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 […]
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 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 […]
Klapton is pleased to announce that it has entered into an agreement with Marsoft Inc. (www.marsoft.com) to utilise their state-of-the-art FLAGSHIP Risk Management Application. Marsoft is the world’s largest independent advisory group focusing solely on the maritime industry. Marsoft’s FLAGSHIP is the leading shipping portfolio and risk management application widely used by leading banks, leasing […]
What are the current issues facing the industry? The international shipping industry accounts for the carriage of 90% of world trade. The c.50,000 merchant ships in operation registered in over 150 countries provide the vital transportation network that fuels the global economy. So why is such an economically essential industry viewed as such a risky […]