The Insurer – Page 2
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NewsSwimming 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.
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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 ...
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NewsA shift in insurance sentiment
Signs of repositioning are emerging in the insurance market after a largely uneventful spell.
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NewsStormy 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.
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NewsNatural 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.
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NewsJoining 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.
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NewsStrengthen 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.
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NewsHolding the aces
In this era of inflation, there is one price that is largely immune from unpleasant shocks: insurance premiums for business risk.
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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.
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NewsClosing the net
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.
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Take time to connect
Specialist professional indemnity mutual, International Transport Intermediaries Club has advised transport professionals to spend more time sourcing insurance protection to meet risk.
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NewsIt pays to go local
Regional insurance markets are playing an essential role in port insurance, says James Brewer
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NewsNeat little packages
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 clients purchasing insurance.
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NewsQuantitative review little threat to ports
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.
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NewsEarly catastrophes sound warning bells
Across the insurance market, the tide is beginning to turn as the money begins to burn.
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Earthquakes shake ports sector
Two catastrophes in the first quarter of 2010, namely the terrible earthquakes in Haiti and Chile, have been a grim start for the ports sector, as well as on the broader humanitarian scale.
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NewsLook to the supply chain for insurance inspiration
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.
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NewsRisk is the new black
Insurance, long considered a financial side issue, is moving closer to centre stage.
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NewsThe Insurer
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 or so deaths, and government orders to close schools and universities.
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NewsThe Insurer
Port and terminal operators are more than ever spoilt for choice in placing their insurance. The latest entrant to the market, and potentially a new power in this area, is Kiln, the international insurance and reinsurance group.
