50 predictions: Marine, Aviation & Transport and Energy By Anthony Menzies The nature of ransom is changing Kidnap and Ransom (K&R) insurance proved a perhaps unexpected source of cover for businesses that fell victim to last year’s sharp increase in ransomware attacks. As the upward trend for such cyber-extortion…
Arbitral jurisdiction under bills of lading – reinventing the wheel? By Anthony Menzies The Commercial Court in Sea Master Shipping Inc v. Arab Bank (Switzerland) Ltd ("The Sea Master") [2018] EWHC 1902 (Comm), has recently handed down a judgment, in which Popplewell J has ruled that banks are subject to the jurisdiction of an arbitral…
Navigators v. Atlasnavios-Navegacao – Supreme Court provides final twist in the tale By Anthony Menzies The Supreme Court has held that, contrary to the common ground between the parties, the vessel's loss was not caused by " any person acting" maliciously. As such, the Supreme Court has reached the same result as the Court of Appeal: that the…
All risks marine cargo insurance wording put to the test By Anthony Menzies The Commercial Court has recently held in Engelhart CTP (US) LLC v Lloyd’s Syndicate 1221 that unless clear and specific wording is used, an all risks marine cargo insurance policy does not cover a non-physical loss in the event that the intended…
In-depth analysis: Autonomous vehicles: from theory to reality By Peter Allchorne Autonomous vehicles are being tested on public roads around the world just as the first crewless ships are being trialled in open water. Is the insurance industry ready for the potential huge shift in coverage this will entail with a switch from…
50 predictions: Marine, Aviation & Transport and Energy By Anthony Menzies Digitised supply chains imminent As the move to embrace technology to improve efficiencies in the global supply chain gathers pace, cargo insurers will look to see how they can also benefit. The impact of events such as the explosion at Tianjin has…
Hanjin Shipping: Impact on Cargo Insurers By Anthony Menzies When the board of Hanjin Shipping voted unanimously to file for receivership at the end of August, it precipitated the largest container line bankruptcy in history. The collapse of the company is partly due to the pressure on the shipping industry,…
50 Predictions: Marine, Energy & Transport By Anthony Menzies "Piracy continues to be one of the main threats to global shipping and the marine insurance market. Constant vigilance is required to manage volatile exposures."
Sticking our neck out: Last year’s predictions reviewed By David Pollitt How hard can it be to predict the future? Pretty tough amid the whirlwind of change whipping around the insurance industry, so how did we do with last year’s predictions?
50 Predictions: Construction & Engineering By David Bear Making predictions about the future of the insurance market is not for the faint-hearted. Our experts have boldly looked ahead at the challenges you may face over the next year and produced 50 focused predictions.
