The Insurer

The net is about to tighten on bribery and corruption in international businesses, among them the ports industry, and particularly for British citizens who transact business overseas.

Regional insurance markets are playing an essential role in port insurance, says James Brewer

Just as the package deal has for long been one of the simplest ways of organising a vacation, the package has become the favoured route for the majority of port and terminal…

Most insurers, including those covering the risks of port and terminal operators, are on course to make reasonable profits this year, but they are facing a challenging summer.

Across the insurance market, the tide is beginning to turn as the money begins to burn.

Ports these days are the link rather than the culmination of specific transport operations, so it is vital for them to be watchful over trends elsewhere within the supply chain.

Insurance, long considered a financial side issue, is moving closer to centre stage.

Ports are as vulnerable as any other business to problems sprung on them from the blind side. Take the outbreak of swine flu, which hit Ukraine in the autumn, causing initially 30…