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Lloyd’s and Insurers Support to EU & UK Govt on Ship Insurance Ban for...
The UK government will ban the provision of insurance for ships carrying Russian oil, the Treasury confirmed, cutting off access to the vital Lloyd’s of London market for seaborne Russian cargoes. The...
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Marine & Cargo Insurance Market. Top Causes of Claims in Marine Insurance
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, while at a time of rising exposures and inflation, cargo damage is the most frequent cause of loss,...
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Insurance Industry & Country Risk Assessment for the Global Marine P&I Sector...
S&P Global Ratings’ insurance industry and country risk assessment (IICRA) for the global marine protection and indemnity (P&I) sector. The assessment is comparable with that of other sectors,...
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Aviation, Marine & Cargo Global Insurance Market Forecasts & Dynamics
The aviation, marine and cargo transit (MAT) Global Insurance Industry is estimated to grow at a compound annual growth rate (CAGR) of 6.4% from 2023-2026, supported by increasing trade activities,...
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Shipping Safety & Key Risks for Marine & Cargo Insurance
Shipping losses hit a record low in 2022-2023, but jump in fires, shadow tanker fleet and economic uncertainty pose new safety challenges. Shipping transports around 90% of world trade onboard...
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2024 Global Marine Insurance Market Review
Global marine insurance premiums totalled USD35.8 bn an 8.3%. The post-pandemic rebound in trade, increased asset values, reduced market capacity and an adjustment in premiums were all likely to have...
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Unity Facility: Risk Mitigation for Ukrainian Grain Exports in Global Insurance
Marsh McLennan’s new Unity facility to cover Ukrainian grain exports could pave the way for more insurance solutions to support the country amid the ongoing war. The full extent of insurance and...
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How Many Insured Losses Drives the Francis Scott Key Bridge Collapse?
The collapse of the Francis Scott Key Bridge near the Port of Baltimore, Maryland is expected to drive up to $4 bn in insured losses, with reinsurers set to bear the bulk of the claim amid concerns it...
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