by AIP Online Bureau | Apr 9, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Underwriters are charging as much as 10% of the value of a ship’s hull — basically the vessel’s worth as an asset — for what is called an additional war-risk premium, according to four people involved in the market. Some are simply quoting to cover at prices that they...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Ship insurers have quoted the additional premium rate for seven days at anywhere between 1% to 2% and up to 5% of insurance costs, from an estimated 0.025% on Monday before Russia’s invasion began, according to indicative rates from marine insurance sources This...
by AIP Online Bureau | Nov 9, 2021 | Climate, Environment, Renewable Energy, Facts, Non-Life
International shipping is a crucial part of the global economy — 90 per cent of the world’s trade is transported by sea. But almost all ships use fossil fuels and so the sector is also a major emitter of greenhouse gas pollution — with emissions roughly on a level...
