Press Release: Latitude Brokers opens Latitude Korea Ltd
Hong Kong, 3 July 2017– Latitude Brokers, the Asia based marine insurance specialist, has opened a liaison office in Seoul, Korea. Latitude’s office in Seoul will be their third in Asia, having opened in Hong Kong and Singapore in 2014 and 2016 respectively. Latitude Korea Ltd is wholly owned by Latitude Brokers Ltd and will be run by Mr SW ...
Continue ReadingFounding Partner Relocating to Singapore
We are pleased to announce that Tom Fulford-Smith will be relocating to our Singapore office with effect from 1st September 2017, subject to regulatory approval. Tom will join Charles D’Alton, growing our team to six staff in Singapore this year. Vanessa Toucas and Andrew Brooker will continue to run our Hong Kong office, with all four Founding Partners managing our ...
Continue ReadingInternational Group Reinsurance (GXL) Renewal 2017
The IG Clubs have completed the negotiations for the GXL renewal for the 2017 policy with a favourable result for owners. The IG Clubs pass on savings (and increases) to their Members at cost, so any reduction will translate directly to owner Members in their 2017 renewals. The Clubs increased their retention to USD10m at 20 February 2016 which remains ...
Continue ReadingSwedish Club announces nil General Increase for 2017
The Swedish Club has announced they will be seeking a nil General Increase for the 2017 renewals. The Club will not increase deductibles or make other changes to the cover, aside from increasing the FD&D limit to USD10m (up from USD5m). No further information was provided, but the full Circular can be found here.
Continue ReadingTradewinds Article 2 December 2016
We were recently featured in Tradewinds after the launch of
Continue ReadingPress Release: Latitude Brokers launches PILOT
Latitude Brokers launches Hong Kong, 29 November 2016 – Latitude Brokers, the Asia based marine insurance specialist, have launched PILOT – the first online P&I Club comparison tool. In time for the 2017 P&I renewal season, PILOT distils critical information for each IG Club in to an efficient, live and interactive format allowing owners to easily compare their Club’s performance, ...
Continue ReadingAt a glance – IG Club General Increases for 2017
The following is solely in respect of the Mutual P&I entries and excludes FD&D, fixed premium entries and charterer’s liability. The headline General Increase numbers are as follows and will be updated as each Club announces – click on each Club’s link to see the full GI announcement or use for real time data comparison: American Club – 0% for ...
Continue ReadingNo General Increase for London Club for 2017
The London Club will be focusing on individual Members’ record and exposure for 2017/18 renewal, and no General Increase will be set on the P&I and the FD&D entries. The release calls on both classes for 2017/18 is 15%. Any adjustment to the IG reinsurance costs programme will be applied to the Members in the usual fashion. The release calls ...
Continue ReadingJapan P&I Club announces nil General Increase for 2017
The Japan P&I Club has announced they will be seeking nil General Increase for the Advanced Call for the 2017 policy year, with the Supplementary Call remaining at 40% of the Advanced. FD&D entries will also be subject to a nil General Increase. In addition, the Club has updated the Release Calls on open years as follows: 2017 – 45% 2016 ...
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