Insurance

Insurance

Insurers pull out of new cargo cover for Black Sea Corridor shipments: sources

portnews - November 2, 2022

Insurers are no longer offering new cargo insurance cover for shipments out of Ukraine through a UN-backed safe corridor after Russia suspended its participation, reports Reuters,...

Insurance

Insurers want stronger regulations covering transport of lithium-ion batteries

portnews - November 2, 2022

The risks presented by transporting lithium-ion batteries is sufficient to warrant new regulation, TT Club, UK P&I Club and consultant Brookes Bell have determined...

Insurance

Swedish Club celebrates the opening of its new Singapore office in style

portnews - November 1, 2022

The Swedish Club’s new Singapore office is now open for business and receiving visitors, and the Club celebrated this in style with a reception...

Insurance

Ascot pauses cover for new Black Sea corridor shipments

portnews - November 1, 2022

The willingness of Ukraine, Turkey and the UN to continue shipping grain via the Black Sea Corridor despite Russia pulling out of the agreement on Saturday...

Insurance

Diverting to remove spent fumigants

portnews - November 1, 2022

North of England Club has noted that vessels on passage to some European ports were increasingly being requested by charterers to divert to an...

Insurance

Rate Rises To Stay Sizable For 2023 P&I Renewal Despite Better Half-Year Underwriting Results

portnews - October 30, 2022

P&I Clubs Have Seen A Sharp Turnaround In Underwriting Fortunes For the first time since 2018, protection and indemnity (P&I) clubs have on average recorded...

Argentina

Argenta Appoints Stephen Haynes as Marine Excess of Loss Underwriter

portnews - October 30, 2022

Argenta Syndicate Management Ltd (ASML), a subsidiary of Argenta Holdings Ltd, has appointed Stephen Haynes to the position of marine excess of loss underwriter, effective immediately....

Insurance

Steamship Mutual goes for 7.5% general increase for 2023-24, deductibles rise

portnews - October 30, 2022

Despite a generally positive report for the first half of the 2022-23 policy year, Group Club Steamship Mutual has announced a 7.5% general increase for the...

Insurance

Steamship Mutual: Financial Update and 2023 Renewal

portnews - October 28, 2022

Highlights • The Club’s own claims for the /23 policy year at six months are less than budgeted. • There were no International Group (IG) Pool...

Insurance

Cargo advice for members from The Swedish Club

portnews - October 27, 2022

In collaboration with the cargo experts at CWA International The Swedish Club has produced cargo advice to assist its members in the daily operation...

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