Shipowners Club says no additional call for 2017 policy year

At a meeting of the Shipowners’ Club Board on May 21st it considered the open policy years, and in particular the 2017 policy year. The 2017 policy year was currently forecast to produce a close to break-even result. Given this forecast, coupled with the accumulated surplus brought forward, the...

https://insurancemarinenews.com/insurance-marine-news/shipowners-club-says-no-additional-call-for-2017-policy-year/

High number of large claims increases Standard Club’s Combined Ratio for 2019/20

Jeremy Grose CEO of Standard Club’s managers  Charles Taylor & Co has informed members that the board of The Standard Club UK Ltd approved its financial statements at a meeting on May 15th. For the policy year to February 20th 2020 the club recorded a breakeven or profitable underwriting results on...

https://insurancemarinenews.com/insurance-marine-news/high-number-of-large-claims-increases-standard-clubs-combined-ratio-for-2019-20/

Grande America, Golden Ray, push North CR to 125.8% for 2019/20

North of England Club has defined itself as “resilient in the face of large claims” after two major casualties pushed the combined ratio to above 125% for policy year 2019/20. North’s premium income grew slightly to $347m along with market share, although CEO Paul Jennings said that concerted...

https://insurancemarinenews.com/insurance-marine-news/grande-america-golden-ray-push-north-cr-to-125-8-for-2019-20/

Webinar today: Locked down but still responding; managing a marine oil spill during a pandemic

The London P&I Club, in a joint live webinar with experts from The International Tanker Owners Pollution Federation Limited (ITOPF), Oil Spill Response Ltd (OSRL) and Navigate Response, will be looking at the practical details of mobilizing an oil spill response in the current world of social distancing, quarantines and travel restrictions. Based around potential…

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https://insurancemarinenews.com/insurance-marine-news/webinar-today-locked-down-but-still-responding-managing-a-marine-oil-spill-during-a-pandemic/

Surgical masks washing up on New South Wales coast after containers lost

Surgical masks and other items began washing up onto Australian beaches on Tuesday May 26th after containership APL England (IMO 9218650) lost at least 40 containers overboard in heavy seas off the coast of Sydney (IMN May 26th 2020). The medical supplies have been found on shores between Magenta...

https://insurancemarinenews.com/insurance-marine-news/surgical-masks-washing-up-on-new-south-wales-coast-after-containers-lost/

Sailors on way home after being freed from tanker Vemahope

Nine Georgian sailors were reported to be on their way home after an April 30th kidnapping by pirates in the Gulf of Guinea off Nigeria. The Georgian Maritime Transport Agency, said that 10 sailors – nine Georgians and one other – were taken on April 30th from tanker Vemahope (IMO 9477751), which...

https://insurancemarinenews.com/insurance-marine-news/sailors-on-way-home-after-being-freed-from-tanker-vemahope/

Who can limit their liabilities under the Limitation Convention 1976?

John Passmore QC and Chirag Karia QC of Quadrant Chambers have commented on a recent case before Justice Teare in the Admiralty Court While the plain answer to the question in the title is “shipowners and salvors”, this begs the questions: What is a “shipowner”? The owner, charterer, manager or...

https://insurancemarinenews.com/insurance-marine-news/who-can-limit-their-liabilities-under-the-limitation-convention-1976/