Line of business: Marine Page 2 / 28
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- March 12 2026
Iran conflict heightens specialty insurance tail risks: Moody’s
Beyond marine and aviation, PVT and SRCC coverage carries uncertainty, but insurers are enjoying strong demand and rate hikes, the rating agency said.
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- March 12 2026
Questions mount over Trump’s touted US$20bn war facility for Gulf shipping
The extent of involvement from the international marine (re)insurance market is also unclear, given that the US agency said it will work ‘with preferred American insurance partners’.
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- March 11 2026
West P&I strengthens Korean presence with new consultancy agreement
WIK Marine Consultant's director S. R. Kim has been appointed as West P&I’s representative in South Korea.
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- March 11 2026
Hong Kong challenges global markets with lower marine war-risk premiums amid Middle East tensions
The Hong Kong marine war risk pool, offering up to US$130m limit per policy, now covers 10 mainland Chinese ships sailing in the Gulf, the Hong Kong Insurance Authority said.
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- March 10 2026
P&I renewals on an even keel as lower claims, higher returns soften stance
- Analysis
- Insurers
- Global
- P&I
- Renewals
- American P&I Club
- International Group of P&I Clubs
- London P&I
- NorthStandard P&I Club
- Skuld
Despite early fears of hardening conditions following a surge in pool claims, the 2026-27 renewals closed on a notably pragmatic tone prior to the outbreak of the war in Iran.
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- March 8 2026
US DFC unveils US$20bn maritime reinsurance facility for Gulf trade
US International Development Finance Corporation, along with American insurers, will offer revolving cover with a focus on hull and machinery and cargo to start.
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- March 6 2026
War cover for Gulf and Red Sea available on single-voyage basis amid fluid risks: IUMI
In the current fast-paced situation, insurers will regularly re-examine their ability and willingness to provide that provide cover.
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- March 4 2026
Iran conflict puts US$3.5bn in insurance liabilities at risk across MENA: Russell
Specialty risk intelligence firm estimates liabilities of US$1.9bn for finance, insurance and real estate, and US$1.6bn for manufacturing.
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- March 4 2026
Donald Trump pledges insurance for vessels in Strait of Hormuz
US International Development Finance Corporation would offer insurance 'at a very reasonable price' to help ensure the flow of energy and other commercial trade, US president says.
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- March 3 2026
Warning of 50% spike in marine war risk premiums as Iran conflict intensifies
With US$500bn in energy trade at a standstill, proportionality and caution are the watchwords for the marine market as it braces for a prolonged crisis.
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- March 2 2026
US-Israeli strikes on Iran force marine war market repricing amid elevated geopolitical risks: Aon’s Stephen Rudman
While there is no systemic withdrawal of capacity, underwriters have cancelled certain hull war policies and are offering reinstatement of cover at materially increased rates, the broker's head of marine in Asia says.
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- March 1 2026
War risk insurers cancel covers, raise prices for ships in Gulf and Strait of Hormuz: report
Insurance rates could rise by as much as 50% following Iran's retaliatory stirkes against US-Israel, meanwhile, cargo war-risk insurers are also preparing to issue cancellation notices on Monday.
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- February 25 2026
UK government sanctions Maritime Mutual New Zealand over alleged Russia links
UK says there were 'reasonable grounds to suspect' the firm had benefited from or supported the Russian government by operating in a strategic industry.
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- February 25 2026
P&I clubs drop anchor on rate increases amid strong retentions
Gard, West P&I, The Swedish Club, NorthStandard, and Skuld reflect on the 2026 protection and indemnity (P&I) renewals season.
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- February 24 2026
The ultimate safety net: high risk confusion creating piracy cover concerns, CFC’s Alexander Beaton says
Incidents reported on vessels rose from 117 in 2024 to 137 in the 12 months to December, with the Singapore Strait reporting the highest number at 80.
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- February 23 2026
NorthStandard veteran David Roberts takes helm as Britannia’s Asia head
Singapore-based Roberts will have responsibility for the P&I club's regional hub offices in Asia and servicing members throughout the region.
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- February 23 2026
Naleena Moore to lead Axa XL’s Singapore marine cargo team
She has been with Axa XL in Singapore for over a decade.
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- February 20 2026
Gallagher appoints Jojo Su as senior broker for marine in Singapore
She joins from WTW, where she was a lead associate for large and complex risk and the risk management team since June 2024.
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- February 20 2026
India weighs extension for 4 Russian P&I insurers covering oil shipments
Licences of Soglasie Insurance, Ugoria Insurance Group, Sberbank Insurance and ASTK Insurance are up for renewal on Friday.
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- February 12 2026
‘Positive and progressing well’: P&I renewals slow and steady amid moderate increases, member loyalty
Skuld, Shipowners' Club, Steamship Mutual, Britannia P&I Club and West P&I speak to InsuranceAsia News ahead of the 2026 renewals.
