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Underwriting report

ITIC’s target for new premium income in the 2018 year (the period 1st June 2018 – 31st May 2019) was set at US$ 2.75m. We are pleased to report that the actual new premium gained for the year was US$

Q&A with Mark Brattman

The first in a regular series, we get to know ITIC’s claims handlers. In this interview, ITIC’s Legal Advisor and the new Editor of the Claims Review, Mark Brattman, outlines the most memorable claim

Underwriting report

Underwriting report

 By Alistair Mactavish, Chief Underwriting Officer & Chief Operating Officer We were pleased to welcome close to 400 new members in the 2024 policy year (the period 1st June 2024 -

Press release: ITIC returns profits to members for 27th year running

Press release: ITIC returns profits to members for 27th year running

ITIC returns profits to members for 27th year running The International Transport Intermediaries Club (ITIC), a mutual insurer which provides professional indemnity cover for intermediaries serving

Possibly the first arrest

ITIC has assisted a shipbroker to obtain, what we believe, is the first arrest of a ship in a Commonwealth law jurisdiction for unpaid commission. The shipbroker had commenced London arbitration

The high cost of winning

One of the most important aspects of ITIC’s insurance is the payment of legal costs.  Even if the  Member has absolutely no liability for the claim against him, a defence has to be prepared

ITIC circular: EU sanctions against Russia update

ITIC circular: EU sanctions against Russia update

Date: 27th September 2022 On 19 September 2022, the EU issued two amended Russia-sanctions FAQs on the import, purchase, and transfer of listed goods (nos. 2 and 4 available here). These have

Ship Management International column November/December 2015 - To be joint assured or not to be- that is the question

To see the article as it appears in Ship Management International please click here (page 54). It is a condition of ITIC’s insurance for ship managers that they are named as a joint assured on all

FIVE WAYS TO FEND OFF FRAUD

Staff give staff proper training. give staff adequate remuneration. provide sufficient staff - overworked staff are less observant. check references for new staff. check that qualifications are

Ship Management International column July/August 2020 - Are you enough of a manager?

Ship Management International column July/August 2020 - Are you enough of a manager?

To see the article as it appears in Ship Management International, please click here (issue 86, page 14) It was a dark and stormy night around Christmas 2016. Out at sea in an inky black night a