers

‘There is no efficient way to fight the fire. You can’t reach the cars, and it’s impossible to pump water to it most of the time,’ expert tells IUMI 

International Insurance

Ukraine crew evacuations were moral dilemma for owners

Marine insurers discuss Russian incursion as part of Chicago gathering, with some analysts now predicting defeat for invaders in matter of weeks

International Russian Federation

Marine insurers ‘in the dark’ over Russian oil cap details

The leap in aggregate gross calls reflects harder market conditions and a concern over cover. However, the question of adequacy is a matter for individual affiliates

International Insurance

Daily Briefing September 21 2022

Marine insurance premiums seeing healthy growth amid uncertainties | Marine insurers avoid substantial Ukraine CTL payouts so far | Investment in LNG could result in close to $1trn of stranded assets by 2030

Daily Briefing International

Substantial Ukraine constructive total loss payouts avoided so far

HFW lawyer believes some ships released under blue corridor scheme and others could follow suit in coming period

International Insurance

Marine insurance premiums seeing healthy growth amid uncertainties

Cefor actuary Astrid Seltmann tells the International Union of Marine Insurance conference that 2021 was positive for underwriters, but warns of potential downsides including the Ukraine situation, energy costs, inflation and a likely slowdown in world trade growth

International Insurance

Ocean hull outlook for 2022 is ‘worrying’

Overall capacity unchanged in most hull markets, although some fresh capacity added in the UK and Latin America last year, IUMI chair tells annual conference

International Insurance

IUMI to launch first strategic review in a decade

‘We will need to evolve to stay relevant to the sector we represent. So we decided to start having a conversation about the future,’ says outgoing president

International Insurance
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