Massive war risk payouts loom for ships stranded in Ukraine
Dozens of ships set to be written off in eastern Ukraine port on the frontline of the war with Russia
Insurance
How hardball P&I renewal could herald rate relief for shipowners
Could this be the last year of the hard market in mutual marine insurance?
Allianz Global appoints new head of marine in London
Philip Graham, who previously led the Chaucer Group’s marine business, moves into new role
Cruise Lines and shipyards call for recognition under EU’s Green Deal
The European Union wants to support industries contributing to decarbonisation
The American Club defends smaller P&I mutuals as consolidation takes off
Athens P&I conference hears mergers between mutuals are now ‘more likely but not inevitable’
American Club defends smaller P&I mutuals as consolidation takes off
Athens P&I conference hears mergers between mutuals are now ‘more likely but not inevitable’
Video purportedly shows missile attacks on stranded ships in Ukraine
Footage apparently shows at least three Russian soldiers firing missiles
Proposal amending the Solvency II Directive [EU Legislation in Progress]
In July 2020, the European Commission initiated a review of Directive 2009/138/EC on the taking-up and pursuit of the business of insurance and reinsurance, also known as the Solvency II Directive, or Solvency II.
Swedish Club gets a boost from AM Best rating
Rating agency describes Gothenburg-based insurer’s balance sheet as ‘very strong’
Japan looks to secure war risk cover for Russian gas exports
Trade ministries cooperate to make sure insurance will be in place to cover critical LNG supplies