Posts Tagged ‘IUMI’

Concerns remain for global marine underwriting, says IUMI

Concerns remain for global marine underwriting, says IUMI
Concerns remain for global marine underwriting, says IUMI Whilst in general, major losses remain stable, the continued erosion of the global premium base means that attritional losses are becoming much more significant. The increased risk of large, more complex and costly claims has the potential to...
April 25th, 2019 | Events, Conferences,Forums and Symposiums, Marine Insurance | Read More

IUMI confronts trade ‘chaos’ as it strives to protect insured clients

IUMI confronts trade ‘chaos’ as it strives to protect insured clients
Richard Turner, IUMI president. IUMI confronts trade ‘chaos’ as it strives to protect insured clients By James Brewer London’s marine insurance market is going through one of its toughest periods in recent years, the president of the International Union of Marine Insurance has warned. The twin...
February 7th, 2019 | Conferences, Seminars, Forums, Marine Insurance | Read More

IUMI Eye December 2018 Edition published

IUMI Eye December 2018 Edition published
Viewers can see herebelow the link to the International Union of Marine Insurance (IUMI –www.iumi.com) latest edition of the informative IUMI Eye, published today: IUMI EYE December 2018 A few of the key stories include: –          Message from the President –         ...
December 13th, 2018 | Associations, Communication, 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

Now is the time to manage the “unthinkable” risks, says IUMI President

Now is the time to manage the “unthinkable” risks, says IUMI President
Dieter Berg Opening this year’s International Union of Marine Insurance (IUMI) annual conference yesterday in Cape Town, South Africa, IUMI President Dieter Berg impressed on delegates the need to manage “unthinkable” risks. He highlighted a series of losses that, until recently, would...
September 18th, 2018 | Associations, Conferences, Seminars, Forums, Marine Insurance, News | Read More

Caution remains the watchword for global marine insurance, says IUMI

Caution remains the watchword for global marine insurance, says IUMI
Mark Edmondson Hull casualty frequency stabilising; cargo insurance firming-up; offshore energy prospects improving. Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, the International Union of Marine Insurance (IUMI) gives expert opinion on...
March 27th, 2018 | Conferences, Seminars, Forums, Marine Insurance, News | Read More

Offshore energy insurance market is “sinking”, warns IUMI

Offshore energy insurance market is “sinking”, warns IUMI
At today’s annual IUMI (International Union of Marine Insurance) conference in Tokyo, James McDonald, chairman of IUMI’s Offshore Energy Committee warned that the sector was “sinking”. His warning was based on declining total premium income set alongside upstream energy large...
September 19th, 2017 | Energy, Marine Insurance | Read More

IUMI calls for improved firefighting systems on board container vessels

IUMI calls for improved firefighting systems on board container vessels
Helle Hammer. With the growing size of container vessels, and a recent spate of fires on board these ships, IUMI is concerned that current firefighting provisions are insufficient.  The International Union of Marine Insurance (IUMI) has published today – Tuesday 19 September – a position...
September 19th, 2017 | Associations, Conferences, Seminars, Forums, Marine Insurance, Maritime Accidents | Read More

IUMI gets ready for 2017 conference in Tokyo

IUMI gets ready for 2017 conference in Tokyo
.. IUMI gets ready for 2017 conference in Tokyo By James Brewer Planning is well underway at the General Insurance Association of Japan to host the 2017 conference of the International Union of Marine Insurance, from September 17-20 in Tokyo. The IUMI flag was handed over to the Japanese delegation...
December 2nd, 2016 | Associations, Conferences, Seminars, Forums, Marine Insurance | Read More

Accumulation management: does it matter to a marine insurer?

Accumulation management: does it matter to a marine insurer?
Richard Turner. Accumulation management: does it matter to a marine insurer? By James Brewer Accumulation concerns in insurance are building for the future, Richard Turner, global marine director of RSA, told the 2016 conference of the International Union of Marine Insurance.  The phenomenon is about...
December 1st, 2016 | Conferences, Seminars, Forums, Marine Insurance | Read More

Hackers geared for new attacks on shipping…

Hackers geared for new attacks on shipping…
Yohan Le Gonidec. Hackers geared for new attacks on shipping, says class society expert By James Brewer Maritime interests must step up their defences against the threat of serious cyber attacks, an expert associated with classification society Bureau Veritas has urged. Yohan Le Gonidec, head of the...
November 5th, 2016 | Associations, Classification Societies, Conferences, Seminars, Forums, Corruption, Events, Insight, IT and Communications, Marine Insurance, News | Read More

New Asian hub for IUMI

New Asian hub for IUMI
IUMI President, Dieter Berg Today, in Hong Kong, the International Union of Marine Insurance (IUMI) announced the opening of a new overseas hub in Asia – this is the first time in the organisation’s 142 year history that it has established a permanent presence outside of Europe. Making the announcement...
October 24th, 2016 | Associations, Conferences, Seminars, Forums, Marine Insurance | Read More

RINA foresees big advance for 3D-printing in shipping and offshore

RINA foresees big advance for 3D-printing in shipping and offshore
Ugo Salerno begins his address. RINA foresees big advance for 3D-printing in shipping and offshore  By James Brewer Ugo Salerno, chairman and chief executive of classification society RINA, has strongly reiterated his organisation’s backing for additive manufacturing, or 3D printing as it is more...
October 18th, 2016 | Classification Societies, Conferences, Seminars, Forums, Marine Insurance | Read More

Potential accumulation losses threatening the financial stability of insurance companies

Potential accumulation losses threatening the financial stability of insurance companies
Dieter Berg Potential accumulation losses threatening the financial stability of insurance companies, says IUMI President Closing this year’s IUMI 2016 marine insurance conference in Genova today, IUMI President, Dieter Berg expressed concern over the increasing number of large marine losses and their...
September 23rd, 2016 | Associations, Events, Conferences,Forums and Symposiums, Marine Insurance | Read More

Explosive cocktail of challenges ahead for marine insurers, says IUMI president

Explosive cocktail of challenges ahead for marine insurers, says IUMI president
Dieter Berg Explosive cocktail of challenges ahead for marine insurers, says IUMI president  By James Brewer Marine insurers will have to deal with “an explosive cocktail” of challenges in the period ahead, Dieter Berg, president of the International Union of Marine Insurance, said in his...
September 21st, 2016 | Conferences, Seminars, Forums, Marine Insurance | Read More

Gloomy outlook for offshore energy insurance sector blighted by falling premium base and increased volatility, says IUMI

Gloomy outlook for offshore energy insurance sector blighted by falling premium base and increased volatility, says IUMI
Simon Williams Gloomy outlook for offshore energy insurance sector blighted by falling premium base and increased volatility, says IUMI Speaking at yesterday’s IUMI Genova conference, Simon Williams, Chairman of IUMI’s offshore energy committee, warned that the offshore energy sector was facing a...
September 21st, 2016 | Associations, Energy, Events, Conferences,Forums and Symposiums, Marine Insurance | Read More

Maintain anti-piracy naval force, IUMI delegates urge

Maintain anti-piracy naval force, IUMI delegates urge
Helle Hammer Maintain anti-piracy naval force, IUMI delegates urge By James Brewer A renewed call for the international community to maintain a vigorous stance against maritime piracy has been made at the 2016 annual conference of the International Union of Marine Insurance. Helle Hammer, chair...
September 20th, 2016 | Conferences, Seminars, Forums, Health and Safety, Military, Piracy and Terrorism, Safety and Security | Read More

Global ocean hull premiums down in 2015 and sector faces increasing volatility and risk, reports IUMI

Global ocean hull premiums down in 2015 and sector faces increasing volatility and risk, reports IUMI
Mark Edmondson Global premium income related to ocean hull insurance for 2015 was down by 8.4% compared with the previous year and totalled USD 7.5 bn. Although the global fleet continued to grow, average insured vessel values fell and this had impacted negatively on premium income. Although global...
September 20th, 2016 | Associations, Events, Conferences,Forums and Symposiums, Marine Insurance | Read More

IUMI president warns of challenges of insuring billion dollar ships

IUMI president warns of challenges of insuring billion dollar ships
Dieter Berg IUMI president warns of challenges of insuring billion dollar ships,  By James Brewer Insurers face huge challenges with the advent of what amounts to the billion dollar (in terms of risk exposures) cargoship, IUMI president Dieter Berg warned as he opened the organisation’s 2016...
September 19th, 2016 | Associations, Conferences, Seminars, Forums, Marine Insurance | Read More

Global marine underwriting premiums down by 10.5%…

Global marine underwriting premiums down by 10.5%…
Astrid Seltmann Global marine underwriting premiums down by 10.5%; continued uncertainty lies ahead, warns IUMI IUMI – the International Union of Marine Insurance – unveiling its annual statistical report on the marine insurance market at today’s conference in Genova, announced global underwriting...
September 19th, 2016 | Associations, Environment, Events, Conferences,Forums and Symposiums, Marine Insurance | Read More

New IUMI Eye (September 2016 Edition) published today

New IUMI Eye (September 2016 Edition) published today
Viewers can see below the link to International Union of Marine Insurance (IUMI – www.iumi.com) latest edition of the informative IUMI Eye, published today: September edition of the IUMI Eye. A few of the key stories include: –          Message from the President –         ...
September 19th, 2016 | Insurance and Reinsurance, Marine Insurance, Press and Media, Reports | Read More

New IUMI Eye published today…

New IUMI Eye published today…
Dieter Berg Viewers can see below the link to International Union of Marine Insurance (IUMI –www.iumi.com) latest edition of the informative IUMI Eye, published today: http://www.iumi.com/images/gillian/IUMI_Eye/IUMI_Eye_2016-03.pdf  A few of the key stories include: Message from the President New...
March 16th, 2016 | Associations, Communication, Insurance and Reinsurance, Marine Insurance, Reports | Read More

New casualty prompts IUMI to reiterate concern…

New casualty prompts IUMI to reiterate concern…
Dieter Berg New casualty prompts IUMI to reiterate concern about “recurring losses” of car carriers By James Brewer Roll-on roll-off car carriers are back as a top concern for underwriters after a serious new casualty in rough seas off the coast of France. Dieter Berg, president of the International...
February 3rd, 2016 | Associations, Conferences, Seminars, Forums, Marine Insurance, Maritime Accidents, News, Ro-Ro and Passenger Ferries | Read More