Significant Rise in Hong Kong’s Hull Insurance Capacity

by K.K. Chadha, Hong Kong

Hong Kong’s hull and machinery insurance capacity is estimated at US$35 million per vessel, according to a survey done by Lambert Brothers Insurance Brokers (LBI).

The figure is much higher than the $15-20 million estimated by the Asian Shipowners Forum (ASF), which has proposed the creation of a regional hull and machinery insurance market. ASF has appointed London-based Sedgwick Energy & Marine Global Group as consultant to formulate plans to set up an Asian market.

This is only an excerpt of Significant Rise in Hong Kong’s Hull Insurance Capacity

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.