Specialist liability insurer for the international transport and logistics industry, TT Club has announced another good performance for the year ended 31 December 2012, with further increased gross written premiums, and the Club now maintaining its A- (Excellent) rating for the past eight years.
Marcus John, Managing Director of TT Club’s Sydney office, examines the risks facing the cargo handling industry and urges managers of port and terminal facilities to build effective, long-term contingency plans and risk management strategies.
Andrew Kemp, EMEA Regional Director of freight transport insurer TT Club looks at the business development opportunities for brokers afforded by the Middles East and its increasingly important role as a global freight transport hub. This article will be published in the May issue of Middle East Insurance Review (MEIR)
Read Andrew Kemp's (TT Club EMEA Regional Director) response to Lloyds Loading list article on ‘HMRC gets tough on warehouses and hauliers’ (12th March)
Leading insurance specialist in the global freight industry, TT Club reports that innovation in the logistics sector is on the rise. The insurer, which provides cargo, property and liability cover to freight forwarders and...
TT Club, collaboratively with PEMA and ICHCA International, have published recommended safety standards for container yard equipment. The three bodies have identified additional safety devices that can be implemented on yard equipment, along with other operational changes in order to reduce injuries and fatalities as well as cargo, property and equipment damage.
The Award, sponsored by TT Club, the leading provider of international freight transport insurance, has been won this year by Daniel Terbille of South Africa.
Following frustrating delays at an IMO session last week, TT Club is urging all parties to redouble efforts to formulate an acceptable global regulation on container weight verification. The insurer urges all those involved in container operations to prepare already for regulatory change.
Freight transport insurance specialist TT Club was pleased to collaborate with the Japan International Freight Forwarders Association (JIFFA) in the revision of its Forwarder’s Cargo Receipt (FCR) form, marrying the Club’s expertise with practical freight forwarding experience.
US rating agency, A. M. Best has re-affirmed TT Club’s financial strength rating as A- (Excellent). The specialist insurer of the international freight and logistics sector has also had its issuer credit rating maintained at ‘a -’ by the agency. A. M. Best pronounced the outlook for both ratings as ‘stable’. This is the seventh successive year that TT has maintained its ratings at these levels.
London 16th April 2012: In 2011 the TT Club experienced an environment of costly natural disasters and unrelenting competitive pressures. However the specialist liability insurer of the freight transport and logistics sector reports its maintenance of a stable financial platform, increased gross premiums and a very strong capital position for the year end 31st December 2011.
New publication from TT Club, in association with ICHCA International and the Port Equipment Manufacturers Association (PEMA) draws together years of experience to help port businesses strengthen their asset management and enhance safety through improved maintenance.
Speaking at the freight industry forum, TOC Container Supply Chain Asia in Hong Kong today, TT Club’s Director of Global Risk Assessment, Laurence Jones highlighted the key factors that cause disruption throughout the global supply chain and spoke of opportunities for operators to save costs by tightening procedures to minimise accidents, breakdowns, delays and other risks.
The Container Owners Association (COA) and the TT Club bring together practitioners and experts to debate ways to resolve the exploding reefer machinery issue following the introduction of counterfeit gas into the supply chain.
FIATA Conference sees Dublin-based Silvia Valles Barrera of Hawthorn Logistics pick-up the award, sponsored by TT Club for the thirteenth consecutive year.
Four regional finalists representing the future of the freight forwarding industry are preparing to travel to Cairo, Egypt for the FIATA World Congress – 16 - 21 October 2011. The four, from the United Arab Emirates, Mexico, Hong Kong and Ireland , will each be hoping for selection as the overall Young International Freight Forwarder of the Year 2011 and a prize that includes hands-on training experience at one of TT Club’s regional centres in London, Hong Kong or New Jersey.
TT Club, the leading mutual insurer in the international freight and logistics arena has had its financial strength rating of A- (Excellent) re-affirmed once again by the US rating agency, A. M. Best. TT’s issuer credit rating was also maintained at ‘a -’ by the agency, which at the same time determined that the outlook for both ratings remains ‘stable’.
Three industry bodies have produced joint research and published safety specifications for container quay cranes. Experts, working from TT Club insurance claims records and with combined operational experience, recommend minimum standard safety features to promote safety.
June 7, 2011 – In a joint initiative to improve safety at the world’s ports, the Port Equipment Manufacturers Association (PEMA), the TT Club and ICHCA International are to announce recommendations for minimum requirements for the operation of quay container cranes. Details of the recommendations will be provided at a workshop at TOC Europe 2011 on Thursday June 9.
Four regional finalists representing the future of the freight forwarding industry are preparing to travel to Bangkok, Thailand for the FIATA World Congress - 4th-8th October 2010. The four, from South Africa, Canada, Singapore and Germany, will each be hoping for selection as the overall Young International Freight Forwarder of the Year 2010 and a prize that includes hands-on training experience at one of TT Club’s regional centres in London, Hong Kong or New Jersey.