Insurance
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West results ‘exceed expectations’ after de-risking cull
Reduced payouts appear to validate controversial decision to say goodbye to members with worst loss records
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
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
WTW launches Markel-led Ukraine cargo insurance facility
Scheme to operate in partnership with Ukrainian insurer VUSO
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
Swedish Club back in black
Managing director Thomas Nordberg ‘quietly pleased’ with performance and looking to regain its A rating with Standard & Poor’s
Gooch steps down at London P&I Club
‘Time is right to step aside,’ says chief executive
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
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
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
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
‘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
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