P&I club The West has announced that Sumit Madhu will join the Club’s London Underwriting Team as a Senior Underwriter on Tuesday 14th April. Sumit is a Master Mariner, having served as a Captain on LNG vessels with a major Japanese shipowner. After his time at sea he joined the claims department of another International
A marine insurance company has reported an operating result of US24.6m supported by strong investment income in 2019. The Swedish Club said investment alone generated a return just short of 10%. Free reserves stood at US228m at the end of the accounting year. Lars Rhodin, managing director of The Swedish Club, said: “We are committed
The impact of coronavirus on marine insurance isn’t clear cut and a key issue is the extent to which policies respond where there is no physical damage, an insurance professional has stressed. Matthew Pearson, associate at Clyde & Co., said that marine policies are typically triggered by physical damage, but noted with soft market conditions