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Insurance

Keep informed with daily analysis and insight into shipping insurance to reduce risk, support reinsurance decisions, manage investments and identify exposure within the maritime industry

West P&I creates new role of risk management director

Job will focus on challenges to industry posed by politics, regulation and compliance

Insurance People

War risk proceeds propping up hull market

Rates are twice as high in the Black Sea as the Red Sea, even though the risks appear far lower

Red Sea Risk Insurance

Known insurance for Russia-trading tankers plunges to fresh low in June

The number of tankers operating outside Western jurisdiction has risen, as oil prices continue to exceed the $60 per barrel cap imposed on Russian oil by the G7 and Australia 18 months ago

Sanctions Insurance

Red Sea war risk rates firmer after recent attacks

Saudi construction firms picking up additional insurance tab for vessels serving their needs on long-term time charters, underwriters believe

Red Sea Risk Insurance

The Lloyd’s List Podcast: The unintended consequences of sanctions

Navigating the rapid escalation of sanctions has proved to be a steep and expensive learning curve for P&I clubs as they try to enforce the unenforceable. They now walk a precarious regulatory tightrope through the dark fleet, which now presents a global threat in terms of uninsured risk. But if you think this is just a problem for the insurers — think again

Lloyd’s List Podcast Sanctions

Norway’s Ro Marine cancels P&I cover for 30-plus Russia-trading tankers

The latest tanker was removed by Ro Marine in the past week after its owners failed to advise of a voyage to Russia to load at the Ust-Luga terminal in May, the company said

Sanctions Insurance

Black Sea war risk pricing drops sharply, but watch out for increased attacks over summer

Underwriters’ confidence boosted by enhanced Ukrainian command of waterways and state subsidies to reduce marine insurance premiums

Ukraine crisis Insurance

American Club booked record premiums in 2023

Despite increased claims activity within the group pool, no claims exceeded the club’s retentions last year

Insurance Finance

Nordberg pledges to continue turnaround at newly profitable Swedish Club

‘It’s top of my agenda to become as financially strong as possible. We should be A-rated and I think we will be A-rated,’ says managing director of marine mutual downgraded to BBB+

Insurance Sweden

Fidelis to expand marine business with new Lloyd’s syndicate

Hampden Agencies to provide private capital, with Asta handling management

Containers Insurance

Gard set to acquire Danish marine and energy insurer Codan

‘Our marine hull and P&I portfolios have seen considerable growth over the past years, and with this, our energy book also gets a significant boost,’ says chief executive Roppestad

Insurance Consolidation

China P&I chairman Xu calls for greater international partnerships

Xu and his successor at Cosco Shipping, Wan Min, both argue the insurance industry ought to play a bigger role in shipping’s green transition

Reinsurance Sustainability
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