Category Archives: Marine

Large Ship Losses Continue to Trend Lower, But Emerging Risks Are Over the Horizon

ship-gold

The decade-long trend of fewer large ship losses continued during 2014 according to “Safety and Shipping Review 2015” recently released by Allianz Global Corporate & Specialty (AGCS). This correlates pretty closely with our observation that losses caused by mechanical failure … Continue reading →

Eternizado na história e na memória da Willis, naufrágio do Titanic completa 103 anos

Imagem fictícia do navio, no filme Titanic (Divulgação/IMDB)   Passado mais de um século, o naufrágio do Titanic ainda ocupa o imaginário das pessoas por sua magnitude, legado e mistério, permanecendo também na memória da Willis, corretora do navio na … Continue reading →

Are Cargo Insurance Policies Still Fit for Purpose?

As we celebrate the recent visit of Queen Elizabeth II to Lloyd’s to mark its 325th anniversary, it is also an opportunity to consider if the market is continuing to evolve and meet the needs of our clients in modern … Continue reading →

North American Insurance Buyers Facing Improved Market Conditions

Marketplace Realities: 2014

Property insurance rates are coming down, and the upward rate pressure on many other lines of business is easing. This is the word from Willis North America’s Marketplace Realities, the longstanding semiannual publication predicting price movement and key trends for … Continue reading →

Monaco Yacht Show Set to Showcase an Industry Defying Economic Woes

Superyacht, Monaco Yacht Show

The Monaco Yacht Show is the most prestigious yachting event of the year. With over 500 exhibitors comprising of ship-builders and designers, equipment suppliers, brokers and service providers all using the event to display their latest technologies and network, the Monaco Yacht Show is widely regarded as the calendar event for anyone in the Superyacht industry. Continue reading →

The Future of Piracy in a New Somalia

Pirates Nabbed

As Somalia stumbles through its most significant political transition since the fall of the Siad Barre regime, there are signs that the country’s most lucrative industry is also going through profound changes. The success rate of piracy halved from 2010 … Continue reading →

Piracy in South East Asia

There are some marked differences in tactics between pirates operating off the coast of Somalia and in the area around Indonesia and the South China Sea, our kidnap and ransom expert told me. Continue reading →

Insuring the Titanic

Titanic

This week marks the 100th anniversary of the tragic sinking of the Titanic. As the broker of the ill-fated ship, Willis has a unique perspective on one of the insurance world’s largest losses--shared by guest blogger Rachel Wilkinson of Willis Marine. Continue reading →

Costa’s Cost Could Sink that of Titanic

The Concordia, which is owned by Carnival Cruise Lines, may very well sink the Titanic's marine loss record. Chris Bhatt of Willis Marine practice discusses the incident's significance in the marine insurance world, both from a hull loss and liability perspective. Continue reading →