Shipping Losses at Record Lows, but COVID-19 Impact Could Threaten Safety: Allianz July 16, 2020 Large shipping losses dropped by 20% last year, in a continuation of decade-long trend when losses declined by almost 70%,...
West African Coast Re-Emerges as Hotspot for Piracy, Kidnappings: Allianz July 15, 2020 By Elisha Bala-Gbogbo The West African coast has overtaken Southeast Asia as the worst area for piracy and kidnappings reported at sea last...
Brit Global Specialty USA Transfers Renewal Rights for Cargo Business to Falvey Cargo June 29, 2020 Brit Global Specialty USA will transfer the renewal rights for its cargo business to Falvey Cargo Underwriting, effective July 2....
Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes June 29, 2020 By Mike Corder A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping...
Some Facts About London’s Role in Insuring the Slave Trade June 19, 2020 By Guy Faulconbridge London is facing up to its role in insuring the slave trade as part of a sweeping global reassessment of...
Munich Re Syndicate Taps McAdams from AXA XL as Head of Marine June 18, 2020 Rob McAdams will be joining the Munich Re Syndicate as head of Marine. Based in London, he will oversee the...
Sailors Stranded by COVID Restrictions Could Refuse to Work, Causing Trade Disruption June 17, 2020 By Elena Becatoros Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further...
New Marine Cyber Specialist Astaara Gets Investment from West of England P&I Club June 17, 2020 Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England...
New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks June 12, 2020 A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats...
IGI Launches Marine Trades Insurance Product in UK June 2, 2020 International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across...