Insurance

  • The American Club: Development Of Closed And Open...

    At its meeting held virtually from New York yesterday, your Board reviewed the American Club’s present and prospective circumstances by reference to a variety of factors. This Circular describes the issues discussed by your Board, and the decisions it reached in consequence of those discussions.

     

  • Costs of the Standard Club PEME scheme

    Members and/or manning agents are responsible for meeting the costs of the PEME scheme at the point of use. The costs of the enhanced PEME has been fixed by Standard Club and all approved clinics within the same country will charge the same cost.

     

  • The Shipowners’ Club: Renewal 2022/2023

    At the half year point, the Club reported a Combined Ratio of 100.9%, with an underwriting deficit of US$ 0.9m. Having requested a 5% policy year General Increase in February 2021 it was expected that rating levels would be sufficient to return the Club to a breakeven underwriting position. Whilst the necessary premium increases are being secured as Members renew their entries, the level of claims arising from COVID-19 has been significantly higher than had been anticipated.

     

  • North P&I Club appoints Michael Asherson as...

    North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club for one of shipping’s leading experts in maritime and insurance law after three years in private practice in his native South Africa.

     

  • UK P&I Club to partner with Thomas Miller...

    Thomas Miller Specialty, a global insurance provider across a number of sectors including Marine P&I and Offshore Marine and Energy, has announced that its three year close and collaborative partnership for fixed premium P&I with AIG will end with effect from 1st January 2022. This is a strategic move for both Thomas Miller Specialty and AIG with both parties looking forward to continuing their strong and supportive relationship in other business areas going forward.

     

  • HK to boost status as int'l shipping hub...

    The Hong Kong Special Administrative Region (HKSAR) will strengthen its status as an international shipping center by leveraging advantages in services and development of the Greater Bay Area, official said here on Wednesday.

     

  • Sanctions and STS Transfers – legal risks

    In recent months, sanctioned countries such as Iran and Venezuela have reportedly increased their exports of oil, and cargo trackers have noticed increased ship-to-ship (STS) transfers at sea, most commonly off Malaysia, Africa and in the Caribbean.

     

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Costs of the Standard Club PEME scheme

Members and/or manning agents are responsible for meeting the costs of the PEME scheme at the point of use. The costs of the enhanced PEME has been fixed by Standard Club and all approved clinics within the same country will charge the same cost.

 
English

The Shipowners’ Club: Renewal 2022/2023

At the half year point, the Club reported a Combined Ratio of 100.9%, with an underwriting deficit of US$ 0.9m. Having requested a 5% policy year General Increase in February 2021 it was expected that rating levels would be sufficient to return the Club to a breakeven underwriting position. Whilst the necessary premium increases are being secured as Members renew their entries, the level of claims arising from COVID-19 has been significantly higher than had been anticipated.

 
English

UK P&I Club to partner with Thomas Miller Specialty for fixed premium P&I

Thomas Miller Specialty, a global insurance provider across a number of sectors including Marine P&I and Offshore Marine and Energy, has announced that its three year close and collaborative partnership for fixed premium P&I with AIG will end with effect from 1st January 2022. This is a strategic move for both Thomas Miller Specialty and AIG with both parties looking forward to continuing their strong and supportive relationship in other business areas going forward.

 
English

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