Insurance

Insurance

Court rejects maritime insurer’s late notice defence

portnews - October 27, 2022

In a maritime insurance coverage dispute involving late notice to the insurer, a federal district court in Louisiana recently denied an insurer’s motion for summary judgment,...

Insurance

West of England planning H&M venture

portnews - October 27, 2022

Group Club West of England has said that “consideration is currently beinggiven to a potential hull and machinery venture” but said that it would not yet...

Insurance

Leeds Marine Insurance Association appoints new chair and vice chair

portnews - October 27, 2022

The Leeds Marine Insurance Association (LMIA) has elected a new Chair, John Habergham, and Vice Chair, Ben Harper-Longbone. Established in 1992, the LMIA is...

Insurance

Sea cargo insurance turns from broad brush to black box

portnews - October 27, 2022

Sophisticated container tracking solutions will allow insurers to bring the benefits of automotive ‘black boxes’ to the maritime market, allocating risk more accurately and...

Insurance

West of England downgraded single notch by S&P to BBB+, outlook stable

portnews - October 26, 2022

Rating agency Standard & Poor’s has downgraded Group Club West of England to BBB+ from A-, and said that it saw limited capital position...

Insurance

S&P downgrades The Swedish Club to BBB+, stable outlook

portnews - October 26, 2022

Standard & Poor’s has downgraded the Swedish Club from A- to BBB+. S&P said that the downgrade was the result of “eroded capital adequacy”. The...

Insurance

DSV has success with customer freight insurance

portnews - October 26, 2022

Since 2009, logistics group DSV has built up an insurance company with 25 employees which partly insures DSV’s own risks, partly offers insurance of...

Insurance

TT Club signs up to the Principles for Sustainable Insurance Initiative

portnews - October 26, 2022

Through Transport Mutual Insurance Association Limited (TT Club) is acutely aware of the requirements of all enterprises to take responsibility for achieving a sustainable...

Insurance

Japan Club clarifies cover situation for certain Russian cargoes

portnews - October 25, 2022

Japan Club, the only Group Club not domiciled in the US, UK or Western Europe, has published a clarification of questions of cover for the carriage...

Energy

Pipeline blasts leave Nord Stream in insurance limbo

portnews - October 25, 2022

With the mystery of the blasts that destroyed undersea gas pipelines between Russia and Germany unsolved, Nord Stream 1’s insurers and reinsurers are grappling...

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