Archive for the ‘Insurance and Reinsurance’ Category

IUA welcomes Registration and Testing for Drone pilots

IUA welcomes Registration and Testing for Drone pilots
Chris Jones IUA welcomes Registration and Testing for Drone pilots Registration requirements and the introduction of an online test for UK drone operators have been welcomed by the International Underwriting Association (IUA). The safety measures have been promoted by the IUA for a number of years and...
December 5th, 2019 | Aviation, Insurance and Reinsurance, IUA | Read More

HFW | Clarification on Translation Requirements for Insurance Policies | November 2019

HFW | Clarification on Translation Requirements for Insurance Policies | November 2019
HFW | Clarification on Translation Requirements for Insurance Policies | November 2019 The UAE Insurance Authority has recently issued Administrative Decision No. 140 of 2019 Concerning the Exclusion of Some Insurance Policies From the Requirement of Being Written in the Arabic Language (the Decision)....
November 12th, 2019 | Insurance and Reinsurance, Legal | Read More

Grupo Stier celebrates its 25th anniversary with reception in the City of London

Grupo Stier celebrates its 25th anniversary with reception in the City of London
Ida Stier greeting captain Chris Adams Grupo Stier celebrates its 25th anniversary with reception in the City of London by James Brewer. Ida Stier, founder and chief executive of Grupo Stier, welcomed guests from many sectors of the maritime industry to a reception in London to mark the 25th anniversary...
October 26th, 2019 | Anniversaries, Claims, Company Profiles, Defense, Disputes, Events, Flags, Groundings, Health and Safety, Insurance and Reinsurance, Legal, Manning - Seafarers and Offshore, Marine Insurance, Maritime Accidents, Maritime Education and Training, News, P and I Clubs, People and Places, Person Profiles, Safety and Security, Salvage, Towage, Wreck Removals, Ship Agencies, WISTA - Women in Shipping | Read More

IUA establishes new London Market Construction Group

IUA establishes new London Market Construction Group
Michael Attwell IUA establishes new London Market Construction Group A new London market committee for underwriters providing professional indemnity cover to the construction industry has been established by the International Underwriting Association (IUA). A particular focus for the group will be issues...
October 23rd, 2019 | Construction, Insurance and Reinsurance, IUA | Read More

IUA publishes on-demand insurance report

IUA publishes on-demand insurance report
IUA publishes on-demand insurance report On-demand insurance will play a fundamental role in the future of the industry, new research published by the International Underwriting Association (IUA) states. Pay-as-you go models of cover will allow customers to automatically activate policies when and where...
October 16th, 2019 | Insurance and Reinsurance, IUA | Read More

London Company Market premium rises to £28.4bn

London Company Market premium rises to £28.4bn
Dave Matcham LONDON COMPANY MARKET PREMIUM RISES TO £28.4BN Premium income in the London company market has increased to £28.437bn, a new report by the International Underwriting Association (IUA) has shown. Gross written premium in London for 2018 was £19.559bn while a further £8.877bn was identified...
October 10th, 2019 | Insurance and Reinsurance, IUA, Marine Insurance, Reports | Read More

FCA General Insurance Pricing Practices Market Study – PwC comments

FCA General Insurance Pricing Practices Market Study – PwC comments
Mohammed Khan FCA General Insurance Pricing Practices Market Study – PwC comments Mohammad Khan, UK General Insurance Leader, PwC, said:  “Potential remedies to pricing and renewal processes can impact the industry hardest. The most significant are: restricting or banning pricing optimisation...
October 4th, 2019 | Insurance and Reinsurance | Read More

CCRIF Announces Final Payout Numbers of US$12.8 million to The Bahamas following Hurricane Dorian

CCRIF Announces Final Payout Numbers of US$12.8 million to The Bahamas following Hurricane Dorian
CCRIF Announces Final Payout Numbers of US$12.8 million to The Bahamas following Hurricane Dorian Grand Cayman, Cayman Islands, September 26, 2019. CCRIF announced today that it has made two payouts to the Government of The Bahamas totalling US$12.8 million (US$12,824,153) following the passage of Hurricane...
September 27th, 2019 | Claims, Earthquakes, Tsunamis, Cyclones and Typhoons, Health and Safety, Insurance and Reinsurance | Read More

HFW Insurance Bulletin: September 2019 Edition 1

HFW Insurance Bulletin: September 2019 Edition 1
Costas Frangeskides, Partner, Holman Fenwick Willan LLP HFW Insurance Bulletin: September 2019 Edition 1 In this issue: Regulation and Legislation; Court cases and arbitration; HFW publications and events 1. Regulation and legislation UK: ISPV regime – PRA proposes updates to its approach, but great...
September 26th, 2019 | Insight, Insurance and Reinsurance, Legal, Press and Media | Read More

HFW Hong Kong Insurance Briefing – September 2019

HFW Hong Kong Insurance Briefing – September 2019
Rosie Ng HFW Hong Kong Insurance Briefing – September 2019 Hong Kong Insurance briefing In this latest Insurance briefing, Rosie Ng provides an overview of the new statutory regime for Hong Kong Insurance Intermediaries, which comes into effect today. Key changes include: Regulated activities Fit...
September 23rd, 2019 | Insurance and Reinsurance, Legal | Read More

HFW to launch Monaco office with hire of market-leading team

HFW to launch Monaco office with hire of market-leading team
Paul Dean HFW to launch Monaco office with hire of market-leading team Global, sector-focused law firm HFW is launching an office in Monaco with the hire of a market-leading team to be led by partners Ian Cranston, Andrew Charlier and Marco Crusafio. The team, which will also include legal directors...
August 9th, 2019 | Company Profiles, Energy, Insurance and Reinsurance, Legal, Marine Insurance, News, Person Profiles, Shipmanagement, Yachting | Read More

HFW Insurance Bulletin: July 2019 Edition 2

HFW Insurance Bulletin: July 2019 Edition 2
Costas Frangeskides, Partner,Holman Fenwick Willan LLP HFW Insurance Bulletin: July 2019 Edition 2 In this issue: HFW publications and events; Regulation and legislation; Court cases and arbitration 1. HFW publications and events HFW launches new client videos on Insurtech and the SM&CR HFW has...
August 1st, 2019 | Insurance and Reinsurance, Legal | Read More

The BDI@2,064; a cause for CC …err Cautious Celebrations

The BDI@2,064; a cause for CC …err Cautious Celebrations
John Faraclas The BDI@2,064; a cause for CC …err Cautious Celebrations The BDI gained 53 points earlier on today and it’s only 173 points apart from that of the end of December 2013 when it stood at 2,247 (2,247 – 2,064= 173) Geopolitics? Well only the 12 Greek Gods know what’s next… Best one...
July 17th, 2019 | Charity, Clubs, Conferences, Seminars, Forums, Drill ships, EEZ, Energy, European Union, Insurance and Reinsurance, IT and Communications, Legal, Marine Equipment Products and Services, Marine Insurance, Organisations, Politics and Government, Technical, Technology | Read More

HFW Insurance Bulletin: July 2019 Edition 1

HFW Insurance Bulletin: July 2019 Edition 1
Costas FrangeskidesPartnerHolman Fenwick Willan LLP HFW Insurance Bulletin: July 2019 Edition 1  In this issue: In this issue: Court cases and arbitration; Market Developments 1. Court cases and arbitration England & Wales: Woodward v Phoenix: all’s fair in love and war? The Court of Appeal...
July 10th, 2019 | Insight, Insurance and Reinsurance, Legal, Marine Insurance | Read More

Member focus: Autonomous vessels

Member focus: Autonomous vessels
. Member focus: Autonomous vessels   Last year, the Club proudly launched a dedicated autonomous vessel P&I policy, the first of its kind in the world. The Club consulted owners, operators and manufacturers of autonomous vessels to ensure that we fully understood the needs of this specialist...
July 2nd, 2019 | Insurance and Reinsurance, Marine Insurance, P and I Clubs | Read More

New London Market Data Protection group established

New London Market Data Protection group established
Chris Jones New London Market Data Protection group established A new group is being established to tackle data protection issues in the London company market. Members of the International Underwriting Association (IUA) want to discuss the impact of the General Data Protection Regulation (GDPR) and other...
June 20th, 2019 | Insurance and Reinsurance, IUA, Marine Insurance | Read More

Bermuda delegation opens Toronto Stock Exchange

Bermuda delegation opens Toronto Stock Exchange
Bermuda delegation opens Toronto Stock Exchange Toronto, ON, June 19, 2019: Bermuda Finance Minister Curtis Dickinson did the honours at a market-opening ceremony held at the Toronto Stock Exchange (TSX) yesterday, accompanied by a delegation from the island. The group is in Toronto for a multi-industry...
June 19th, 2019 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Stock Markets | Read More

HFW Insurance Bulletin: June 2019 Edition 1

HFW Insurance Bulletin: June 2019 Edition 1
Costas FrangeskidesPartnerHolman Fenwick Willan LLP HFW Insurance Bulletin: June 2019 Edition 1 In this issue: Regulation and legislation; Court cases and arbitration; Market developments 1. Regulation and legislation UK: PRA Penalty for Outsourcing Failures The PRA has imposed a penalty of over £1...
June 15th, 2019 | Climate, Environment, Insurance and Reinsurance, Legal | Read More

IUA publishes Cyber Exclusion Clauses

IUA publishes Cyber Exclusion Clauses
Chris Jones IUA publishes Cyber Exclusion Clauses Two new London Market model clauses to help underwriters manage cyber losses have been published by the International Underwriting Association (IUA). The wordings have been developed in order to address issues of non-affirmative or ‘silent’ cover,...
June 5th, 2019 | Insurance and Reinsurance, IT and Communications, IUA, Marine Insurance | Read More

Average Adjusters are firmly equipped for hi-tech challenges, declare speakers at Association’s annual dinner

Average Adjusters are firmly equipped for hi-tech challenges, declare speakers at Association’s annual dinner
Top table at annual dinner 2019 of the Association of Average Adjusters Average Adjusters are firmly equipped for hi-tech challenges, declare speakers at Association’s annual dinner As the Association of Average Adjusters marks its 150th anniversary, members are geared up to deal with the new era of...
May 31st, 2019 | Anniversaries, Associations, Events, Insurance and Reinsurance, Marine Insurance | Read More

Cox to receive 2019 Fred Reiss Lifetime Achievement Award

Cox to receive 2019 Fred Reiss Lifetime Achievement Award
Jeremy Cox Cox to receive 2019 Fred Reiss Lifetime Achievement Award Hamilton, Bermuda, May 30, 2019: Jeremy Cox, Executive Chair of the Bermuda Monetary Authority (BMA), will receive the fourth Fred Reiss Lifetime Achievement Award at next month’s Bermuda Captive Conference, June 10-12. Cox, a...
May 30th, 2019 | Awards, Insurance and Reinsurance, Person Profiles | Read More

HFW Insurance Bulletin: May 2019

HFW Insurance Bulletin: May 2019
Costas Frangeskides, Partner, Holman Fenwick Willan LLP HFW Insurance Bulletin: May 2019 In this issue: Regulation and legislation; Court cases and arbitration. 1. Regulation and legislation UK: Innovation in financial services – FCA sets out progress and next steps The FCA’s Executive Director...
May 30th, 2019 | Insurance and Reinsurance, Legal | Read More

The BDI@1,082; Supras “spoil” the broth…

The BDI@1,082; Supras “spoil” the broth…
The BDI@1,082; Supras “spoil” the broth… John Faraclas The BDI (Baltic Dry Index) ended up 16 points earlier on today following the long weekend due to the spring Holiday as well as due to end of the European Union’s election process. Now if we have so far stressed the perplexed and enigmatic...
May 28th, 2019 | Arctic Shipping, Art and auctions, Associations, Charity, Chartering, Classification Societies, Climate, Construction, Consumers Market, Container shipping, Containers, Cruise Ferry, Cruise Industry, Dry Bulkcarriers, Emissions, Energy, Environment, European Union, Holidays, HR, IMO, Insurance and Reinsurance, IT and Communications, LNG, Manning - Seafarers and Offshore, Marinas, Maritime Art, Maritime Education and Training, Maritime Tourism, Markets, Mediterranean Shipping, News, Oceanology, Oil Industry, Organisations, Paintings and Sculpture, People and Places, Piracy and Terrorism, Politics and Government, Pollution, Ports & Terminals, Press and Media, Religion, Reports, Sailing, Shipping Centers, Shipping Indices, Short-sea shipping, Sports, Statistics, Stock Markets, Tankers, Tourism, Trade and Commerce, Weather, Yachting | Read More

Willum Richards hands over chairmanship of the Association of Average Adjusters on its 150th anniversary to Richard Cornah

Willum Richards hands over chairmanship of the Association of Average Adjusters on its 150th anniversary to Richard Cornah
Richard Cornah, Willum Richards hands over chairmanship of the Association of Average Adjusters on its 150th anniversary to Richard Cornah The Association of Average Adjusters, set for a memorable 150th anniversary after launching the celebrations at its annual general meeting on May 9, 2019, has chosen...
May 24th, 2019 | Associations, Insurance and Reinsurance, Marine Insurance, Person Profiles | Read More

AFL Insurance Brokers Appoints New UK CEO

AFL Insurance Brokers Appoints New UK CEO
Jonathan Bines AFL Insurance Brokers Appoints New UK CEO London, 9 May, 2019: Independent Lloyd’s broker AFL Insurance Brokers Ltd (AFL) is delighted to today announce the appointment of Jonathan Bines as CEO of AFL UK, as the business gears up for further international expansion in North America,...
May 9th, 2019 | Company Profiles, Insurance and Reinsurance, Person Profiles | Read More