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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

Steamship reports renewal gain as UK Club books ‘small reduction’

Head of underwriting hails overseas offices for important role in winning new business

International Insurance

Evergreen wins pivotal collision regulations case in Supreme Court

‘It’s the first judgment we’ve had in over 40 years on the collision regulations, and it really goes to town on how to interpret the regulations as they apply to all ships, not just big ones’ — barrister

International United Kingdom

Skuld joins Gard among big winners from renewal round

‘Albeit working remotely and fully digitally our members and clients have coped extremely well with the situation,’ says Ståle Hansen

International Insurance

Gard is early renewal round winner, as North admits tonnage loss

‘We saw many owners shifting more, or all, of their fleet to Gard,’ says chief underwriting officer Bjornar Andresen

International Norway

Marine mutuals must consolidate to thrive in trying times

With the renewals season drawing to a close, it is a timely moment to reflect on some of the challenges and opportunities the future will bring to the P&I sector

International Insurance

Club hopping not happening as renewal round closes

‘Based on what I’m seeing and hearing in the market, the number of owners actually changing clubs this year is less than what ordinarily might have been the case in years gone by,’ says Skuld’s Gregory Thomas

International Insurance

The Lloyd’s List Podcast: Everything you always wanted to know about P&I, but were afraid to ask

Ahead of the P&I renewals deadline we have been speaking to both sides of the annual battle. Clubs are seeking sharp increases in prices, while shipowners are trying their best not to end up paying more, sending their insurance brokers into bat to keep those rate hikes down. So who’s winning? This week we talk to: David Mahoney of Aon, Stephen Hawke of Ferrari, Gard’s chief underwriting officer Bjornar Andresen and Skuld’s executive vice-president Gregory Thomas.

Lloyd's List The Shipping Podcast Insurance

‘Renewal of consolidation’ for Gard

‘We have a very strong renewal. It is a renewal of consolidation, that’s probably the theme this year. Some shipowners have more than one club, and they are consolidating the fleet into fewer insurers,’ argues Bjornar Andresen

International Insurance

Clubs go easy on worst-hit shipping sectors in tough renewal round

‘It’s all well and good saying, we need 5%, but what are people paying to start with? Five per cent on $50,000 is not the same as on $100,000,’ argues Aon’s David Mahoney

International Insurance

InceMaritime adds tech to legal and consultancy expertise

US-based Mission Secure has linked up with InceMaritime to provide cyber threat hunting and incident response to Ince’s clients. This will be followed by sanctions due diligence using machine learning.

United Kingdom Law

P&I clubs ‘getting big rate rises’ as renewal deadline looms

‘I’m told by my underwriting people that we are getting what we want, largely. I think we’re doing it, I don’t get the impression that we’re not,’ says American Club chief executive Joe Hughes

International Insurance

Renewal round ‘not genuine hard market,’ says broker

Two top marine insurance brokers offer differing assessments on whether owners are caving in to club rate hikes, as P&I year enters final week

International Insurance
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