Posts tagged: insurance
Sanctions and Embargo against Iran
18 June 2012
Posted in Blog
Tagged: embargo, insurance, Iran, oil, reinsurance, sanctions
On 1 July 2012, Iran will see the new US sanctions and the EU Oil Embargo come into force, the combination of which will make it increasingly difficult to obtain insurance and reinsurance for any contracts that involve Iranian oil. US Sanctions The United States National Defense Authorization Act was designed to increase the pressure [...]
Read more »FP marks five years of CarbonNeutral status with Gansu Wind Farm
26 March 2012
Posted in Press Releases
Tagged: carbon emissions, carbonneutral, cargo insurance, FP Marine Risks, Gansu, insurance, marine insurance
Since 2007, FP Marine Risks has been offsetting carbon emissions that are generated through the company’s air travel. FP Marine Risks achieves its “CarbonNeutral Flights” status by working with The CarbonNeutral Company, based in London. Carbon footprint assessments are audited by accountants KPMG, and the offset projects chosen are in accordance with the CarbonNeutral Protocol [...]
Read more »FP Marine Risks Wins Biosecurity Award From Australian Government
14 March 2012
Posted in Press Releases
Tagged: ABARES, Australia, Australian Government, award, Biosecurity, Cargo, cargo insurance, farmer, fertiliser, FP Marine Risks, insurance, logistics, marine insurance, Outlook 2012, ports, shipping
FP Marine Risks, as part of a team of six Australian shipping industry companies, last week won an award from the Australian Government at the ABARES Outlook 2012 conference.The award recognised the company’s role in arranging the return of contaminated soil that could have caused extensive damage to agriculture and the environment. In May 2011, [...]
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 »EU Sanctions against Syria
13 September 2011
Posted in Blog
Tagged: insurance, reinsurance, sanctions, Syria
On 2 September 2011, the EU stepped up its sanctions on Syria in response to the continued civil unrest. The Council of Europe has adopted Council Regulation (EU) No 878/2011 which amends Regulation 442/2011. The new sanctions prohibit the purchase, import or transportation from Syria of crude oil and petroleum products. The EU has also [...]
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