Insurance

Insurance

American Club EBUB combined ratio for 2021 improves to 112%

portnews - June 27, 2022

In its annual report for 2021, American P&I Club has reported a premium earned by unbilled (EBUB) combined ratio of 12% (129% on a...

Insurance

No links to Russia: IRS

portnews - June 27, 2022

The Indian Register of Shipping is seeking to reassure the sector that it is complying with all international law relating to sanctions against Russia...

Insurance

Tanker Cover Ban May Benefit Russian Insurers – And Raise Premiums

portnews - June 26, 2022

AnEU/UK planto ban their insurers fromproviding coverto ships transporting Russian oil is causingtensions with Washington. America contends that Europe’s dominance of global insurance will...

Insurance

No coverage for engine failure under all-risk marine policy

portnews - June 26, 2022

Milad Emam and Jason P Minkin of US legal firm Bates Carey have reported on the case of Great Lakes Ins. SE v. Wave...

Insurance

Japan Club reports large claims for 2021 business year

portnews - June 26, 2022

At the meeting of Japan Club’s board of directors on June 23rd details of the 2021 business year for the club were revealed. The Club...

Insurance

Excel in Marine Insurance, Earn Stripes in the Industry

portnews - June 26, 2022

Paul Mendham, president of Vancouver-based Navis Marine Insurance Brokers, didn’t get his start in insurance by working behind a desk at a brokerage. Instead,...

Energy

US calls EU for softer insurance ban on Russian oil cargo

portnews - June 24, 2022

The US is urging European capitals to ease the impact of their ban on insuring Russian oil cargoes, claiming that this measure could cause...

Insurance

India provides safety certification to Russian oil tankers

portnews - June 23, 2022

Understand the impact of the Ukraine conflict from a cross-sector perspective with the Global Data Executive Briefing: Ukraine Conflict Classification society Indian Register of Shipping...

Insurance

Investment loss deepens overall deficit at Standard Club, but CR improves

portnews - June 22, 2022

Standard Club reported a comprehensive income of minus $50m for policy year 2021-22, compared with a loss of $33m the previous year. The balance...

Insurance

Russian Oil Tankers Get India Safety Cover via Dubai Company

portnews - June 22, 2022

India is providing safety certification for dozens of ships managed by a subsidiary of top Russianshippinggroup Sovcomflot, official data showed, enabling oil exports to...

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