Insurance firms have raised 'war risk premiums' for vessels in Russia's Black Sea ports amid escalating tensions and reported attacks, adding to the country's overall oil export costs.
Hewitt, a veteran of the legal industry, will lead BMS Group's operations in Japan as the firm aims to establish itself amid the surge in Japanese M&A insurance market
Japan P&I retains its 'BBB' financial strength and long-term issuer credit ratings from S&P Global Ratings, however potential losses from last week's Fremantle Highway vessel were not mentioned...
Goldman Sachs is understood to be gathering indicative bids based on the insurer's projected earnings, which may price local players out of the market.
The Fremantle Highway roll-on roll-off vehicle carrier experienced a devastating fire off the Dutch coast while transporting 2,857 vehicles, including electric vehicles - leading to the death of at least...
The partnership comes a week after the news that Hailstone Labs had invested in OneDegree to promote the advancement of digital assets and blockchain technology.
Fires involving Li-ion batteries are more dangerous and can lead to huge losses - and the insurance and shipping sectors are grappling how to deal with the issue.
