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13 Sep 2017

You are Global Trade

Have you ever asked yourself if the marine industry plays a positive role in society? Or if doing your job makes a difference? Do you make a positive contribution? Are...
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24 Aug 2017

Cyber Seminar in Copenhagen on 11 September

Edge will discuss cyber insurance solutions at a seminar arranged by Danish law firm Bech-Bruun. The seminar will take place on the 11th September at 15.00-17. 30, at...
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09 Aug 2017

Guidelines on Cyber Security onboard Ships published

BIMCO, CLIA, ICS, INTERCARGO and INTERTANKO have published their joint Guidelines on Cyber Security onboard Ships, which offer guidance to shipowners and operators on how...
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02 May 2017

US official says resurgence of Somalian piracy partially down to famine

US Marine General Thomas Waldhauser has said that famine could be a major cause of the re-emergence of piracy off the Somalian coast around the Horn of Africa. Defence...
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02 May 2017

Global growth rate in marine pushed by emerging economies

The global marine insurance market is expected to grow at a compound annual growth rate of 2.57% between 2017 and 2021, according to the “Global Marine Insurance...
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31 Mar 2017

Michael Weber appointed Head of Broking of new Danish office

We are very pleased to announce that Michael Weber has joined Edge as Head of Broking at Edge Denmark Aps.   Michael (44) has considerable industry experience where...
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31 Mar 2017

Lloyd’s opens subsidiary in Brussels in response to BREXIT – posts profit of EUR (!) 2.5 bm

Lloyd’s have today issued the following notification: QUOTE The Lloyd’s market made a pre-tax profit of €2.5bn, recorded a 97.9% combined ratio and a return on...
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22 Mar 2017

Trade Disruption exposure as NOC warns of possible force majeure declaration at two Libyan oil terminals

Libya’s National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, two of Libya’s...
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10 Feb 2017

Edge Germany move to new offices

Edge Germany have moved to the centre of Hamburg. Our new address is: Amelungstraße 8-10, 20354 Hamburg, Germany   We look forward to welcoming you there!
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20 Jan 2017

WR Berkley to terminate Marine operations at Lloyds

Market sources suggest that WR Berkeley have decided to close down the Marine operations at their Lloyd’s syndicate with immediate effect. They will not be accepting any...
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03 Jan 2017

Stein Otto Hernes retires

Stein Otto Hernes has retired from his position as Executive Director and Senior Broker at Edge Norway. Stein Otto, who has also for many years been a shareholder in the...
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30 Dec 2016

Harald Grepne joins Edge

We are very pleased to announce that Edge  in 2017 will have one of the Norwegian insurance market’s most knowledgeable claims experts on its team. Harald Grepne will be...
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11 Nov 2016

Piracy events fall 25% to 1996 levels

IMD has released their Q3 report, which shows a significant decrease in piracy activity. There has only been 1 incident this far in 2016 in the Gulf of Aden/Somalia, and...
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11 Nov 2016

Ferries And Cargo Ships Will Soon Be Autonomous Too

Imagine a huge freighter with not a living soul on board. These ghost ships are coming to an ocean near you. A few years ago the idea of a self-driving car seemed like...
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21 Oct 2016

Britannia announce no General Increase for 2017

Britannia have followed Shipowners in announcing no general increase for 2017/2018. As announced in their press release: QUOTE Britannia waives a further USD11.5 million...
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21 Oct 2016

Marine insurers warned to factor in ‘catastrophic’ losses as price war continues

In an interview with IHS Fairplay, John C. Wilkinson, yesterday gave a stark warning of the consequences of the ongoing price war in the marine markets. Wilkinson has...
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04 Oct 2016

Shipowners announce no General Increase for 2017

As announced by Shipowners: For the third consecutive year, the Board has decided that no general increase will be applied to premiums for the 2017 policy year. The Club...
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23 Sep 2016

Cyber security threat worries marine insurers

IHS Fairplay has written below article on their recent Maritime Cyber-security Survey. In the words of one Lloyd’s underwriter the marine market is “in a mess” over the...
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21 Sep 2016

Global Marine Premiums dropped USD 3.5 billion in 2015

IUMI – the International Union of Marine Insurance – has issued a press release announcing that global marine underwriting premiums were down by 10.5% in 2015 and...
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25 Aug 2016

New CEO for Alandia Insurance

Tony Karlström, group head of asset management at Ålandsbanken Abp, has been appointed as the new CEO of Försäkringsaktiebolaget Alandia and Försäkringsaktiebolaget...
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13 Aug 2016

Marine insurers urged to work with clients to mitigate cyber risk

The maritime industry has fallen behind when it comes to dealing with the cyber threat, the president of the International Union of Marine Insurance (IUMI), has told IHS...
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30 Jun 2016

New UK Insurance Act to change marine underwriting and claims handling process

The new UK Insurance Act comes into force on 17 August 2016. Marine insurers have been told the implementation of the new UK Insurance Act will require a change in their...
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27 Jun 2016

S&P revises Alandia Group to Positive

On 20 June S&P issued following report: Aland-Based Insurance Group Alandia Outlook Revised To Positive On Likely Lower Investment Risk; Affirmed At...
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20 Jun 2016

UK Club and Britannia formally terminate their merger discussions

Since the announcement in February 2016, the Boards of the UKP&I and Britannia Clubs have held discussions regarding a potential merger of the two Clubs. While a...
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17 Jun 2016

Ole Wikborg to head up the Norwegian Hull Club’s new London office

In announcement made yesterday by NHC’s CEO Hans Christian Seim it was advised Ole Wikborg had been appointed head of the Norwegian Hull Club’s new London...
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14 Jun 2016

Alexander Graham signs up with Edge Norway (Oslo)

We are pleased to announce that Alexander Graham will be joining our Oslo office as from 15th August 2016. Alexander is 31 years old and lives in Oslo. He has a Master of...
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23 May 2016

Leviathan Facility acquired by Beazley

On 13 May Beazley announced it is acquiring subsea specialist The Leviathan Facility: “Beazley will acquire the majority of their existing book and renewal rights...
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22 May 2016

Hans Christian Seim is appointed new CEO of the Norwegian Hull Club

The Board of Norwegian Hull Club (NHC) on Friday announced former COO Hans Christian Seim as the new Chief Executive Officer of Norwegian Hull Club with immediate effect....
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22 May 2016

Skuld to acquire SMA/Gerling Norway

Skuld on Friday 20 May announced it has signed a letter of intent to purchase SMA/Gerling Norway. In a press release Skuld says; “The acquisition would give Skuld...
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09 May 2016

West African piracy continues to be a concern

Despite strides made in reporting incidents, spreading better intelligence, increasing military presence and even placing armed guards on vessels—all of which have...
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29 Apr 2016

NHC’s CEO Faz Peermohamad steps down

The NHC has today posted the following: “Mr. Peermohamed has informed that a change to his personal circumstances means he is no longer able to relocate his family to...
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28 Mar 2016

Hackers work with pirates to target high value containers

New York based Verizon, one of the world’s largest communication technology companies in the world, reports on a series of pirate attacks targeting high-value...
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20 Mar 2016

International Group announces completion of a EUR 70 million aggregate fall back cover on Iran voyages

All members of the International Group on Friday circulated below message relating to their joint purchase of an Iran fallback cover. The Group has been working since 16...
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03 Mar 2016

DNK confirms Iran cover and issues useful guidance

Cover provided subject to a requirement for members to perform a due diligence/screening process Please bear in mind that Iran is a conditional trading area, and all...
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01 Mar 2016

US and Nigerian led international operation frees hostages off Sao Tome

As reported on this page yesterday Nigerian authorities have reported the arrest of six suspected pirates and recovered the product tanker MAXIMUS in a firefight that...
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29 Feb 2016

Nigerian Pirates shifting their focus on kidnapping of crew and extends range

MAREX earlier this week published the following article: “On Monday, Nigerian authorities reported the arrest of six suspected pirates and gave new details on the...
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29 Feb 2016

Two Bourbon seafarers kidnapped off Nigeria

Offshore vessel owner Bourbon Offshore has confirmed the abduction of two of its crew members from their vessel off Nigeria. The company says its vessel Bourbon Liberty...
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25 Feb 2016

Britannia and UK Club to merge

Britannia and UK Club advises that a merger process has been commenced between the two clubs, which would in GRT terms would be of the same size as Gard. The merged club...
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04 Feb 2016

The Iran Quagmire

As the first crude carriers are being fixed to take Iranian oil, the insurance industry is in a quagmire over the eased sanction regime. In particular it is the inability...
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