Marine
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Rhine spillage hits ship owners and industry
With the Rhine still closed to ships travelling downriver companies and ship owners alike have been hit with business interruption…
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Somalia still a concern as record numbers taken by pirates in 2010
The number of hostages taken at sea in 2010 rose to an all time high, the International Chamber of Commerce…
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Brokers on track to deliver Munich Re’s oil risk consortium plan
Reinsurance brokers Guy Carpenter and Willis Re have confirmed that they are working alongside Aon Benfield as placement advisors for…
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Tackling shipping emissions and its regulation on the agenda
The European Commission (EC) has published the first comprehensive overview of the problem of shipping emissions as debate around regulatory…
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P&I clubs bounce back but challenges remain say Willis
Despite good underwriting results in the Protection and Indemnity (P&I) market, record claims levels and a continuing gap in the…
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Piracy shifts to Indian Ocean and east coast of Africa
The last three months has seen pirate activity shift from the Gulf of Aden to the Indian Ocean and along…
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Surplus capacity in marine market questioned by Willis
Brokerage Willis has questioned why the marine insurance market is attracting surplus capacity despite the fact that there is little…
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Somali pirates extend scope of attacks
Somali pirates have continued to expand the scope of their attacks in the first nine months of 2010 and for…
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P&I clubs weather stormy conditions
Barring any external factors of 'seismic proportions', market conditions are likely to restrict any general premium increase at the February…
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New EU rules will ‘name and shame’ less safe shipping companies
The European Commission has adopted new rules to enhance and improve the safety performance of ships, which will include the…
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E.C. opens formal investigation into P&I market
The European Commission has opened formal proceedings into whether certain provisions that accompany claim-sharing and joint-reinsurance agreements in the marine…
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Buyers and insurers seek options as piracy risk leaps
The recent spate of piracy attacks in the Gulf of Aden means ship owners face rising costs. Ben Norris reports…