Line of business: Marine Page 14 / 23
-
- July 17 2023
Japan to offer trade credit insurance for LNG shipments
State-owned Nippon Export and Investment Insurance will cover lenders against political risks, including war, natural disasters, transfer/convertibility restrictions, and commercial risks.
-
- July 5 2023
West P&I Club makes six promotions in Asia Pacific
The club has named Singapore-based Eugene Cheng as senior claims manager, Pearl Chan as senior claims handler in Hong Kong, along with four others elevated in the claims and underwriting teams.
-
- June 9 2023
BHSI promotes Dimitry Zilberud to head of marine – retail, Australasia and US
Zilberud was most recently Berkshire Hathaway Specialty Insurance's head of marine, Australasia.
-
- May 24 2023
Adva launches US$150m per cover marine war risk facility in Asia
The facility aims to ‘plug the gap’ in coverage for voyages to and from designated war risks exclusion zones.
-
- May 12 2023
Skuld posts US$122m premium income from Asia
The P&I club, which generated 26% of premiums from Asia, improved its combined ratio to 97% in FY 2022/3 from 107% in the year before.
-
- May 11 2023
PI specialist ITIC targets Hong Kong and Singapore for regional expansion
The carrier is moving away from marine to aviation and offshore energy, Robert Hodge, head of South-East Asia, tells IAN.
-
- May 2 2023
Berkley bolsters Korean desk with senior marine underwriter from UIB
Hans Hwang joins the team as marine underwriting manager in Singapore.
-
- May 2 2023
Pressure mounts on Japan to provide long-term solution for marine risks
While the dispensation for insuring imports from Russia's Sakhalin project remains in place, the future remains uncertain.
-
- April 26 2023
Philippines oil spill damages hit US$68m: NDRRMC
The sinking of MT Princess Empress in Oriental Mindoro has directly affected 24,000 fishermen and a total of 40,897 families, says the country's disaster management agency.
-
- April 19 2023
NorthStandard opens Asia headquarters in Singapore after merger
The new consolidated office will be led by David Roberts, now head of Asia Pacific, and James Moran, chief operating officer and head of P&I claims for the region.
-
- April 17 2023
Canopius continues Australia build out with marine underwriter hire
The (re)insurer has appointed David Hoffman in its Sydney office to oversee its local marine offering.
-
- April 17 2023
Shipowners’ Club insures Singapore ship likely taken over by pirates
The ship, Success 9, has since been located off the Ivory Coast with all crew safe.
-
- April 11 2023
Charles Taylor ties up with Korean loss adjuster
CTA works with a network of loss adjusting businesses around the world to offer its clients services where it does not have a regional presence.
-
- April 10 2023
Nexus completes majority buyout of Spectrum Risk
Spectrum's presence within the MENA and Asia Pacific market fits with Nexus Underwriting's wider portfolio.
-
- April 5 2023
Philippines’ oil spill expected to exceed Shipowners’ civil liability limit
Compensation from the oil spill is expected to exceed US$10m, meaning all P&I clubs could be on the hook, with decisions made on a case-by-case basis.
-
- April 5 2023
Chubb launches Philippines marine operations
The insurer has appointed marine underwriter Jeanette Cebeda to lead the new team.
-
- March 31 2023
Swedish Club hires Thorbjorn Emanuelsson as director underwriting for Hong Kong
The appointment of Emanuelsson, who joins the P&I club from Gard, follows the recent promotion of Lars A Malm to managing director of the SAR office.
-
- March 23 2023
Japanese shipper seeks sovereign guarantee for war-risk vessels: report
NYK Line has asked the government to consider offering support similar to a 2012 bill that benefited tanker owners transporting Iranian oil amid European Union sanctions.
-
- March 22 2023
Further correction to Asia marine likely to be elusive
The market is still under-priced but rate increases lag behind the European and US markets.
-
- March 17 2023
Axa XL strengthens Asia marine team with two senior level promotions
The insurer has named Itono Hakim as head of marine hull and aviation and Woei Chi Tan as hull practice leader for the region.
