08 Jan, 2024
Piracy Resurfaces - Recent Hijackings Escalate Maritime Threats in the Indian Ocean
The Gulf of Aden, Somalia, Arabian Sea, and Indian Ocean have recently witnessed a surge in maritime security concerns, particularly in the form of piracy and hijacking incidents. In a stark turn of events, Somali pirates executed the first successful hijacking in six years on 14 December 2023 off the coast of Bossaso, Somalia.
03 Jan, 2024
Maritime Autonomy Policy
Innovation in shipping presents exciting opportunities for industry and challenges for regulators. The recent emergence of autonomy in shipping and its wide range of applications is no different.
03 Jan, 2024
Turkey - Environmental Pollution Fines: Updated for 2024
Pollution fines in Turkey continue to undergo regular annual updates, reinforcing the commitment to stringent environmental protection measures. As of the latest amendments effective from 1 January 2024, vessels violating Turkish anti-pollution regulations face...
Dean Crossley
Loss Prevention Manager
28 Dec, 2023
Group Reinsurance Rates 2024/25
The arrangements for the renewal of the International Group General Excess of Loss (GXL) reinsurance contract and the Hydra reinsurance programme for 2024/25 have now been finalised. These include the Collective Overspill Cover; Excess War Risks P&I cover and MLC cover.
Simon Parrott
Underwriting Director