Pen Underwriting buys London marine specialist Tay River
Deal also involves specialist war risk subsidiary Vessel Protect
Insurance
Norwegian Hull Club to return $13.6m to members
Move comes after another strong underwriting year
Japan Club membership shrinks after supplementary calls
Mutual insurer’s figures show its entered fleet has been in decline since 2020
Swedish Club head Nordberg makes new hire as he continues staff reshuffle
West of England also makes key appointment
Shipowners’ Club starts to process Philippine tanker spill claims
Wreck of sunken tanker currently at a depth of 400 metres with oil onboard
Shipowners’ Club starts to process Philippines tanker spill claims
Wreck of sunken tanker lies at a depth of 400 metres with oil on board
London falling as Scandinavia and Asia grow in marine insurance
Conference hears London remains influential, even if it might no longer be the largest market for hull and machinery
Accident risk: Finland warns of dangers from shadow fleet tanker transits
Crews of vessels under unknown ownership likely unfamiliar with local waters
Salvors hopeful of bid to rescue Lloyd’s Open Form contract
Historic salvage contract going through a revamp to halt its long-term decline
Lloyd’s war underwriters reserve cash for Black Sea claims
Payouts for ships trapped in Ukraine have not yet been fully resolved