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Insurance

Keep informed with daily analysis and insight into shipping insurance to reduce risk, support reinsurance decisions, manage investments and identify exposure within the maritime industry

West results ‘exceed expectations’ after de-risking cull

Reduced payouts appear to validate controversial decision to say goodbye to members with worst loss records

Insurance London

Re/insurers indicate manageable Baltimore bridge loss

The Francis Scott Key Bridge incident is expected to be the largest marine loss in history, but re/insurers are guiding to losses from the Baltimore bridge collapse being within expectations

Casualty Containers

Markel committed to Black Sea and Red Sea hull and cargo war markets

Philosophy is to act as lead wherever possible, director of marine confirms

Ukraine crisis Insurance

WTW launches Markel-led Ukraine cargo insurance facility

Scheme to operate in partnership with Ukrainian insurer VUSO

Ukraine crisis Insurance

Ships should not be attacked on the basis of an owner’s passport

The Houthis have no business launching missiles at ships at all, let alone singling out Mediterranean Shipping Co because one of its shareholders is an Israeli national

Lloyd List - The View Containers

Swedish Club back in black

Managing director Thomas Nordberg ‘quietly pleased’ with performance and looking to regain its A rating with Standard & Poor’s

Insurance Sweden

Gooch steps down at London P&I Club

‘Time is right to step aside,’ says chief executive

Insurance People

Baltimore casualty may top pool scheme coverage limit, Gallagher warns

Next year’s P&I general increases expected in line with inflation, but Dali incident could have lasting impact on reinsurance levy

Containers Casualty

The International Group is right. The Russia oil price cap is unenforceable

The onus to sort this mess out rests with the politicians, not marine insurers. Given the inordinate amount of time the US Congress took just to agree Kyiv’s request for more shells, hopes can sadly not be high

Lloyd List - The View Tankers and Gas

Parallel fleet of dark tankers shipped just over half of Russian oil in April setting fresh record

Sixty-four percent of tankers calling at the Federation’s ports in April, measured by deadweight, had no known P&I insurance

Sanctions Tankers and Gas

X-Press Pearl arbitration must be heard in London not Sri Lanka, high court rules

Claimants bound by terms of insurance contract and ‘pay to be paid’ clause applies, Mr Justice Bright finds

Casualty Insurance

‘Leaky’ Russia oil price cap being ‘breached left and right’, UK parliamentary inquiry told

The Treasury Select Committee, investigating whether Russian sanctions are working, was told of the parallel fleet operating outside G7 countries’ control to ship Russia’s crude and evade sanctions

Sanctions Tankers and Gas
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