Posts tagged: war
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 »Confusion remains over marine kidnap and ransom insurance
1 August 2009
Posted in Articles
Tagged: claims, General Average, Gulf of Aden, Hull and Machinery, kidnap & ransom, piracy, premiums, risk, shipowner, specialist, war
First published in the August 2009 edition of Ships and Shipping The maritime news continues to be filled with articles about pirate attacks in the Gulf of Aden, while piracy also continues less reported in several other key areas such as Nigeria, the Philippines and Brazil. There has been some discussion, and perhaps confusion, about [...]
Read more »Insurance premiums expected to rise on back of piracy
29 January 2009
Posted in Blog
Tagged: charterer, Gulf of Aden, Hull and Machinery, piracy, shipowner, Somalia, war
There is an expectation that insurance premiums are due to rise as marine piracy continues to affect major shipping routes. Whilst the increase in naval presence has helped lower the rate of attacks, there have been a number of high profile pirate attacks on vessels transiting the Gulf of Aden which have been settled via [...]
Read more »Piracy and the effect on cargo owners
26 November 2008
Posted in Opinions
Tagged: Cargo, General Average, Gulf of Aden, Hull and Machinery, kidnap & ransom, P&I, piracy, Somalia, war
In the waters off Somalia and the Gulf of Aden, the frequency of pirate attacks has intensified over the last two years as Somalia remains without a central government. International security efforts have increased, but their presence is having minimal impact on what is unquestionably a lucrative crime. Somali pirates are making ransom demands of [...]
Read more »Piracy – how covered are you?
26 March 2007
Posted in Opinions
Piracy has moved on from its swashbuckling days. Where once pirates boarded ships armed with knives and stole cash to fund their livelihoods, nowadays they are more likely to arrive by speedboat armed with automatic weapons, lock up the crew and hold them and their ship to ransom. If the vessel is lost or damaged [...]
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
30 January 2012
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.
9 December 2011
We have updated our piracy report and a brief summary is available here.
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 April 2006