TT Club and BSI have issued the second edition of their report on global cargo theft, the first to cover a full year. Highlighted findings include: theft from road vehicles once more accounts for the highest proportion at 84%; Slash and Grab the largest type of cargo theft at 26% globally but with significant regional variations; the combination of food, beverage, alcohol and tobacco making up the most common commodity group at 34% and South America topping the regional analysis of median value for each theft at $77,000.
Highlights: $195.0 million gross earned premiums (2017: $181.8 million) $16.5 million surplus for the year (2017: $7.3 million) Total assets of $619.3 million (2017: $597.6 million) Total surplus and reserves $209.5 million (2017: $193.1 million) 2018 financial year combined ratio of 87% (2017: 97%) A.M. Best affirms financial strength rating as A- (Excellent)
ICHCA International, the global cargo handling NGO association, has launched the 3rd TT Club Innovation in Safety Award and invites submissions from all involved in cargo handling and logistics who has shown a demonstrable improvement in operational safety
The Global Liner Shipping Conference to be held over the next two days in Hamburg provides a good opportunity for international freight transport insurer TT Club to continue with its mission to improve the poor safety conditions presently afflicting the shipping of hazardous materials
No. CR-2018-003733 IN THE HIGH COURT OF JUSTICE BUSINESS AND PROPERTY COURTS INSOLVENCY AND COMPANIES LIST (CHD) IN THE MATTER OF PART VII OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 -and- IN THE MATTER OF THE SCOTTISH BOATOWNERS’ MUTUAL INSURANCE ASSOCIATION (‘SBO’) -and- IN THE MATTER OF TT CLUB MUTUAL INSURANCE LIMITED (‘TTI’)
The recent reports of container ship fires has once more focussed those in the container supply chain on safety issues related to the incorrect processing of dangerous goods. The nascent Cargo Integrity campaign initiated by the international transport and logistics insurer, TT Club has as a consequence gained renewed impetus.
BSI Supply Chain Services and Solutions and leading international transport and logistics insurer, TT Club launch the first joint 2018 Semi-Annual Global Cargo Theft Intelligence and Advisory Report. The report brings together threat and intelligence data from BSI’s supply chain security country risk intelligence tool, SCREEN and TT Club’s insurance risk management and loss prevention insights.
The FIATA award programme, exclusively sponsored by freight insurance specialist TT Club, was completed with the 2018 Winner, Louis Perrin of Hemisphere Freight representing BIFA (UK), announced and presented with his award at the FIATA Annual Congress in New Delhi, India this week.
The International Maritime Organization’s (IMO) latest meeting of the Sub-Committee on Carriage of Cargoes and Containers (CCC) takes place in London this week and the international freight insurance specialist, TT Club is calling for more urgent action on issues pertaining to the safety of container transport.
Joint TT Club & McKinsey report concludes that the future is digital.
In the year that leading international freight insurer TT Club celebrates its 50th anniversary, FIATA’s Young International Freight Forwarder of the Year Award (YIFFYA) also passes a significant milestone. The 2018 competition witnesses the 20th year of support and collaboration between TT Club and FIATA. Sponsorship of FIATA’s YIFFYA continues to be a priority for TT Club.
TT Club and its partner in Russia, the CIS countries and Baltics, Panditrans celebrate both TT Club’s 50th anniversary and their twenty-five year partnership in providing a unique insurance and risk management service to the freight industry. TT Club insureds, both within the territory and those trading with the region, have enjoyed tailored extensive cover and accurate trusted advice on the special characteristics of this particular transport environment.
A comprehensive report into the global container transport industry authored by TT Club and McKinsey.
TT Club, the leading international transport and logistics insurance provider, today announces its financial results for the year ended 31 December 2017, and A.M. Best affirms its A- (Excellent) rating.
Speaking at the 6th Med Ports Conference in Livorno (Italy) last month, TT Club’s Andrew Huxley highlighted that cyber activity is a daily operational risk which needs to be addressed urgently.
Exis Technologies, with the support of leading shipping and freight insurers, TT Club and UK P&I Club, is announcing its next phase of implementation of its Hazcheck Restrictions Portal at the transport industry’s Multimodal 2018 event at Birmingham’s NEC today
ICHCA International has today published a digest of entries to the 2nd TT Club Innovation in Safety Award, comprising no fewer than twenty-two effective improvements to supply chain practices
Dan Negron, Senior Underwriter at TT Club, reflects on the impact natural disasters have had on the insurance industry in 2017
The foremost port and cargo handler insurer, TT Club has spoken of the risk factors most commonly facing port authorities and terminal operators, offering focused advice on how these entities can most easily minimise risk of damage to both cargo and equipment, bodily injuries and reputational impairment.
Safety aspects of the way in which cargo is packed and transported in unit loads across the global supply chain continue to be the focus of opportunities for improvement. During a session of the Intermodal Europe Conference in Amsterdam today, four industry organisations representing different sectors of the supply chain have been drawing attention, in particular, to the responsibilities of container owners and operators in providing equipment that is fit for purpose and properly packed with cargo as set out in the CTU Code.