Standard Club News

Standard Club Asia, Ping An to Jointly Offer P&I Cover for China’s Shipowners

The Standard Club Asia Ltd., managed by Charles Taylor Mutual Management (Asia) Pte Ltd., entered into a cooperation agreement with Ping An Property & Casualty Insurance Co. of China Ltd. Under the terms of the agreement, Standard Asia and Ping …

UK P&I Insurer Chooses Dublin as EU Headquarters After Brexit

British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialized providers to opt for Ireland in two days. …

Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B

Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international sanctions. Shut out of international …

UK Insurer Cancels Coverage on Russian Ship Going to Syria

A British company said Tuesday it has cancelled insurance for a Russian ship it says was carrying munitions to Syria – a shipment the British government says included refurbished military helicopters. U.K.-based insurer Standard Club said in a statement that …

Concordia Disaster Could Cost Insurers $1 Billion

The capsizing of the Costa Concordia could not have come at a worse time for the cruise industry — right at the start of the peak booking season. Even if passengers aren’t scared away, the accident will cost hundreds of …