Line of business: Marine Page 1 / 31
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- September 3 2026
Brent Mullan returns from two-year travel, study break to join Gallagher New Zealand as head of marine
He joins the broker after a two year break, having last been a partner with Howden in New Zealand.
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- August 31 2026
Search called off for MV Ocean Winner as survivors tell of ‘unforgettable’ night
Only two Chinese nationals were rescued from the 24-member crew after the Panama-flagged bulk carrier, entered with West P&I Club, sank earlier this month.
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- August 26 2026
‘Challenges are opportunities’: IUMI president-elect urges insurers to play a larger role in supporting maritime resilience
Sean Dalton also tells InsuranceAsia News about 'unknown unknowns', and says the assets the industry insures will grow in size, value and complexity.
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- August 25 2026
Jocelyn Lee joins Lockton as cargo and logistics assistant vice president in Singapore
She was most recently a marine underwriting manager at Starr in Thailand and Singapore.
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- August 24 2026
West P&I confirms MV Ocean Winner coverage, while H&M claim could top US$25m
Panama-flagged cargo vessel went off the tracking systems and lost communication about 290 nautical miles off India's coast on Friday.
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- August 24 2026
Saudi Arabia joins list of countries exploring state-backed insurance for marine war cover: report
Ministry of Finance is exploring creating a pool capable of offering up to US$186m in commercial marine risk cover per event.
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- August 24 2026
Typhoon Dolphin’s ‘salty’ cargo disruption bill only going one way as North Asian port congestion bites
With over 2.4m TEU of capacity stranded across Shanghai and Ningbo after three storms in five weeks, Otonomi CEO Yann Barbarroux says the compounding congestion is reshaping the risk calculus for cargo owners just as peak season approaches.
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- August 19 2026
Japan mulls state reinsurance for oil tankers as it braces for protracted Middle East turmoil
Government plans to introduce the new legislation during the autumn extraordinary session of the National Diet.
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- August 14 2026
Strait of Hormuz, Red Sea, Black Sea attacks force war underwriters to get ‘hands-on’ as market fragments
Underwriters are now pricing each voyage in real time - relying on intelligence, not just history, to navigate a fractured market shaped by proxy actors, terrorism, sanctions and cyber threats.
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- August 12 2026
P&I club duo cancel war risk cover across Indian Ocean, Gulf of Aden, Red Sea
Skuld and NorthStandard say vessels trading to, from, through, or within the affected waters will lose their war risk coverage from Sunday, with the cancellation applying to all fixed premium assureds.
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- August 11 2026
Jeong-Sook Kim joins UK P&I Club to steer South Korea presence
She is a qualified maritime lawyer who previously worked for Steamship Mutual for over a decade.
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- August 11 2026
Asia shipbuilding boom exposes new fault lines for insurers
A surge in newbuild orders is attracting fresh capacity and driving down rates, but concentrated Asian exposures, and increasingly complex risks tied to supply chains, alternative fuels and contractual delays are testing insurers’ appetite and accumulation controls.
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- August 10 2026
India’s sovereign-backed maritime pool sets sail, but major loss and accumulation risks await
War-risk premium rates have dropped 35-40% since the Bharat Maritime Insurance Pool launched in May, but industry sources caution pricing sustainability depends on how the pool handles major loss and accumulation events.
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- August 5 2026
Sean Dalton nominated as next IUMI president
He succeeds Frédéric Denèfle, who will complete his four-year term as president in September.
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- August 4 2026
Tysers Singapore appoints Prantika Sengupta as director for marine claims, client relations
She is responsible for enhancing the firm’s claims offering, working under chairman of claims Chris Sydenham to support clients across the marine portfolio.
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- July 31 2026
Envest-owned Epsilon Underwriting acquires marine specialist RedSky Insurance
Integration brings together RedSky’s expertise in cargo, stock throughput, commercial hull and marine liabilities with Epsilon’s broader underwriting platform and national reach in Australia.
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- July 31 2026
S&P Global elevates Japan P&I outlook to positive, cites capital strength despite scale constraints
Rating agency notes club's business profile will remain more modest in scale and diversification compared to some of its peers.
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- July 30 2026
Indian marine pool issues first P&I policy
Policy provides financial protection against third-party liabilities including crew and cargo liability, pollution liability, and wreck removal, with an indemnity limit of up to US$1.5bn through the combined capacity of the pool.
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- July 29 2026
P&I clubs face painful renewals as soaring Baltimore bridge liability costs leave some with difficult decisions to make
Cost of the MV Dali's collision with the Francis Scott Key Bridge in Baltimore in March 2024 is threatening the limits of the International Group (IG) of P&I Club’s reinsurance program and its Hydra captive.
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- July 27 2026
AIG’s Ying Ying Lee returns to Berjaya Sompo as head of marine, aviation
Kuala Lumpur-based Lee rejoins the insurer following 15 years at AIG, where she was head of department for specialty since April 2011 and APAC lead for marine liability since July 2020.
