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Marine Insurance

Marine insurance is experiencing a period of rapid change, with a prolonged struggle to deliver underwriting profit forcing companies to reevaluate their proposition and the need to modernise. The class of business on which Lloyd’s was founded, the marine market is now navigating through a transitional period as it embraces technological reform and looks to rebuild its profit margin against a challenging operational backdrop.

Marine

Has Brexit changed the appetite for London arbitrations?

London has long been a hub for international dispute resolution cases, but Brexit may alter that

Europe Brexit

'Alternative fuel confusion is biggest exposure for marine risk market'

Insurers have a critical role in bringing clarity to the alternative fuel debate and building consensus among maritime industry players

Risk Management Marine

Supreme Court warns on voyage planning and unseaworthiness

Setting sail with a defective voyage plan that endangered the safety of the ship constituted unseaworthiness

United Kingdom Marine

UK's underinsured ports are 'highly exposed to catastrophe liability event'

Changes in the liability landscape mean the third-party liability cover held by most ports is woefully insufficient to cover the cost of a multiple serious personal injury claim event, experts warn

United Kingdom Marine

Standard Club strengthens Asia presence amid rising claims costs

The continued spread of Covid in Asia, and claims arising in more expensive jurisdictions, have increased the frequency and the average size of P&I claims, says P&I club’s regional managing director

Marine Asia Pacific

Focus: Port congestion is a fundamental challenge for marine insurers

International trade flows have become significantly more concentrated over the past few years, with $7.5trn – 50% of all global trade – now flowing through 50 key ports

Marine International

Focus: London marine market must learn from the past – or suffer the consequences

If carriers insist on adopting historically rooted modes of behaviour, rate softening will spread and gather pace at a time when the marine insurance market is at a tipping point

Marine International

Focus: Co-ordinated action essential to mitigate maritime supply chain crisis

Supply chain issues enable shipowners to obtain higher freight rates and offset increased costs, including the cost of insurance, but a more comprehensive solution is needed to avoid a global recession

Claims Management Marine
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