Rising Oil Prices Complicate Russian Price Cap Checks for Insurers April 28, 2023 By Alex Longley Key figures in the insurance industry said rising Russian oil prices are making it harder for them to know if...
Ship Insurers Warn of Russian Oil Price Cap Evasion, Risks of Growing ‘Dark Fleet’ April 27, 2023 By Jeslyn Lerh and Muyu Xu A rise in spot prices for Russian crude oil to above the $60 per barrel cap imposed by western powers...
Reuters: Russian Oil Cap Spurs Insurer Fears of Oil-Laden Ships Being Left at Sea November 11, 2022 Oil-laden tankers risk being left languishing at sea if insurers do not urgently get clarity on an unfinished G7 and...
As Lloyd’s Jettisons Some Marine Insurance Lines, Opportunities Created for Rivals June 24, 2019 By Carolyn Cohn, Jonathan Saul and Suzanne Barlyn Rivals to Lloyd’s of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after...
India’s Biggest Shipping Firm Resumes Iran Oil Transport with Insurance in Place July 5, 2016 By Nidhi Verma Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo...
P&I Clubs Plug Shortfall in Iran Oil Cover; US Reinsurers Still Barred by Sanctions March 23, 2016 By Jonathan Saul and Osamu Tsukimori Ship insurers have stepped in to help plug a shortfall in cover for transporting Iranian oil resulting from the fact...
International Insurers Still Reluctant to Provide Cover for Iran Oil Cargoes February 3, 2016 By Jonathan Saul Oil companies looking to steal a jump on rivals in the race to benefit from Iran’s emergence from Western sanctions...
Port of Tianjin Blast Highlights Growth of Accumulation Risks: IUMI August 19, 2015 The explosions that recently devastated the Port of Tianjin highlight the danger of accumulation risks – when a single event...
UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers August 18, 2015 By Jonathan Gould Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain...
Munich Re Expert Tells IUMI Cat Models a Must for Marine Risks September 18, 2013 Marine underwriters at the International Union of Marine Insurance (IUMI) conference in London heard from Hjortur Thrainsson, Munich Re’s modeling...