The Insurer
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Reinsurers open premium hike floodgates
The earth is certainly moving under the insurance market, as a result of the natural catastrophes of the past year and a half, and the port industry will suffer as a result. 09 May 2012 - Port Strategy
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A keen focus on Brazilian development
As one of the fastest growing economies, Brazil is doing its best to improve its ports and road infrastructure to cope with huge shipment volumes. Insurance carriers regionally and globally meanwhile have to pick up the pieces when breakdowns, theft and port congestion add to shipping and cargo costs. 19 Apr 2012 - Port Strategy
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Claims information found in unexpected places
‘Claims’ is very much the name of the insurance game right now. With record insured losses in 2011, underwriting companies are upgrading the sometimes elderly software that is supposed to aid sound assessments. 07 Mar 2012 - Port Strategy
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Insurance premiums in check... for now
The January 2012 renewals have shown that once again, liability cover remains the main battlefield for the insurance custom of ports and terminals, but a Costa Concordia cloud hangs over future renewals. 20 Jan 2012 - Port Strategy
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Rousing the Russian bear
Heightened activity in the Russian insurance market is set to have repercussions for the international ports and terminals sector. 11 Jan 2012 - Port Strategy
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The behemoth in the basin
Any senior manager who feels satisfied with the risk management system in his or her port almost certainly needs to think again - big is on the agenda and ports need to be prepared for the ensuing risks. 19 Oct 2011 - Port Strategy
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Swimming in a big pond
Businesses that place their insurance in the London market – and these include the majority of large ports groups in addition to many smaller facilities – may be comforted to learn that they are swimming in a very large pool. 12 Oct 2011 - Port Strategy
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Keeping up with the sanctions headache
For commercial as opposed to political reasons, insurers are gnashing their teeth over the propensity of the US and its allies to impose sanctions on dictatorial regimes. They have lost some lucrative business, and have to spend huge amounts of time working out the new coverage issues, and even the lawyers are struggling to find the right answers in a fast-moving situation. 08 Sep 2011 - Port Strategy
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A shift in insurance sentiment
Signs of repositioning are emerging in the insurance market after a largely uneventful spell. 03 Aug 2011 - Port Strategy
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Stormy waters ahead for port insurance renewals
Even Warren Buffett has found the going tough in the insurance market this year. The sage investor has admitted that his underwriting business is likely to make a loss for the first time in a decade. 15 Jun 2011 - Port Strategy
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Natural disasters deliver jolt to insurance thinking
With a torrent of claims hitting the insurance market after natural disasters in the first quarter of 2011 – the Christchurch earthquake, floods and cyclone in Queensland, and Japan’s tragedies – it might seem that the global outlook for insurance clients is gloomy. 18 May 2011 - Port Strategy
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Joining the electronic age
Shipowners, traders and technologists have taken the lead in catapulting that centuries-old document, the bill of lading, into the electronic age. 27 Apr 2011 - Port Strategy
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Strengthen your defences
Disruption to Egyptian ports during the anti-Mubarak protests, and storm-induced closures of terminals and choking of commodity supplies in Queensland, have had executives urgently checking their insurance policy wordings. 17 Feb 2011 - Port Strategy
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Holding the aces
In this era of inflation, there is one price that is largely immune from unpleasant shocks: insurance premiums for business risk. 19 Jan 2011 - Port Strategy
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PSC overhaul could benefit ports
Port state control is a phrase containing three impressive words, but it has to be read carefully. States, not ports, exercise control over ship quality. 29 Dec 2010 - Port Strategy
