Gard was founded in 1907 by shipowners who were unwilling to expose themselves, through a mutual insurance arrangement, to the perceived new risks of steam propulsion. Now the wheel is turning full circle and increasingly shipowners are looking to retrofit or buy newbuilds incorporating wind propulsion technology. But what risks might that new equipment pose, and how will marine insurers react to them
Among International Group P&I Clubs, there have been 858 injuries and 31 fatalities involving mooring operations during the five-year period to 2021. In order to raise the awareness of mooring safety, the International Group launched a mooring operation safety video accompanied by guidance materials highlighting the factors and influencing circumstances on human performance in the lead up to and during mooring operations.
Skuld today announced its continued commitment to sustainable shipping by signing the Poseidon Principles for Marine Insurance.
Through Transport Mutual Insurance Association Limited (TT Club) is acutely aware of the requirements of all enterprises to take responsibility for achieving a sustainable future for the natural environment and to go further by adhering to the wider environmental, social and governance (ESG) aims. By applying the principles of this United Nations’ initiative, TT Club is underlining its commitment in a way that is relevant to its global risk management and insurance operations.
Approvals from Competition and Regulatory Authorities are a major step in plan to merge North and Standard Club and establish NorthStandard.
NorthStandard’s planned launch on 20th February 2023 will immediately see the merged organisation becoming one of the largest providers of mutual cover in the maritime industries, with over 300 years of shared P&I heritage and consolidated annual premiums of around US$750 million.
West of England P&I Club is pleased to announce that the Club has returned an underwriting surplus for the first time in five years in its 20 August financial results, with a combined ratio of 97.9% at the mid-year point.
The International Group of Protection and Indemnity Clubs (IGP&I) has set out its Sustainability report and updated Correspondents Guidelines to the global network of Protection and Indemnity (P&I) Correspondents listed by its constituent Clubs during its 2022 Correspondents Conference in London, United Kingdom. Both frameworks seek to leverage the collective strength of the IGP&I’s 13-member Clubs and the 65,000 ship owners they represent to further enhance sustainability, safety and best practice across the marine industry.
The Poseidon Principles for Marine Insurance create a common global baseline for assessing and disclosing the alignment of marine insurance portfolios with climate goals.
The marine insurance industry needs to embrace data better if it is to successfully implement ESG aspirations, says Patrizia Kern, Chairperson of IUMI’s Data & Digitalization Forum.
Gard was founded in 1907 by shipowners who were unwilling to expose themselves, through a mutual insurance arrangement, to the perceived new risks of steam propulsion. Now the wheel is turning full circle and increasingly shipowners are looking to retrofit or buy newbuilds incorporating wind propulsion technology. But what risks might that new equipment pose, and how will marine insurers react to them
Among International Group P&I Clubs, there have been 858 injuries and 31 fatalities involving mooring operations during the five-year period to 2021. In order to raise the awareness of mooring safety, the International Group launched a mooring operation safety video accompanied by guidance materials highlighting the factors and influencing circumstances on human performance in the lead up to and during mooring operations.
Skuld today announced its continued commitment to sustainable shipping by signing the Poseidon Principles for Marine Insurance.
Through Transport Mutual Insurance Association Limited (TT Club) is acutely aware of the requirements of all enterprises to take responsibility for achieving a sustainable future for the natural environment and to go further by adhering to the wider environmental, social and governance (ESG) aims. By applying the principles of this United Nations’ initiative, TT Club is underlining its commitment in a way that is relevant to its global risk management and insurance operations.
Approvals from Competition and Regulatory Authorities are a major step in plan to merge North and Standard Club and establish NorthStandard.
NorthStandard’s planned launch on 20th February 2023 will immediately see the merged organisation becoming one of the largest providers of mutual cover in the maritime industries, with over 300 years of shared P&I heritage and consolidated annual premiums of around US$750 million.
West of England P&I Club is pleased to announce that the Club has returned an underwriting surplus for the first time in five years in its 20 August financial results, with a combined ratio of 97.9% at the mid-year point.
