A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘A’- (Excellent) and the issuer credit ratings of “a-” of Bermuda-based Through Transport Mutual Insurance Association Limited (TTB) and its subsidiary, the UK-based TT Club Mutual …
Dual Dutch-Norwegian listed ocean transport company Dockwise has warned the Netherlands it will sail its vessels under a different flag unless it is allowed private guards to fend off pirates. The company said in a statement on Tuesday it was …
Global warming will likely open up coastal areas in the Arctic to development but close vast regions of the northern interior to forestry and mining by mid-century as ice and frozen soil under temporary winter roads melt, researchers said. Higher …
Third Coast Underwriters, which provides workers’ compensation insurance for underserved markets that have complex risks, is expanding facilities in Louisiana and Texas, and adding the availability of workers’ compensation for oil and gas and United States Longshore and Harbor Workers …
Cooper Gay Swett & Crawford Ltd (CGSC) announced the establishment of a specialist marine insurance broker, Junge Verzekeringsmakelaars NV, in Antwerp. The office is part of Junge & Co, which is affiliated with CGSC. The business will trade as Junge …
Steamship Mutual, a London-based global P&I (Protection & Indemnity) Club, announced that “during the 2010/11 financial year the Club’s underwriting performance has continued to strengthen and it has made good progress towards meeting its financial objectives.” The bulletin noted that …
A bulletin from Marsh’s London office warns that “ship owners are becoming increasingly concerned about the financial consequences of a rise in ship charterers filing for bankruptcy.” The problem prompted marsh to come up with a new product, “Charter Default.” …
Pioneer Underwriting, BMS Group’s recently launched Lloyd’s MGA, announced that Amy Fu joins the team as a Marine Underwriter. BMS launched Lloyd’s Managing General Agent, Pioneer Underwriting, in April 2011 to “underwrite a diverse portfolio of business with an initial …
Leaders of Arctic nations will gather in Greenland this week to chart future cooperation as global warming sets off a race for oil, mineral, fishing and shipping opportunities in the world’s fragile final frontier. U.S. Secretary of State Hillary Clinton …
Maritime security firms have come together to create a code of conduct and ethics, prompted by alarm over the rising number of companies without seaborne experience aiming to cash in on the surge in Somali piracy. Increasingly violent attacks on …
