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Marine tag returned 81 results

  • 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
  • Marine insurers up to digitalisation challenge - outgoing IUMI president

    The marine insurance community is well equipped to embrace digitalisation, said outgoing IUMI president Dieter Berg, who just completed his four-year IUMI term and handed over the reins to new president-elect Richard Turner at the union's annual conference in Cape Town.

    AIRPlus | 24 Sep 2018
  • Richard Turner elected President of IUMI

    Mr Richard Turner, European director of global risk solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI).

    People | 21 Sep 2018
  • China: Insurance mutual launches first sea freight surety product

    Newly formed Public Mutual Insurance has launched the Chinese insurance industry's first sea freight surety product for small and medium-sized enterprises in the maritime logistics chain.

    Asia | 14 Sep 2018
  • Hong Kong: City goes all out to assert its hub status with tax and talent incentives

    Facing strong competition from other Asian cities, Hong Kong has announced compelling measures to preserve its status as a risk management, (re)insurance and marine hub. These include introducing tax incentives and a "Talent List" to attract businesses and professionals.

    Asia Risk | 05 Sep 2018

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