News

It could happen to you – abandoned cargo costs freight forwarders dearly

With COVID related port closures, business shut downs and delays in shipments, we are seeing more cargos being abandoned at destination by shippers and consignees, who seem to disappear into the ether when called upon to settle large container demurrage and storage accounts. The freight forwarder is often then left in the firing line to…
Read more

Former joint managing director and marine insurance stalwart of over 50 years retires

Simon Gosnell, one of the founding directors of leading specialist insurance broker, AlphaXO Risk Partners, retired earlier this month having announced his decision to take a step back from the day-to-day management of the company in November 2019. Spanning over 50 years, Simon started his career as a marine underwriter on a Syndicate at Lloyd’s…
Read more

Confirmation of business as usual for AlphaXO

AlphaXO Risk Partners has taken steps to ensure that our clients and partners are able to rely on our support through the current turbulent times. The team currently works out of 4 separate offices and is covering for each other with shared access to cloud-based systems.  All staff have been rotating through working from home…
Read more

New Incoterms 2020 explained for importers and exporters

The standard terminology used to describe international contracts of sale, Incoterms, has been updated. The new Incoterms 2020 came into effect on 1 January 2020 and impacts everyone involved in buying and selling goods internationally. They clearly set out the respective obligations of the buyer and seller and delineate responsibilities during the transport process. Importantly,…
Read more

Lucy Bell profiled in Insurance Business

AlphaXO Risk Partner’s Senior Broker, Lucy Bell, has been profiled in Insurance Business discussing the value of varied experiences. Read full article

Holiday season office hours

AlphaXO offices will be open across the holiday period. We are only closed on the public holidays – Wednesday 25 Dec, Tuesday 26 Dec and again on Wednesday 1 Jan. The team at AlphaXO wish you a safe and happy holidays.

AlphaXO director discusses emerging marine risks in Insurance Business

AlphaXO Risk Partners director, Robert Hammersley, discusses some of the emerging risks facing the marine industry in this Insurance Business article. Read the full article

Failed bunkering operation highlights need for communication

This recent article regarding a failed bunkering operation highlights the need for excellent communication between all parties involved in such hazardous operations and compliance with sound risk management procedures, especially given the significant fines and liabilities imposed on ship owners and ship operators following a pollution incident. It also highlights the need to partner strong…
Read more

Insurance conditions for ship builders discussed on Daily Cargo News

Leading industry publication Daily Cargo News, has published the state of the insurance market commentary from AlphaXO. Read the full article here and contact us to discuss your specific situation.

AlphaXO November Newsletter

The November newsletter has stories on new appointments at AlphaXO, a state of the market report for ship builders and repairers, how to generate an additional income by offering cargo insurance, holiday season office hours and the change to take the 90 Second Cargo Quote Challenge. Read it here