Latest news about marine insurance providers, marine insurance claims and what sailors and boat owners need to think about when buying marine insurance.
After frequent customer requests, Haven Knox-Johnston Boat Insurance and sister company, Euromarine Insurance Services, have announced the launch of a new travel insurance policy that has an optional ‘Sailing Pack’. Partnering with Aston Lark and Millstream Underwriting, the two boat insurance specialists say they have designed the policy with the boater in mind. The optional […]
Covid-19 poses an intensifying threat to supply chain resilience, warns Property Claim Services (PCS), and marine reinsurers and insurers should stay vigilant of the potential implications for the risk environment. Factors such as low rates of vaccination, crews stranded at sea past the end of their assignments, and port accumulations due to pandemic-affected workforces could […]
Global marine insurer North P&I Club has reaffirmed its drive for diversification by appointing Nick Wolfe as deputy global director (underwriting), reflecting a significant expansion in his leadership role in developing the diversification strategy. “Our transformation from monoline P&I Club to diversified global marine insurer continues and Nick’s new role will empower him to drive […]
You couldn’t make it more perfect. Coleman Marine Insurance Brokers’ MD is called Steve Risk. He’s not taking chances this summer though. Currently Coleman Marine is gearing itself up for peak season, and how to manage its way through the traditional busy period of claims as boaters return to the water. One of the keys […]
Specialist marine insurance broker, Soak, says it has joined forces with Noble Marine, Millstream Underwriting and Cyclops Marine to offer a potential solution for racers facing spiralling insurance costs. According to Soak, one of the main causes of insurance claims is rig failure. This comes from sailors at all levels of the sport pushing their […]
Plymouth based Pantaenius UK, part of the Pantaenius Group, has opened a second office in Southampton. In addition to its expansion, the boat insurance firm has also released a new range of products for the UK market, specifically developed for yachts and motor boats. This new range has been developed to further diversify the broad […]
The UK P&I Club has released a video on cyber security, featuring Russell Kempley, chief security officer at CyberOwl, ahead of new IMO regulations in January 2021. The new IMO resolution requires shipping companies to incorporate cyber security into their safety management systems. Captain Anuj Velankar, senior loss prevention advisor talks with Russell Kempley, an […]
Jonathan Moss, head of transport and marine at global legal business, DWF, comments on the seizure of the British vessel in the Persian Gulf and the subsequent impact on insurance premiums. He says: “The seizure of the British vessel is unacceptable and clearly an act of retaliation as a consequence for the British authorities seizing the […]