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Whilst in general, major losses remain stable, the continued erosion of the global premium base means that attritional losses are becoming much more significant. The increased risk of large, more complex and costly claims has the potential to impact all marine underwriting sectors in 2019.
4th April 2019
The Republic of the Marshall Islands Registry Achieves QUALSHIP 21 Status for Unprecedented 15th Consecutive Year
Client news
The Republic of the Marshall Islands (RMI) has been recognized on the United States Coast Guard’s (USCG’s) QUALSHIP 21 roster for 2019-2020. The USCG program rewards vessels for commitment to safety and quality when calling at ports in the United States (US).
“Every day all around the world, maritime search and rescue (SAR) volunteers and professionals do everything they can to help those in distress at sea. It’s a tradition as old as anyone can remember and enshrined in international and maritime law – but we shouldn’t take it for granted” says Theresa Crossley, CEO International Maritime Rescue Federation (IMRF).
26th March 2019
10th Maritime Employee Survey reveal decreasing confidence in shipping industry job security
Client news
Over half of shore-based maritime employees are actively looking to change jobs and nearly two thirds are worried about job security. Today (Tuesday 26 March) international maritime industry recruiter Halcyon Recruitment, in collaboration with training provider Coracle, published its 10th annual Maritime Employee Survey. 2,800 respondents took part and the results show that 62% (compared with 56% last year) of shore-based shipping industry employees are concerned over job security, particularly those employed in vessel operations. Job security was ranked as the most important aspect (57% of respondents) when considering a career move, followed by the reputation of the employer. 54% of respondents are actively looking to change jobs, a dramatic increase compared to last year’s findings of 28%.