Line of business: Marine Page 15 / 19
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- July 30 2021
Global supply chain woes to keep pressure on cargo premiums
Delays are becoming more costly but can’t be insured at affordable prices.
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- July 20 2021
Typhoons threaten agriculture in three China provinces
Ministry of Agriculture urges insurers to settle any claims promptly amid uncertainty over landfall.
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- July 15 2021
APAC marine, aviation, transit premiums to hit US$14.5bn by 2025
GlobalData report says several insurers have withdrawn from the market after "years of unsustainable losses".
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- July 14 2021
X-Press Pearl’s owners pay initial US$3.6m claim
Sri Lanka's government is looking for US$40m to compensate for environmental damage.
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- July 6 2021
Ever Given to set sail as parties agree claim payout
Payout set to be far less than the original demand of US$900m.
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- June 21 2021
Asia marine market braces for X-Press Pearl ‘total loss’
The focus is now on wreck removal and containing the environmental damage.
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- June 7 2021
Ever Given compensation being reassessed by Egypt authority
The Suez Canal Authority has revised its initial US$900m demand.
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- May 27 2021
X-Press Pearl fire to see ‘significant’ cargo, salvage claims
Insurers face claims in the tens of millions of US dollars.
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- May 14 2021
Thailand’s marine losses higher despite Asia trade slowdown
Overall losses for hull and cargo combined increased 10.3% in 2020.
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- May 11 2021
Q&A: Canopius’ Mark Newman on environmental risk and ILS
The APAC chief executive also discussed the impact of Covid-19 on the Lloyd’s market in Asia.
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- May 6 2021
Q&A: FM Global’s Tan Hian Hong talks recovery and resilience
The Singapore-based VP also discussed loss prevention in a post-pandemic world.
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- April 16 2021
Singapore’s marine entrants can capitalise on hard market: Gallagher
MGAs are growing in popularity amid recent marine exits from the Lion City.
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- April 14 2021
Suez Canal Authority seizes Ever Given, demands US$900m
The ship's liability insurer, the UK P&I Club, has disputed the "extraordinarily large claim".
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- April 8 2021
Axa XL taps Asia marine head for global role
Singapore-based Sundeep Khera moves to London after being appointed global head of hull and head of marine UK & Lloyd’s market.
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- April 2 2021
Ever Given: uncertainty reigns over losses
Legal disputes could be at the heart of any claims payout.
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- March 31 2021
Ever Given claims to run into ‘hundreds of millions’
A claim may be advanced by the Suez Canal Authority against the owner, an expert tells IAN.
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- March 30 2021
Navigating marine risks as more containers lost at sea
Today, the largest containership in the world has a capacity of 24,000 TEU.
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- March 26 2021
Container ship stuck in Suez Canal to trigger ‘large losses’
Insurers could be on the hook for salvage bill and liability claims from the stricken Ever Given, experts tell IAN.
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- March 19 2021
HK start-up Azure targets freight amid trade recovery
Anmol Sawlani leads the new broker as Hong Kong introduces tax breaks for the marine sector.
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- March 2 2021
Myanmar cargo rates unchanged despite protests: source
An Asia-based marine broker told IAN that Lloyd's is unlikely to designate the country as a listed area.
