Line of business: Marine Page 1 / 26
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- March 4 2026
Iran conflict puts US$3.5bn in insurance liabilities at risk across MENA: Russell
Specialty risk intelligence firm estimates liabilities of US$1.9bn for finance, insurance and real estate, and US$1.6bn for manufacturing.
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- March 4 2026
Donald Trump pledges insurance for vessels in Strait of Hormuz
US International Development Finance Corporation would offer insurance 'at a very reasonable price' to help ensure the flow of energy and other commercial trade, US president says.
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- 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.
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- 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.
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- 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.
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- February 25 2026
UK government sanctions Maritime Mutual New Zealand over alleged Russia links
UK says there were 'reasonable grounds to suspect' the firm had benefited from or supported the Russian government by operating in a strategic industry.
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- February 25 2026
P&I clubs drop anchor on rate increases amid strong retentions
Gard, West P&I, The Swedish Club, NorthStandard, and Skuld reflect on the 2026 protection and indemnity (P&I) renewals season.
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- February 24 2026
The ultimate safety net: high risk confusion creating piracy cover concerns, CFC’s Alexander Beaton says
Incidents reported on vessels rose from 117 in 2024 to 137 in the 12 months to December, with the Singapore Strait reporting the highest number at 80.
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- February 23 2026
NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
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- 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.
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- February 20 2026
Gallagher appoints Jojo Su as senior broker for marine in Singapore
She joins from WTW, where she was a lead associate for large and complex risk and the risk management team since June 2024.
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- February 20 2026
India weighs extension for 4 Russian P&I insurers covering oil shipments
Licences of Soglasie Insurance, Ugoria Insurance Group, Sberbank Insurance and ASTK Insurance are up for renewal on Friday.
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- February 12 2026
‘Positive and progressing well’: P&I renewals slow and steady amid moderate increases, member loyalty
Skuld, Shipowners' Club, Steamship Mutual, Britannia P&I Club and West P&I speak to InsuranceAsia News ahead of the 2026 renewals.
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- February 11 2026
Sedgwick lands Chad Cillie as marine surveyor
He has over 18 years specialising in pleasure, fishing, and commercial vessels.
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- February 10 2026
Price Forbes elevates Alex Gray to executive director for marine, credit, political risk
Singapore-based Grey was previously head of marine since joining the broker in November 2024.
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- February 9 2026
Malaysia’s Lonpac Insurance appoints Jacqueline Chan as head of marine
She joins from QBE, where she spent five years as the head of marine.
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- 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.
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- January 28 2026
Steamship Mutual creates registered foreign lawyer office in Japan
Office reflects the P&I club's 'long-standing commitment' to the Japanese market, according to Steamship Mutual.
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- January 26 2026
Aon onboards Penny Chua as head of marine claims advocacy for Asia
Singapore-based Chua joins from Liberty Specialty Markets, where she was marine claims manager for Asia.
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- January 13 2026
Demand for marine war cover ‘on the radar’ despite pricing pressure
China’s war games and Donald Trump’s recent move in Venezuela and comments on Greenland suggest an uptick in enquiries for specialty insurance will persist in Asia in 2026.
