Hiscox, the specialist global insurer, has developed a new security product to help protect shipping targeted by nation states. Malicious Vessel Seizure will respond to a single peril of a ship taken by a foreign […]
Jonathan Moss, head of transport and marine at global legal business, DWF, comments on the seizure of the British vessel in the Persian Gulf and the subsequent impact on insurance premiums. He said: “The seizure […]
TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year. Highlighted findings include: theft from road vehicles once more accounts for the […]
As most modern ships are controlled via software, rather than a Cap’n Birdseye character at the big wooden wheel, there is the danger that hackers could send your container loads of Toyota Hybrids to Timbuktu, […]
Concirrus, the marine analytics insurtech company, has agreed to work with TransRe, the global reinsurer, to jointly develop innovative data-driven reinsurance programmes for marine insurers worldwide. The teams will use Quest Marine data and analytics […]
RMS, a global risk modelling and analytics firm, has estimated that the insured loss for Japan from Typhoon Jebi will be between USD$3 billion and $5.5billion (¥340 to ¥620billion). This estimate is based on analysis of […]
Some news from the UK P&I Club; Senior Loss Prevention Executive, David Nichol at UK P&I, discusses the lessons learnt from a recent incident involving the failure of a cargo hose, resulting in an oil spill: […]
The UK Defence Club, the leading provider of FD&D (legal costs) insurance to the maritime industry, announces its financial results for the year ended 20 February 2018. Highlights: Ships entered totalled 4,200, an increase of […]
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