INSURANCE

Having published its own inaugural sustainability report in 2021, Britannia P&I has created a template for its Members and other shipping companies to use as a guide to help them develop their own sustainability reports.

Global marine insurer North has reinforced its strategy for premium diversification with two major additions to its Sunderland Marine Owners’ Fixed Premium P&I team.



Describing 2021 as “one of the most challenging years on record”, North P&I Club’s latest Pre-Renewal Report calls for “robust action” in the form of increasing mutual P&I rates at the forthcoming renewal to confront the challenge of mounting claims liabilities.

North P&I Club has announced the appointment of Michael Asherson as Claims Director, in a return to the Club for one of shipping’s leading experts in maritime and insurance law after three years in private practice in his native South Africa.

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.