London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of history and racism. This reappraisal was triggered by the death of George Floyd, a black man who died after a …
Rob McAdams will be joining the Munich Re Syndicate as head of Marine. Based in London, he will oversee the global syndicate’s marine portfolio and help drive the underwriting business across cargo, fine art & specie, hull, yacht, and war, …
Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further extend their contracts and stop working, potentially disrupting global trade, the International Transport Workers’ Federation said late Monday [June 15]. …
Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England P&I Club. Astaara is a new company, focused on risk management and loss prevention, which has developed a marine cyber …
A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work with shipowners and ports operators to decrease their vulnerability to …
International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across the UK. The addition of the Marine Trades product complements the company’s existing Ports & Terminals and Marine Liability portfolios. …
Panama’s Maritime Authority said it will impose sanctions on vessels, including fines of up to $10,000 and withdrawing its flag from the ship, if they deliberately deactivate, tamper or alter the operation of their tracking transponders. “This General Directorate of …
Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical visits to check for seaworthiness tougher and a slump in fuel demand increases the need for ships as storage. Oil …
Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The new product addresses the growing need for an explicit marine cyber solution, built from the ground up to specifically address …
EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division. Lane is joined by Dominic Toogood and Gary Moore. All three joined on May 1 and initially will report to …
