Latest News
Iran Sanctions
30 January 2012
Posted in Blog
Tagged: Europe, Iran, oil, regulations, sanctions
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. Current US regulations allow tough measures to be taken against non-US entities involved in prohibited activities, wherever based, which include: the development of Iranian petroleum resources; assistance to [...]
Read more »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
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
28 November 2011
The Club has adopted a 5% General Increase for P&I mutual entries and Charterers' entry.
21 November 2011
Shipowners' Club has decided that no General Increase will be imposed on mutual entries for 2012.
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