The International Union of Marine Insurance (IUMI) has elected Sean M. Dalton as its new President. The election took place recently at a meeting of the IUMI Council in Rotterdam, during the association’s annual conference. Dalton was the sole nominee and will formally take up the presidency at the close of this year’s conference. He will...

The global ocean hull insurance market is continuing to soften despite apparent growth in the overall premium base, according to Ilias  P.Tsakiris, Chair of the Ocean Hull Committee, who was speaking at the International Union of Marine Insurance (IUMI). Hull insurance covers the cost of repairs or the replacement cost of a ship. According to...