London, 22 April 2022: Geospatial imagery and re/insurance intelligence company, McKenzie Intelligence Services (MIS), is delighted to announce that it has received ISO 27001 certification – the internationally recognised standard for the establishment and certification of an information security management system.
The ISO framework helps companies to ensure they have completed all the requirements and checks to have secure information systems that are able to document sensitive information...
Michael Chalos and co-counsel Frank Ambrosino, with the assistance of Melissa Russo, successfully defended HMS Bounty Organization, LLC (“HMS Bounty”) and Robert Hansen (collectively the “Defendants”), in a recent bench trial before the Honorable Diane Gujarati in the United States District Court for the Eastern District of New York. Judge Gujarati issued her decision on April 11, 2022 finding that the Plaintiff, Acadia Insurance Company (“Acadia”), had failed to prove any of its...
London, 19th April, 2022: The Insurance Development Forum (IDF) is delighted to announce the appointment of Michel M. Liès as its next Steering Committee Chair with effect from 19th April 2022. The IDF is a public / private partnership led by the insurance industry and whose members include the United Nations, World Bank and other international organisations.
Michel M. Liès, who is Chairman of Zurich Insurance Group (Zurich) and Deputy Chair of the IDF Steering Committee, will...
London, Monday 28th March 2022: A raft of consequences faces shipowners, insurers, and adjusters in dealing with the aftermath of ship collisions, speakers at the latest joint seminar in London of the Association of Average Adjusters and the International Underwriting Association made clear.
Casualties harbour potential cost implications...
IUA Survey shows insurers covering emerging technologies
More than half of companies polled in a new International Underwriting Association (IUA) survey are already providing insurance for devices linked to the ‘Internet of Things’ and unmanned aerial vehicles (UAVs). The research showed how London Market companies are developing new products to cover emerging technologies, with around 30% of firms already insuring smart medical devices and artificial intelligence.
A total of 20 companies were...
https://allaboutshipping.co.uk/2022/03/09/iua-survey-shows-insurers-covering-emerging-technologies/
Vital Statistics for the 2021 100 Top Women in Shipping
By Anny Zade
We have not experienced anything like this and never witnessed or heard anything to be as closely followed as the international mega-spread talk, gossip and social media communication, as the aftermath of our third international 100 Top Women in Shipping. It was more than touching to see how women reacted in uploading the results and making presentations individually or in groups in many regions all over Planet Ocean....
https://allaboutshipping.co.uk/2022/03/07/vital-statistics-for-the-2021-100-top-women-in-shipping/
Goldman Sachs returns to MC
Good Morning MonacoThursday, February 17, 2022
Goldman Sachs comes back to Monaco
Goldman Sachs announced on Wednesday the opening of a new office for its Private Banking division in Monaco as part of its European expansion…
Monaco: More plummeting coronavirus figures
The Government reported 26 positive tests on Wednesday, February 16. Thirty residents were reported fully-recovered…
https://allaboutshipping.co.uk/2022/02/17/goldman-sachs-returns-to-mc/
Business as usual as Aviva celebrates 325 years of commercial insurance with a look back at peculiar claims, famous firsts and celebrated customers
Aviva has opened the vaults on its 325 year history in commercial insurance to unearth cases of flying sheep, rivers of burning whisky and even the Great Train Robbery.
From the earliest days of insuring British businesses, when brewer Edward Price took out insurance with the Hand in Hand Fire & Life Insurance Society in January 1697 to protect his...
IUA survey shows climate risk is top London Market challenge
The top challenge currently facing London market companies is climate risk, a new survey by the International Underwriting Association has revealed. In a survey of its members the organisation recorded 27% of respondents mentioning climate change and wider environmental, social and governance (ESG) issues when asked what are the top three challenges facing your company? The second most popular answer was regulatory change...
IUA Outlines Business Plan for 2022
The International Underwriting Association has published its business plan for 2022, featuring objectives on a range of issues highlighted in recent risk management surveys. Climate risk, business interruption, regulatory changes and pandemic response are all topics that are both of concern to London company market clients and set to be addressed by the IUA in the months ahead.
The association’s Climate Risk Committee will continue to cooperate with...
https://allaboutshipping.co.uk/2022/01/13/iua-outlines-business-plan-for-2022/