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Marine tag returned 132 results

  • 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
  • P&I clubs in a low-growth world

    "The P&I system is doing a fantastic job of providing affordable insurance to ship owners," said BW Group chairman Andreas Sohmen-Pao at the International Group of P&I clubs inaugural VIP briefing in Singapore yesterday.

    Asia | 06 Dec 2019
  • Clubs are a big buyer of (captive) reinsurance

    The International Group of P&I clubs (IG) chairman Paul Jennings, speaking at its inaugural VIP briefing in Singapore yesterday, noted that the choice of Singapore as the launch pad for the event was a testament to "the importance of Asia to the future of protection and indemnity (P&I)."

    Asia | 06 Dec 2019
  • Singapore's maritime revolution 4.0

    The International Group of P&I Clubs held its inaugural VIP briefing in Singapore today under the theme of 'collectively stronger'.

    Asia | 05 Dec 2019

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