Industry Segments: Marine Page 12 / 17
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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.
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- July 6 2022
Rare Earth’s Martin Ham takes on UK, Europe role
Ham has relocated from Hong Kong and was most recently the broker's binder and facilities director.
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- June 30 2022
Sanctions could shift more marine premiums to Asia
The ongoing Ukraine conflict could see more hull and cargo underwriting activity transferred to the region.
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- June 28 2022
The London P&I Club appoints Deborah Yu as Hong Kong manager
Fiona Pounds to become deputy general manager amid four other appointments.
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- June 22 2022
MSIG Hong Kong to maintain ‘modest’ GWP growth: S&P
Growth expected from employee compensation, marine and travel insurance recovery.
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- May 26 2022
China marine profitability won’t bounce back on its own
With large state-backed companies aggressively growing market share, competition is fierce.
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- May 11 2022
Number of shipping losses in South China falls: AGCS report
One in five shipping losses still come from the region - the highest in the world.
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- April 4 2022
Evergreen declares general average for stricken Ever Forward
The firm has hired adjuster Richards Hogg Lindley as it seeks to free the Hong Kong-owned vessel.
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- April 1 2022
Fires, Covid and war weigh on marine lines in Asia
Tanker fires in Thailand, China lockdowns and war in Ukraine make for a gloomy outlook.
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- March 29 2022
Losses expected as Thai oil tanker explodes
The Ampar 8 was built in 2007 and is owned by Ayudhya Development Leasing.
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- March 23 2022
Insurers see large rise in Asia marine cyber GWP
But as loss ratios and prices increase, retaining momentum in the sector may not be so easy.
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- March 17 2022
AGCS targets 10% GWP growth in Asia: global CFO
The specialty player is exploring new partnerships in the region, says Claire-Marie Coste-Lepoutre.
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- March 16 2022
Standard Club and North P&I merger talks piques interest in Asia
The two P&I giants have already started reaching out to members and brokers.
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- March 16 2022
Evergreen container ship runs aground, insured loss remains unknown
One year after a sister ship was stuck in the Suez Canal, the Ever Forward is stranded near Maryland.
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- March 9 2022
Matt Cannock joins Latitude Brokers, Singapore amid leadership shake-up
He becomes managing director, as partners Tom Fulford-Smith and Charles D’Alton to leave June 1.
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- March 3 2022
Ukraine invasion heightens marine risk in Asia
Evolving sanctions and snap decisions by global giants mean (re)insurers are assessing their risks hourly.
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- February 24 2022
Are insurers being too complacent about inflation?
Inflation may be ticking up in Asia, but insurers don’t seem too worried.
