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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

Top 10 marine insurers 2023

Marine insurers stay busy year in, year out, providing the 118,000 vessels in the world fleet with all classes of cover, principally P&I and H&M. However, the Russian invasion of Ukraine in 2022 and the fighting between Hamas and Israel is providing ample work for war risk insurers too

Top 100 People Insurance

London cargo market in best shape for more than decade, says Gallagher

Some markets looking for war coverage as result of fighting in Gaza

London Brokers

ICS expresses ‘serious concern’ at Red Sea attacks

Gard issues loss prevention advice for vessels transiting region

Insurance Piracy and Security

Underwriters fear aggregation loss on Israeli ships

War risk premiums for Red Sea transits are only moderately higher since the start of Gaza fighting, but could rise sharply for everybody if Iranian proxies continue to target vessels

Insurance Israel

Israeli shipowners set to pay more for Red Sea war risk cover after attacks

Premiums already up 200% after Galaxy Leader hijack and likely to get firmer this week

Israel Yemen

Israeli owners may face war risk rate hike after car carrier capture

Red Sea transits unavoidable for Suez Canal users and even a rise of a fraction of a percentage point could add hundreds of thousands of dollars to cost of a trip

Israel Yemen

Skuld and Japan Club announce 2024 pricing

Renewal round will see lowest percentage price increases in four years

International Japan

Three more P&I clubs unveil rate hikes for 2024

Nine International Group affiliates now declared, with a further three set to declare in the next few weeks

Insurance International

Denmark leaves position unclear on inspecting sanctions-busting Russian tankers

The EU and US governments are reportedly in talks with Denmark to inspect and possibly block tankers without known insurance. Whether that would include those that dropped anchor at the Skagen anchorage was not spelled out

Sanctions Tankers and Gas

The Lloyd’s List Podcast: Why three P&I clubs are dishing out $80m

Three of the five International Group affiliates that have announced strategies for the 2024 renewal have included sweeteners totalling more than $80m. But are the payouts as generous as they look? This week’s edition of the podcast offers a deep dive into the P&I landscape at the halfway point in renewal season

Lloyd's List The Shipping Podcast Insurance

UK Club confirms general increase for members

The insurance price rise comes in at upper end of going rate. At the same time, the Thomas Miller-managed marine mutual announces it has elected a new chair

International United Kingdom

Burning questions remain on EVs and ship fires: Insurers

With the rise of EVs, the car carrying sector is now prepared to change its firefighting approaches after decades of status quo. But knowledge about how EVs behave in a fire on board remains insufficient

International Casualty
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