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ITIC insured a yacht manager who was replaced by a new manager at the end of an extended winter refit in the South of France. At the end of the refit in December the yacht departed the South of

ITIC insures naval architects, designers and offshore engineers against claims from third parties for alleged infringements of intellectual property. Recently there has been an increase in litigation

What impact did coming out of COVID-19 have on the professional indemnity market and what is the current market condition? ITIC's Underwriting Director, Robert Sniffen, explores how the professional

A charterer alleged to have suffered losses as a result of misleading and deceptive conduct by the classification society in the classification of an offshore supply vessel. The charterer alleged

A classification society classed a ship from the time she was built until the end of 2015 when the ship switched to a new classification society. Four years later, the new classification society

An offshore engineering firm was engaged by the head contractor engaged in the construction of an offshore windfarm to design a subsea pile template (“SPT”) to be used to assist in the driving of

The M/T Unfortunate set out on a voyage that was littered with delays, setbacks and issues. Join ITIC’s Aysegul Wallis and Antonios Vyrgiotis for this webinar, to find out how a

Dear Members  The good news to report on the last financial year of 2014/15 is the continued improvement in the level of claims. The investment return of 4.5%, whilst lower than last year which

Dear members  I am pleased to report that the 26th financial year of ITIC has produced a strong surplus.  ITIC, combined with its mutual reinsurer TIMIA, returned US$18.2m for the year to