• Moody's affirms Oil Insurance Limited's...

    Moody's Investors Service, ("Moody's") has affirmed the A2 insurance financial strength (IFS) and Baa1(hyb) preference share ratings of Oil Insurance Limited ("OIL"). The outlook for the ratings is stable.

  • UK ship insurer Britannia to set up subsidiary in...

    Britannia is one of 13 major global P&I (Protection and Indemnity) clubs. The six which are regulated in Britain are estimated to account for over half the revenue of an industry that insures about 90 percent of the world’s ocean-going tonnage.

  • FG, others strategize to tackle oil theft, piracy...

    The Federal Government and other member-countries of the Gulf of Guinea Commission (GGC) have renewed their efforts to tackle the enormous challenges facing the Gulf of Guinea such as oil theft, sea piracy, human trafficking, drug trafficking, armed robbery and other illicit activities in the Gulf of Guinea.

  • EU-US covered agreement

    The announcement of a covered agreement between Europe and the US to enhance international insurance and reinsurance regulation has been long anticipated. When the IUA first began actively advocating the case for mutual recognition between authorities on both sides of the Atlantic, Hilary Clinton was First Lady of the US and everyone was worrying about the millennium bug. Now, 20 years later the case is finally being recognised at the most senior levels of government.

  • Greener Ships Will Not Automatically Get a...

    The second day of the “Maritime Cyprus 2017” Conference successfully kept the momentum that was experienced during the previous day. Hundreds of distinguished participants from around the world followed the proceedings of the second day of the Conference, solidifying its reputation as one of the most successful shipping conferences worldwide.

  • Integartion of Marine Insurance & Liability...

    Senior managers from Maritime Administrations and legislative draftspersons specialised in maritime and shipping related legislation from 11 Pacific Island countries gathered in Suva this week (26–29 September) for the Regional Workshop on International Maritime Organization Civil Liability Conventions.

  • Cargo still sailing on rough seas – but land ahoy!

    A year ago, the container shipping industry was in the doldrums with oversupply of capacity and lay-up of 7% of the global fleet in capacity terms. Predictions were that the market would only fully recover in 2018. One year on, we speak to some insurance players for their sentiments on the marine cargo market.

  • The impact of extreme weather on contracts of...

    Extreme weather events may have an impact on the trading of cargo vessels, for example during the recent hurricanes Harvey, Irma and Maria in the USA and Caribbean, as they give rise to legal and cover questions in relations to the contracts of carriage agreed by the carrier.


XL Group's Global Brand Offers Marine Insurance Solution

XL Catlin, the global brand used by the insurance and reinsurance companies of XL Group Ltd XL , has recently introduced an insurance solution, customized for marine contractors in the United States. The newly introduced insurance solution will not only help the marine contractors acknowledge and protect their work from the hazardous day-to-day exposures but also boost the property and casualty (P&C) insurer's service portfolio. 


Navigators to Acquire Belgian Specialty Insurer

The Navigators Group, Inc. (NASDAQ:NAVG) today announced that it has entered into a share purchase agreement for the purchase of all of the shares of Assurances Continentales – Continentale Verzekeringen NV (“ASCO”) and Bracht, Deckers & Mackelbert NV (“BDM”).  ASCO and BDM are both based in Antwerp, Belgium.


P&I cover for autonomous vessels

Developments continue apace and leading industry players expect to start seeing remotely operated vessels in commercial operation by 2020, if not before.


Skuld Reports Positive Nine-Month Result Of USD 27 Million

Skuld ended the first nine months of the 2017/18 reporting year (as at 20 November) with a positive bottom-line result of USD 27 million (up 68.7%, from USD 16 million year-on-year) with the contingency reserve standing at a record high of USD 421 million (up 15.6%, from USD 364 million year-on-year).


Insurance Presentation for the Chios Marine Club

It is with pleasure and some pride that SM Sigma Maritime Technical Consultants announce the high-profile presentation entitled “The Insurance Perspective of Marine Disasters” that took place earlier this month.