SEA SCOPE

New base in Seoul will allow global marine insurer to offer enhanced support and service in Korea as it continues growing across the region.

With little prospect that the uncertainties and inflationary pressures afflicting the global economy through 2022-23 will disappear, NorthStandard has signalled intentions to apply a precautionary 5% increase to its P&I and FD&D premiums for 2024-25.

Ocean Network Express (ONE) is pleased to announce the success of its first interactive loss prevention workshop, held at ONE’s headquarters in Singapore on 07 November 2023.

The International Union of Marine Insurance (IUMI) has released its 2023 analysis of the global marine insurance market – the IUMI Stats Report.

Two major UK maritime insurers, the UK P&I Club and TT Club, become members of the Cargo Fire & Loss Innovation Initiative.

The publication of NorthStandard’s Annual Review demonstrates that the merger of North P&I and Standard Club is already providing a platform for financial stability and growth.

The American Club has reported encouraging year-on-year growth in premium and tonnage over the recent renewal period.

The International Union of Marine Insurance (IUMI) held its annual Winter Meeting in London; this is its first meeting of the year.