Issue 68 | 28 February
NorthStandard
We are a leading global marine insurer. NorthStandard #takingontomorrowtogether
Our enhanced PEME programme is designed to reduce medical incidents and safeguard crew health, giving members confidence that seafarers are fit to sail.
Developed in response to the high number of seafarers boarding vessels with pre-existing medical conditions, the programme has been instrumental in preventing serious or life-threatening illnesses at sea, where access to medical care is limited.
Find out more about our enhanced PEME programmes and access the summary and worldwide guides here ??
NorthStandard, Core Power (UK) Ltd and Lloyd's Register Register have jointly published Advanced Maritime Nuclear: A unique opportunity for the UK.
Published 24 February 2025
This report sets out a policy framework for the UK Government to support the deployment of advanced small nuclear reactors on commercial ships and FNPPs, as a reliable and scalable zero-emission maritime power source.
Given the challenges for shipping to reach net zero by 2050 and the need for a mix of solutions to achieve this goal, the paper calls for action by the UK government.
The paper proposes that the Department for Transport includes nuclear-powered shipping and FNPPs in an updated Clean Maritime Plan (CMP) and long-term nuclear strategy.
→ Access the full paper here ??
→ Read our Press Release here ??
NorthStandard closed out a challenging year for global marine insurance with increased poolable tonnage and progress toward strategic goals.?
Despite rising large claims, disrupted Asia-Europe routes, and a growing number of ‘shadow’ tankers, the club reported 270M GT at year-end, up from 260M GT last year, marking continued growth since its 2023 founding.
You can view all our 2025/26 Rules in our dedicated rules publications area, along with archived rules from previous policy years by following the link below.
→ Publications | Our 2025/26 Rules - View here ??
→ Insights & Resources | Insurance Wordings & Clauses - Visit our resources page ??
The Taking On Tomorrow Together podcast mini-series presents it’s third episode, ‘Reflections & Forecasts ??
NorthStandard’s Year in Review’ Joint Managing Directors, Jeremy Grose and Paul Jennings as they look ahead, from sharing their thoughts on the future of the industry to plans for NorthStandard’s continued growth in 2025.
Tune in here ?? to learn about how NorthStandard is embracing AI to enhance efficiency and deliver better service, all while staying agile in an ever-evolving industry.
Welcoming WISTA Hellas to our Greece office
Proudly Supporting "Pay for a Day" at Maggie's Centres
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We hope you enjoyed reading this week's issue.