Jorge Pecci, Marine Practice Leader at RSGUM, comments on the use of off-specification fuel supplies, known as bunkers, and details a potential solution to mitigate the associated risk. Read more.
Jorge Pecci, Marine Practice Leader at RSGUM, and John Hearn, Managing Director at Lodestar Marine, comment on the insurance exposures surrounding the International Maritime Organization's new global sulphur cap on fuel content. Read more.
According to Jorge Pecci, Marine Practice Leader at RSGUM and CEO of SafeWaters, and Miles Wuller, COO of RSGUM, Ryan Specialty Group has a growing presence in the marine market — a confluence of market conditions and its own strategic decisions could mean further growth. Read more.
Transgrain Shipping (Singapore) Pte. Ltd. v Yangtze Navigation (Hong Kong) Co. Ltd. (The Yangtze Xing Hua)  EWCA Civ 2107 (Comm) The English Court of Appeal has affirmed the decision of the High Court (on appeal from an arbitration award) that the meaning of “act” in clause 8(d) of the Inter-Club Agreement (ICA) should be [...]
Agile Holdings Corporation v Essar Shipping Ltd. (The Maria)  EWHC (Comm) In a recent judgment on appeal from an arbitration award under S.69 of the Arbitration Act 1996, the English High Court had to consider whether an amendment to a NYPE charterparty was sufficient to make the Master responsible for cargo handling pursuant to [...]
Deep Sea Maritime Ltd. v Monjasa A/S (The Alhani)  EWHC 1495 (Comm) In a recent judgment the English High Court has held that the one year time limit for bringing claims under the Hague Rules applies to claims for misdelivery where the cargo has been delivered by the shipowner without production of the relevant [...]
May 14, 2018 - Fort Lauderdale, FL – SafeWaters Underwriting Managers (“SafeWaters”) is pleased to announce the appointment of Kevin Kempf as Vice President, Head of Cargo - US. Kevin is based in Melville, NY. Kevin joined SafeWaters on 1 April 2018 and comes with extensive knowledge of cargo insurance and more than fourteen years [...]
SafeWaters Expands Marine Offering to Include Cargo, Hull & Machinery, and Marine Liabilities Coverages
February 13, 2018, Fort Lauderdale, FL – SafeWaters Underwriting Managers (“SafeWaters”) is pleased to announce a new delegated authority underwriting agreement to provide the U.S. and Latin American markets with an expanded, comprehensive insurance offering of Ocean Marine products backed by Aspen Insurance, the insurance segment of Aspen Insurance Holdings Limited (NYSE: AHL) (“Aspen”). Effective [...]
October 31, 2017, FORT LAUDERDALE, FL – SafeWaters Underwriting Managers (SafeWaters) announced today their expanded capacity for Yacht Insurance with Everest National Insurance Company, an A.M. Best A+ rated carrier within the group of Everest Insurance® companies. SafeWaters provides physical damage coverage and P&I for yachts ranging in value from $100,000 to $25 million. Commenting [...]