Insurance: P&I

The West of England P&I Club has inked an agreement to acquire a significant stake in marine insurance provider Nordic Marine Insurance (NMI).

Crewing and commercial issues were in focus in a Capital Link webinar on the impact on shipping of the coronavirus (Covid-19).

The team from specialist shipping lawyers Bentleys, Stokes and Lowless in London is joining Ince’s shipping team.

Mutual insurers are holding their breath during the early weeks of IMO 2020 regulations, as fuel compliance, scrubber performance and wash water issues present a whole new series of liability risks.

Despite a backdrop of premium erosion challenging its operating results the American Club says its mutual and fixed premium businesses are in a buoyant state.

Concerns over hefty disability pay outs to Filipino seafarers with pre-existing medical conditions were flagged up by P&I clubs this week.

The focus of the International Salvage Union (ISU) over the coming year will be to promote recognition and appreciation of “the importance of a properly funded salvage sector,” according to its president Richard Janssen, also md of Smit Salvage.