Line of business: Cargo Page 1 / 2
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- April 24 2025
Asia port accumulation risks resurface as Trump’s trade war continues
Potential slowing down of trade between China and the US puts the region's container ports back in the spotlight.
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- April 10 2025
US tariffs may slow premium growth in trade-related P&C lines, raise claim costs: Moody’s
Supply chain disruptions and lower trade volumes could significantly reduce insurance demand for certain lines in Asia like marine cargo and credit.
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- January 9 2025
Munich Re Specialty Asia strengthens team with 2 senior hires
Appoints Hong Kong-based Bernadette Hung as fine arts and specie underwriter and Singapore-based Bee Tin Goh as cargo underwriter.
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- November 18 2024
Taiwan prohibits vessels covered by four insurers from commercial seaports
The action follows the carriers' – Ascent, Edinburgharian PANDI Management, Polaris and Arsenal – failure to resolve shipwreck-related disputes.
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- November 12 2024
Tokio Marine Asia appoints Marsh’s Riky Parulian Silaen as marine cargo underwriting head
Jakarta-based Silaen was most recently manager for marine, cargo and logistics for the broker.
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- October 25 2024
Dali owner, operator reach US$100m settlement over Baltimore bridge collapse
Singapore-based Grace Ocean and Synergy Marine, the owner and operator of the cargo ship that struck the Francis Scott Key Bridge in the US earlier this year, have agreed to pay the amount to the US federal government.
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- October 24 2024
Rare Earth launches wholesale insurance broker in mainland China
To be led by Wang Wei and Mark Gu, the +8 Partners company will also bring overseas insurance business into China, which will be traded in the Shanghai International Reinsurance Centre.
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- October 22 2024
Geopolitics, container fires, energy transition shaping marine insurance dynamics: IUMI’s Lars Lange
With the shipping business very clearly shifting to Asia, the industry group is looking to grow its presence in the region.
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- October 9 2024
Markel expands India team with three underwriters in Mumbai
Srabasti Dhali has joined from Tata AIG as senior underwriter, specie; Aniket Mehta has been named marine cargo senior underwriter, while Ankur Saxena started as casualty underwriter.
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- September 27 2024
New routes create new risks for insurers as Red Sea remains US$3tn threat
As longer transit time, delays, increased emissions and piracy threats plague attempts to circumvent the region, it could be transformational for the Belt and Road initiative as cargo moves to rail and air.
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- September 25 2024
WTW appoints Sao Mai Nguyen as associate director for cargo, Asia
Nguyen will join the regional Asia cargo team within WTW's global marine business, according to an announcement by Oliver Scarr, head of cargo for Asia.
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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 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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- 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 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 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.
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- May 24 2024
South-East Asia accounts for a third of global ship losses in 2023: Allianz Commercial
South China, Indochina, Indonesia and the Philippines, is the main ship loss hotspot globally last year.
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- April 17 2024
Dali ship owner declares general average for Baltimore bridge allision
The shipowner has appointed Richards Hogg Lindley/Charles Taylor (Japan) as general average adjusters.
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- April 15 2024
Miller expands APAC cargo offering with Aon hire
Ferriolo, who joins as producing broker, will relocate to Singapore and work closely with Jamie Kearney, the broker's global head of cargo.
