International Group News

UAE to Tighten Insurance Cover for Ships Flying its Flag

The United Arab Emirates is tightening insurance requirements for vessels registered under its flag, according to a government advisory, amid growing concerns over ships sailing without top tier cover in the event of an oil spill. Ships typically have protection …

Hong Kong-Based Latitude Brokers Launches P&I Club Comparison Tool

Latitude Brokers, the Asia-based marine insurance specialist, has launched PILOT, an online protection & indemnity (P&I) club comparison tool. In time for the 2017 P&I renewal season, PILOT distills critical information for each club in the International Group (IG) “into …

Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B

Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of international …