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Sep 2014

Global News


Expansion plans for Panama Canal pose new challenges for maritime industry

The value of insured goods transiting the Panama Canal which celebrated its 100th anniversary last month, may increase by over US$1 billion per day following completion of the "Third Set of Locks Project", which will see two new sets of locks constructed, creating a third transit lane for larger ships.

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Endurance-Aspen fight ends

It was a courtship that started as early as the beginning of this year as Bermuda-based Endurance tried to engage Bermuda-based Aspen in "confidential and friendly dialogue" but were rebuffed by the Aspen management.

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Markel applies for Dubai insurance licence

Markel International has applied to the Dubai Financial Services Authority (DFSA) to establish a company to operate within the Dubai International Financial Centre (DIFC).

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