INSURANCE

The Swedish Club is delighted to announce the opening of a new office in Singapore.

The London P&I Club has released new operational guidance for carrying and securing non-standardised cargo during transportation in a bid to reduce stowage risks and the number of serious accidents that have occurred as a result of inadequate securing arrangements.

Building on strong growth in demand for both Protection and Indemnity (P&I) and a suite of related maritime insurance products in Asia, The London P&I Club has bolstered its leadership team in its Hong Kong office, promoted several members of its underwriting team and expanded its claims team.

The London P&I Club has brought together an experienced team from across its Hong Kong and London offices to cater for a growing offshore and specialist vessel book.

Combination would establish a global marine insurer positioned to thrive in the face of current and emerging challenges and opportunities posed by digitalisation, recruitment, regulation and sustainability.

The Standard Club, a leading shipping protection and indemnity mutual insurer, has announced its renewal results for 2022. 98% of the existing membership has renewed and with significant organic growth from existing members, together with a number of new members joining, the club now insures 158m gross tons having grown by 11m at renewal.

Sunderland Marine, the fixed premium insurance division of North P&I, has appointed Mia Bredenberg as Australian branch manager, effective 31 January 2022.

The Ever Given case is another reminder of the fragility of global supply chains and the importance of shipping but it raises some important questions about the challenges facing insurers when modelling for such claims, delegates attending a Nautical Institute webinar were told.