This market has seen some easing from the larger rate increases of 2023, though insurers are very cautiou...
Nigeria: Authorities to raise issue of war risk insurance with foreign insurers
The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it would be engaging foreign insurance companies, including Lloyd's, to address the issue of war risk insurance placed on Nigeria-bound cargoes by shipping companies.
The Nigerian Maritime Administration and Safety Agency (NIMASA) has said that it would be engaging foreign insurance companies, including Lloyd's, to address the issue of war risk insurance placed on Nigeria-bound cargoes by shipping companies.
Article / 1 day ago
European Insurance Market Update Q1 2024
In this update we analyse the current European commercial lines insurance market based on the experiences of our WTW clients....
In this update we analyse the current European commercial lines insurance market based on the experiences of our WTW clients....
Article / 8 days ago
Insurance Marketplace Realities 2024 Spring Update – Marine cargo
Generally, the marine cargo market remains stable and, for accounts with a favorable loss ratio, continue to see close to flat rate renewals....
Generally, the marine cargo market remains stable and, for accounts with a favorable loss ratio, continue to see close to flat rate renewals....
Article / 16 days ago
Red Sea crisis: As tensions mount in Red Sea, freight charges, insurance premiums may surge further - The Economic Times
Heightened tensions between Iran and Israel are expected to increase freight charges and insurance premiums for shipping vessels on global routes. Ships bound for western European countries and the US are particularly at risk.
Heightened tensions between Iran and Israel are expected to increase freight charges and insurance premiums for shipping vessels on global routes. Ships bound for western European countries and the US are particularly at risk.
economictimes.indiatimes.com /
Article / 1 month ago
Insuring the Transportation of Gold
Discover how blockchain technology is impacting the insurance industry's approach to insuring the transportation of gold by enhancing transparency...
Discover how blockchain technology is impacting the insurance industry's approach to insuring the transportation of gold by enhancing transparency...
Article / 2 months ago
Cargo underwriters flag concern as rate reductions creep in
Underwriters said there was some cause for concern around reinsurance coverage....
Underwriters said there was some cause for concern around reinsurance coverage....
Article / 2 months ago
Baltimore incident likely to drive up marine insurance rates
Assuming the loss is significant, the likely outcome is “an increase in pricing,” said Marcus Baker, global head of marine, cargo, and logistics for Marsh LLC in London.....
Assuming the loss is significant, the likely outcome is “an increase in pricing,” said Marcus Baker, global head of marine, cargo, and logistics for Marsh LLC in London.....
Article / 2 months ago
Chubb-supported trucking program Mohave to stop underwriting at 1 April
The program established by trucking giant Knight Swift to write third-party business on Chubb and Harco paper and reinsured by its captive Mohave Transportation...
The program established by trucking giant Knight Swift to write third-party business on Chubb and Harco paper and reinsured by its captive Mohave Transportation...
Article / 2 months ago
Insurers foresee more cancellations, premium rise if Red Sea attacks persist - The Hindu BusinessLine
Indian general insurers adjust policies and premiums due to Red Sea disruptions, with potential long-term impacts on marine business.
Indian general insurers adjust policies and premiums due to Red Sea disruptions, with potential long-term impacts on marine business.
thehindubusinessline.com /
Article / 3 months ago
Denèfle: One ship sinking will be all it takes for Red Sea rate spike further - The Insurer
IUMI president Frédéric Denèfle believes it would only take one vessel sinking in the Red Sea to cause a significant further spike in insurance rates in the region....
IUMI president Frédéric Denèfle believes it would only take one vessel sinking in the Red Sea to cause a significant further spike in insurance rates in the region....
Video / 4 months ago
