Insurance, Legal & Finance – Page 7
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NewsNorth P&I Club delivers landmark 200m GT
North P&I Club has successfully concluded its 2019 renewal and, for the first time in its 159-year history, is projecting total entered tonnage to exceed 200m gross tonnes.
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NewsMaritime cyber target
According to Sjaak Schouteren, partner in the European Cyber team at JLT Specialty, the maritime sector is constantly embracing new business models and technology, but unfortunately this has made them a target of cyber criminals.
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NewsAcquisition will create UK’s largest law firm
Gordon Dadds has acquired Ince & Co International LLP and its affiliated entities to create the UK’s largest listed law firm by revenue.
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NewsGuide to ECDIS management launched
The London P&I Club has joined forces with London Offshore Consultants (LOC) to produce a guide to the proper management of ECDIS (Electronic Chart Display and Information System) onboard ships.
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NewsNavigating complex German shipbuilding law
When shipbuilding contracts are subject to German Law, parties need to be alert to the implications of the very strict and far-reaching German Law on standard terms and conditions (AGB), or face extensive delays.
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NewsBritannia P&I Club expands into Denmark
The Britannia P&I Club has underlined its commitment to the Danish P&I market by opening a new office in Copenhagen to serve the Danish insurance market.
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Doubling volume in a decade
Following strong 2018 half year results, maritime insurer The Swedish Club currently insures some 2,700 ships on H&M and has doubled its volume in P&I over the last decade to in excess of 50 million gross tonnes.
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Specialist marine trades broker acquired
A UK based specialist marine trades broker has been acquired by a privately-owned insurance giant for an undisclosed sum.
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The Hartford to acquire Navigators
Maritime insurer The Navigators Group has announced that it has entered into a definitive agreement to be acquired by The Hartford Financial Services Group in an all-cash transaction that values Navigators at approximately $2.1 billion.
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NewsClose Brothers appointment
Close Brothers Aviation and Marine finance team has appointed a Marine industry specialist, James Crew, as its new Sales Director.
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NewsWarning to check cyber insurance wording
The market for cyber business interruption cover is complex and the protection offered by different policies can vary widely so it is important to check policy wording carefully.
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NewsMaritime training puts lawyers to the test
Shipping lawyers from UK-based Myton Law have been put through their paces at a maritime training session in order to gain valuable insight into their work with maritime, cargo and personal injury cases.
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Noreco loses US$470m Siri oil platform claim after 10-year dispute
Noreco has lost its court case against a group of 20 insurance companies regarding a US$470m claim for damage to the Siri oil platform that dates back to 2009.
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ITIC helps limit naval architect’s exposure after survey vessel capsizes
In a recent dispute, International Transport Intermediaries Club (ITIC) helped a naval architect to successfully reduce the level of a claim by a shipbuilder for damages and loss of profits following the sinking of a hydrographic survey vessel which was deemed to be unstable.
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NewsCaution remains the watchword for global marine insurance, says IUMI
Against the backdrop of encouraging global economic growth and an improved outlook for the shipping industry, the International Union of Marine Insurance (IUMI) gives expert opinion on the current state of the hull, cargo and offshore energy insurance markets at its Spring Conference in Hamburg.
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The Swedish Club Delivers P&I discount of five percent
The Swedish Club reported a solid operating result to its board in March, continuing a record of building on steady growth. It emerged from 2017 prepared and well positioned to take advantage of a stabilising market.
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NewsInsurance Clubs report strong renewal uptake
Renewal uptake for the 2017/18 period was up for the larger protection and indemnity experts in the marine sector.
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NewsPosition-fixing intervals warning
The London P&I Club say excessive onboard position-fixing intervals have been a contributory factor in some recent costly claims.
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NewsCyber security and autonomy wake up call to marine insurance industry
Christopher J. Wiernicki, Chairman, President and CEO of US classification society ABS, has addressed the American Institute of Marine Underwriters (AIMU), describing the future of maritime safety and risk mitigation as it relates to cyber safety as well as outlining how the classification and insurance industries can strengthen their collaboration ...
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NewsLOC calls for more maritime casualties cooperation
LOC has called for greater international cooperation to better manage maritime casualties.
