Global insurance trends

New Association Aims to Minimise Cyber Risk at Sea

This week saw the launch of the International Maritime Cyber Security Organisation (IMCSO), an organisation which aims to raise the standard of cybersecurity risk assessment across the maritime industry. It’s surely a positive step in […]

Global insurance trends

Risk: Middle East Tensions in Focus For Container Xchange

Some insights on the tensions in the Middle East and how they might affect insurance brands, from Container Xchange; In a significant escalation of tensions in the Middle East, Iran’s capture of the MSC Aries, […]

Global insurance trends

Baltimore Bridge: Analysis & Comment From Container xChange

After the Baltimore Bridge incident there will a knock-on effect to US trade in particular and world trade in general, as container ships are re-routed. Here’s some analysis; In the aftermath of the Baltimore bridge […]

Global insurance trends

Baltimore Container Collision: Lessons to Learn, Data to Collate

There is some useful context from Allianz here, for the wider insurance sector not just Marine/Hull. The impact on supply chains, cargo delays, extra expenses plus the ongoing infrastructure rebuild locally, will all be considerable. […]

News

QBE Expands Marine Insurance Offer in Europe

Latest news from QBE; Australian insurer QBE has launched a marine offer that will insure international trade for European customers who want to be serviced locally. The marine insurance market has seen a strong performance […]

Global insurance trends

Supply Chain Risks: Taking The Temperature With Container xChange

Everyone knows that supply chains have suffered disruption since Covid19 and the inflation that naturally followed huge government borrowings and bailouts for both businesses and consumers. This survey looks at the nitty-gritty of global supply […]

Emerging Risk

Those `Green’ Lithium Batteries Are a Major Shipping Fire Risk

Some insights on Marine risk from Allianz Global; Lithium-ion (Li-ion) batteries are increasingly impacting shipping safety as demonstrated by a number of fires on vessels such as roll-on roll-off (ro-ro) car carriers and container ships. Given the many […]

Lloyd's/London Market

Risk Of Shipping Fire Is On The Rise

Although shipping losses have halved over the past decade, fires on board vessels remain among the biggest safety issues for the maritime industry, as demonstrated by incidents this week involving the Felicity Ace cargo/RoRo ship, which caught […]