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...
Spike in Piracy in Singapore Strait Prompts Calls for Improved Security January 15, 2020 By Aradhana Aravindan and Roslan Khasawneh Coastal nations around the Singapore Strait must step up surveillance and patrols of the strategic waterway after a sharp rise...
Eight Crew Members Kidnapped from Greek Tanker Anchored Near Cameroon December 31, 2019 By Sotiris Nikas Five Greeks, two Filipinos and a Ukrainian were abducted by unidentified assailants from the Greek-flagged tanker ‘Happy Lady’ while the...