Archive for the ‘Insurance and Reinsurance’ Category

Comment: The withdrawal agreement and the impact on the insurance industry

Comment: The withdrawal agreement and the impact on the insurance industry
Bob Haken Norton Rose Fulbright insurance partner Bob Haken commented: “What the Political Declaration does say about financial services in general is that there will be commitments to “preserving financial stability, market integrity, investor protection and fair competition, while respecting the...
November 15th, 2018 | Comment, Insurance and Reinsurance, Legal, Marine Insurance | Read More

Global insurance and trade grapple with blockchain innovation

Global insurance and trade grapple with blockchain innovation
Prof Michael Mainelli. Global insurance and trade grapple with blockchain innovation By James Brewer Blockchain, a system that has seen substantial growth in 2018, holds out immense promise for mitigating business and financial risk, a conference in the heart of London’s insurance market heard. The...
November 15th, 2018 | Banking, Conferences, Seminars, Forums, Corruption, Finance, Insight, Insurance and Reinsurance, Marine Insurance, Maritime Fraud, Safety and Security, Shipfinance | Read More

ICRMC Bermuda brings out the top cyber experts – Register Today!

ICRMC Bermuda brings out the top cyber experts – Register Today!
Plan your trip to Bermuda in December and join global cyber leaders from Deloitte, Aon, Willis Towers Watson, AXA XL, Moody’s, AIG and more Take your place among a set of world-class cyber leaders including CISOs from Silicon Valley and Wall Street, global cyber leaders from insurance and industry,...
November 1st, 2018 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

Insurance Briefing: Dalamd Limited v Butterworth Spengler Commercial Limited: Causation and Some Limited Relief for Brokers

Insurance Briefing: Dalamd Limited v Butterworth Spengler Commercial Limited: Causation and Some Limited Relief for Brokers
Christopher Foster, Partner HFW In Dalamd Limited v Butterworth Spengler Commercial Limited1, the Commercial Court looked at, among other things, causation issues arising in negligence claims against insurance brokers. Whilst the court found that the defendant had breached its duty to the claimant...
October 29th, 2018 | Insurance and Reinsurance, Legal | Read More

New London Market Human Resources Group launched

New London Market Human Resources Group launched
Louise Day A new London Market group for human resources professionals has been established by the International Underwriting Association. The move comes in response to a growing number of regulatory changes and initiatives across the insurance sector to boost education, training, talent recruitment...
October 24th, 2018 | HR, Insurance and Reinsurance, IUA | Read More

Bermuda showcased in Miami as centre of excellence

Bermuda showcased in Miami as centre of excellence
A full house Hamilton, Bermuda, October 18, 2018 – Bermuda’s breadth of multi-industry expertise and opportunities the island offers the Latin American region were the focus of a full-day forum in downtown Miami yesterday organised by the Bermuda Business Development Agency (BDA). Some...
October 19th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance | Read More

Spirit of compromise thrives as Nordic Marine Insurance Plan heads for revision in 2019

Spirit of compromise thrives as Nordic Marine Insurance Plan heads for revision in 2019
Keith Jones of Aon Risk Solutions, John Martin of Gard and Paul Calvert of the International Underwriting Association The Nordic Marine Insurance Plan will continue to operate in a spirit of compromise and consensus amid modest amendments expected to emerge from the latest regular review of its clauses,...
October 18th, 2018 | Associations, Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

London company market income jumps to £26.3bn

London company market income jumps to £26.3bn
Premium income in the London company market has jumped to £26.314bn, a new report by the International Underwriting Association (IUA) has revealed. Gross written premium in London for 2017 was £18.331bn while a further £7.984bn was identified as written in other locations, but overseen and managed...
October 16th, 2018 | Insurance and Reinsurance, IUA, Marine Insurance, Reports | Read More

Clearwater works with Norway’s maritime war risk insurance club (DNK) to develop ground-breaking digital solutions for maritime insurance market

Clearwater works with Norway’s maritime war risk insurance club (DNK) to develop ground-breaking digital solutions for maritime insurance market
Clearwater Tracking and DNK have partnered to provide the first end-to-end truly digital platform for maritime insurance, operations and management, deploying advanced satellite technology from ORBCOMM for cost-effective, near real-time data on vessel position, breach reporting and other on-board information Poole,...
October 11th, 2018 | Insurance and Reinsurance, Marine Insurance, News, P and I Clubs | Read More

IMCA announces impending launch of code of conduct for members and “doing business without bribery” e-Learning module

IMCA announces impending launch of code of conduct  for members and “doing business without bribery”  e-Learning  module
Allen Leatt, CEO of IMCA Highly successful IMCA Contracts & Insurance Seminar attracts contractors, oil companies, legal and insurance firms Code of Conduct for IMCA members to be launched Q4 2018 IMCA-endorsed ‘Doing Business Without Bribery’ e-learning module lined-up for Q4 2018 launch Two...
October 3rd, 2018 | Associations, Bribery and Corruption, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, Regulatory | Read More

Miami Mayor Suarez to take part in Bermuda industry forum

Miami Mayor Suarez to take part in Bermuda industry forum
Bermuda Premier David Burt; Miami Mayor Francis Suarez Hamilton, Bermuda, September 20, 2018 – Miami Mayor Francis Suarez will join Bermuda Premier David Burt for a “fireside chat” kicking off next month’s multi-industry forum being held in his city by the Bermuda Business...
September 20th, 2018 | Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance | Read More

Richard Turner elected President of IUMI

Richard Turner elected President of IUMI
Richard Turner 19 September, Cape Town. Richard Turner, European Director of Global Risk Solutions at RSA Insurance Group has been elected President of the International Union of Marine Insurance (IUMI). In accordance with the Articles of Association, IUMI’s Council formally elected Richard at...
September 19th, 2018 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, News, Person Profiles | Read More

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI

Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
Sean Dalton On Tuesday 18 September – Sean Dalton, the International Union of Marine Insurance (IUMI) Cargo Committee Chair reported that the marine cargo market remained the largest commercial marine line of business in terms of premium income. IUMI’s 2017 statistics showed global cargo premiums...
September 19th, 2018 | Events, Conferences,Forums and Symposiums, Insurance and Reinsurance, Marine Insurance | Read More

Naval Dome calls on Insurers to revoke Clause CL 380

Naval Dome calls on Insurers to revoke Clause CL 380
Itai Sela Naval Dome has called on marine insurers to revoke the controversial Clause CL 380 and implement policies that insure against the risk of cyber-attacks on ship systems. Speaking in Cape Town, South Africa, today during the International Union of Marine Insurance’s (IUMI) annual conference,...
September 19th, 2018 | Bribery and Corruption, Comment, Conferences, Seminars, Forums, Corruption, Events, Insight, Insurance and Reinsurance, Marine Insurance, News, Safety and Security | Read More

HFW Insurance Bulletin 14 Sept 2018

HFW Insurance Bulletin 14 Sept 2018
Costas Frangeskides, Partner, Holman Fenwick Willan LLP In this week’s Bulletin: 1. REGULATION AND LEGISLATION UK: No-deal Brexit – More details published on the “Temporary Permissions Regime”    2. COURT CASES AND ARBITRATION Australia: Combustible cladding claims: who pays and...
September 14th, 2018 | Insight, Insurance and Reinsurance, News, Reports | Read More

IMCA Contracts & Insurance seminar attracts impressive list of speakers and delegates

IMCA Contracts & Insurance seminar attracts impressive list of speakers and delegates
Allen Leatt Back to the Negotiating Table – Working Together Speakers and delegates from oil companies, contractors and the legal and insurance sectors to attend IMCA Seminar Exploring new ways for oil companies and contractors to work together on sharing risks and liabilities The programme for the...
September 13th, 2018 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance | Read More

Axco Political Risk and Trade Credit (Re)Insurance report 2018

Axco Political Risk and Trade Credit (Re)Insurance report 2018
Jolle Wever Political risk and trade credit (re)insurance in high demand: Axco report Axco Insurance Information Services (Axco) has published an overview of the political risk insurance (PRI) market and forecasts potential reforms and developments in global territories. The report summarises the changes...
September 10th, 2018 | Insurance and Reinsurance, Markets, Reports | Read More

Ebix Europe Launches Unique PPL Integration Service

Ebix Europe Launches Unique PPL Integration Service
Ebix Europe Launches Unique PPL Integration Service for Brokers and Vendors London, Tuesday 4th September, 2018: Ebix Europe, electronic messaging communications specialists for the global (re)insurance market, today announces the launch of the first phase of the EbixExchange Integration Service. The...
September 4th, 2018 | Insurance and Reinsurance, IT and Communications, Marine Insurance | Read More

More infrastructure support required to facilitate insurance for Arctic sailings, urges IUMI

More infrastructure support required to facilitate insurance for Arctic sailings, urges IUMI
Helle Hammer, IUMI Policy Forum Chair The change in ice conditions is opening the high Arctic as a trade route, fishing ground and potential tourism destination; but more infrastructure support is required to facilitate the provision of adequate insurance, says IUMI in a position paper released today. Helle...
August 29th, 2018 | Arctic Shipping, Fisheries, Insurance and Reinsurance, Marine Insurance, Oceanology | Read More

Brexit ‘nightmare’ for industry unless government breaks political deadlock

Brexit ‘nightmare’ for industry unless government breaks political deadlock
Giving insurance a voice: Brexit ‘nightmare’ for industry unless government breaks political deadlock We are delighted to introduce our latest report – Brexit and the insurance sector: Towards 2020 and beyond – as part of Kennedys’ ongoing commitment to providing key business insights...
August 10th, 2018 | Insurance and Reinsurance, Marine Insurance, Reports | Read More

IUA issues new Brexit contract continuity clause

IUA issues new Brexit contract continuity clause
Chris Jones A second Brexit contract continuity clause has been published by the International Underwriting Association. Last month the association issued a policy clause to help companies manage insurance contracts as the UK leaves the European Union and this has now been followed up with a supporting...
July 27th, 2018 | Associations, European Union, Insurance and Reinsurance, IUA, Marine Insurance | Read More

IUA comment on mutualisation of motor terrorism risks

IUA comment on mutualisation of motor terrorism risks
Chris Jones The IUA has welcomed a vote by UK motor insurers to mutualise risks for terrorism claims. The Motor Insurance Bureau (MIB), a not-for-profit body which deals with uninsured ‘hit and run’ accidents, will in future provide compensation for victims of vehicle-related terrorist events. Members...
July 23rd, 2018 | Insurance and Reinsurance, IUA, Piracy and Terrorism | Read More

Kingsbridge Group announces senior promotions

Kingsbridge Group announces senior promotions
Left to right Liam Green James Ledingham Thomas Wynne 23 July 2018 –  Kingsbridge Group (“Kingsbridge”), the UK’s leading provider of specialist insurance services to contractors, freelancers and the recruitment industry, has announced a number of senior promotions within its Kingsbridge...
July 23rd, 2018 | Company Profiles, HR, Insurance and Reinsurance, Person Profiles | Read More

IUA published Cyber Insurance and Business interruption report

IUA published Cyber Insurance  and Business interruption report
Matthew Hogg The market for cyber business interruption cover is complex and the protection offered by different policies can vary widely, according to a new report from the International Underwriting Association. Most current business interruption coverages are standalone policy extensions, the triggers...
July 23rd, 2018 | Insurance and Reinsurance, IUA, Marine Insurance, Reports | Read More

Final chance to enter nominations for the IMRF Awards 2018

Final chance to enter nominations for the IMRF Awards 2018
… The IMRF Awards offer an invaluable way to raise awareness of the excellent work done by all those involved in maritime search and rescue “There are just a few days left before the deadline for nominations for the IMRF Awards 2018 on Tuesday 31 July. Nominations can be made online (http://www.imrfawards.org/nomination-form-imrf-awards)...
July 23rd, 2018 | Associations, Awards, Earthquakes, Tsunamis, Cyclones and Typhoons, Events, Health and Safety, Insurance and Reinsurance, Marine Insurance, Maritime Accidents, Safety and Security, Salvage, Towage, Wreck Removals | Read More