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Underwriters are now charging between 0.75% and 1% of the value of the ship to sail through the region.
While deal volume dropped year-on-year, MarshBerry still expects 2023 to see the third-highest transaction volume on record.
The company offered insurance and took on risk, violating rules governing non-resident entities, a spokesperson International Registries, Inc said.
The latest insurance industry personnel news from National Safety Council, Ardonagh Specialty, Acuity and more.
The latest insurance industry personnel news from Satellite Agency Network Group, Marsh, NFP and more.
The latest insurance industry personnel news from NFP, Ryan Specialty Holdings, FM Global and more.
Insurance industry news from At-Bay, HUB International, Sprout.ai and more.
The latest insurance industry personnel news from Allianz Commercial, Pro Global, CRC Group and more.
Workers' comp is the most highly regulated insurance industry, which can hamper change. Can technology buck that trend?
The latest insurance industry personnel news from HUB International, Marsh Specialty, CRC Group and more.
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