Container Crunch

Publications, Russell Parker

As the world emerges from the Covid crisis and businesses large and small ramp up their operations, bottlenecks are starting to appear as demand for imported raw materials and goods far outstrips availability and supply. The construction sector is a case in point where the supply chain has all but broken down in some instances […]

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Sureties Market Outlook

Douglas Newton, Publications

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 […]

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Impact of Covid-19 on Dry Bulk Market

Douglas Newton, Publications

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 […]

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Policy wordings with respect to COVID-19

Danny Joffe, Publications

Policy wordings with respect to COVID-19 When COVID-19 arrived on South Africa’s shores, in March 2020, it impacted the entire South African economy and was completely unforeseen by Government and the Private Sector, and the financial services industry was no different. As the potential impact of COVID-19 became clearer, the Government had no choice but […]

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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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