Insurer appetite for Iran crude risk to remain low

Banks, reinsurers and financial institutions have a much lower appetite for risk with regards to crude oil shipping from Iran than in the pre-sanctions era and this will not change in the near future, according to Mike Salthouse, deputy global claims dire

Skuld to acquire hull insurer SMA/Gerling

P&I insurer Skuld is diversifying with the planned acquisition of SMA/Gerling Norway and its hull and machinery...

Shipping risks mount, says insurer Allianz

Cyber-threats, crewing practices and increasing activity in the Arctic could all pose major safety and security threats in the coming years, an Allianz Global Corporate & Specialty (AGCS) report has warned. ...

Insurer warns of Iran oil 'sophisticated smuggling operation'

The West of England P & I Club has warned its members of recent attempts to export sanctioned Iranian crude by ship-to-ship (STS) transfer at the UAE\'s Khor Fakkan. ...

Vitality caught in spill spat

The insurer of a Greek boxship has denied the vessel was the cause of a 30-km oil slick off the Canary Islands.