insurance

Salvage veteran joins what claims to be the first dedicated marine broker in Cyprus and Greece with a Lloyd’s of London licence

Move comes after Suez Canal Authority fails to respond to a letter urging it to revise its salvage claim and to release the ship’s cargo

Suez Canal Authority earlier alleged the master had lost control of the vessel

More insurance premium pain for shipowners as mutuals’ struggles to overcome underwriting losses continue

Insurer has seen free reserves fall but says its financial position is secure