December 24, 2015
Following a review by Steamship Services Joint War Committee, the War Breach areas have been revised and amended. War and Piracy warnings have been amended for the Indian Ocean, Arabian Sea, Gulf of Aden, Gulf of Oman and the Southern …
December 22, 2015
A report from Willis Group Holdings notes that “despite P&I Clubs announcing that they are trying to achieve on average two percent increases in premium, ship owners with good records can look forward to reductions in premiums for protection and …
October 20, 2015
In its latest report for the third quarter of 2015 Dryad Maritime, the UK’s maritime intelligence company, found that global maritime crime is showing “a stark rise of 38 percent of incidents across Southeast Asia,” compared to the first nine …
October 15, 2015
Bermuda-based Ironshore Inc. has been named Official Insurer for Oracle Team USA for the 35th America’s Cup. The announcement said the company will “provide comprehensive insurance coverage for the team, from the Louis Vuitton America’s Cup World Series Bermuda regatta, …
August 4, 2015
Berkshire Hathaway Specialty Enters Marine Insurance Market in Australia & N.Z Berkshire Hathaway Specialty Insurance Company (BHSI) announced that it has begun underwriting Marine Insurance in Australia and New Zealand, and appointed Dimitry Zilberud, Head of Marine, and Mark Dixon, …
February 24, 2015
Yachtowners, the specialist yacht syndicate of The Shipowners’ P&I Club, has launched an additional service for those owners who have purchased its Enhanced PA cover – (crew Personal Accident with medical expenses cover). The enhancement includes a “dedicated helpline for …
January 27, 2015
Oil shippers face higher costs and the possible loss of insurance cover on Libyan voyages, caught in a struggle between the rival governments there and threatened by air attacks. John Dalby of maritime security firm MRM, said he had prepared …
January 22, 2015
Willis Group Holdings Plc, the third-largest insurance broker by market value, has agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent stake, and partners of Miller will retain …
January 22, 2015
Allied World Assurance Company Holdings, AG announced that “Allied World Europe will enter the marine liability market, which will further complement the company’s current marine cargo offering.” Allied World has appointed Pene Reuben, Assistant VP, Marine Liability, to develop and …
December 4, 2014
Cash-strapped maritime security firms are being forced to use fewer costly elite guards and to diversify into other businesses such as cyber security, as a steep decline in Somali pirate attacks and hotter competition erode fast-thinning margins. Hundreds of security …