Posts Tagged ‘IUMI’

Shipyard risks described to IUMI as Asia-Pacific expertise builds in offshore construction

Shipyard risks described to IUMI as Asia-Pacific expertise builds in offshore construction
Samsung Heavy Industries newbuilding success: FPSO Bonga Shipyard risks described to IUMI as Asia-Pacific expertise builds in offshore construction,  By James Brewer A call for a closer look at the huge shipyard risks associated with giant energy construction projects has been made by two of the leading...
November 30th, 2014 | Associations, Conferences, Seminars, Forums, Drill ships, Energy, Insurance and Reinsurance, Marine Insurance, Shipbuilding and Shipyards | Read More

Seven obstacles persist to providing places of refuge for stricken ships…

Seven obstacles persist to providing places of refuge for stricken ships…
Underwriters from around the globe in session at IUMI. Seven obstacles persist to providing places of refuge for stricken ships, P&I expert tells IUMI,  By James Brewer Big challenges remain in encouraging countries to offer a place of refuge for distressed ships, the International Union of Marine...
October 25th, 2014 | Associations, Conferences, Seminars, Forums, Environment, Marine Insurance, Maritime Accidents, P and I Clubs, Safety and Security | Read More

IMO is being warned of ‘scary’ potential of maritime cyber-attacks…

IMO is being warned of ‘scary’ potential of maritime cyber-attacks…
Nicholas Gooding IMO is being warned of ‘scary’ potential of maritime cyber-attacks, says marine insurance expert,  By James Brewer Cyber-security is set to come under the microscope at the International Maritime Organization in 2015, marine insurers have been told. A little-publicised document...
October 25th, 2014 | Associations, IT and Communications, Legal, Marine Equipment, Maritime Fraud, Maritime Fraud, News, Regulatory, Safety and Security, Technical, Technology | Read More

Reinsurance lines in offshore energy call for diligent management…

Reinsurance lines in offshore energy call for diligent management…
Andrew Stapleton of PartnerRe. Reinsurance lines in offshore energy call for diligent management, say PartnerRe underwriters,  By James Brewer Concerns over accumulation of risk in large-scale marine and energy projects, and about the amount of capital entering the reinsurance market, were a focus for...
October 17th, 2014 | Conferences, Seminars, Forums, Insurance and Reinsurance | Read More

Marine insurers shun the motor model of policy pricing.

Marine insurers shun the motor model of policy pricing.
Christian Irgens (second from left) and Peter Townsend (fourth from left). Marine insurers shun the motor model of policy pricing. By James Brewer Underwriters have been urged to take a more sophisticated approach to the way they calculate hull and machinery premiums charged to shipowners. Christian...
October 10th, 2014 | Associations, Marine Insurance | Read More

Challenges ahead as the marine market develops in China…

Challenges ahead as the marine market develops in China…
Iris Ip Challenges ahead as the marine market develops in China, Iris Ip of Munich Re tells IUMI,  By James Brewer China is a challenging insurance market,  Iris Ip, head of marine underwriting (Greater China) at Munich Re, Hong Kong, told the 2014 annual conference of IUMI. Ms Ip said: “In the changing...
October 9th, 2014 | Marine Insurance | Read More

Marine insurers raise a sky-high toast to their Hong Kong hosts

Marine insurers raise a sky-high toast to their Hong Kong hosts
Agnes Choi Marine insurers raise a sky-high toast to their Hong Kong hosts,  By James Brewer IUMI took the slow boat to China, as Hong Kong administrative leader CY Leung gently chided.  Only in its 140th year did the International Union of Marine Insurance organise its annual conference on Chinese...
October 8th, 2014 | Associations, Conferences, Seminars, Forums, Marine Insurance | Read More

Profile: new IUMI president Dieter Berg sets out his agenda

Profile: new IUMI president Dieter Berg sets out his agenda
Dieter Berg Profile: new IUMI president Dieter Berg sets out his agenda,  By James Brewer Dieter Berg, a senior figure at Munich Re which is said to be the world’s largest marine reinsurer, has assumed the presidency of the International Union of Marine Insurance at a time of substantial industry...
October 7th, 2014 | Associations, Marine Insurance, News | Read More

IUA highlights compliance burdens at Marine Insurance Conference

IUA highlights compliance burdens at Marine Insurance Conference
Dave Matcham Marine insurers face myriad local compliance regulations when providing cover for international cargo operations, Dave Matcham, chief executive of the International Underwriting Association has warned Speaking at the International Union of Marine Insurance (IUMI) annual conference in Hong...
September 25th, 2014 | Associations, Insurance and Reinsurance, IUA, Marine Insurance, Organisations | Read More

Dieter Berg of Munich Re is elected new president of IUMI…

Dieter Berg of Munich Re is elected new president of IUMI…
Dieter Berg of Munich Re Dieter Berg of Munich Re is elected new president of IUMI and warns of softening premium rates,  By James Brewer in Hong Kong Six hundred and thirty-two participants in the 2014 conference of the International Union of Marine Insurance are leaving Hong Kong with messages...
September 24th, 2014 | Associations, Conferences, Seminars, Forums, Events, Insurance and Reinsurance, Marine Insurance, People and Places, Shipmanagement | Read More

Marine insurers express anxiety during IUMI conference, as premium income stagnates

Marine insurers express anxiety during IUMI conference, as premium income stagnates
Astrid Seltmann Marine insurers express anxiety during IUMI conference, as premium income stagnates,  By James Brewer in Hong Kong Risk in shipping is mounting in scale and complexity, but premium paid to the global marine insurance market is failing to grow apace. Particular concern centres on the...
September 23rd, 2014 | Associations, Conferences, Seminars, Forums, Environment, Insurance and Reinsurance, Marine Insurance, News | Read More

Chinese enterprises ready to use Hong Kong as one-stop shop for global expansion…

Chinese enterprises ready to use Hong Kong as one-stop shop for global expansion…
Laura Cha addresses IUMI. Chinese enterprises ready to use Hong Kong as one-stop shop for global expansion, financial services chief Laura Cha tells IUMI,  By James Brewer in Hong Kong Hong Kong is positioning itself to offer ‘one-stop’ service for mainland Chinese companies, Laura Cha,...
September 22nd, 2014 | Associations, Conferences, Seminars, Forums, Events, Insurance and Reinsurance, Marine Insurance, Politics and Government | Read More

IUMI warns on sanctions as the blacklist grows

IUMI warns on sanctions as the blacklist grows
IUMI delegates in session in Hong Kong IUMI warns on sanctions as the blacklist grows,  By James Brewer in Hong Kong The International Union of Marine Insurance is calling on insurers and reinsurers to ensure they apply a clear policy with regard to political and economic sanctions that are in force. Measures...
September 22nd, 2014 | Associations, Claims, Corporate Social Responsibility, Corruption, HR, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Accidents, Maritime Fraud, Maritime Fraud, News, P and I Clubs, Safety and Security, Sanctions, Shipmanagement | Read More

Hong Kong set fair for big marine insurance and services boost…

Hong Kong set fair for big marine insurance and services boost…
Hong Kong Chief Executive C Y Leung addresses the opening  ceremony of the IUMI 2014 conference Hong Kong set fair for big marine insurance and services boost, SAR chief executive reassures IUMI  by James Brewer, in Hong Kong. Marine insurance, already reaping gross premiums in Hong Kong at the...
September 22nd, 2014 | Associations, Conferences, Seminars, Forums, Insurance and Reinsurance, Marine Insurance, P and I Clubs | Read More

Chinese port scandal set to impact global insurance market..

Chinese port scandal set to impact global insurance market..
Maritime trade is blooming in Hong Kong Chinese port scandal set to impact global insurance market, IUMI cargo chief warns,  By James Brewer in Hong Kong Global cargo insurance markets could face substantial claims arising from  a variety of recent events including a scandal afflicting China’s...
September 21st, 2014 | Associations, Conferences, Seminars, Forums, Corruption, Insurance and Reinsurance, Legal, Marine Insurance, Maritime Fraud, Maritime Fraud, Markets, Piracy and Terrorism, Ports & Terminals, Trade and Commerce | Read More

IUMI turns the spotlight on Asia….

IUMI turns the spotlight on Asia….
Ole Wikborg IUMI turns the spotlight on Asia as it gears up for its 2014 annual conference in Hong Kong,  By James Brewer  A strong emphasis on Asian markets will be a feature of the 2014 annual conference of the International Union of Marine Insurance (IUMI), it is clear from the agenda for the major...
July 17th, 2014 | Associations, Marine Insurance | Read More

Marine hull losses continue to fall, says IUMI, but cargo trends are worrying

Marine hull losses continue to fall, says IUMI, but cargo trends are worrying
The fore part of the former “MOL Comfort” on fire and a fire fighting tug trying to  douse the blaze – photo credit  The Indian Navy Marine hull losses continue to fall, says IUMI, but cargo trends are worrying – By James Brewer  Total hull losses as a percentage of the world...
April 9th, 2014 | Associations, Marine Insurance, News, Reports | Read More

Marine underwriters led by IUMI step up the pressure for a Polar Code for shipping

Marine underwriters led by IUMI step up the pressure for a Polar Code for shipping
Helle Hammer Marine underwriters led by IUMI step up the pressure for a Polar Code for shipping,  By James Brewer Globally agreed action to increase the safety of shipping on Polar routes must be a priority, the International Union of Marine Insurance has urged. Helle Hammer, who chairs IUMI’s political...
January 29th, 2014 | Arctic Shipping, IMO, Marine Insurance, News | Read More

Nick Gooding to take on IMO role for IUMI

Nick Gooding to take on IMO role for IUMI
Nicholas Gooding Nicholas Gooding has been appointed as representative of the International Union of Marine Insurance (IUMI) to attend sessions of the International Maritime Organisation (IMO). IUMI has long provided input to IMO deliberations, and Mr Gooding’s appointment underlines the importance...
November 16th, 2013 | IMO, Legal, Marine Insurance, Organisations | Read More

Hot topic: shipping sails into troubled waters as the Arctic ice melts

Hot topic: shipping sails into troubled waters as the Arctic ice melts
Åke Rohlén Hot topic: shipping sails into troubled waters as the Arctic ice melts,  By James Brewer Controversy over operations on the Northern Sea Route is heating up – with a tanker involved in an Arctic casualty a few days ago, and Greenpeace activists accused by Russian authorities of piracy...
September 26th, 2013 | Arctic Shipping, Marine Insurance | Read More

Wreck removal costs are spiralling across the industry, IUMI conference is told on the day the Costa Concordia is raised

Wreck removal costs are spiralling across the industry, IUMI conference is told on the day the Costa Concordia is raised
James Brewer Wreck removal costs are spiralling across the industry, IUMI conference is told on the day the Costa Concordia is raised,  By James Brewer As the Costa Concordia was righted in the first stage of a $1bn operation off the Italian island of Giglio, international underwriters expressed fears...
September 17th, 2013 | Legal, Marine Insurance | Read More

Marine insurance – building resilience: the dominant theme as IUMI conference opens with concerns over hull losses

Marine insurance – building resilience: the dominant theme as IUMI conference opens with concerns over hull losses
Ole Wikborg Marine insurance – building resilience: the dominant theme as IUMI conference opens with concerns over hull losses,  By James Brewer Underwriters continue to face a testing level of claims, keeping this issue to the fore as the International Union of Marine Insurance opens its annual conference...
September 15th, 2013 | Conferences, Seminars, Forums, Marine Insurance | Read More