Salvors hopeful of bid to rescue Lloyd’s Open Form contract
Historic salvage contract going through a revamp to halt its long-term decline
Insurance
Lloyd’s war underwriters reserve cash for Black Sea claims
Payouts for ships trapped in Ukraine have not yet been fully resolved
Insurer Gard leverages ESG to help it stay ahead of the field
Business plan is starting to pay dividends for the Norwegian mutual and its shipowners’ members
Maritime insurer Swedish Club champions Asia as major growth hub
The insurance provider is beefing up its Singapore team as Asia accounts for 40% of its portfolio
Insurers TT Club and ITIC turn on the charm with big bash in Singapore
Night at the museum brings out star-studded cast from the world of marine insurance
BFSI Sector at the Forefront of Cyberattacks
In recent years, the BFSI Sector (Banking, Financial Services, and Insurance) has become a primary target for cyber attackers. A 2022 report by IBM revealed that the average cost of a data breach in the financial industry reached a staggering $5.97 mil…
Gard achieves best underwriting performance in 15 years
But bottom line is hit by poor investment returns in ‘short’ accounting year
International Group to work with London marine insurers on major claims
Two insurance groups have agreed to communicate when there is a common interest
Black Sea grain deal extended, but uncertainty over how long
Safe corridor renewed for full duration of 120 days, Ukrainian official claims. Russia, however, disagrees
Black Sea grain deal extended, Ukrainian minister says
Safe-corridor scheme is renewed for its full duration of 120 days, according to Ukrainian government official