Industry Segments: P&I Page 3 / 3
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- February 23 2023
Asian fleets boost P&I clubs’ renewals
After a tough start, many clubs saw close to 50% renewed gross tonnage coming from Asia.
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- February 22 2023
Hong Kong’s Nova Insurance sees 20.7% revenue growth in first half
The broker's revenue climbed to US$7.8m, helped by an increase in professional indemnity and trade credit lines.
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- February 17 2023
Asia P&I club renewals go down to the wire
Rate increases, drawn-out negotiations and the lunar new year delay February 20 renewals in the region.
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- December 29 2022
P&I insurers to quit war risk cover for Russia and Ukraine from January 1
Exit by reinsurers due to huge losses and lack of retrocession is forcing P&I clubs that cover 90% of ships to stop offering war risks.
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- December 2 2022
West of England names new head underwriters in Singapore and HK
Senior underwriters David Griffiths will take charge in the Lion City and Xuanlun Cai in the SAR.
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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 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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- July 28 2022
Capacity tight due to complex risks in Asia’s tech market
BI risks, data security concerns and past losses are contributing to more conservative underwriting.
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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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- 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.
