19th September 2017

At today’s annual IUMI (International Union of Marine Insurance) conference in Tokyo, James McDonald, chairman of IUMI’s...

19th September 2017

With the growing size of container vessels, and a recent spate of fires on board these ships, IUMI is concerned that current...

18th September 2017

Nick Derrick, chair of the International Union of Marine Insurance (IUMI) Cargo Committee reported a total estimated cargo premium of USD 15 billion for 2016 at the organisation’s annual conference today in Tokyo. This represented a decline of six per cent from 2015 and a further nine per cent decline since 2014.

18th September 2017

Opening today’s annual IUMI conference in Tokyo, President Dieter Berg predicted an impending shake-up in the marine insurance sector driven by the current environment of disruption.

18th September 2017

IUMI – the International Union of Marine Insurance – presented its annual statistical report on the marine insurance market at today’s conference in Tokyo. The association reported that global marine underwriting premiums for 2016 fell to USD 27.5 billion, a 9% reduction on the figure reported for 2015.

6th April 2017

Rising energy claims against a reducing premium base; and the increased cargo accumulation risk onboard vessels and in port continue to challenge marine insurers.

23rd February 2017

The deadly fires aboard the ferries “Nordic Atlantic” just before New Year 2014 and the “Sorrento” in April 2015, prompted an international response from the UN International Maritime Organization (IMO) in May 2015.

24th October 2016

Today, in Hong Kong, the International Union of Marine Insurance (IUMI) announced the opening of a new overseas hub in Asia – this is the first time in the organisation’s 142 year history that it has established a permanent presence outside of Europe.

21st September 2016

At yesterday’s IUMI marine insurance conference in Genova, Cargo Committee chairman Nick Derrick announced a reduction in global cargo premiums by 9% from 2014 to 2015, the total premium value being US$15.8 billion. He stated a combination of a strong US dollar and falling cargo values as the main reasons for the decline.

21st September 2016

Speaking at yesterday’s IUMI Genova conference, Simon Williams, Chairman of IUMI’s offshore energy committee, warned that the offshore energy sector was facing a series of significant challenges.