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Insurance

Insurance

Some Ocean-Going Ships To Sail Without Insurance As Insurers Back Out From 1st Jan 2023

portnews -
Per reports, Ship reinsurers have faced huge losses, and hence the insurers of ships have decided to cancel covering war risks in Russia, Belarus...
Insurance

Insurers End War-Risk Cover for Shipping Across Russia, Ukraine and Belarus

portnews -
Ship insurers are cancelling war-risk coverage across Russia, Ukraine and Belarus from January, leaving cargo and freight companies liable for major losses linked to...
Insurance

Japan Insurers to Continue Offering War Coverage for LNG Shipping in Russian Water -Report

portnews -
Japanese insurers are expected to continue providing marine war insurance which covers the sinking and requisition of ships due to war in Russian waters...
Insurance

Japanese insurers scramble to retain marine war cover to secure LNG imports from Russia

portnews -
Japan, the world’s top importer of LNG, is working with marine insurers in the country to ensure LNG imports from Russia are not jeopardized...
Insurance

How Will Japan Resolve Shipping Insurance for Russian LNG imports?

portnews -
  Japan, the world's top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from Russia after Western reinsurers...
Insurance

Ship Insurers to Cancel War Cover for Russia, Ukraine from January 1

portnews -
  Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the...
Insurance

Notice of cancellation in respect of War Risks

portnews -
To the Members The Association’s reinsurers have been forced to accept exclusionary language by their own reinsurers for their reinsurance policies which renew on 1...
Insurance

Japan asks its insurers to retain marine war cover for LNG shippers in Russian waters

portnews -
The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural gas (LNG) shippers in...
Insurance

Rates to stay flat for Ukraine grain cargo insurance-Ascot

portnews -
A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate increases, an underwriter with...
Insurance

Japan Firms To Stop Insuring Ships In All Russian Waters

portnews -
Three Japanese insurance companies will stop insuring ships for damage in all Russian waters due to the war in Ukraine, potentially affecting Japan’s energy...
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