IUMI publishes initial findings from its major claims database.

Dave Matcham

IUMI publishes initial findings from its major claims database.

During this year’s annual International Union of Marine Insurance (IUMI) conference, initial findings from IUMI’s major claims database were made available for the first time.

Following three years of development, the database is now sufficiently reliable for IUMI to publish a set of global cargo claims data.

Dave Matcham, Chief Executive, International Underwriting Association; and project leader and secretary to IUMI’s...

https://www.allaboutshipping.co.uk/2020/09/16/iumi-publishes-initial-findings-from-its-major-claims-database/

Global marine insurance results indicate a modest recovery but COVID-19 adds uncertainty for the future, IUMI reports.

Global marine insurance results indicate a modest recovery but COVID-19 adds uncertainty for the future, IUMI reports.

Today, IUMI – the International Union of Marine Insurance – presented its analysis of the latest marine insurance market trends during its annual conference which this year is being held online. Marine underwriting premiums for 2019 were estimated to be USD 28.7 billion which represents a 0.9% reduction from 2018.

The USD 28.7 billion global income was split between these...

https://www.allaboutshipping.co.uk/2020/09/15/global-marine-insurance-results-indicate-a-modest-recovery-but-covid-19-adds-uncertainty-for-the-future-iumi-reports/

American Club Member Alert (September 14, 2020) Re – Sanctions compliance: The Norm in Shipping VLOG

American Club Member Alert (September 14, 2020) Re – Sanctions compliance: The Norm in Shipping VLOG

SEPTEMBER 14, 2020

SANCTIONS COMPLIANCE: THE NEW NORM IN SHIPPING VLOG

Your Managers are pleased to announce the release of a vlog entitled Sanctions Compliance: The New Norm in Shipping.

Recent advisories and pronouncements by the US demonstrate the US government’s commitment to prevent sanctions evasion, smuggling, criminal activity and facilitation of terrorist activities with a focus on Iran,...

https://www.allaboutshipping.co.uk/2020/09/14/american-club-member-alert-september-14-2020-re-sanctions-compliance-the-norm-in-shipping-vlog/

Navigating changing climates: IUMI President, Richard Turner, identifies four key challenges facing marine insurers.

Richard Turner, IUMI President

Navigating changing climates: IUMI President, Richard Turner, identifies four key challenges facing marine insurers.

In his keynote address to the International Union of Marine Insurance (IUMI) annual conference, IUMI President, Richard Turner, focused on four areas that are set to exert maximum impact on the marine insurance sector of the future – these were identified as the COVID-19 pandemic, the changing macro-economic and geopolitical situation, climate change...

https://www.allaboutshipping.co.uk/2020/09/14/navigating-changing-climates-iumi-president-richard-turner-identifies-four-key-challenges-facing-marine-insurers/

Insurance leaders combine to raise money for planned Insurance Museum in EC3

Lloyd’s: supporting museum initiative.

Insurance leaders combine to raise money for planned Insurance Museum in EC3

By James Brewer

Leading insurance, broking and financial interests have put their weight behind a fund-raising launch for a planned Insurance Museum in the City of London.

They are initially seeking to raise a minimum £3m a year to enable the museum to open its first phase in 2021.

Marine insurance, which emerged on a substantial scale in the 17th century out of dealings at Edward...

https://www.allaboutshipping.co.uk/2020/09/07/insurance-leaders-combine-to-raise-money-for-planned-insurance-museum-in-ec3/

HFW COVID-19 Chronology

HFW COVID-19 Chronology

At HFW, we understand how COVID-19 has affected businesses around the world.

Each jurisdiction, in all corners of the globe, has and will continue to grapple with the issues arising from COVID-19.

In light of this, our global insurance team have created a COVID-19 Chronology of the dates when COVID-19 related restrictions on businesses were introduced, to be used as an initial guide when reviewing any policies which may be available.

Within this, we have provided...

https://www.allaboutshipping.co.uk/2020/09/07/hfw-covid-19-chronology/

IUMI Eye September 2020

IUMI Eye September 2020

Please see below the link to International Union of Marine Insurance (IUMI – www.iumi.com) latest edition of the informative IUMI Eye:

IUMI EYE September 2020

A few of the key stories include:

  • Message from the President
  • European Parliament impatient on greenhouse gas ambitions
  • New sanctions regimes and compliance issues for marine insurers
  • IUMI EYE Q&A with Ian Lennard, National Cargo Bureau
  • Diesel electric hybrid vessels – is it for every vessel?
  • COVID-19: Does...

https://www.allaboutshipping.co.uk/2020/09/07/iumi-eye-september-2020/

Insurance Museum – Fundraise Launched

Insurance Museum – Fundraise Launched

Target of £3 million per year will enable the delivery of a world-class visitor centre in the City of London, together with digital tools, a documentary series and educational outreach to engage the next generation of insurance professionals

London, 7th September, 2020: The organisers behind the Insurance Museum Initiative (IM IN), a ground-breaking project to open the door on the world of insurance and reinsurance and share its incredible story inclusively...

https://www.allaboutshipping.co.uk/2020/09/07/insurance-museum-fundraise-launched/

West of England P&I establishes long term charity programme to Mark 150th anniversary year

Tom Bowsher, West Group CEO

West of England P&I establishes long term charity programme to Mark 150th anniversary year

London, 07 September, 2020 – West of England P&I Club, a leading insurance provider to the global maritime industry, has today announced the establishment of a long-term charity programme to mark its 150th anniversary year. The Club has made initial commitments to Sailors’ Society, Blue Marine Foundation, and the National Oceanography Centre, and will be continuing to...

https://www.allaboutshipping.co.uk/2020/09/07/west-of-england-pi-establishes-long-term-charity-programme-to-mark-150th-anniversary-year/