IUMI: Marine insurance premiums hit $35.8 billion in 2022
Marine insurance premiums across all categories rose to $35.8 billion in 2022 — and the general trend is upwards. Those were two of the facts that emerged today when the International Union
Search Results for: marine insurance
Op-Ed: Are ports exposed when it comes to marine insurance?
By Edward McNamara, CEO of Armada Risk Partners, a Cleveland U.S.-based port insurance broker One of the biggest challenges to the marine industry post-COVID is that the marine insurance industry is more
Allianz names top causes of costly marine insurance losses
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of loss,
Felicity Ace car carrier fire set to push up marine insurance costs
Volkswagen AG has come far from the days of the beloved air-cooled bug. These days its portfolio includes brands such as Bentley and Lamborghini. That means that the fire still burning aboard
New specialty marine insurance available
APRIL 10, 2017 — U.S. Risk, LLC has announce a strategic alliance with Aspen American Insurance Company, a subsidiary of Aspen Insurance Holdings Limited, to offer a specialty insurance product designed for
MOPS marine license insurance: As critical for mariners as it is for those who employ them
SPONSORED CONTENT: Imagine your company – and one of your officers – is suddenly involved in a maritime accident that triggers a Coast Guard investigation. In the blink of an eye, your
Unity Ukraine war risk insurance now covers all non-military cargo
Marsh McLennan (NYSE: MMC) has announced a major expansion of its Unity Ukraine war risk insurance facility. Launched in November 2023 to support Ukrainian exports of grain and other critical food supplies
7 tips for ports on business interruption insurance
By Ed McNamara, Armada Risk Partners In these uncertain times, ports across the globe face multiple business interruption threats. It’s a lengthy list that includes strikes and political protests, cyber-attacks, ship collisions,
New Marsh facility set to slash cost of Ukraine grain war risk insurance
In a move that promises to substantially reduce the costs of insuring ships exporting Ukraine grain, Marsh McLennan (NYSE: MMC) has announced the launch of a new facility – Unity – to
Op-Ed: Protecting a port or shipyard with the right insurance
By Ed McNamara CEO Armada Risk Partners Ports, terminal and shipyard operators need to be especially vigilant and aware of how they should protect themselves in the event of collisions between vessels