Lloyd’s Innovation Drive Faces Headwinds from Some Brokers, Underwriters April 26, 2019 By Carolyn Cohn and Jonathan Saul Lloyd’s of London, the world’s oldest insurer of seafaring vessels, is facing its own perfect storm. Old-fashioned business practices, exposure...
UN Shipping Agency Seeks to Clamp Down on Rogue Shipping Companies April 5, 2019 By Jonathan Saul The United Nations’ shipping agency is working on tougher measures to clamp down on rogue shipping companies trying to use...
Lloyd’s Conducts Business Review in Wake of 2017’s $2.6 Billion Loss: Sources July 31, 2018 By Carolyn Cohn and Jonathan Saul Lloyd’s of London is reviewing all aspects of its business, including its centuries-old structure, to ensure it is cost-competitive and...
U.S. Sanctions Likely to Ban Use of Lloyd’s IT Platform for Processing Iran Insurance July 16, 2018 By Carolyn Cohn and Jonathan Saul New U.S. sanctions are likely to prevent the use of a Lloyd’s of London IT platform for any Iran insurance,...
UK Marine Insurer Steamship Mutual Chooses Netherlands for Post-Brexit HQ February 22, 2018 By Jonathan Saul British ship insurer Steamship Mutual plans to set up a new Dutch subsidiary to ensure continued access to trade in...
Compensation for Iran Tanker Accident Could Be Complicated by U.S. Sanctions January 11, 2018 By Jonathan Saul The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week...
UK P&I Insurer Chooses Dublin as EU Headquarters After Brexit November 21, 2017 By Carolyn Cohn and Jonathan Saul British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access...
UK P&I Insurer North to Form Dublin Subsidiary as EU Post-Brexit Hub November 20, 2017 By Jonathan Saul British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to...
Cyber Attacks Against Ships’ GPS Systems Prompts Return of Radio as Backup August 7, 2017 By Jonathan Saul The risk of cyber attacks targeting ships’ satellite navigation is pushing nations to delve back through history and develop back-up...
Global Shipping Still Reeling from Cyber Attack; Insurers Warn of Coverage Gaps June 30, 2017 By Jonathan Saul Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the...