Insurance providers are struggling to keep pace with changes in the logistics industry and need a new approach to understanding risk in the light of today's logistics contracts.
While New Orleans gradually climbs out of the troubles caused by last year's flooding TT Club has launched a loss-prevention initiative in the form of a 45-page guide to help port and terminal operators minimise the damage caused by windstorms.
The TT Club has received a boost from industry ratings agency AM Best, which has upgraded the Club's financial strength rating to A- (Excellent) from B++ (Very Good).
TT Club has announced a US$23.2 million surplus after tax for its 2005 financial year, marking a further strengthening of its finances and another successful trading period, during which it has increased its leading market share. The result boosted total surplus and reserves by 25.9 per cent to US$112.7 million.
TT Club continues its support of BIFA awards
24/01/2006
Leading transport insurance provider TT Club maintained its long-term cooperation with BIFA (the British International Freight Association) last week, by sponsorship of the Supply Chain Management category at the Association's latest annual Freight Service Awards ceremony.
TT Club, the leading transport insurance provider, has revealed the latest estimate of its claims exposure from hurricanes Katrina, Rita and Wilma and announced its underwriting stance for next year's policy renewals.
The annual Asia Logistics Awards took place in Shanghai last week, with the leading transport insurance provider TT Club once again playing a central role.
Ms Alicia Chin from Canada has been judged the 2005 winner of the Young International Freight Forwarder of the Year at this year's FIATA World Congress in Moscow. The prize, sponsored by TT Club together with FIATA and IATA, is worth in excess of US$35,000 to the winner.
TT Network Partner in Taiwan
30/09/2005
With effect from 1st October 2005, the Club's Network Partner in Taiwan is Taiwan Transport Insurance Services Ltd. (TTIS).
TT Club expands Singapore underwriting team
30/06/2005
TT Club, the leading mutual insurance provider for the transport industry, has appointed Chee Teng Joo as an underwriter in its Singapore office. Mr Chee, a Malaysian national, joins the Club from a background of broking and marine underwriting in the Malaysian market.
TT Club, the leading mutual insurance provider for the transport industry, has expressed renewed concern over continuing breaches of the International Maritime Organization's IMDG Code covering the carriage of dangerous goods. In an effort to improve the compliance ratio the Club has released the latest in its series of Stop Loss bulletins, focusing on the transport of packaged dangerous goods.