Articles from April 2010:
FP Marine Risks announces acquisition of EDI Cargo Cover
29 April 2010
Posted in Press Releases
Tagged: acquisition, Australia, Cargo, EDI Cargo Cover
QUEENSLAND and HONG KONG, 1 May 2010: FP Marine Risks, a Lloyd’s broker, today announced the acquisition of EDI Cargo Cover, a specialist cargo insurance agency based in Queensland, Australia. Last year, FP Marine Risks was granted an Australian Financial Services Licence, enabling it to conduct direct business in Australia. The acquisition of EDI Cargo [...]
Read more »Underwriters buoyant despite recession
26 April 2010
Posted in Blog
Tagged: insurers, losses, recession, soft market, underwriting
Despite some dire predictions from certain quarters of the market over the last year or so, marine insurers have yet again celebrated a good year with reports of healthy profits coming in from many underwriters. Whilst the harsh realities of the global economic downturn have struck the shipping and trading industries, the predicted knock-on effects [...]
Read more »Uninsured cargo lost in fire
15 April 2010
Posted in Blog
Tagged: accumulation, Cargo, losses, uninsured
As reported in this week’s Asia Insurance Review, a large fire broke out last Saturday at the Inland Container Depot in South Delhi with estimated losses in the region of USD22 million to USD44 million after approximately 600 containers were damaged by fire, water and the collapse of burnt warehouses. It is believed that 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