Latest Blog Articles
EU Sanctions against Iran
16 August 2010
Posted in Blog
Tagged: Europe, Iran, sanctions, shipping, trade
Following the CISADA sanctions, the UN, EU and UK have issued separate sanctions against Iran along similar lines. The EU sanctions ban European companies from investing in Iran’s oil and gas industries, while restricting trade and financial links including barring any European company from providing insurance services to Iranian entities. The EU sanctions go further than the [...]
Read more »Sanctions against Iran
9 August 2010
Posted in Blog
Tagged: insurers, Iran, sanctions
Earlier this year, the President of the United States signed legislation known as the Comprehensive Iran Sanctions, Accountability and Divestment Act of 2010 (CISADA). The sanctions prohibit the trade of petroleum products to Iran and seek to limit the provision of “goods, services, technology, information or support that could directly and significantly facilitate the maintenance or [...]
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 on [...]
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 majority [...]
Read more »Cargo accumulation hazard, precipitating large losses
29 March 2010
Posted in Blog
Tagged: accumulation, Cargo, freight forwarders, insurers, losses, reinsurance, storage
Significant accumulation of cargo is exposing cargo owners, freight forwarders and marine underwriters to the possibility of catastrophic losses. Freight stations and warehouses can each contain hundreds of millions of dollars worth of goods that are at risk of becoming total losses from perils such as fire, flood and wind. Earlier this year, a serious [...]
Read more »Recent articles
8 September 2010
The global economic slump created conditions that should have left marine insurance clients bearing the brunt of a hardening market and spiralling premiums. Not only did that not transpire, but it is not likely to either.
Blog
22 February 2010
Asia lags as London is still the best option for large, complex liability risks.
15 February 2010
Press releases
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