A word from the Maritime Surety Committee Chairman

Publications, Russell Parker

The marketing of Klapton’s Maritime Sureties offerings continued apace during 2020, targeting the international maritime sector and Klapton’s established African business regions. Our maritime specialists worked closely with Klapton Reinsurance Brokers Limited colleagues in Nairobi (“KRB”) to raise awareness in the East Africa nations during the past year and will do likewise with the new […]

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Update on the FCA Judgment on Business Interruption lockdown claims

Danny Joffe, Publications

The highly publicised legal dispute between British insured and the Financial Conduct Authority concerning whether insurers will be forced to indemnify policyholders for business interruption losses suffered as a result of the various government-imposed lockdowns has now finally been settled by the UK Supreme Court. They upheld the original judgment of the UK high court […]

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Claims and Market Summary for Africa and Asia

Ed Gooda, Publications

We have prepared a report detailing recent events in Africa and Asia which may be of interest.

Heavy rainfall led to extensive damage and humanitarian impacts across Somalia during the second half of June through July. Four people were killed. Among the hardest-hit areas came in the Shabelle River basin as nearly 200,000…

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Case Study of Maritime Residual Value Guarantee

Douglas Newton, Publications, Russell Parker

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.

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Business Interruption claims as a result of Covid 19 lockdowns in South Africa

Danny Joffe, Publications

Major court decisions underway in South Africa, Australia, and the United Kingdom Business Interruption is a section in a commercial policy (either standard commercial, assets, hospitality, or agriculture policies) that covers loss of profits or increased cost of working for a company as a result of an interruption caused to their business. Normally the interruption […]

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