Line of business: Cargo Page 1 / 3
-
- March 19 2026
Insurers brace for fallout as Iran conflict ‘not a single-line issue’
Industry expects the ripple effects of the conflict to drive disruption-related losses, rather than physical damage.
-
- March 19 2026
Strait of Hormuz hull, cargo headline rates jump 400%+ as war risk pricing remains ‘highly volatile’
Large operators with strong commercial leverage and effective broker support can reduce premiums substantially through mechanisms such as no-claims bonuses, brokers and underwriters told InsuranceAsia News.
-
- March 6 2026
War cover for Gulf and Red Sea available on single-voyage basis amid fluid risks: IUMI
In the current fast-paced situation, insurers will regularly re-examine their ability and willingness to provide that provide cover.
-
- March 3 2026
Warning of 50% spike in marine war risk premiums as Iran conflict intensifies
With US$500bn in energy trade at a standstill, proportionality and caution are the watchwords for the marine market as it braces for a prolonged crisis.
-
- March 2 2026
US-Israeli strikes on Iran force marine war market repricing amid elevated geopolitical risks: Aon’s Stephen Rudman
While there is no systemic withdrawal of capacity, underwriters have cancelled certain hull war policies and are offering reinstatement of cover at materially increased rates, the broker's head of marine in Asia says.
-
- March 1 2026
War risk insurers cancel covers, raise prices for ships in Gulf and Strait of Hormuz: report
Insurance rates could rise by as much as 50% following Iran's retaliatory stirkes against US-Israel, meanwhile, cargo war-risk insurers are also preparing to issue cancellation notices on Monday.
-
- February 23 2026
Naleena Moore to lead Axa XL’s Singapore marine cargo team
She has been with Axa XL in Singapore for over a decade.
-
- February 5 2026
Tidal wave of false carrier crime sees cargo market look for response
Losses should move the needle for the industry, as it is being passed into the reinsurers and they will adjust rates which will impact the cargo insurers.
-
- January 9 2026
Lockton boosts cargo, marine team in Singapore with double move
Broker appoints Li Lin Kea as head of cargo and logistics, regional transportation for Asia, and promotes Cindy Khoo to head of marine and offshore, regional transportation for Asia.
-
- January 5 2026
Marsh appoints Ngoc Huong Linh Vu as vice president for marine cargo and logistics
Singapore-based Vu most recently held the position of underwriter at HDI Global.
-
- December 23 2025
Prism names first product leaders as new MGA begins underwriting
Luca Ronsisvalle and Jan von Kamp join the Singapore headquartered MGA, which was launched last week by former XL Catlin and Sirius Point executive Bobby Heerasing.
-
- December 22 2025
QBE Asia makes double leadership appointment within Singapore marine team
Kelly Lim and Alex Lim will report to Sebastian Tjornelund, who was recently appointed as head of marine for QBE Asia.
-
- December 18 2025
Convex, Efinity back new APAC MGA led by Bobby Heerasing
Heerasing joins forces with fellow industry veterans Jason Smith and Sergei Korol to launch Prism.
-
- November 14 2025
Marsh promotes Faizal Jumadi to senior vice president of cargo specialty in Asia
Singapore-based Jumadi joined Marsh from Aon in January 2022.
-
- September 16 2025
China Taiping Insurance appoints Bin-Hao Nah as marine cargo section head in Singapore
He joins from Howden, having also worked for Marsh McLennan, Aon, Newstate Stenhouse, and Beazley.
-
- September 11 2025
Cargo market urged to focus with entire landscape under threat as US tariffs ‘make everybody nervous’
Cargo committee chair Mike Brews delivered the warning on the final day of the International Union of Marine Insurance’s (IUMI) annual conference in Singapore.
-
- September 1 2025
Howden names Vladimir Ljubisavljevic as divisional director for marine, cargo & logistics practice
Singapore-based Ljubisavljevic joins from NorthStandard, where he was the offshore and renewables underwriting director.
-
- August 18 2025
Rising risks redefine marine insurer-clients relationships: IUMI’s Lars Lange
As the industry body prepares to host their annual conference in Singapore, sanctions and geopolitical risks continue to dominate concerns for carriers.
-
- August 11 2025
Howden brings on board Shipowners’ Hari Subramaniam in Asia marine leadership role
Singapore-based Subramaniam has been appointed chief commercial officer for marine, cargo and logistics Asia.
-
- August 11 2025
MSC Elsa 3 owner seeks to cap liability as Indian state government files US$1bn suit
The lawsuit by the owner of the container ship that sank off the India coast seeks to limit the amount of potential claims to US$14.2m citing the large number of claims already filed.
