Insurance
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Marine underwriters gather in Berlin for IUMI conference
Big Reveal will come on Monday as annual statistics reveal premium volumes broken down by class
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
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
‘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
Updated: New Lloyd’s Open Form default clause published
Drafters hope to reverse declining use of standard salvage contract
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
Expect further rate hikes at 2025 P&I renewal, Gallagher warns
Owners should budget for double whammy, with big increase likely in GXL levy
West poaches Mertens from Gard
New appointee will work alongside predecessor through next renewal round
Claims frequency and costs both up, Nordic statistics show
Big claims catching up after a run of benign years
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
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
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%
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