Munich Re Stops Insuring Nord Stream 2 Pipeline on Fears of U.S. Sanctions February 23, 2021 A subsidiary of Germany’s Munich Re will no longer insure the Nord Stream 2 pipeline from Russia to Europe amid...
EasySend and Sompo Japan Join Forces to Improve Customer Experience January 22, 2021 By Kelly De La Mora Sompo Japan plans to use EasySend’s no-code development platform to power its marine insurance accident notification system Tel Aviv, Israel,...
Future of Russia’s Nord Stream 2 Pipeline Looks Increasingly Uncertain January 20, 2021 By Jeremy Hodges and Vanessa Dezem The future of Nord Stream 2 looks increasingly uncertain as the U.S. ramped up pressure on the project with new...
World’s Biggest Shipping Line Demands Action Against Piracy Surge Off West Africa January 19, 2021 By William Clowes The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the...
Marine Insurers Set to Raise Rates After Red Sea Attacks on Merchant Ships January 13, 2021 By Jonathan Saul LONDON – Insurers are set to raise the cost of providing cover for merchant ships through the Red Sea after...
Nexus Completes Acquisition of Hiscox MGA Marine Business January 4, 2021 Independent specialty managing general agent (MGA) Nexus Group announced it completed the acquisition of the Hiscox MGA Marine business (HMM)...
2019 Mississippi River Tanker Accident Caused by Poor Management, Miscommunication December 22, 2020 A fully loaded tanker on the Mississippi River near Reserve, La., caused $40.5 million in damage when it plowed into...
COVID-19 Fuels Abandonment of Ships – and Their Cargoes and Crews December 18, 2020 By K. Oanh Ha and Bruce Stanley From the deck of their tanker, Captain Samig Nabiyev and his crew could see the smoke and fire rising over...
‘Urgent Action’ Needed to Help Stranded Sailors and Avoid Supply-Chain Risks December 10, 2020 By Alastair Marsh Fidelity International is calling for urgent action to address the humanitarian crisis and supply-chain risks caused by the more than...
Victor Insurance Appoints Former RSA Executive Turner as International Head of Marine December 4, 2020 Victor Insurance, the world’s largest managing general underwriter (MGU), announced the appointment of Richard Turner as international head of Marine,...