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Marine insurers launch Poseidon Principles framework

Six large marine insurers have established a new Poseidon Principles framework called the Poseidon Principles for Marine Insurance.

Photo: Gard

Poseidon Principles will now also cover marine insurance after six large insurers collaborated on a new framework "to provide transparency on carbon emissions and support the shipping industry's green transition," a press release states.

The founding signatories include Swiss Re, Gard, Hellenic Hull Management, SCOR, Victor International and Norwegian Hull Club, whilst Willis Towers Watson, Cefor and EF Marine are affiliate members who support the principles.

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