Ukraine Urges Marine Insurers to Withdraw Coverage for Russian Shipping Companies March 31, 2022 By Benjamin Robertson The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in...
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...
Shipping Industry and Insurers Face Uncertain New Fuel Risks and Rules December 12, 2019 By Jonathan Saul Faced with imminent new global marine pollution rules, shipping companies and insurers are puzzling over the risks. To reduce emissions...
U.S. Reimposes Iranian Sanctions, Hitting Insurance, Shipping, Energy, Banking November 5, 2018 By Nick Wadhams, Golnar Motevalli and Ladane Nasseri The U.S. reimposed sanctions on Iran’s critical oil industry Monday, raising pressure on the Islamic Republic to scale back its...
Steamship Mutual Authorized to Establish Branch in Hong Kong August 20, 2018 Steamship Mutual P&I Club announced the Hong Kong Insurance Authority has formally authorized the Club to establish a branch in...
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...
Marine P&I Clubs Face Intense Pricing Pressures in February Renewals: A.M. Best February 14, 2018 While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline...
Owner of Blazing Iran Oil Tanker Hopes Crew Alive in Engine Room January 11, 2018 By Golnar Motevalli The crew of an Iranian oil tanker set ablaze at the weekend following a collision could still be alive, the...
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...