News

  • CEFOR Clause No. 3 Change of Conditions Clause - amended wording

    Although the wording is clear and reads that the clause does not apply in the case of change of ownership, some brokers have recently been arguing that the wording could indicate that the clause also applies in such cases. In order to make this clear beyond any doubts, an additional sentence has... Read More
  • IUMI 2008 Vancouver 14-17 September - Facts and Figures Committee Reports

    As presented at the IUMI conference, Monday 15.09.2008, by F&F Committee chairman Mr. Cedric Charpentier and vice-chairman and CEFOR analyst Ms. Astrid Seltmann. Including ladder statistics with reported claims and estimated ultimate results for underwriting years 1996 to 2007. In addition to the... Read More
  • Targeting lists for Flag States and Recognized Organizations

    Effective 1 July, the recently adopted targeting lists for Flag States and Recognized Organizations are now in use by the Paris MoU. All Nordic flag States are ranked as quality flags on the White List, while Det Norske Veritas is the highest performing recognized organization. More information i... Read More
  • Consultation on Insurance Block Exemption Regulation

    On 17 April 2008, the European Commission announced a consulation on the future of the insurance block exemption which exempts from EU competition rules certain forms of co-operation between insurers. The European Commission has announced that the consultation is combined with targeted... Read More
  • The 2007 CEFOR Report on Hull Claim trends

    13 March 2008, CEFOR members gathered for a one-day seminar, organised by CEFOR's Statistics Forum, to shed more light on the recent disturbing claim trends and their possible causes. As a supplement to CEFOR's own extensive claims statistics, Principal Safety Consultant Torkel Soma from Det Nors... Read More
  • Broker's Letter of Authority / Meglerfullmakt - 2007 version

    Is now available for download here: English version: a) Broker's Letter of Authority (Marine & Energy) - Standard form 2007 (pdf) b) Broker's Letter of Authority (Marine & Energy) - Standard form 2007 (Word) Norsk versjon: Meglerfullmakt (Sjø & Energi) - Standard formular 2007 Read More
  • IUMI 2007 Copenhagen

    A - Facts and Figures Committee Reports As presented at the IUMI conference in Copenhagen on Monday 10.09.2007 by F&F Committee chairman Mr. Tore Forsmo and CEFOR Analyst and F&F Committee member Ms. Astrid Seltmann. Including ladder statistics for major markets with reported paid and outstanding... Read More
  • CEFOR voices concern over EU legislation

    In a statement today, a leading marine insurance market has voiced strong concerns over proposed amendments in the EU Third Maritime Safety Package, regulating Classification Societies. In the EU proposal, classification societies when classing ships will mutually have to recognize and accept eac... Read More
  • IUMI 2006 Tokyo

    A - Facts and Figures Committee Reports As presented at the IUMI conference in Tokyo on Monday 18.09.2006 by F&F Committee chairman Mr. Tore Forsmo and CEFOR Analyst and F&F Committee member Ms. Astrid Seltmann. Including ladder statistics for major markets with reported paid and outstanding clai... Read More
  • CEFOR calls on industry to embrace transparency

    In an effort to encourage the industry to work more closely together to manage common issues, CEFOR has taken a leadership role in calling on industry stakeholders to share vital information. CEFOR managing director Tore Forsmo believes that in order to move forward, the industry must embrace... Read More
  • CEFOR Seminar on recent claim trends

    On 18th November CEFOR held a member seminar on recent claim trends, with special focus on nautical-related claims such as collision, contact, grounding, and ice. The following ppt-presentation gives a short summary of the major Hull & Machinery claim trends. See also CEFOR Newsletter December 20... Read More
  • IUMI 2005 Amsterdam

    A - Report on Marine Insurance Premiums 2003 and 2004 As presented at the IUMI conference in Amsterdam on Monday 19.09.2005 by Facts & Figures committee chairman Mr. Tore Forsmo. Including ladder statistics for major markets with reported paid claims and estimated final results for Underwriting... Read More
  • No Room for Complacency

    Tore Forsmo, managing director of The Central Union of Marine Underwriters (CEFOR), warns the marine insurance industry to either recognize the need for substantial change in business practice or prepare for regulatory regimes that may eventually damage the industry. Read whole press release ! Read More
  • Revised Norwegian Cargo Clauses and Commentary

    The Norwegian Cargo Clauses and Commentary of 1995 have been revised by a Committee of cargo underwriters and representatives of Norwegian industry, trade and shippers with professor Hans Jacob Bull as Chairman. Although the revisions are few and moderate, the result is even more customer friendl... Read More
  • IUMI 2004 Singapore

    Report on Marine Insurance Premiums 2002 and 2003 As presented at the IUMI conference in Singapore on Monday 13.09.2004 by Facts & Figures committee chairman Mr. Tore Forsmo. Including ladder statistics for major markets, comprising actual reported paid claims and estimated final results for... Read More

For further information, contact:

Helle Hammer
Phone: +47 23 08 65 57
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