HKSOA AND HOWDEN JOINT BREAKFAST SEMINAR - Marine Risk and Insurance Update
The Hong Kong Shipowners Association and Howden Specialty are pleased to invite you to a marine risk and insurance update over breakfast on Tuesday 12th November 2024 to be held at the Blue Room in Soho House in Hong Kong.
The event will be opened by the HKSOA, setting the scene for the morning and identifying some of the recent work done by the HKSOA in supporting their membership’s activities.
We will subsequently review certain key exclusions from P&I insurance cover, and the need for SOL insurance as an extension to mutual P&I cover in an increasingly volatile operational environment. We will aim to answer the questions (i) what are the uninsured exposures for shipowners without SOL cover, and (ii) to what extent does SOL insurance cover those exposures.
We will then provide an overview of the Hull & Machinery insurance market, setting out the results from key reporting markets of Lloyd’s of London, CEFOR and IUMI, and drawing on claims and premium trends to identify market direction. We will aim to provide an answer for H&M insurance buyers on what to expect for their 2025 H&M renewals.
Finally, we will offer a P&I insurance market update, reviewing P&I Clubs’ results in the lead up to the February 2025 renewal and General Increase announcements. With this data and analysis, shipowners should hopefully be in a better position to negotiate with their P&I Clubs for the coming 2025 renewal period. We will round off the discussion with a Q&A session and some time for further networking.
TOPICS
WELCOME AND OPENING REMARKS
Capt. Nittin Handa – Director (Regulatory Affairs)
The Hong Kong Shipowners Association
Expected duration: 5 minutes
P&I COVER EXCLUSIONS AND “SOL” COVER EXTENSIONS
Mr. Bozidar Ljubisavljevic – Regional Marine Chief Client Officer – Middle East, Africa & Asia Howden Insurance Brokers
Expected duration: 15 minutes
H&M INSURANCE MARKET UPDATE
Mr. Ben Simpson – Associate Director – Marine, Cargo & Logistics Howden Insurance Brokers
Expected duration: 20 minutes
PREPARING FOR 2025 P&I RENEWALS
Mr. Bozidar Ljubisavljevic – Regional Marine Chief Client Officer – Middle East, Africa & Asia Howden Insurance Brokers
Expected duration: 20 minutes
WHEN
Tuesday, 12th November 2024
WHERE
Blue Room – Soho house, 33 Des Voeux Rd W, Sheung Wan, Hong Kong
SCHEDULE
08:30 Welcome/Breakfast 09:30 Start (prompt) 10:30 Networking 10:45 Close