IUMI 2018

Marine insurers meet in South Africa to decide the industry's future strategy in the face of new risks and larger claims

News & Analysis

Cape Town
20 Sep 2018
Maritime trade may well be on the rise, but it is not being matched by the rise in premium rates that is required if the market is to be sustainable in the medium term.
IUMI Ocean Hull Committee chair Mark Edmondson
18 Sep 2018
IUMI Ocean Hull Committee chair has warned that the industry faces the threat of a prolonged soft market.
Maersk Honam fire
18 Sep 2018
A leading salvor said the introduction of more fire breaks would be a significant first step towards preventing fire from spreading across large numbers of containers.
A damaged shipping container
17 Sep 2018
Astrid Seltmann said there are worrying sides for cargo insurers following significant losses last year that gave rise to the most expensive North Atlantic hurricane season in history.
Dave Matcham.
17 Sep 2018
The project manager of the International Union of Marine Insurance’s (IUMI) large loss database has told Fairplay the project has the potential to create a new dawn for underwriters.
Outgoing IUMI president Dieter Berg
17 Sep 2018
The marine insurance industry is vulnerable to a triad of key threats and the market must consider the risks facing the world today, said Dieter Berg.

Commentary

Will Lloyd’s jettison its marine roots as drive for efficiencies continues in face of international competition?

More Commentary