Entries by Laura

Cyber insurance struggles to find purchase (source: Lloyd’s List)

Insurers are excluding cyber from traditional policies, while shipowners’ reluctance to pay up limits how much capacity they will devote to maritime Uptake of marine cyber insurance is at an impasse, with specialist cover available but too few shipowners willing to buy it. Parallels with piracy insurance offer hints as to how the deadlock may […]

Cyber insurance struggles to find purchase (source: Lloyd’s List)

Insurers are excluding cyber from traditional policies, while shipowners’ reluctance to pay up limits how much capacity they will devote to maritime Uptake of marine cyber insurance is at an impasse, with specialist cover available but too few shipowners willing to buy it. Parallels with piracy insurance offer hints as to how the deadlock may […]

Five factors shaping the future of shipping innovation (source: Lloyd’s List)

Innovation in shipping requires collaboration, scale, data and entirely new set of business models The Lloyd’s List ‘How to Innovate in Shipping’ webinar looked at how smart ideas and smart money can help shipping escape its siloed thinking and kick-start a more collaborative, connected approach to integrating seaborne trade in the global supply chain THE […]

One ship is hacked every day on average (source: LLoyd’s List)

Ships and shipping companies are regularly targeted by cyber criminals, webinar discussion hears The key to dealing with hacking is to pick up the problem as early as possible, before any losses are manifested and to mitigate the impact of the breach SHIPS are being regularly hacked, at a rate of as many as one […]

American Club books pre-tax loss (source Lloyd’s List)

New York-based International Group affiliate combined ratio at lower end of peers, with 2017 policy year closed after supplementary call American Hellenic Hull unit benefits from firmer pricing while Eagle Ocean Marine subsidiary seeing ‘encouraging’ growth, according to marine mutual’s annual report AMERICAN Club, the New York-based marine insurer, booked a $5m pre-tax loss for […]