Company news

For the first half of the 2021 financial year, the Gard group results have been negatively impacted by the continuing trend of large Pool claims, as well as COVID-19 related crew claims and pandemic-driven cost increases in hull, loss of hire and P&I casualty.

The Institute of Maritime Law and Gard are pleased to announce the establishment of the «IML Gard Fund», which was launched on 20 October in the presence of the Vice-Chancellor and President of the University of Southampton Professor Mark E. Smith, Mr Tim Howse, Vice President Industry Liaison, Gard, and Dr Alexandros X.M. Ntovas, Director of the Institute of Maritime Law.

A very strong financial risk profile combined with its market share means Gard will remain the dominant player in the P&I segment and a significant participant in the marine market more generally, according to S&P.

We have added a second correspondent for P&I matters in the Ukraine, with effect from 14 October 2021.

We have added a second correspondent for P&I and Hull & Machinery matters in the port of Jakarta in Indonesia.

Gard’s underwriting team in London handles a broad range of marine insurance products and has recently been further strengthened with additional strong market expertise.

The annual IUMI conference will take place online on 2 to 15 September. The theme of this year’s conference is ‘Pathways to a sustainable, resilient and innovative future’.

The International Group of P&I Clubs has produced an FAQ in order to answer a number of questions that are frequently asked about P&I Club cover relating to the vaccination of seafarers.

As we all look forward to a summer break, I am pleased to say that Gard has maintained its support of and services to our Members and clients, and continues to develop and future-proof our operations.

Our global Defence expertise is deep and extensive. It enables us to quickly focus on the issues that need to be addressed.

Gard today announced the winners of this year’s Claes Isacson Scholarship: Aybuke Naz Durmus (26) from Turkey, and Sebastian Kjærnli Aguirre (28) from Norway. ‘It is an honour to see that our work is being valued and appreciated,’ the winners told Gard.

The 2021 Annual General Meeting of Gard P. & I. (Bermuda) Ltd. will be held on Thursday, 1 July 2021 at the offices of its Manager, Lingard Limited, Trott & Duncan Building, 17A Brunswick Street, Hamilton HM 10, Bermuda at 12:00 noon or as soon thereafter as possible. 

Gard Marine & Energy company name impersonated and cloned and used in the promotion of fraudulent financial services.

Gard announces positive results in an exceptionally challenging year for everyone in the maritime industry.

During the last year, we have continued to take steps to engage industry-wide on topics that are vital to the future success of the maritime industries. Our Sustainability Report for 2020 sits alongside our financial results and monitors our progress against the five Sustainability Development Goals that we use as our framework for our ambitions and targets.

Is shipping in Asia safer than elsewhere? The region certainly has fewer groundings and collisions than the rest of the world, according to newly compiled data. And Asian maritime clusters are increasingly driving the push for sustainable development, notes Gard CEO, Rolf Thore Roppestad.

‘Green’ ship recycling products are emerging in the marine insurance market, leading to questions and sometimes confusion around which policies are needed or not, and what is already covered elsewhere. In this article, Gard’s Head of Environmental Claims, Andreas Brachel, outlines Gard’s position, adding that ‘green’ add-ons are not always worth the hype.

We are happy to announce that Gard has become a signatory to the UN Principles for Sustainable Insurance (PSI). ‘With Gard joining the PSI, the world’s largest marine insurer is making it clear that seaworthiness, insurability and sustainability go hand-in-hand’, said PSI’s Programme Leader.

Imola Szanto has chosen a different career path than most women her age: oil tankers, icebreakers, Arctic expeditions, and maritime law. As winner of last year’s Claes Isacson Scholarship, she can’t wait to see what’s next.