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Marine tag returned 107 results

  • Middle East: Tanker insurance costs rise following latest attacks

    Insurance costs for ships sailing through the Middle East have increased by at least 10% after attacks on two tankers in the Gulf of Oman on 13 June, with the potential for costs to rise further as regional tensions escalate, reported Reuters quoting ship insurers.

    Middle East | 16 Jun 2019
  • Asia Pacific: Region accounts for nearly 50% of global shipping losses in 2018

    Asia Pacific waters remain the top shipping loss region, accounting for 45% of losses globally in 2018, according to Allianz Global Corporate & Specialty SE's (AGCS) Safety & Shipping Review 2019.

    Asia | 05 Jun 2019
  • Middle East: London market widens list of waters deemed as high risk for shipping

    London's marine insurance market has widened the list of areas deemed high risk to include waters off Oman, the UAE and the Persian Gulf after ship attacks off Fujairah, in a move that could push up premiums, reported Reuters.

    Middle East | 19 May 2019
  • Saudi Arabia: Local insurers among biggest fallers following tanker attacks

    Saudi stocks suffered their biggest single-day decline since last October on Monday following the tanker attacks off the coast of the UAE, according to media reports. Saudi Arabia's index declined 3.6%. Other Gulf markets were also in the red with Dubai index plunging 2.8% and Abu Dhabi index falling by 2.5%.

    Middle East | 15 May 2019
  • Malaysia: Global insurer sets up retakaful window

    The Labuan branch of Allied World has established a retakaful window which will cater to both consumer and commercial general retakaful prospects. The window spans across property, casualty, professional lines, healthcare liability, marine cargo, construction and engineering as well as group personal accident.

    Asia | 03 May 2019
  • Qatar: QIC reports 15% increase in net profit in 1Q2019

    Qatar Insurance Company (QIC) has reported a net profit of $75m for the first quarter of 2019 compared to $65m in the same period in 2018, according to a press statement. This 15% increase is attributed to improving underwriting results and resilient investment income.

    Middle East | 01 May 2019
  • Insurers well placed to handle risk of marine casualty: The Standard Club

    Asia Insurance Review caught up with The Standard Club director of claims Sam Kendall-Marsden at the 3rd Asian Marine Casualty Forum (AMCF) held earlier this month in Singapore. In his interview, Mr Kendall-Marsden discussed how P&I clubs collaborate broadly across industry issues and work together to counter the risk of maritime casualties. He also shared his outlook on the issue of marine casualty in the coming years.

    AIRPlus | 26 Apr 2019
  • Singapore hosts Asian Marine Casualty Forum this week

    Over 500 representatives from the maritime and insurance industries worldwide are expected to attend the third edition of the Asian Marine Casualty Forum (AMCF) this week on 11 and 12 April 2019 at the Marina Bay Sands Singapore. Organised biennially by marine and engineering consultancy LOC since 2015, the forum is a non-profit event during the Singapore Maritime Week and its theme for this year is 'Marine casualties in the 21st century - is the industry coping?'

    Asia | 10 Apr 2019
  • UAE: Insurance body looks at building liability & marine insurance and reinsurance

    The Emirates Insurance Association (EIA) has announced that a compulsory 10-year insurance scheme for building projects, providing cover against design and construction defects, will be introduced in the UAE.

    Middle East | 06 Mar 2019
  • Hong Kong: Finance Academy to be established in mid-June

    The Hong Kong government will establish the Academy of Finance in mid-2019 to promote financial leadership development, according to Financial Secretary Paul Chan in his Budget address for the 2019-2020 fiscal year on 27 February.

    Asia | 01 Mar 2019

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