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Marine tag returned 135 results

  • West Africa: Rise in kidnappings by pirates in the last 18 months

    The recent rise in kidnappings in West Africa within the last 18 months, and is likely driven by a rational cost/benefit analysis of the risks piratical groups face, says maritime security and risk intelligence firm Dryad Global.

    Africa | 27 Jan 2020
  • Gulf: Marsh sees higher demand for coverage against political violence

    Marsh, one of the world's largest insurance brokers and risk advisers, has seen a spike in clients' enquiries for political violence cover in the Gulf after attacks on tankers and oil installations rattled the region last year, reported Reuters.

    Middle East | 26 Jan 2020
  • North P&I Club launches new cybersecurity initiative

    North P&I Club has launched a new initiative to help its members better understand their vulnerabilities to cyber risk and improve their cybersecurity ahead of the International Maritime Organisation's (IMO) January 2021 deadline for safety compliance. As part of the initiative, North has partnered with HudsonCyber to offer its members access to the HACyberLogix platform.

    Asia Risk | 22 Jan 2020
  • India: Marine insurers caught between US and Iran

    Indian insurers are under pressure in the wake of recent events involving US and Iran, with reinsurers turning wary and increasing premiums on coverage for crude oil shipments to India.

    Asia | 16 Jan 2020
  • Middle East: Insurers expected to revise covers and premiums amidst higher US-Iran tensions

    The latest chapter of turbulence in the Middle East will undoubtedly lead to insurers and reinsurers, particularly in lines such as hull, war, piracy, terrorism, cargo and construction raising premiums, renegotiating terms of cover and introducing riders and endorsements to policies to reflect the increased risks of trading in the region, said Mr Jonathan Moss, head of marine and trade at DWF, a multinational law firm headquartered in Manchester.

    Middle East | 13 Jan 2020
  • Middle East: Korean Re and marine insurers watching Gulf

    Korean Reinsurance and marine insurers are keeping a close eye on the ongoing tensions between the US and Iran as the companies may face worsening profitability if there are any incidents involving vessels sailing through the Strait of Hormuz, according to industry officials.

    Middle East | 13 Jan 2020
  • Gulf: Joint War Committee declares "No dramatic change" to maritime strategic situation

    The Joint War Committee (JWC) in London has commented that, based on current information, there is no dramatic change to the strategic maritime picture at present.

    Middle East | 09 Jan 2020
  • UAE: Inaugural maritime insurance roundtable discusses strategies

    To enhance the competitiveness of the marine insurance sector, the "Maritime Insurance Roundtable" was held yesterday, with this initiative being the first of its kind in the UAE, says the law firm Fichte & Co which organised the event.

    Middle East | 11 Dec 2019
  • Hong Kong: Govt moves to introduce much awaited marine insurance tax incentive

    An amendment Bill to implement the tax relief proposals for marine insurance and specialty insurance will be introduced in the lawmaking body, the Legislative Council, next week.

    Asia | 11 Dec 2019
  • Four geopolitical risks could cripple marine insurance, says IUMI report

    The future of the global marine insurance sector remains uncertain against a risk landscape marred by the ongoing US-China trade conflicts, hostilities in the Middle East, rising levels of debt and political insecurity in many areas.

    Asia | 06 Dec 2019


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