Whatever the fault that lies behind the collateral issues at Vesttoo, the saga highlights the risk of over-extending the insurance value chain and the under-appreciated importance of carefully managing counterparty credit risk…
Legal cases launched in the UK by aircraft leasing firms against insurers over the loss of hundreds of planes stuck in Russia since its invasion of Ukraine now total almost $5.5bn, analysis by The Insurer shows…
MARINE CYBER RISK: Tigermar arranged a first of its kind bespoke Vessel and Enterprise Cyber cover with a Lloyd’s Syndicate. The programme was designed to complement existing cyber coverages with built in ‘stepping stones’ towards an enhanced enterprise cover.
CLAIMS ADVOCACY: Tigermar were appointed to take over an insurance claim that a global broking firm had failed to resolve. This was a complicated matter involving the collision of a third party’s Superyacht with our Client’s own Superyacht, the subsequent hull and paint coating repairs,
COMPLEX CLAIM: Tigermar placed cargo insurance for our client who was contracted to transport two bulk cargo shore cranes from Singapore to Malaysia. After an extraordinary series of incidents, that included Piracy, Heavy Weather, Distress Calls, Emergency Procedures, Salvage, and Wreck Removal, a highly complex