Welcome to our news section
Here you will find news regarding our company and insurance issues
Watch our Video update on the state of the Megayacht H&M market
Posted by Richard Adler
Read More Posted in Publicaciones UK Club
Barrington Buchan joins Atlantic as Non-Executive Director
Posted by atlantic brokers
We are delighted to announce that Mr. Barrington Buchan Esq. has joined ATLANTIC Insurance & Reinsurance Brokers as Non-Executive Director. Mr. Buchan was one of the founders and owners of Newman, Martin and Buchan (NMB), a highly successful London headquartered insurance brokerage with 180 employees. NMB was sold in 2013 to an CGCS. Mr.…
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Contango Markets and the Perils of chartering Tankers as Floating Storage
Posted by Javier Soriano
The global consumption of oil products has plummeted as a result of the outbreak of the COVID-19 and the consequential slump in the energy demand -particularly speaking of aviation, marine and automotive fuels- has caused an overall reduction of a 30% (i.e., about 30 MMbbl / day) in the demand of crude…
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The Megayacht market: Increased scrutiny from H&M Underwriters when it comes to maintenance and yard works performed by subcontractors
Posted by Marta Millán
The Megayacht market: Increased scrutiny from H&M Underwriters when it comes to maintenance and yard works performed by subcontractors It is common practice to find a clause in Hull & Machinery policies that states that coverage will remain in full force during routine maintenance and the annual refit. Notwithstanding the foregoing it is…
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Covid-19 (Coronavirus) and the P&I Clubs
Posted by Richard Adler
What impact has the Coronavirus had on the P&I Clubs so far? The obvious impact on the Clubs has been a financial one. Given the recent stock market crash, all Clubs have suffered sizeable investment losses. Whilst many of the Clubs have extremely robust free reserves, they also have a lot to lose!…
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