Industry Segments: Marine Page 11 / 17
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- October 7 2022
Japan non-life insurers have ‘stable’ outlook: AM Best
Higher loss ratios for motor insurance, personal accident and marine could impact insurers’ underwriting profitability.
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- September 23 2022
CTX Special Risks, Cosco Shipping captive join global marine climate group PPMI
The Poseidon Principles of Marine Insurance is a framework to incentivise shipping decarbonisation by disclosing the 'climate alignment' of hull and machinery portfolios.
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- September 22 2022
Tokio Marine’s Kosuke Hashimoto starts new IUMI vice president role
TM&NF's marine underwriting manager joins new IUMI president Frédéric Denèfle, Garex managing director, on the committee.
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- September 22 2022
Analytics: Asia marine premium growth offset by higher claims
Vessel activity returns to pre-Covid levels, rates flatten and inflation pushes up cost of repairs.
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- September 21 2022
Zenobia Huang to steer WTW Taiwan marine team
Taipei-based Huang has been at the broker since 2015 specialising in hull, P&I and other liability lines.
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- September 9 2022
Lloyd’s Asia posts 25% H1 growth but COR deteriorates
Marine and cargo premiums grew for the first time in three years, but the region took a hit from Australian floods.
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- September 5 2022
‘Singapore marine market will replace exiting Lloyd’s capacity’
Marine hull underwriters are stepping up offerings and announcing growth plans as pricing levels off, says Latitude’s Matt Cannock.
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- September 2 2022
China P&I exploring South-East Asia markets for diversification: AM Best
The rating agency has assigned the club a financial strength rating of A- (excellent).
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- August 22 2022
Andrew Bicknell’s Singapore return boosts Clyde & Co’s energy and marine team
The move follows the promotion of city-based (re)insurance dispute resolution specialist Vanessa Lim.
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- August 17 2022
Harry Taylor steps up to lead Zurich’s Singapore marine team
Taylor was previously the Swiss insurer's head of marine liability.
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- August 15 2022
Skuld drops anchor in Japan with Tokyo office
Norwegian marine insurer brings on board ex-Japan P&I Club team led by Jinsung Son.
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- August 8 2022
BHSI launches Australasia commercial hull line with ex-QBE hire
Jake Hesson will help expand the specialty player's marine product portfolio.
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- August 4 2022
Milli Re adds Christine Wong to Singapore underwriting team
Wong is a marine specialist who most recently worked at MS First Capital.
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- August 3 2022
APAC marine, aviation and transit GWP to hit US$16bn in 2026: GlobalData
The Regional Comprehensive Economic Partnership is set to help spur growth.
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- August 1 2022
MGA Rokstone eyes Asia cat market opportunity
The specialty player has regional capacity and wants to expand as pricing hardens and terms improve.
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- July 28 2022
Markel International hires two underwriters in Hong Kong and Singapore
Zita Fok becomes a marine underwriter while Dawn Soh joins as a fine art and specie underwriter.
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- July 25 2022
Marine, property and liability drive China Merchants Insurance’s premium growth: AM Best
The Hong Kong insurer's premium revenue grew by 11.8% in 2021.
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- July 19 2022
P&I club Skuld could be downgraded on underwriting performance: S&P
The marine player, which has Hong Kong and Singapore offices, is selling Lloyd's subsidiary Asta.
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- July 12 2022
APAC free trade pact could boost premiums by US$29bn
With 16 countries involved, RCEP will increase demand across lines including marine, trade credit and engineering.
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- July 8 2022
Miller acquires Japanese marine broker Lead Insurance Services
Lead specialises in hull, war risks and protection & indemnity.
