Cargo insurance has entered a new era that will deliver opportunities to those underwriters who embrace technology and harness its power.

Speaking at the International Union of Marine Insurance (IUMI) annual conference currently taking place online, chairperson of the IUMI Loss Prevention Committee, Pascal Dubois, called on marine insurers to recognize the vital role that loss prevention plays in increasing overall efficiency and profitability of their entire business. 

Global marine insurer North P&I Club has reaffirmed its drive for diversification by appointing Nick Wolfe as Deputy Global Director (Underwriting), reflecting a significant expansion in his leadership role in developing the diversification strategy.

In recognition of the extra demands and pressures facing the crew who work on board its Members’ ships, and the crucial role played by seafarer charities in supporting crew welfare during the pandemic, Britannia P&I Club has made one-off donations to four charities.

A challenging claims environment including increased claims on the IG pooling system and the effects of the coronavirus pandemic were factors which impacted The London P&I Club’s result for 2020/21.

Marine insurance broker Northern Lloyd expands internationally.