Articles from October 2009:
Gard announces no general increase for 2010
30 October 2009
Posted in Blog
Tagged: P&I, premiums, shipping
The Board of Gard has decided that no general premium increase will be required for mutual and fixed premium P&I entries for the 2010 year. This is not to say that Gard will not be seeking increases, simply that those increases will be dependant upon each individual member’s exposure and loss record. In addition, any [...]
Read more »The London P&I Club changes arrangements for collection of calls
28 October 2009
Posted in Blog
Tagged: P&I
The London Club has issued notice that, from 2010, the Club will quote on the basis of an Annual Call, which will include both the Advanced and Deferred Call. The Club will continue to collect over a deferred period, likely to be 30% in March 2010, 30% in July 2010 and 40% in December 2010 [...]
Read more »West of England announces results of mid-year review
28 October 2009
Posted in Blog
Tagged: P&I
The West of England has confirmed that the 2007/8 year will now be closed without any further Calls applying. In addition, the Release Call for the 2007/8 year will be reduced from 30% to 15%. The 2008/9 year’s 45% Additional Call remains in place, due to be debited in January and August 2010, whilst the [...]
Read more »Britannia P&I Club announces 2010 general increase
28 October 2009
Posted in Blog
Tagged: P&I
The Britannia P&I Club has announced they will be seeking an Advanced Call increase of 5% for the 2010/2011 year with Members being advised to budget for a 40% Deferred Call. The increase in Advanced Call is before any changes in the International Group Reinsurance rating and individual Member’s loss records. In addition, the 2006/7 [...]
Read more »Rotterdam Rules
5 October 2009
Posted in Blog
Tagged: Cargo, contracts of carriage, liabilities, Rotterdam Rules, shippers, trade
Recently 16 states signed up to the new Rotterdam Rules which concern contracts of carriage wholly or partly by sea. The Rules have been designed to regulate marine cargo liabilities internationally and may ultimately replace the Hague Rules, the Hague-Visby Rules and the Hamburg rules in those countries that are signatories to those conventions. The [...]
Read more »Recent articles
3 September 2012
Have recessionary risks hindered the opportunities available to Asian marine insurers? And is the future a profitable one?
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?
Blog
6 December 2012
In recent months, three insurers have pulled out of the Hull and Machinery market as competitive pressures and a year of substantial claims take their toll.
28 November 2012
At the recent Meeting of the Association’s board of Directors, the general increase to be applied to the advance call rates for the 2013 policy year was set at 5%.
Press releases
16 April 2013
INTTRA, the world’s largest multi-carrier shipping network for ocean freight, has launched a new member service that enables shippers to purchase cargo insurance from marine insurance specialist, FP Marine Risks.
4 February 2013
Hyperion Insurance Group Limited, the international insurance intermediary group, and FP Group Limited (FP), the Hong Kong-headquartered specialist marine broking group, are pleased to announce their partnership today, with Hyperion taking a 55% stake in FP Group Limited.
Opinions
26 March 2009
26 November 2008