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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

Outlook: Is shipping coping with the pandemic?

The outlooks, forecasts and predictions for 2020 which were compiled at the end of last year now look like they were made in another age and on another planet. So what has the remainder of this most unusual year got in store for the industry?

Containers Dry Bulk

UK sanctions guidelines said to be ‘misleading and incorrect'

AIS switch-offs and STS are entirely legitimate. Masters of vessels from countries antagonistic to NATO cannot be expected to report suspicious activity to the western military alliance

International Insurance

Japan Club incurs $16m full-year loss

International Group’s only Asian member may have seen claims experience deteriorate, brokers believe

Japan Insurance

International Group combined ratios top 120%

Big gains in free reserves pulled back half of last year’s losses

International Insurance

Marine insurers factor in coronavirus uncertainty

Fewer sailings and slow steaming should mean fewer claims, but drill down and the picture is far more complicated

International Insurance

Marine insurers factor in coronavirus uncertainty

Fewer sailings and slow steaming should mean fewer claims, but drill down and the picture is far complicated than that

International Insurance

Allianz says shipping losses at record low

‘We know from past downturns that crew and maintenance budgets are among the first areas that can be cut. It is crucial that safety and maintenance standards are not impacted by any downturn’ — Rahul Khanna

International Insurance

American Club elevates Dorothea Ioannou

American Club elevates Dorothea Ioannou to deputy chief operating officer. Club’s managing outfit also appoints Molly McCafferty claims director for the Americas

North America United States

American Club backs marine cyber risk training

The American Club and American Bureau of Shipping subsidiary ABS Consulting are to work together on cyber security for the marine mutual’s members

United States Classification

Insurer American Hellenic Hull hits 3,000 ships

The wholly owned unit of American P&I Club said it posted a 52% increase in gross written premiums in the first six months

International Greece

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
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