The Joint War Committee amends the War Listed Areas
Prompted by the recent reduction in the Indian Ocean High Risk Area defined by BIMCO and referred to in BMP4, the Lloyds Joint War Committee have announced a change in the War Listed Areas on 10th December 2015. The Indian Ocean / Arabian Sea / Gulf of Aden / Gulf of Oman / Southern Red Sea area is reduced on ...
Continue ReadingLatitude goes Jamming with Feeding Hong Kong for Christmas
As part of the festive season, we helped Feeding Hong Kong make 2000 jars of jam to be given out to low-income families in December. The sacks contain a number of homemade items and each jar is personalized by the volunteers! Our own Kay Chan said “I am very glad to be one of the volunteers participating in the jam making session ...
Continue ReadingThe Strike Club 2016 General Increase announced
The Strike Club, now managed by Charles Taylor (managers of the Standard Club), have announced a 10% General Increase for all three Classes of cover for the 2016 policy year. In addition, Club has advised members to budget for increased Closing Calls on the open years as follows: Classes I & II (shore-related risks): 2015/6 – 30% (increased from 20%) 2014/5 – ...
Continue ReadingIndian Ocean Piracy High Risk Area reduced from 1 December 2015
BIMCO has announced a reduction in the Piracy High Risk Area for transiting the Indian Ocean effective from 1st December 2015, per the below map. BMP4 (the latest advisory on anti-piracy measures) will now only be applicable when a vessel enters the reduced area, which is defined by the following boundaries: In the Red Sea: Latitude 15oN In the Gulf of ...
Continue ReadingLatitude completes MBO, becomes fully independent
We are very pleased to announce that we have finalized terms with CGSC to purchase their shareholding and become fully independent as of 8th October 2015. Latitude CGSC Press Release 9 Oct 2015 We are very excited about the opportunities this brings to us as a business, for our clients and for future growth opportunities. There will be no change ...
Continue ReadingLatitude completes MBO, becomes fully independent
We are very pleased to announce that we have finalized terms with CGSC to purchase their shareholding and become fully independent as of 8th October 2015. Latitude CGSC Press Release 9 Oct 2015 We are very excited about the opportunities this brings to us as a business, for our clients and for future growth opportunities. There will be no change ...
Continue ReadingLatitude speaking on panels at 3rd Asia Marine Insurance Conference, 12-13 October
We are pleased to be involved with the 3rd Asia Marine Insurance Conference, being held on 12/13 October at the Excelsior Hotel in Hong Kong. Some of the industry’s most senior underwriters will be there offering their views on the industry. Charles D’Alton will be on the P&I panel and Andrew Brooker will be on both the Owner’s panel and ...
Continue ReadingAmerican Club latest to diversify in to H&M
The American P&I Club, managed by the Shipowners Claims Bureau Inc, is the latest P&I Club to diversify into the hull and machinery market. Shipowners Claims Bureau (SCB) have announced the opening of the American Hellenic Hull Insurance Company, based in Cyprus, but underwriting from Piraeus. SCB have joined with the Hellenic Hull Mutual and, subject to regulatory approval, will move their ...
Continue ReadingIt’s our First Anniversary!!
We officially launched on 1st September 2014, one short year ago. Since then, we have: been fortunate to win new business from a dozen different countries around the world; recruited a great team comprising of 14 people in Hong Kong and Beijing; had launch parties; won awards for our branding and received recognition for our community involvement; we have travelled thousands ...
Continue ReadingPress Release: Total Objects Provides Specialist Insurance Software to Latitude Brokers
GLOBAL XB solution creates an infrastructure to allow Latitude to manage clients, premiums, claims, IBA and compliance. LONDON, 04 August 2015- Specialist insurance software provider, Total Objects, has been chosen by Latitude Brokers, the insurance brokers specialising in the shipping, offshore and supply chain industries across Asia, to help create a robust and technologically advanced infrastructure to manage clients, premiums, claims, ...
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