News

  • 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
  • Bullish shipping market not good enough: marine insurers must improve their bottom line

    Marginal improvements throughout 2003 are not enough to curb substantial unbalance in today's marine market , says managing director Tore Forsmo. Read whole press release ! Read More
  • Revised safety regulations for shipments to risk-prone areas

    The revised editions of the CEFOR safety regulations for the carriage of goods to, from and within risk-prone countries and areas are now available for free download on our Clauses page. These safety regulations are supplemented by the CEFOR Cargo Clauses, also available there. The former safety... Read More
  • "Faglig Sjøforsikringsforum" 19 November 2003

    Come and join the CEFOR Marine Insurance Forum to discuss "Marine Risk: Pricing Models and Risk Evaluation" (in Norwegian), Wednesday, 19 November at 5 PM, at Shippingklubben, Oslo! Registration to hilde.spro@cefor.no by 14 November. For details see: Invitation Faglig Sjøforsikringsforum Read More
  • IUMI 2003 Sevilla

    Report on Marine Insurance Premiums 2001 and 2002 As presented at the IUMI conference in Sevilla on 17.09.2003. Now also with ladder statistics for major markets, comprising actual reported paid claims and estimated final results for Underwriting years 1996 to 2002! Global Premium Presentation 20... Read More
  • The Norwegian Classification Clause

    Recent casualties also led to a discussion of the demand for class registration when insurers grant coverage under different insurance conditions. In the May 2003 edition of Norwegian Hull Club's publication "Network" therefore marine law expert Haakon Stang Lund illustrates in detail how this... Read More
  • Disastrous fifth-year consecutive loss to jack marine insurance premium

    Managing director Tore Forsmo is calling for marine insurers to initiate premium increases of at least 25%-35% per year for the next two years to combat previous negative trends in the global marine insurance industry and cover large 4th quarter 2002 losses. Read whole press release ! Read More

For further information, contact:

Helle Hammer
Phone: +47 23 08 65 57
E-mail: