EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban May 4, 2022 By Nikos Chrysoloras, Alberto Nardelli, Alex Longley and Alaric Nightingale The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that...
MGA Rokstone Launches US$18M Marine Cargo Facility, Hiring Lloyd’s Veteran Birchard July 6, 2021 Rokstone, the London-based speciality re/insurance managing general agent (MGA), has launched a US$18 million global facultative general marine cargo facility....
Suez Blockage Claims Expected to Hike Marine Reinsurance Rates, Says Willis Re April 1, 2021 By Carolyn Cohn The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine...
Rebranded Liberty Mutual Re Enters U.S. Marine Market, Launches in Italy July 3, 2018 Liberty Specialty Markets has rebranded its reinsurance division as Liberty Mutual Re, begun writing marine business in the U.S. for...
Sompo Canopius Re Appoints Swiss Re’s Gray as Head of P&I Reinsurance February 13, 2017 Sompo Canopius Re announced the appointment of Christopher Gray as head of P&I reinsurance, effective immediately. Gray, who joins from...
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...
Iran Still Faces Curbs on Oil Exports from Ongoing Insurance Issues: Oil Official March 2, 2016 By Rania El Gamal Iran still faces constraints on oil exports as buyers are cautious about boosting trade immediately because of banking and ship...
Iran Oil Shipping Insurance Issues Will Take 2-3 Months to Resolve: Tanker Firm March 1, 2016 By Henrik Stolen Frontline, one of the world’s largest independent tanker firms, says securing insurance for cargoes carrying oil from Iran is likely...
New York-Based Insurer Says U.S. Has Lifted Sanctions for Iranian Oil Cargoes February 12, 2016 By Alex Longley A U.S.-based insurer to the global shipping industry said it got government authorization to cover non-American companies transporting oil from...
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...