Marine mutuals set to put buybacks in place by Sunday

Simon Lockwood, the head of shipowners at Willis Marine GB, describes the warning signs of inexperience among war insurers

Exclusive: Previously unreported insurance arrangements reveal how sanctions on a Russian insurer have complicated efforts to stabilise the stranded tanker Caroline Bezengi as a growing oil spill threatens Oman’s coastline

‘We all get on quite well, the decision-making is easy, and we are able to take the firm forward because of the size we are,’ says Margot Wastnage

Marine insurers face a mounting bill from the Middle East Gulf conflict, with estimated claims already reaching $2bn and concerns growing that a prolonged disruption could trigger far larger total loss payouts if vessels remain trapped for another six months

MSC Shipmanagement has been fined $6m after admitting it failed to report hazardous engine-control defects aboard MSC Michigan VII and obstructed the investigation into a 2024 runaway ship incident that triggered bridge evacuations and injured two people

Marine mutual pushing ahead with TT Club merger

‘When you book a container with a shipping line, it doesn’t go on a journey, it goes on an adventure,’ claims freightforwarders’ trade association

Ratings agency notes increasing capital strength at marine mutual

Reserve includes around $40m for London market specialty exposure, with the rest for reinsurance losses