TT Club, the leading transport insurance provider, has revealed the latest estimate of its claims exposure from hurricanes Katrina, Rita and Wilma and announced its underwriting stance for next year's policy renewals.
The annual Asia Logistics Awards took place in Shanghai last week, with the leading transport insurance provider TT Club once again playing a central role.
Ms Alicia Chin from Canada has been judged the 2005 winner of the Young International Freight Forwarder of the Year at this year's FIATA World Congress in Moscow. The prize, sponsored by TT Club together with FIATA and IATA, is worth in excess of US$35,000 to the winner.
TT Network Partner in Taiwan
30/09/2005
With effect from 1st October 2005, the Club's Network Partner in Taiwan is Taiwan Transport Insurance Services Ltd. (TTIS).
TT Club expands Singapore underwriting team
30/06/2005
TT Club, the leading mutual insurance provider for the transport industry, has appointed Chee Teng Joo as an underwriter in its Singapore office. Mr Chee, a Malaysian national, joins the Club from a background of broking and marine underwriting in the Malaysian market.
TT Club, the leading mutual insurance provider for the transport industry, has expressed renewed concern over continuing breaches of the International Maritime Organization's IMDG Code covering the carriage of dangerous goods. In an effort to improve the compliance ratio the Club has released the latest in its series of Stop Loss bulletins, focusing on the transport of packaged dangerous goods.
June 23, 2005 - The growth in end-to-end logistics services and the greater complexity of long-distance supply chains are increasing risks for logistics operators, often in areas that are imperfectly understood. This warning to logistics service providers was delivered by the leading transport mutual TT Club in a presentation at a recent (June 15) conference in Antwerp.
Although the introduction of the ISPS Code was driven primarily by the need to counter the threat of terrorist attacks on ports and shipping, it and its regulatory cousins CSI (Container Security Initiative) and C-TPAT (Customs-Trade Partnership Against Terrorism) are having a positive impact on levels of more traditional cargo crime.
The Club has been running a related initiative raising awareness of carriage of dangerous goods in containers. It has recently published a new Stop Loss information sheet entitled 'Guidance on the Transport of Packaged Dangerous Goods by Sea'.
TT Club's improving financial position has been acknowledged by industry ratings agency AM Best, which has revised its outlook on the mutual insurer's rating from 'stable' to 'positive'.
Rafaela S
06/04/2005
We write again on the English Rafaela S judgment, which we first addressed in the last edition of TT Talk.