Everest’s Post

💡 Learning from mistakes: Frans du Plessis' valuable sesson In the dynamic world of insurance brokerage, has encountered his fair share of challenges and setbacks. Yet, it's not the obstacles themselves, but the lessons learned from them, that have shaped his journey to success. 🚀 Frans candidly shares a pivotal lesson he'll never forget: the importance of partnering with the right people and avoiding misplaced trust. While navigating the complexities of the industry, Frans experienced first hand the repercussions of trusting the wrong individuals. Armed with wisdom gained from past experiences, Frans emphasises the significance of choosing trustworthy associates and collaborators who share his values and vision. By surrounding himself with the right people, Frans ensures that Grace Insurance continues to thrive and uphold its reputation for excellence. 🤝 #Insurance #GraceInsurance #BrokerProfile #InsuranceBroker

Learn why the captive insurance industry in the #CaymanIslands is going from strength to strength in this insightful Q&A with Suzanne Sadlier, Managing Director - Artex Cayman Islands and Captive International's 𝟮𝟬𝟮𝟯 𝗖𝗮𝘆𝗺𝗮𝗻 𝗖𝗮𝗽𝘁𝗶𝘃𝗲 𝗠𝗮𝗻𝗮𝗴𝗲𝗿 𝗼𝗳 𝘁𝗵𝗲 𝗬𝗲𝗮𝗿. The Q&A, titled 𝗖𝗮𝘆𝗺𝗮𝗻 𝗳𝗹𝗼𝘂𝗿𝗶𝘀𝗵𝗲𝘀 𝗮𝘀 𝗰𝗮𝗽𝘁𝗶𝘃𝗲𝘀 𝗯𝗼𝗼𝗺, is featured in the recent Captive International Cayman Focus 2024 edition. It explores Sadlier's perspectives on current market trends, growth, changes and challenges in the Cayman captive sector, as well as her advice for the next generation of insurance industry talent. ✅ Read the full Q&A at the link below: https://bit.ly/3Ryp2HI #CaptiveIndustry #AwardWinner #InsuranceInsights

In January, alongside Brit Insurance, we announced the launch of a new market-leading Project Cargo consortium ‘BUILD’. The consortium, one of the largest in the cargo market globally, is now open to business and offers guaranteed capacity of up to USD $285 million for Project Cargo risks worldwide. 🚢 Find out more as Calvin Gray, our Marine Director, talks to Jon Guy at Emerging Risks Media about ‘BUILD’, explaining in more detail the reasons behind its creation:  💬 #Insurance #InsuranceIndustry #MarineInsurance

📢 Welcome to Lockton Marine’s Market Reports, a bi-annual review of the latest developments in the marine insurance market from around the world. “Not only does it have an involvement in more than half the world’s vessels above 20.000 tonnes, but Nordic marine underwriters are putting three very profitable years behind them.” Hear Anders L. Johannessen discuss the strength of the Nordic marine insurance market plus other markets and segments from our experts: https://lnkd.in/eFKX8uBr #LocktonMarineMarketReports #LocktonMarine #LocktonPLF #LocktonEdge #LocktonOmni 

In-Depth Industry Expertise: Marasco Marine Ltd has amassed a wealth of knowledge and experience in the marine insurance sector over the past 32 years. Our team is well-versed in identifying risks, tailoring coverage to your specific needs, and optimizing cost-effective solutions. #MARINE_INSURANCE #SHIPPING #RISK_MANAGEMENT #RISK_PREVENTION #MARITIME #RISK_ANALYSIS #LOSS_OF_HIRE #LOSS_OF_EARNINGS #protectyourbusiness #ASSETMANAGEMENT

Ever felt ‘all at sea’ ; ‘thrown in the deep end’ ; or totally ‘out of your depth’? If not, I challenge you to spend an hour or two delving into the topics of #MarineInsurance & #InsurableInterest. (You get extra points if the topic is viewed through an #InsuranceLaw lens).   “There is nothing more challenging for an #Insurance and #Investment focused ‘hack’ than being locked in a virtual environment with dozens of non-life insurance experts, and being tasked with writing up the ensuing discussion on insurable interest,” I write, in my latest contribution to FAnews Magazine-Online.   The article was informed by an hour-long Norton Rose Fulbright South Africa virtual coffee session presented by Andrew P M Robinson and Malcolm Hartwell and titled ‘Insurable interest and its effect on #SupplyChain insurance.’   Although I fully intended doing a ‘deep dive’ into the topic, the discussion was so technical (for a layperson) that I was left skimming the surface, sharing definitions and quoting from the case law.   According to Robinson, the heart of the matter rests on determining whether the insurable interest is “one in the good or an interest in the liability in respect of the carriage of those goods”. He then set out to define #CarriersLiability and #GoodsInTransit (#GIT) insurance.   Robinson also warned of “draconian trading standards” contained in contracts with carriers that may render certain insurance covers moot; definitely something for #InsuranceBrokers and #RiskManagers to pay attention to.   Hartwell also issued a warning, telling the marine and #CargoInsurance professionals in attendance to make sure that any contractual agreements affecting the GIT ‘chain’ matched #InsurancePolicy wordings.   “We have seen examples where the documents simply do not match, though the parties think they do, so you really do need to carry out that audit,” he said.   If #GeneralInsurance,  #NonLifeInsurance or #Shipping is your thing, read on: https://lnkd.in/gpGZVyKK   #contentspecialist #contentstrategy #freelancewriter #thoughtleader

If you enjoy complex & technical #GeneralInsurance discussions, then this piece on #InsurableInterest in the #CargoInsurance and #MarineInsurance context will be just your thing... Includes insights into #CarriersLiabilty and #GIT (#GoodsInTransit) Insurance.

In a session not to be missed, we're diving into the success stories of The MPLC Ltd, Specialist Risk Group, and Advantage in Gibraltar. Moderated by Kathryn Morgan, the panel features insights from John Young of The MPLC Ltd, Warren Downey of Specialist Risk Group, and Steve Mumford of Advantage Insurance Company Limited, Gibraltar. They're sharing their unique journeys and strategies that have shaped their success in Gibraltar's vibrant insurance landscape. #InsurConnectGibraltar #BusinessSuccess #InsuranceLeaders

Following my recent post, while with Sophie McDermott ACII IRMCert I had the incredible opportunity to visit Lloyd’s of London. Lloyd’s of London is not just an insurance market but a historic institution, renowned for its long-standing role in the insurance industry. During our visit, we were fortunate enough to get a tour and witness some of the historical artifacts that symbolise its legacy, such as the Lutine Bell and the Loss Book. The Lutine Bell, traditionally rung for significant shipping news, and the Loss Book, recording maritime losses, both highlight Lloyd’s deep connection with maritime insurance. The tour provided an in-depth understanding of how Lloyd’s operates as a marketplace where insurance underwriters and brokers come together to insure a wide variety of risks. This visit was to show the importance of insurance in mitigating risks and ensuring business continuity. We learned how Lloyd’s facilitates complex and large-scale insurance transactions, which is crucial for companies like National Grid that require robust risk management strategies to protect their assets and operations and even employees. Visiting Lloyd’s of London highlighted the pivotal role insurance plays in the stability and resilience of businesses. This visit gained broadened my understanding of risk management and its critical importance in safeguarding the interests of large corporations. I am grateful for this opportunity to learn from industry experts and witness the historical significance of Lloyd’s of London. This experience has deepened my appreciation for the workings of the insurance industry and its vital role in supporting the global economy. #Insurance #RiskManagement #LloydsOfLondon #NationalGrid #WorkExperience

🌉Bridging the Gap: The Financial Ripple Effect of Baltimore’s Maritime Mishap #BridgeCollapse #InsuranceImpact On March 26th, a shocking event unfolded: the Francis Scott Key Bridge near Baltimore collapsed after a container ship named Dali hit it. This incident might become the largest insured maritime loss ever, exceeding the $1.5 billion Costa Concordia disaster. 🚢 #MaritimeSafety #RiskManagement The Dali, owned by Grace Ocean Pte. Ltd., reportedly lost power and crashed into the bridge. The Britannia P&I Club, among others, insures this ship. We’re now looking at a complicated situation involving property, cargo, and business disruption insurance. 💰 #FinancialConsequences #ReinsuranceTrends Reinsurers are expected to cover most of the costs. With billions at stake, this event stresses the marine insurance market. Companies like AM Best and Moody’s highlight the wide impact, spread across many insurers and reinsurers. 🤔 #YourThoughts How does an event like this reshape our understanding of maritime risks and insurance? Could this lead to changes in how we insure and manage large structures and ships? Share your insights! #MarineInsurance #RiskAssessment #GlobalTradeImpact 🌐🔍 https://lnkd.in/eV_SXDUk