Industry Segments: P&I Page 4 / 4
-
- July 28 2023
Japan P&I Club on hook after large fire on ship with US$100m of cargo
The Japanese-owned vessel is near a World Heritage site and was carrying over 2,800 vehicles, including 498 electric cars.
-
- July 5 2023
West P&I Club makes six promotions in Asia Pacific
The club has named Singapore-based Eugene Cheng as senior claims manager, Pearl Chan as senior claims handler in Hong Kong, along with four others elevated in the claims and underwriting teams.
-
- May 12 2023
Skuld posts US$122m premium income from Asia
The P&I club, which generated 26% of premiums from Asia, improved its combined ratio to 97% in FY 2022/3 from 107% in the year before.
-
- May 2 2023
West P&I appoints Tony Paulson as Asia head
Paulson will continue his current role as the club’s corporate director alongside his new position.
-
- April 26 2023
Philippines oil spill damages hit US$68m: NDRRMC
The sinking of MT Princess Empress in Oriental Mindoro has directly affected 24,000 fishermen and a total of 40,897 families, says the country's disaster management agency.
-
- April 19 2023
NorthStandard opens Asia headquarters in Singapore after merger
The new consolidated office will be led by David Roberts, now head of Asia Pacific, and James Moran, chief operating officer and head of P&I claims for the region.
-
- April 17 2023
Shipowners’ Club insures Singapore ship likely taken over by pirates
The ship, Success 9, has since been located off the Ivory Coast with all crew safe.
-
- April 5 2023
Philippines’ oil spill expected to exceed Shipowners’ civil liability limit
Compensation from the oil spill is expected to exceed US$10m, meaning all P&I clubs could be on the hook, with decisions made on a case-by-case basis.
-
- March 9 2023
Exclusive: Philippines oil spill could cost Shipowners’ Club over US$100m
IAN understands that the P&I club is the sole insurer on a sunken oil tanker that was carrying 800,000 litres of toxic fuel oil.
-
- February 28 2023
Gard promotes Louis Shepherd as Japan managing director
Shepherd replaces John Martin, who has acted as interim MA of Gard in Japan since Tadashi Sugimoto stepped down in October 2022.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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.
-
- 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).
-
- 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.
-
- 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.
-
- 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.
-
- 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.
