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References in periodicals archive ?
"Marine insurance premiums have witnessed a decline of 13 per cent due to the decline in commodity prices and the global economic recession," he said.
"As a sponsor, we aimed to highlight Dubai's pioneering experience in the development of marine insurance policies in its bid to raise its global competitiveness and increase the attractiveness of its maritime clusters.
Cargo coverage represents approximately half of the "true" marine insurance market, Seville says.
Marine insurance contract can be defined as, following the Marine Insurance Act 1906 (The act has been amended and revised now) a contract whereby the insurers undertake to indemnify the assured, subject to the terms and conditions of contract in manner and to the extent thereby agreed.
The insurance companies registered 1,436,365 policies in 2015, vehicle insurance constituted 85.6 percent with 1,230,077 policies, 35,188 policies for life insurance with 2.4 percent, for property 16,313 policies, with 1.1 percent, for marine insurance 13,232 policies with 0.9 percent, liability insurance 9,630 polices with 0.7 percent, engineering insurance 7,438 policies with 0.5 percent, health insurance 11,168 policies with 0.8 percent, and for other types of insurance 113,319 policies.
Alycia Napier McGlone, President and Chief Executive Officer said, "We are very fortunate to have a well-respected member of the marine insurance and maritime industries join our executive team.
"John brings his extensive marine insurance and reinsurance experience, valuable leadership and management skills and personal commitment to professional education and career development to represent the interests of U.S.
22 August 2012 - The Marine insurance operations of XL Group plc (NYSE: XL) said it is expanding its regional underwriting capabilities, adding Pete Shepeck, Brian Stockton, and Jeannine Liebig to its Chicago office, in order to grow its business with brokers and clients throughout the Midwest.
Passenger ship operators should tighten up safety procedures and crew training standards to prevent a repeat of the Costa Concordia shipwreck, potentially the costliest marine insurance loss on record, shipping insurers said on Tuesday, "In the past, we have raised and discussed a number of issues that will definitely come out of this investigation, like evacuation procedures, crew competence, stability issues, safe navigation issues," Ole Wikborg, president of the International Union of Marine Insurance, told reporters at a press conference in London.
5836/2011: by The Marine Insurance Company Limited (as transferee) and by PA(GI) Limited (see above for former names) (as transferor) for: (i) an order under section III of the Financial Services and Markets Act 2000 (the "Act") sanctioning a scheme for the transfer by PA(GI) Limited of some of its general insurance business to The Marine Insurance Company Limited and (ii) orders under section 112 of the Act making such ancillary provisions as are necessary to implement that scheme,
Summary: LONDON: London's marine insurance market has added Libya to a list of areas deemed high risk as violence escalates in Africa's third-largest oil producer, a senior market official said Friday.
Department of Transportation's Maritime Administration, authorizes the federal government to act as an insurer or reinsurer of last resort to facilitate waterborne commerce should private ocean marine insurance markets not be able to ensure that financial losses due to war risks (and piracy) will be largely covered.
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