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Marine tag returned 77 results

  • "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
  • More infrastructure support required to facilitate insurance for Arctic sailings-IUMI

    Changes in ice conditions is opening the high Arctic as a trade route, fishing ground and potential tourism destination; but more infrastructure support is required to facilitate the provision of adequate insurance, said the International Union of Marine Insurance (IUMI) in a paper it issued last week.

    Asia Risk | 05 Sep 2018
  • Hong Kong: Govt to offer tax incentives to vie with Singapore for marine & reinsurance business

    The Hong Kong government will introduce a number of tax incentives to promote marine insurance, reinsurance and specialty insurance as the city strives to become a regional risk management centre, according to Financial Secretary Paul Chan Mo-po.

    Asia | 30 Aug 2018
  • Marine market at Lloyd's in midst of major shake-up

    Several Lloyd's syndicates in Singapore are having to scale back their marine business significantly, as Lloyd's increases scrutiny on loss-making lines following its GBP2bn ($2.57bn) loss last year which pushed the specialist insurance market into the red for the first time in six years.

    AIRPlus | 28 Aug 2018
  • Hong Kong: Steamship Mutual P&I Club receives branch licence

    Protection and indemnity club Steamship Mutual P&I Club has been given a licence in Hong Kong by the Hong Kong Insurance Authority , its third in Asia after Singapore and Tokyo.

    Asia | 22 Aug 2018


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