Sailors Stranded by COVID Restrictions Could Refuse to Work, Causing Trade Disruption June 17, 2020 By Elena Becatoros Merchant ship crew members stranded at sea for months due to coronavirus-related travel restrictions could now start refusing to further...
New Marine Cyber Specialist Astaara Gets Investment from West of England P&I Club June 17, 2020 Astaara, a marine insurance services business, announced it has secured a significant investment from UK marine insurer West of England...
New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks June 12, 2020 A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats...
IGI Launches Marine Trades Insurance Product in UK June 2, 2020 International General Insurance Holdings Ltd. has launched a Marine Trades insurance product, which covers the smaller recreational marine market across...
Panama Threatens Sanctions, Hefty Fines on Ships That Tamper with Transponders June 2, 2020 By Elida Moreno Panama’s Maritime Authority said it will impose sanctions on vessels, including fines of up to $10,000 and withdrawing its flag...
Ship Inspectors Conduct Virtual Inspections of Oil Tankers During Pandemic May 27, 2020 By Jonathan Saul Ship assessors are resorting to virtual inspections of oil tankers to keep vessels afloat, as the coronavirus pandemic makes physical...
Willis Towers Watson Launches Customized Cyber Insurance for Shipowners May 26, 2020 Willis Towers Watson announced the launch of CyNav, a new type of cyber insurance cover designed specifically for shipowners. The...
EC3 Brokers Launches Casualty and Cyber Specialty Division May 12, 2020 EC3 Brokers announced the launch of its specialty division, with the appointment of Jonathon Lane as head of the division....
Zurich Expands Marine Insurance Platform into Additional Countries, Regions March 25, 2020 Zurich Insurance Group is expanding the roll-out of a new marine insurance platform for small and medium cargo, following its...
Marsh Sees Hike in Demand for Political Violence Insurance in Gulf After Tanker Attacks January 22, 2020 By Davide Barbuscia Marsh, one of the world’s largest insurance brokers and risk advisers, has seen a spike in clients’ inquiries for political...