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...This documents underwriting details relating to over 60 voyages, including the direction and fate of the ships....
...Chris McGill, head of marine cargo underwriting at insurer Ascot, said he was “worried about the accuracy of the safety corridors” because the tide in the Black Sea could move the mines....
...And while western insurers, who dominate maritime underwriting, steer clear of companies exposed to sanctions, the Kremlin now provides alternative maritime cover....
...Although the price-cap mechanism allows western companies to continue to underwrite such cargos, it has become harder for shippers to get some types of insurance....
...Chris McGill, head of marine cargo underwriting at insurer Ascot, said insurance that had already been issued still stood....
...However, Chris McGill, head of marine cargo underwriting at Ascot, which is leading the insurance consortium, said insurers were pricing the deal on the basis that the agreement will hold....
...“There is no current UK ban affecting global shipments of Russian oil,” said Patrick Davison, underwriting director of the Lloyd’s Market Association, an industry group for insurers at Lloyd’s....
...The company’s cargo revenue climbed 50 per cent in the third quarter to $422m. The airline’s loss of $8.16 per share compared with a $7.53 loss anticipated by analysts polled by FactSet....
...(FT) Haunted by the past Lloyd’s of London, founded in 1686, has launched an internal investigation into whether it owes reparations for its underwriting of slaves and the cargo vessels that carried them...
...But more standard insurance contracts, such as marine cargo coverage for small and medium sized businesses, would move to an online system called Lloyd’s Risk Exchange....
...Options include blasting off the tops of the King and Queen rocks, extending the runway or accepting that it cannot be used and investing in a replacement for the decades-old Royal Mail cargo-passenger ship...
...His goal at Zurich will be to boost earnings, improve underwriting performance and ensure the Swiss insurer successfully rides the wave of consolidation across the global insurance sector....
...Frigid conditions in the US Midwest caused delays and disruption in shipping cargo by rail, hurting Mr Buffett’s railroad subsidiary, Burlington Northern, the company said on Friday....
...Formed in 1997, Cathedral provides protection against a wide range of risks, from satellites and cargo to reinsurance for US catastrophes....
...The largest contributor to the rise was insurance underwriting profits of $901m, compared with $54m last year....
...With the Costa Concordia disaster and Sandy both striking in 2012, Willis said marine insurance had suffered “one of its worst underwriting years in recent history.”...
...Berkshire Hathaway, the confectionery to cargo train conglomerate controlled by Warren Buffett, said its cash pile had grown 9 per cent to $40.7bn since the start of the year....
...He was addressing the crowd gathered for the annual meeting for Berkshire Hathaway, a jamboree to celebrate the candy to cargo train conglomerate and its 81 year old chairman known as the “Sage of Omaha”...
...Cargo insurance has fared better but it too suffered an overall underwriting loss in 2010....
...Warren Buffett has earned his investors’ trust in decades spent building the cowboy boot to cargo train conglomerate he controls, Berkshire Hathaway....
...The price of protecting a ship or its cargo against piracy through insurance was rising, he said, and this would feed the reinsurance market....
...Aerobox, the plane cargo box maker, was unchanged at 6p. Rumours said it would soon announce management changes....
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