Industry Segments: Marine Page 13 / 17
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- February 22 2022
Asia boosts Gard’s 2022 renewals
The marine specialist has added 14m GT in past 12 months, nearly 80% at the renewal date.
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- January 20 2022
Asia Covid policies add pressure to cargo market
As China ramps up measures, cargo stacked at ports and quarantined crew are causing cover and claims' issues.
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- January 5 2022
Miller hires former Howden director to lead marine practice
Nick King joined the specialist broker this week and is based in Singapore.
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- December 9 2021
Filhet-Allard Maritime expands in Asia through Latitude Brokers
The French broker has taken a majority stake in the HK-based marine specialist.
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- December 2 2021
Indonesia’s Tugu ‘dominates’ energy, aviation and marine: AM Best
The company has "high reinsurance usage" to support the underwriting of large commercial risks.
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- December 2 2021
GIC Re takes premium hit amid ‘bottom-line’ focus
The reinsurer tells IAN classes with higher claims are being avoided as health and marine business drops.
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- November 2 2021
Standard Club appoints HK-based commercial director
Ireland MD and former head of Asia Robert Drummond to lead commercial development in the region.
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- October 22 2021
P&I clubs facing pressure to increase fixed limits
Mutual protection and indemnity clubs such as London, Japan, UK, Standard and North are all facing rising costs.
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- October 12 2021
Plenty of capacity to meet record LNG prices
Insurance market can meet rising limits despite a price surge of almost 900% this year.
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- September 20 2021
Cosco Shipping’s captive to see steady premium growth: AM Best
The captive benefits from low distribution costs for group-related business and a favourable reinsurance environment.
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- August 24 2021
Korea P&I Club’s balance sheet improves but risks remain
Rating agency report says the association bounced back to profitability in 2020 after some "unprecedented" claims in 2019.
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- August 19 2021
Asia’s marine (re)insurers face ESG challenge
Retrofitting vessels to meet more stringent fuel standards creates new risk management challenges.
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- August 10 2021
Lloyd’s China eyes broker and product expansion
A new marine liability product is expected later this year.
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- August 5 2021
Bigger ships, more frequent and severe transit delays
As vessels increase in size and the maritime transport system grows more complex, the potential for value-destroying delays increases.
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- July 30 2021
Global supply chain woes to keep pressure on cargo premiums
Delays are becoming more costly but can’t be insured at affordable prices.
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- July 20 2021
Typhoons threaten agriculture in three China provinces
Ministry of Agriculture urges insurers to settle any claims promptly amid uncertainty over landfall.
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- July 15 2021
APAC marine, aviation, transit premiums to hit US$14.5bn by 2025
GlobalData report says several insurers have withdrawn from the market after "years of unsustainable losses".
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- July 14 2021
X-Press Pearl’s owners pay initial US$3.6m claim
Sri Lanka's government is looking for US$40m to compensate for environmental damage.
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- July 6 2021
Ever Given to set sail as parties agree claim payout
Payout set to be far less than the original demand of US$900m.
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- June 21 2021
Asia marine market braces for X-Press Pearl ‘total loss’
The focus is now on wreck removal and containing the environmental damage.
