Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...
Insurance (or Lack of It) Is Russian Oil’s Achilles’ Heel May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance industry threatens...
Russia’s Leading Shipping Firm Sovcomflot Plans to Sell Part of Its Fleet: Report May 6, 2022 Russia’s leading shipping company Sovcomflot plans to sell part of its fleet, it said on Friday, as it grapples with...
Western Ship Insurers Terminate Cover for Russia’s Sovcomflot as Sanctions Expand May 4, 2022 By Jonathan Saul Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved...
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...