As the maritime industry marks the centenary of the loss of the Titanic, a new study highlights that despite the advances in technology human error is still behind the vast majority of marine claims.
After two years of negotiations, The Lloyd’s Market Association (LMA) has said it has ended over two years of negotiations and finally reached an agreement over the insurance of troops and equipment by the United Nations.
With 2011 seeing the debate of the use of nuclear power intensified after the failures at the Fukushima nuclear plant in the wake of the Japanese tsunami and earthquake, a new facility has been announced this week for the placing of nuclear risks.
Research has found that the majority of risk and underwriting professionals believe premiums for commercial clients are likely to be wrong due to the way risk analysis reports are being compiled.
Munich Re has announced it has delivered a first for the underwriter with the agreement of a new coverage for the concentrated solar power (CSP) sector.
Lloyd’s Chief Executive Richard Ward has hit out at the global insurance industry for its decision not to meet the second worst claims year in history with a rise in premium rates.
Delegates at the World Space Risk Forum in Dubai were told the re/insurance market could be doing a lot more to meet the needs of the world’s satellite operators.
Asian reinsurance broking group PWS Labuan, has said it is to expand its broker and consultant team to enhance its services and product offering across the region.
Markel in Singapore has announced it is seeking to broaden its product offering in Asia, with the latest addition to its suite of products, Trade Credit Cover...
US Insurer HCC Medical Insurance Services, (HCCMIS), has issued a new guide for its policyholders ahead of Halloween, on how to survive an attack by zombies.
A new mapping study has revealed some of the world’s fastest growing populations are increasingly at risk from the impacts of climate related natural hazards and sea level rise...
French underwriter SCOR has admitted that it foiled an attempted fraud, involving the firm amid media claims it has been duped as part of an extortion plan.
The President and CEO of OIL Insurance said the mutual has changed fundamentally drawing on the lessons learned from the devastating hurricanes of 2005 and 2008.
A new offshore well liability cover has been launched by Munich Re in an effort to create a new level of risk coverage for catastrophic oil spill following well blow outs.
The insurance industry must meet the growing challenge of the systemic risk for the benefit of both the underwriters and their clients delegates were told on the opening day of the Seminar.
The global P&I market is facing a series of challenges and the global maritime market and the global economy undergo a periods of significant transition according to the ahead of the American P&I Club.
Marine and energy underwriters in the Lloyd’s market he said they will continue to push for further talks with U.S. politicians over the liability limits for oil pollution.
Ratings agency Standard & Poor’s says the threat of a huge leap in the liability for pollution spills is the biggest threat to the appetite for reinsurers to offer capacity to the marine and energy market.
As the debate over the ongoing moratorium on offshore drilling continues, a leading loss adjuster has said the decision to move many rigs from the Gulf of Mexico to other areas of the world where they can operate is creating new risk for underwriters to consider.
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