Cyber Risks – Shipping needs a new Policy wording
We were invited to present to the 5th Asia Marine Insurance Conference in Hong Kong during Hong Kong Maritime Week on Cyber Risks in Shipping. Cyber Risks Presentation to Asia Marine Insurance Conference, November 2017 We took the opportunity to invite the audience of insurers to create a marine cyber product, focused on the shipping market. We believe operators need a ...
Continue ReadingPress 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 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 ReadingSteamship Mutual announce nil General Increase for 2017 and 10% rebate for 2014/15 policy year
Following their meeting on 25 October, the Steamship Mutual has decided to return capital to the Club’s Members. The return will be 10% of premium paid on Class 1 (P&I) owned mutual entries in respect of the 2014/15 policy year. It was also decided that no General Increase was required at the 20 February 2017 renewal – this being the ...
Continue ReadingThe “Longchamp” – a judgment with consequences?
General Average is commonly seen in insurance policies and other contracts in shipping industry. English law defines a general average act as any extraordinary sacrifice or expenditure voluntarily and reasonably incurred for the common safety and for the purpose of preserving the property in peril in a common maritime adventure. The York-Antwerp Rules (YAR) lay down the items allowable in a ...
Continue ReadingInsurance impact of South China Sea ruling
This article can be found here and originally appeared in Insurance Business on 14 July 2016 The decision by an international tribunal to rule against Chinese claims to rights in the South China Sea should have a limited impact on the insurance market, a marine specialist has said. The Permanent Court of Arbitration, based in The Hague, ruled that there ...
Continue ReadingOil and shipping markets on edge after South China Sea ruling – Our Comments
Full story from Reuters can be found here or at www.reuters.com “Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing’s claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found China had breached the sovereign rights of the Philippines ...
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