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Marine insurance traditionally formed the majority of business underwritten at Lloyd's. Nowadays, Marine insurance is often grouped with Aviation and Transit (cargo) risks, and in this form is known by the acronym 'MAT'. It is common for marine insurance agencies to compete with the offerings provided by local insurers.
Protection and indemnity insurance, more commonly known as P&I insurance, is a form of mutual maritime insurance provided by a P&I club. [1] Whereas a marine insurance company provides "hull and machinery" cover for shipowners, and cargo cover for cargo owners, a P&I club provides cover for open-ended risks that traditional insurers are reluctant to insure.
Shipping insurance is a service which may reimburse senders whose parcels are lost, stolen, and/or damaged in transit. In Canada and the US , shipping insurance is offered by postal services, courier companies, and shipping-insurance companies.
Barratry is defined in the Marine Insurance Act 1906 as "every wrongful act wilfully committed by the master or crew to the prejudice of the owner, or, as the case may be, the charterer" [2] and thus usually considered a crime against the ship's owner. Therefore, if the owner himself chooses to wreck the ship, no crime is committed, as the ...
Central Asia Insurance is known as "Asuransi Central Asia" or "ACA Asuransi", and is one of the five most important Indonesian insurance company, [1] with 76 branch office and representative offices around Indonesia. The ACA company was established in 1956 with the name "Oriental NV" .On 5 August 1958 it was renamed "PT. Asuransi Central Asia".
PT Asuransi Jasa Indonesia or known as Asuransi Jasindo is an Indonesian company engaged in service insurance. In 2020, the company officially became a member of the state-owned insurance holding company, after the majority of its shares held by the government were handed over to Bahana Pembinaan Usaha Indonesia.
Pages in category "Insurance companies of Indonesia" The following 5 pages are in this category, out of 5 total. This list may not reflect recent changes. A.
Although Gard's P&I business started in 1907, its marine insurance activities can be traced back to as far as 1867 with the establishment of Æolus, [2] which later became part of the Storebrand group. Over time, the importance of Arendal as a major Norwegian shipping-hub waned. The Second World War also took a heavy toll on owners insured with ...