Articles from June 2009:
More shipowners enjoying benefits of Asian placement in these difficult times
30 June 2009
Posted in Blog
Tagged: Asia, capacity, insurers, shipowner, shipping, underwriting
Shipowners with smaller fleets, smaller vessels or lower values can still benefit from an Asian insurance placement as world markets become more competitive. Some believe that Asian-based underwriters are dedicated to the Asian-based shipowning market (putting aside Japan and Korea’s involvement in the large fleets) to the exclusion of non-Asian tonnage. Whilst this may have [...]
Read more »“Swine flu” cruise ship raises questions of insurance
13 June 2009
Posted in Blog
Tagged: cruise, swine flu, trade disruption
At the end of May 2009, Pacific Dawn, a P&O cruise ship that operates out of Australia, had to change its itinerary after three crew members were found to have the H1N1 virus (swine flu). The individuals were put into isolation and treated, but in order to minimise the spread of the disease, the cruise [...]
Read more »World marine insurance markets remaining soft despite recession
1 June 2009
Posted in Blog
Tagged: IUMI, premiums, recession, soft market
In February, we wrote in this blog about the stark forecasts coming out of IUMI (International Union of Marine Insurance) regarding the global recession and the effects it was likely to have on pricing levels. The report was bleak, with slower demand and falling freight rates forcing shipowners to find efficiencies across the board, and [...]
Read more »Recent articles
20 July 2011
What has changed in the marine insurance markets over the last year? And can Assureds expect to see these soft markets continue?
14 July 2011
We recommend ways for freight forwarders to ensure the liability insurance they purchase will protect them when they need it most.
Blog
30 January 2012
As of 30 January 2012, the US has issued some important sanctions against a few major corporations and the EU has escalated its regulations on Iranian trade.
12 December 2011
On the 8 December, the Joint War Committee added Syria to its listed areas and removed three areas.
Press releases
11 May 2011
FP Marine Risks and Oceanic partnership announced, creating an expert network of marine specialists serving the Australasian retail and wholesale markets.
29 April 2010
FP Marine Risks builds direct retail business in Australasia through acquisition of specialist cargo insurance agency
Opinions
26 March 2009
26 November 2008