Articles from December 2011:
Listed Areas update – Joint War Committee
12 December 2011
Posted in Blog
Tagged: Joint War Committee, Syria, war, war risks
The Joint War Committee in London has issued a new listed areas as at 8th December 2011 (JWLA019) amending the last revision that was made on 1st August 2011. The amendments are as follows:- The following area has been added • Syria The following areas have been deleted • Qatar • Ivory Coast • Mindanao, [...]
Read more »Piracy update 2011
9 December 2011
Posted in Blog
Tagged: armed guards, kidnap & ransom, marine insurance, piracy, Somalia
What follows is a short summary from FP Marine Risks’ updated piracy report, which is available by emailing info@fp-marine.com Over the course of 2011, piracy, particularly off the seas of Somalia, has refused to die down and continues to cause disruption to international trade and all enterprises involved in it. In the nine months to [...]
Read more »Sanctions Update – Iran
7 December 2011
Posted in Blog
Tagged: insurance, Iran, reinsurance, sanctions
In accordance with EU sanctions, (re)insurance is prohibited for the benefit of Iranian persons, entities, and bodies. Imports of refined petroleum into Iran are also not permitted. Additionally, from 21 November 2011, any transactions (direct or indirect) and business relationships with all Iranian banks, including their branches and subsidiaries, and the Central Bank of Iran [...]
Read more »Sanctions update – Syria
7 December 2011
Posted in Blog
Tagged: marine insurance, reinsurance, sanctions, Syria
Current sanctions against Syria are predominantly targeted at certain SDNs and the country’s energy industry. (Re)Insurance related to crude oil and petroleum products are strictly prohibited, which also includes hull policies for tankers or any other vessel involved in such activities. International restrictions are constantly changing and updates provided are by no means exhaustive. If [...]
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