Line of business: Marine Page 1 / 28
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- April 28 2026
Baltimore bridge loss reserve hits US$2.8bn, topping Costa Concordia; Q2 marine reserving at risk
US State of Maryland settles with MV Dali's owner and operator but not shipbuilder Hyundai, as the bridge collapse loss estimate rises to the largest marine insured loss ever.
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- April 28 2026
Zurich hires Axa XL’s Marcus Seow as senior marine underwriter
He spent nearly 14 years at Axa XL as senior underwriter for marine cargo.
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- April 22 2026
General average declared after Singapore containership fire
UK-flagged Ever Lenient, which is owned and operated by Taiwan's Evergreen Marine Corporation, caught fire while docked at the Port of Singapore on April 10.
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- April 21 2026
Hong Kong marine war risk pool seeks local capacity retention to wean off overseas markets, secure hub status
Alliance Risk Transfer's Charles Chow and Yan Jun tell InsuranceAsia News the Hong Kong marine war risk pool aims to keep premiums local, cut reliance on London, and secure global hub status.
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- April 20 2026
India expands list of Russian P&I insurers: report
Gazprom Insurance, Rosgosstrakh Insurance, and Balance Insurance have been added to the list of Russian marine insurers permitted to offer coverage for ships calling at India's ports.
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- April 19 2026
India approves marine insurance pool with US$1.4bn sovereign backing
Bharat Maritime Insurance Pool will provide 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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- April 17 2026
Scope of war risk cover must be considered as claims expand beyond high-risk zones: London P&I Club
Senior underwriter Ben McKeith says not enough owners are considering long-term war risk cover plans as part of their management strategy, as claims have increased in non-high risk zones, such as the Mediterranean and Black Sea.
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- April 16 2026
Geopolitics, cyber threats, climate perils test Asian marine insurers: QBE
Marine insurers in Asia face rising risks from extreme weather, cyber threats, geopolitical tensions, and manpower shortages, according to a new QBE report.
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- April 16 2026
Cyber risks more than an IT issue for marine insurers, even as Strait of Hormuz rates remain ‘prohibitive’
Cyber risks have evolved from an IT issue into a physical threat for marine insurers, yet remain caught in a coverage gap as Strait of Hormuz rates stay 'prohibitive', Lockton's regional marine heads Sung Wook Han and Derek Shum tell InsuranceAsia News.
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- April 14 2026
Korean Re weighs coverage for shippers rerouting around war-hit Strait of Hormuz
Some shippers are reportedly planning to send follow-up ships to offload cargo from vessels and then carry it via alternative routes.
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- April 13 2026
India firms up plans for GIC Re-led US$100m marine war risk pool
Bharat Marine Pool will be led by state-owned reinsurer GIC Re and New India Assurance.
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- April 10 2026
Insurers face complex, fast-moving risk landscape as fragile ceasefire throws Strait of Hormuz into turmoil
Iran says vessels that attempt to transit the key waterway without permission 'will be destroyed' despite the US announcing a two-week ceasefire.
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- April 9 2026
Strait back to business? Ceasefire positive signal, but brokers expect gradual process for Hormuz rates, traffic
US President Donald Trump announces a two-week ceasefire between the US and Iran, if shipping is allowed to move through the crucial Strait of Hormuz, although brokers remain sceptical.
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- April 8 2026
India eyes US$1.8bn sovereign guarantees to back Persian Gulf vessel insurance
Plan would reduce dependence on overseas reinsurance.
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- April 8 2026
Cleared for takeoff: war rates remain stable as airlines seek new routes
A month into the Iran conflict, the US has also doubled its commitment to provide reinsurance guarantees to ships willing to travel through the Strait of Hormuz to US$40bn.
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- April 3 2026
Strait of Hormuz reinsurance coverage upped to US$40bn
Travelers, Liberty Mutual Insurance, Berkshire Hathaway, AIG, Starr, and CNA join the US International Development Finance Corporation (DFC) and Chubb to provide reinsurance for ships.
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- April 2 2026
Canopius boosts APAC energy, construction and marine teams with triple promotion
Johnny Kim has been promoted to APAC and MENA head natural resources and construction, Meiding He to APAC head of marine hull, and Sharon Tan to underwriter for energy and construction.
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- April 2 2026
Steamship elevates Eric Wu as greater China managing director
Hong Kong-based Wu was most recently director and head of underwriting eastern syndicate for the P&I club.
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- April 2 2026
Rokstone adds Jackie Lan to Singapore marine team
He joins after 11 years at QBE Insurance.
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- April 1 2026
Aon hands Nick Chapman expanded marine risk engineering lead role in Asia
Change extends his responsibilities beyond cargo and logistics, according to a LinkedIn update from regional head Stephen Rudman.
