TT Club highlights gas risk of Li-batt fires

Insurer TT Club has launched a campaign to highlight the danger of toxic gas emissions from lithium-ion battery fires.  It says that while the risk of fires involving the batteries on board ships, have been well-documented there is less awareness of the highly toxic combustion products that are released. TT Club says that toxic vapour can be emitted within seconds of a fire starting due to thermal runaway. Drivers, stevedores, ships’ ... [+]

Two more for TT team

Multimodal freight insurer TT Club appointed Josh Finch as logistics risk manager and Neil Dalus as EMEA risk assessment manager. Josh Finch’s 15 years’ experience in the industry includes operations manager at Howard Tenens and at DHL Supply Chain, as both operations and transport manager.  Neil Dalus’ 20 years managing port and ... [+]

New directors join the club

Morten Engelstoft has been elected as the new chairman of liability insurance provider to the international cargo and logistics industry TT Club with the retirement of Ulrich Kranich.  Engelstoft spent 36 years at Maersk, from where he retired in June 2023 as chief executive of APM Terminals. He commented, “TT Club ... [+]

Large earthquake in Chile cargo crime

There has been a dramatic year-on-year increase in freight crime in Chile in 2022, with thefts up 27% up on pre-pandemic levels, according to analysis by TT Club and business improvement consultants BSI Screen. There has been a 450% increase in the frequency of insurance claims in 2022 and over half ... [+]

TT promotes two

Insurer TT Club has TT Club promoted underwriters Luise Doyle and Yee Lin Chan. Luise Doyle becomes regional general manager EMEA, having worked her way up from Underwriting Assistant in 1990. Yee Lin Chan takes over as head of TT’s London Market Underwriting team following her return from maternity leave ... [+]

New leaders readied for TT Club role

Freight and logistics insurer TT Club has announced two new appointments to senior positions as part of its planned succession programme. Kevin King has been promoted from chief operating officer to deputy chief executive officer with Mark Argentieri taking his former role. Both King and Argentieri have been working closely ... [+]

Fraud poses biggest threat to cargo, says TT Club

Fraud is the biggest threat to cargo, says insurer the TT Club. The Club says that the almost exclusive use of online facilities to process business transactions allows a myriad of fraudulent pursuits including payment fraud that involves existing mandates and impersonation of executives to procurement fraud featuring false invoicing. Carrier fraud, ... [+]

Unravelling the mysteries of General Average

The latest issue of freight transport insurer TT Club’s StopLoss newsletter unravels the mysteries of General Average. Produced in collaboration with forwarder’s association, FIATA and the Global Shippers Forum (GSF), the publication provides a straightforward summary of the topic, along with essential good practice advice.  While General Average is widely used and is as old ... [+]

Box ship fires are everyone’s problem, says TT Club

TT Club is calling for everyone in the supply chain to take responsibility for container ship fires. With serious fires occurring every 60 days on average, the freight and logistics insurer is once more urging a more comprehensive approach to halting the trend. “There were significant lessons coming from the sad ... [+]

TT Club signs insurance pledge

Freight transport insurer TT Club has signed up to the United Nations Principles for Sustainable Insurance (PSI), a global framework for to address environmental, social and governance  (ESG) risks and opportunities. PSI is a global, collaborative initiative that strengthens the industry’s contribution as risk managers, insurers and investors to building ... [+]

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