Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as quickly as Tehran has wanted. A nuclear deal …
RSA, one of the largest UK marine insurers, has appointed Calvin Gray to the newly created role of marine sales and broker manager, London market and Europe. Reporting to Richard Turner, marine director, Gray will be responsible for driving sales …
Specialist marine insurance intermediary, Seacurus, has developed a petro-piracy endorsement which can be added to existing kidnap & ransom (KR) insurance cover. The coverage was developed in response to the evolving threats to ships, their cargoes and crews when transiting …
Attempts are being made near the United Arab Emirates’ coast to disguise oil from Iran so that it can be sold to countries that are blocked by the U.S. from purchasing such shipments, global ship insurers said. “In recent weeks …
XL Group plc’s North American marine business is expanding its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as a senior claims consultant. Coen …
Hull & Company has now opened a new marine department at its Stockton, Calif. location and has appointed marine risk specialist Quincy M. Schmit as commercial lines marine broker. The Stockton marine department will offer full access to competitive markets …
Pirates have attacked a ship off the coast of Nigeria for the second time in as many days, but the attackers were thwarted in the latest incident by a quick-acting crew, an international maritime watchdog said Thursday. The pirates opened …
Banking transactions with Iran and financing for its oil shipments could come under tougher scrutiny after a bipartisan sanctions bill easily passed a key U.S. Senate Committee on Thursday. The Senate Banking Committee passed a bill that lawmakers hope will …
