Industry Segments: Marine Page 3 / 18
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- September 24 2024
Climate change, green transition and geopolitics reshaping marine insurance
The growing importance of Asia underlined the 150th annual International Union of Marine Insurance conference where geopolitical tensions, extreme weather risks, and energy transition dominated discussions.
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- September 23 2024
Starr’s Rachel Miao joins Aon as Asia director, marine, cargo & logistics
For her new role, Miao, who was most recently head of marine for China at Starr Insurance, will relocate to Hong Kong from Shanghai.
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- September 19 2024
Global marine insurers bet on Asia amid growing geopolitical concerns
The International Union of Marine Insurance sees the region accounting for almost a third of the premium as an opportunity to grow its membership as war risks, sanctions and embargoes are affecting global shipping.
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- September 18 2024
Russian insurers provide cover for 60% of Moscow’s oil exports to India: report
Signals a growing role by Russian carriers such as Ingosstrakh to facilitate oil shipments to India, its biggest buyer, despite western sanctions.
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- September 18 2024
Crawford launches dedicated logistics, transportation & freight division in Singapore
The service will address complex claims arising from the logistics and freight sector, requiring adjusters familiar with marine and transportation industries.
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- September 18 2024
Analytics: APAC 2023 marine premiums up 7.5% as global trade recovery drives cargo insurance growth
While the upswing in trade is expected to help premium growth and and the overall claims impact remained stable, uncertainty posed by geopolitical tensions and regional economic outlook could impact the sector.
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- September 13 2024
Opinion: Taiwan specialty market on edge as US presidential election rolls closer
Following the the recent presidential election debate and the sparring over regional policy, attention is once again focused on the island nation due to the potential risk of disruption posed to its semiconductor sector and supply chains.
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- September 11 2024
Tokio Marine Kiln expands APAC marine team with underwriter hire
Singapore-based Stephanie Hong joins the Lloyd's player as Asia Pacific marine underwriter from Great American Insurance.
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- September 11 2024
Low claims, growing reserves keep P&I market on steady course
Although the headline figures look strong, some of the biggest clubs have reported underwriting losses as several need to correct results, while others take a softer approach.
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- September 9 2024
Multi-peril risks fuel demand for cat coverage: Hannover Re
The reinsure anticipates prices and conditions to remain stable for the January 1, 2025, treaty renewals with supply and demand in most markets remaining balanced.
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- September 3 2024
Port congestion cover demand surges as geopolitical tensions lead to Asian terminals overload
As Red Sea attacks continue, the blockages in Singapore and Malaysia’s Port Klang and Tanjung Pelepas has led to supply chain disruptions, with nat cats making the regional risk landscape more complex.
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- September 2 2024
Aon appoints Oliver Miloschewsky as head of shipping for Asia
Hong Kong-based Miloschewsky, who joins from MGA Nexus Underwriting, will report to Stephen Rudman, head of marine, Asia
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- September 2 2024
Aon hires Munich Re veteran as senior shipping specialist, Japan
In his new role, Hide Akagi will take on the role of business development for the shipping team in Tokyo and report to Stephen Rudman, head of marine for Asia.
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- August 22 2024
Axa XL appoints Daniel Su as marine cargo underwriter in Hong Kong
Su has over 20 years of (re)insurance underwriting and broking experience focusing on the north Asia marine markets.
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- August 20 2024
BHSI ropes in AIG’s Tim Air as executive underwriter for marine, Australasia
Melbourne-based Air has 25 years of experience in leadership and distribution roles across both Australia and New Zealand.
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- August 20 2024
Renewables fuel Munich Re Specialty Asia syndicate’s regional diversification strategy
Following the rebranding of all primary specialty insurance entities under one brand, Munich Re's APAC underwriting hub in Singapore is diversifying away from its traditional focus on marine and energy and also expanding into cyber, political risks, financial lines.
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- August 19 2024
Aon brings on board Marie Pelton as cargo and logistics associate director for Asia
Singapore-based Pelton, who joins from Filhet-Allard Maritime, will work with the regional director of marine, Nick Chapman,
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- August 7 2024
AIG brings on board BHSI’s Anouk Sireude as Pacific head of ocean marine
This is AIG's fourth hire from the specialty insurer over the last few weeks in Australia and the third from the marine underwriting team.
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- August 6 2024
Insurers urge BI planning as Asian shippers buckle under supply chain pressure
Cascading impacts of geopolitical conflicts, extreme weather events and the Baltimore bridge collapse are testing the resilience of supply chains, with carriers warning of significant impact on the risks they cover.
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- August 5 2024
Markel strengthens APAC team with four hires in Hong Kong and Singapore
Jenny Choi and Anna Tan join the carrier in Hong Kong as senior underwriters for casualty and fine art & specie, respectively, and Olga Wong and Isabelle Wong have been hired as senior underwriter for professional financial risk and cargo underwriter in Singapore, respectively.
