Line of business: Marine Page 1 / 29
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- July 3 2026
Lockton taps Alberto Ferriolo as Asia regional growth leader for marine, transportation
He joins from Miller in Singapore, and reports to Sung Wook Han, Lockton’s head of Asia marine and transportation.
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- July 2 2026
Markel hires Sjoerd A. Blomsma for new marine risk engineering role
Based in Singapore for the newly created specialist role, he reports to Wanshi Lin.
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- June 29 2026
Global property catastrophe rates fall to minus 16% at 1.7 renewals: Guy Carpenter
Guy Carpenter says the competitive pricing environment 'continued to prevail' during the midyear renewals, which include Australia and New Zealand.
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- June 28 2026
Hull war rates more than halve after US-Iran ceasefire: report
Premiums for vessels crossing the Strait of Hormuz more than halved from 5% to 2% of ship value in the past week.
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- June 24 2026
Middle East conflict heralds ‘new maritime order’ for shipping: Allianz Commercial
More than 1,150 cargo carrying vessels, with an estimated vessel and cargo value of around US$125bn, and over 20,000 seafarers, remain stuck in the Persian Gulf waiting to resume operations.
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- June 22 2026
QBE appoints Callum O’Brien as head of P&I for Asia
He succeeds Sebastian Tjornelund, who was promoted to Asia head of marine underwriting in December.
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- June 19 2026
Lloyd’s launches Chubb-backed marine war risk consortium for Strait of Hormuz
It will provide up to US$200m of capacity separately for hull and P&I risks, with an additional US$200m of dedicated cargo capacity.
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- June 18 2026
LMA welcomes US-Iran deal, but warns of ‘long, complicated’ shipping recovery, as insurer urges caution
Lloyd’s Market Association (LMA) says certain practical steps are required, while Charlie Zheng, co-head of marine for greater China at Markel, says the threat environment will take time to normalise.
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- June 17 2026
Underwriters far from returning to pre-war war risk pricing even as US-Iran deal looms, brokers say
Marine war rates are likely to remain around 1% for the next week or so, with a possible drop to the 0.8%–0.6% range in the subsequent week should there be genuine and sustained signs of de-escalation.
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- June 5 2026
Korea P&I Club’s rating outlook revised as reinsurance enhancements reduce volatility: AM Best
Rating agency has revised the outlook to stable from negative and affirmed the financial strength rating of B++ (Good) and the long‑term ICR of bbb+ (Good) of the club.
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- June 3 2026
Cargo parametric insurer charts route to US$68bn protection gap with ‘new shiny object’
Founder and CEO Yann Barbarroux tells InsuranceAsia News’ Between the Lines podcast that Otonomi is scaling up its cargo-delay cover on rising demand from brokers, freight forwarders, and shipping lines.
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- May 29 2026
PVT losses from Middle East conflict hit US$3bn, twice Ukraine war claims: Howden Re
Broader reinsurance market is still capable of absorbing the shock and keeping downward pressure on non-loss-affected programs.
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- May 29 2026
Opinion: ‘No war, no problem’: Asia losing patience with marine market over Strait of Hormuz war cover
South Korea’s intervention of low-rate war-risk marine insurance highlights the reality of high premiums as the conflict between the US and Iran heads into a third month.
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- May 28 2026
Niyam Group appoints Ruchi Sheth as director for marine, energy
She has over two decades of experience in general insurance, and was most recently vice president for marine insurance at Tata AIG General Insurance.
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- May 22 2026
South Korea to offer US$200m war-risk cover for small shippers in Strait of Hormuz
Financial Services Commission will also explore the creation of a reinsurance program to extend coverage to larger vessels with significant economic impact.
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- May 17 2026
Donald Trump’s US$40bn Hormuz insurance scheme non-starter due to lack of US naval escorts: report
Scheme failed to launch because it did not meet required conditions and depended on a US naval escort that has not materialised, the Financial Times reported.
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- May 15 2026
‘Extremely unpredictable’: Marsh, Aon warn of critical risk, tighter terms for Strait of Hormuz transits
Escalating clashes in the key waterway have forced insurers to radically reduce deployment and recalibrate pricing in near real-time, industry insiders say.
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- May 13 2026
India launches US$1.5bn maritime insurance pool, issues first war risk policies
GIC-administered Bharat Maritime Insurance Pool provides H&M, cargo, P&I, and war-risk cover for Indian-flagged or controlled vessels and voyages to or from India.
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- May 10 2026
Logistics giant DP World launches cargo war risk coverage for Middle East trade
End-to-end solution, backed by A-rated insurers, offers protection at a 'significantly more competitive' pricing than standard war risk premiums, the company said.
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- May 4 2026
US Navy escorts, securing terms key to insuring Strait of Hormuz transits: Berkshire’s Ajit Jain
US President Donald Trump says the US will launch an effort on Monday to 'guide' stranded vessels through the key waterway.
