INSURANCE INSIGHTS FOR THE GLOBAL MARINE & CARGO INDUSTRIES
MARITIME & LOGISTICS
In a volatile marine market, effective risk management is crucial. With quarterly market updates on P&I and Hull & Machinery as well as our flagship annual report on P&I, the Gallagher Specialty Marine team’s insights address the major issues affecting clients across key global and regional sectors.
04/25 HULL & MACHINERY
Navigating the Future of Shipping
The International Maritime Organisation's ambitious ‘Net-Zero’ Green House Gas emissions target by 2050 is a defining challenge for the maritime industry. While short-term solutions exist, a full transition to low-carbon and zero-carbon fuels is still complex and uncertain. OSM Thome and Evigo share their thoughts.
03/25 CARGO & LOGISTICS
Blue Bonds: Fuelling Marine Sustainability
The shipping industry, responsible for transporting 90% of global trade, contributes significantly to greenhouse gas emissions. Policymakers and stakeholders across the maritime value chain are taking steps to address the sector’s annual billion tons of emissions.
11/24 PROTECTION & INDEMNITY
Talking P&I
Alex Vullo, Managing Director of the Gallagher Specialty P&I team, sat down with Club managers from Britannia, Gard, NorthStandard and Skuld to discuss the trends currently affecting the P&I market and what they are expecting to see when it comes to the 2025 renewals.
09/24 PROTECTION & INDEMNITY
American Club Supplementary Call
The American Club has advised members that it is making a 35% excess supplementary call on the 2022-23 policy year. This action was expected following the Club's decision to increase the release call on the year to 35% in November of last year.
09/24 PROTECTION & INDEMNITY
2025 P&I Renewal Outlook
In preparation for the 2025 P&I renewal, we have produced a high-level version of our annual pre-renewal P&I review. We have compiled this market summary version looking at some of the main key takeaways from the recent Club financials, as well as what we expect to see at the coming renewal.
02/24 HULL & MACHINERY
Marine War Bulletin
In the wake of the 7 October 2023, attack on Israel by Hamas and its aftermath, the Houthi militia's activities in the Red Sea and Gulf of Aden have taken a concerning turn. The Gallagher Specialty Marine team has written a war bulletin, providing an in-depth exploration of the situation.
12/23 HULL & MACHINERY
Hull & Machinery Market Update H2 2023
The marine insurance market, often seen as resistant to change, is adapting to drive efficiency and enhance the overall client experience. As we delve into this evolving landscape in our latest market update, we explore how technology is reshaping follow market capacity, examining its potential benefits and addressing the challenges associated with its rapid integration.
08/23 ARTICLE
Case Study: Panama - A City of Innovation
Panama City will play a central role in the country’s carbon neutral pledge, providing a blueprint for city decarbonisation across the country. Furthermore, the Panama Canal has committed to becoming carbon-neutral by 2030 and is in the process of adopting various technologies to improve its operations, efficiency and reduce its emissions.
11/22 HULL & MACHINERY
Hull & Machinery and War Risks Report
It is very difficult to turn on the news at the moment without hearing the word ‘inflation’ and it seems hard to escape conversations around this topic. Marine Hull & Machinery insurance is certainly not immune to these inflationary pressures and there is very real concern that increasing claims costs are inevitable as the prices of steel and labour continue to soar.
09/22 ARTICLE
The new Brazilian cabotage legislature
Maritime transport in Brazil is on the precipice of change. In January this year the government enacted legislation to increase the offer and quality of cabotage in Brazil’s vast coastline and inland navigable waters. The move is likely to have profound and complex insurance and people risk implications.
05/22 HULL & MACHINERY
Hull & Machinery and War Risks Report
As you would expect, the tragedy unfolding in Ukraine is currently dominating discussion in the Marine Hull market and the wider insurance world. The devastating impact of the Russian invasion cannot be understated and the loss of so many lives is impossible to comprehend.
12/21 HULL & MACHINERY
Hull & Machinery and War Risks Report
At the time of writing, political and business leaders from around the globe are meeting in Glasgow for the COP26 Summit. It is a fitting time for the final edition of the year where our focus has been on sustainability in shipping and, more specifically, the role that the insurance industry plays in helping to drive the necessary changes for a greener and more sustainable future.
07/21 HULL & MACHINERY
Hull & Machinery and War Risks Market Report
After a return to lockdown at the end of 2020, a gradual return to offices is now underway. The threat of new variants of COVID-19 remains, however, the UK appears to be well on track with the vaccination programme, and there is hope of return to a ‘new normal’ by the end of the summer.
02/21 HULL & MACHINERY
Hull & Machinery and War Risks Market Report
Just over 12 months ago media around the world began to report on a new virus believed to originate in the Wuhan province of China. Even the boldest, most farfetched predictions of what would follow could not have come close to accurately depicting what must go down as one of the most extraordinary years since World War II.
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