Dalton nominated as next IUMI President
The International Union of Marine Insurance (IUMI) has announced the nomination of Sean M. Dalton as the next President of IUMI. Mr Dalton is the sole nominee for the position and, subject to election by […]
Insurance
Ship managers face rising litigation exposure
Ship managers are facing increasing litigation risks that are linked to inherited ship conditions, claims the International Transport Intermediaries Club (ITIC). The ITIC allegation was prompted by a recent incident in which claims exceeding US$2.5m […]
West Hong Kong takes more space in Hong Kong to support growth in China and Vietnam
International Group affiliate West has reinforced its long-standing commitment to the Chinese and Vietnamese market with the relocation of its Hong Kong office to larger premises, reflecting continued investment in the region and the Club’s […]
Rare Earth Insurance Partners unveils new leadership appointments
Rare Earth Insurance Partners headquartered in Hong Kong, with offices in Shanghai, Taiwan, and the UK, an independent wholesale insurance broker, has announced the promotion of Wang Wei, from chief executive to chairman of Rare […]
Marine insurers remain committed to supporting trade in the Middle East
The International Union of Marine Insurance (IUMI) has insisted that the global marine insurance market is maintaining cover for all marine sectors including cargo, hull, liability and offshore energy. IUMI confirms significant capacity is available […]
Healthy investment returns cast a thin veil over less than perfect P&I underwriting
The 2026-27 P&I renewals were completed last week with Skuld highlighted as a winner after picking up tonnage from CMA CGM, Oldendorff and SK Shipping. Average premium increases across the International Group were, for the […]
IUMI and TAPA warn of escalating cargo theft and freight fraud
An alarming rise in cargo theft and freight fraud across global supply chains is being highlighted by the International Union of Marine Insurance (IUMI) and the Transported Asset Protection Association (TAPA) EMEA, with incidents escalating […]
MoU signed between IUMI and HKMPDB for maritime education and talent nurturing
On 18 November, The International Union of Marine Insurance and the Hong Kong Maritime and Port Development Board (HKMPDB) signed a MoU the builds on a shared commitment to enhancing high-quality maritime education and the […]
Skuld seeks 7.5% premium increase at February ’26 renewal
International Group of P&I Clubs’ affiliate, Skuld appears to be among the earlier P&I Clubs to lay down the premium increase gauntlet ahead of the next year’s renewal in February. Steamship Mutual announced an 8% […]
China props up marine insurance market in Asia
The latest annual marine insurance statistics from the International Union of Marine Insurance (IUMI) shows the increasing importance of China’s premium contribution to the global total. Global marine cargo insurance premiums rose by 1.6% in […]