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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

Marine underwriters gather in Berlin for IUMI conference

Big Reveal will come on Monday as annual statistics reveal premium volumes broken down by class

IUMI Insurance

Default clause should reverse decline in Lloyd’s Open Form use, Lloyd’s Market Association insists

‘Our members really do like Lloyd’s Open Forms, in the right circumstances. It is the best contract when you have got a short time to rescue the vessel … People can just get on with it,’ says Lloyd’s Market Association legal director

Casualty Safety

Seafarer mental health exclusion criteria needs revision as shipowners play it safe

While it is crucial to distinguish between a temporary ‘state’ and a long-term ‘trait’ when assessing seafarers’ mental health for pre-employment medical examinations, identifying mental health-related issues before seafarers board a ship is challenging

Crewing Insurance

‘Very limited’ scope for Red Sea refusals despite Houthi onslaught, Norton Rose Fulbright argues

Attacks on shipping have been going long enough for owners and charterers to know what they are getting into

Red Sea Risk Tankers and Gas
UPDATED

Updated: New Lloyd’s Open Form default clause published

Drafters hope to reverse declining use of standard salvage contract

Insurance Casualty

Baltimore bridge collapse could push up marine reinsurance rates, S&P warns

‘The P&I sector itself is very stable. The question we would have now — and maybe the market would have now — is the return of pool claims,’ argues insurance analyst at ratings agency

Containers Insurance

Expect further rate hikes at 2025 P&I renewal, Gallagher warns

Owners should budget for double whammy, with big increase likely in GXL levy

Containers Insurance

West poaches Mertens from Gard

New appointee will work alongside predecessor through next renewal round

Containers Insurance

Claims frequency and costs both up, Nordic statistics show

Big claims catching up after a run of benign years

Containers Tankers and Gas

Sounion: shipping gets away with it again

Moral culpability for this casualty rests with the damn fools crazy enough deliberately to set a suezmax on fire. But television audiences might not have seen things like that

Lloyd List - The View Casualty

Spyware-on-sea: how insurers can protect maritime infrastructure

Cyber attacks on the global merchant fleet are rising and shipping companies need better defences and bigger insurance policies

Cyber Marine

Lloyd’s underwriting profit climbs 24% in the first half

Specialist market posts underwriting profit of £3.1bn in the first six months of the year as combined ratio improves 1.5 points to 83.7%

Risk and Compliance Insurance
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