Posts By: Roanoke Underwriting

The fire on Danish shipping vessel, Maersk Honam, underscores the extent of damage that can occur on large shipping container vessels – both in human life (five crewmembers died) and in cargo damage. Maersk Honam declared General Average (GA) only a few days after the fire. Liverpool-based average adjuster Richards Hogg Lindley (RHL) set the… Read More

We are pleased to announce another great addition to our corporate management team, Steven P. Weiss. Mr. Weiss has assumed the position of Senior Vice President-Chief Underwriting Officer, effective January 2018. Steven’s background includes 28 years as a Marine Surveyor, Loss Adjuster and Underwriter and he is a graduate of Virginia Military Institute with a… Read More

Earlier this month, an ultra-large containership belonging to shipping giant Maersk suffered what is being described as a ‘serious fire’ in one of its cargo holds while en-route from Singapore towards Suez, Egypt. Of the 27 seafarers aboard the Maersk Honam, three have died and one is missing as of this publication date. This recent fire… Read More

The international shipping organization BIMCO, based in Copenhagen, sees 2018 as the year container shipping growth and demand growth strike a balance, according to an article in American Shipper. “BIMCO forecasts demand to grow by 4.0-4.5 percent against a fleet growth of 3.9 percent in 2018,” stated Peter Sand, chief shipping analyst for BIMCO. Sand… Read More

Global insurer Munich Re, parent company of Roanoke Underwriting, earlier this month released a review of 2017’s natural catastrophes. Hurricanes Harvey, Irma and Maria, along with Mexico’s severe earthquake and other disasters, are estimated to cost the insurance industry a record $135 billion. Add to this uninsured losses, and the cost for overall losses is… Read More

Improving freight conditions and freight rates in 2017 is expected to lead to a rebound in carrier profitability in 2018 as well as a jump in new big rig orders by trucking companies, according to ACT Research, publisher of commercial vehicle (CV) industry data, market analysis and forecasting services for the North American market.  Trucking… Read More

Four industry organizations representing different sectors of the supply chain industry in a recent session at the Intermodal Europe Conference in Amsterdam put the spotlight on the need for container owners and operators to provide appropriate equipment for properly packing and shipping cargo, as set by the Cargo Transport Units (CTU) Code. The Global Shippers… Read More

Two years ago this past October 1, in the face of Hurricane Joaquin’s 150-mph winds, 40-year-old cargo ship El Faro went down, sinking 15,000 feet of water to the sea floor near the Bahamas and killing 33 people on board. The worst maritime disaster for a U.S.-flagged vessel since 1983, the El Faro was one… Read More

Roanoke Insurance Group is pleased to announce that Karen Groff, Executive Vice President of Operations, will assume the role of President as of October 1. Current President, Bill Sterrett will remain as Chairman. Karen will be responsible for the ongoing leadership, management and directional planning of the organization; Bill will assume various strategic assignments and… Read More