Marine insurance outlook in three words — more expensive still (source: Lloyd’s List)

Shipowners are looking at increased premiums in the order of 5%-10% this year for both P&I and H&M, a development that comes after similar annual rate hikes for the past year or two The current year has seen some major claims, not least…

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’…

Rising shipyard costs push up hull insurance rates, says Gard (source: Lloyd’s List)

Shipowners have seen sharp hike in the price of H&M cover in year to date and further pain is in store, says world’s biggest hull underwriter by David Osler ‘The spare parts, the steel and the yards themselves when doing the work, are…

Ince lawyer Clark sounds alarm over cyber uncertainties for P&I (source Tradewinds)

Shipowner mutuals have so far largely resisted the use cyber exclusion clauses, but that could be about to change by Adam Corbett Cyber-risk exclusion clauses have been applied across nearly…

Reinsurance exclusions limiting cyber cover from P&I clubs (source Lloyd’s List)

Risk for shipping has hit ‘considerable magnitude’, with some companies not even doing the basics, webinar told Steamship sees combined ratio jump to 125% after big payouts to cruise operators in wake of pandemic EXCLUSIONS…

Torna il CR Sunny Camp, il centro estivo per i figli dei dipendenti

Il centro estivo per i bambini? In Cambiaso Risso ci pensa l'azienda. Si ripente anche quest'anno l'iniziativa realizzata nel 2020 per agevolare il ritorno in ufficio al termine del lock-down. In un' estate in cui l'offerta dei centri…

Nigeria takes aim at pirates — but will its campaign work? (source: Tradewinds)

Ships, aircraft, drones and hundreds of personnel are ready to back Deep Blue Project On 19 May, five armed pirates boarded a fishing vessel in the Gulf of Guinea, south of the Ghanaian capital, Accra. The…

P&I clubs facing double-digit rate rise on $3.1bn reinsurance policy (source: Tradewinds)

Broker warns struggling reinsurers are looking to recover losses and guard against emerging risks. The International Group of P&I Clubs is facing one of the most challenging renewals to…

SODIMAX E SHL: NUOVA ALLEANZA NEL SETTORE SPEDIZIONI

La sinergia consolidata nella newco SODIMAX SRL concretizza un ampliamento delle attività delle due società di forwarding. Si è perfezionata l'operazione societaria che ha dato vita a Sodimax S.r.l., che ha quali protagoniste Sodimax,…