Russell Parker Retires from Klapton Following 3 years of highly valued service, Russell has announced his retirement from Klapton Insurance Company. Having initially served as Chairman of the Maritime Sureties Committee, where he was instrumental in the development and marketing of our Maritime Residual Value Insurance products, Russell was subsequently appointed as the Chairman of […]
3rd quarter news from Klapton’s Sureties Unit
Steven Gweth and Stalla Shyalama join the sureties team, plus Contemi signed to deliver new sureties system During the 3rd quarter the Sureties Unit was pleased to complete the recruitment of 2 new team members, Steven Gweth and Stella Shyalama. Steven and Stella have significant experience in the financial industry and both have strong banking […]
Klapton targets Sureties Growth
Through its extensive experience in providing Sureties to markets across the globe, with particular involvement in Africa, Asia and the Middle East and its agile, solutions-based approach, Klapton has established a Sureties business which is already highly regarded by a wide network of brokers, cedents, insurers and reinsurers. Since actively entering the Sureties market in […]
Sureties Market Outlook
Sureties products are essential tools used to support of trade throughout the world. They are used to provide comfort in situations where one party is not comfortable with the size / market standing / operation of a potential counterparty this it is looking to establish a relationship with. While this can occur in domestic settings […]
Impact of Covid-19 on Dry Bulk Market
It will surprise nobody that year on year charter rates retrenched between 2019 (pre pandemic) and 2020 (post pandemic). What may surprise is that the level of the decline was not as severe as may have been expected in a market dependent on cargos moving freely around the globe. With restrictions on travel, economies closing […]
Case Study of Maritime Residual Value Guarantee
In June 2020, Klapton concluded the issuance of a Residual Value Guarantee Cover Note to a privately held ship owning entity. This briefing paper explains the bespoke nature of how the Cover was structured and has been drawn up as a means of assisting our partners, customers and readership in the understanding of the RVG product and its application in real asset investment proposals.
Klapton Insurance Company Ltd Issues Maritime Residual Value Policy
Klapton is pleased to announce the issuance of a new policy related to the maritime industry following the closing of a Residual Value Guarantee in favour of Sevenseas Holdings Inc. The company has been working closely with Sevenseas’ management for a number of months in crafting a bespoke policy and guarantee that protects the company’s […]
Maritime Announcement: new African maritime surety products
Building on the Maritime Sureties business line, which serves the global shipping sector, Klapton is pleased to announce that it will shortly roll out a suite of maritime surety products targeted at the company’s established African sphere of operation.
Changing Dynamics of Ship Finance
It is possible to mitigate against the risks inherent in the industry The ship finance landscape has changed fundamentally over the past decade since the turmoil in the global financial markets and the beginning of the shipping crisis. Several then-industry leading banks have exited or significantly scaled down their shipping activities amid soaring losses. Historically […]