Ship insurance
Costa claims to be in millions : Munich Re
Munich Re said it expects its cliams burden from the Costa Concordia shipwreck to be in the “mid double-digit million euro range”.
The reinsurance giant,...
Who insured The Costa Concordia?
Assicurazioni Generali, RSA Insurance Group and XL Group, Bloomber - these are three of several companies who insured Carnival Corp.'s wrecked cruise ship off...
Ship insurance: Sri Lanka off war-risk list
London-based shipping underwriters have formally lifted a war-risk classification from Sri Lanka's ports a year after the island ended its decades-long ethnic war, the...
Ship owners to face $150m Protection & Indemnity premium increase
Ship owners are facing a more modest range of general increases – at 4.54% on average – on their protection and indemnity (P&I) premiums...
Somalian pirates paid $4 million in ransom for Chinese coal ship
A Chinese cargo ship with 25 crew members aboard was heading for a safe port after being released by pirates off the coast of...
Beazley enhances marine underwriting
Freight forwarders, port operators, ship managers, naval architects and marine surveyors will be among those that will benefit from a major expansion of Beazley’s...
Insuring ships against piracy is becoming very costly
The cost of insuring ships against piracy has increased 1,900% since the start of the year, an insurance broker has revealed.
Marsh & McLennan blamed...
