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Marine tag returned 85 results

  • China: Standard Club Asia and Ping An collaborate to underwrite P&I risks

    The Standard Club Asia, managed by Charles Taylor Mutual Management (Asia), has entered into a cooperation agreement with Ping An Property & Casualty Insurance Company of China, a subsidiary of the Ping An Insurance (Group) Company of China.

    Asia | 12 Nov 2018
  • Iran: Ports and insurers abroad warned to shun Iranian vessels

    The US has warned all ports and insurance companies to steer clear of Iranian ships.

    Middle East | 11 Nov 2018
  • Global: Fraudulent ship registries a rising concern

    Fraudulent ship registrations have been a topic of rising concern at the International Maritime Organisation (IMO), reported Fairplay.

    Asia Risk | 07 Nov 2018
  • Tunisia: Ferry collision results in losses of more than US$14m

    Tunisian shipping line, Compagnie Tunisienne de Navigation (CTN), which operates a ro-ro ferry which collided with a Cypriot container ship on 7 October will have to compensate the Cypriot shipowner TND40m ($14m), not counting the compensation costs for the marine pollution generated.

    Middle East | 18 Oct 2018
  • Hong Kong: Govt to promote marine and specialty insurance

    The Hong Kong government will adopt various measures, including tax reliefs to promote the development of marine insurance and the underwriting of specialty risks in the territory so as to strengthen HongKong's status as an international insurance hub.

    Asia | 11 Oct 2018
  • Maritime industry unprepared for global issues impacting sector-report

    Senior maritime executives believe that the global maritime industry is not prepared to deal with major issues that are likely to impact it over the next ten years, according to the Global Maritime Issues Monitor 2018 issued last week by the Global Maritime Forum, Marsh, and the International Union of Marine Insurance (IUMI).

    Asia Risk | 10 Oct 2018
  • China: Shipping insurance captive expected to have very strong risk-adjusted capitalisation

    Cosco Shipping Captive Insurance's risk-adjusted capitalisation is expected to remain at the strongest level, in line with its business plan, says A.M. Best which last week assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a" to the captive insurer. The outlook assigned to these credit ratings is stable.

    Asia | 08 Oct 2018
  • No delay in sulphur 2020 limit-IMO

    The International Maritime Organisation (IMO) will not delay its implementation of the lower limits of sulphur in ships' fuel oil.

    Asia Risk | 03 Oct 2018
  • "Now is the time to manage the 'unthinkable' risks"-former IUMI President

    It is time to start managing 'unthinkable risks'. That was the message to the marine insurance industry from Mr Dieter Berg in his last speech as president of the International Union of Marine Insurers' (IUMI).

    Asia Risk | 26 Sep 2018
  • Global marine premiums up 2% - IUMI

    The International Union of Marine Insurance (IUMI) has released its annual statistical report on the marine insurance market highlighting that global marine premiums were $28.5bn in 2017, up 2% from 2016. However,IUMI says that, despite this increase, there is an increasing mismatch between income levels and covered risk when current premium levels are viewed in relation to covered risks and the impact of claims.

    AIRPlus | 25 Sep 2018


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