Maritime trade may well be on the rise, but it is not being matched by a rise in premium rates requirement that has gone beyond the nice to have to a must have if the market is to be sustainable in the medium term.
Safety & Regulation
The US Coast Guard's Amver awards will be held during this year’s Safety at Sea awards on the 18th October, London
A risk expert says that cargo theft has continued to plague South Africa, resulting in losses and derailed efficiencies, and there is a need to take remedial measures to check the menace.
The reintroduction of US sanctions will undoubtedly affect insurers and the complexity in dealing with these risks has now increased.
The Canadian market will see new maritime laws come into force in the coming year alongside new investment that will create greater demand.
ExxonMobil Marine Fuels' technical liaison manager said that shipowners will be able to successfully switch to using low-sulphur products, but noted that the outcome rests on owners’ preparedness for the switch, as well as the technical abilities of their crews.
Richard Turner says data will play an ever increasing role in marine insurers and the winners will be those who can successfully embrace and integrate new technology and combine that with the art of underwriting
Former Transas CEO to replace Simon Doughty, who announced his decision to step down from ship management company earlier this year.
Call for marine insurers to address the current formation of war and strike clauses in an effort to halt the tide of litigation.
Unlikely that the US will offer exemptions in the new sanctions regime against Iran, a New York law firm partner told IUMI delegates.