Lloyd’s described the opening of its new office in the Dutch port city of Rotterdam as “embracing its marine roots.” They go back over 300 years and Lloyd’s pointed out that it already has a “strong presence in the Netherlands, …
London’s marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa’s third-largest oil producer, a senior market official said on Friday. Libyan rebels vowing “victory or death” advanced towards the major …
Maritime General Agency announced its newly formed business identity, which it said “combines three niche marine insurance underwriting facilities: Maritime Program Group; Maritime General Agency, Marine MGA, and Windward Marine Underwriters – into one powerful managing general agency.” The bulletin …
A report from Aon Risk Solutions, the global risk management business of Aon, concludes that Protection and Indemnity (P&I) Clubs are experiencing a “continued improvement in claims trends, and a restored investment performance.” As a result, “ship-owners face the prospect …
Somali piracy is worsening by the week and governments lack the political will to tackle the crisis, which is threatening world trade routes, shipping industry officials said on Friday. Shippers have warned that more than 40 percent of the world’s …
NATO says that a Danish warship has freed a hijacked fishing vessel and arrested 16 suspected Somali pirates. Sunday’s press release says the HDMS Esbern Snare stopped a suspicious vessel with two skiffs on deck. The warship fired warning shots …
“The outlook for the international marine protection & indemnity (P&I) industry is looking stable, with all clubs in 2010 reporting a post-tax surplus for the first time since 1998,” said a bulletin from Standard & Poor’s Ratings Services. It also …
Installing sharpshooters on oil tankers to fight off pirates as some shippers have suggested risks provoking more aggressive attacks, a senior executive at reinsurer Munich Re warned. Shipping firms are debating adding snipers and other armed teams costing up to …
Dallas-based RISC Inc. has added Joe de Poo as vice president in its Transportation Department. De Poo has more than 25 years of insurance industry experience, most of which has been dedicated to Commercial Transportation. He began his insurance career …
“Hey, Honda Civic, my friend, stay in your lane. This is a friendly message from the Ford Focus to your right.” “Well hello there, Ms. Lexus. How about letting up on the gas a bit? It’s dark and the roads …
