Line of business: Marine Page 2 / 25
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- November 26 2025
Japan P&I announces 5% premium hike for 2026 renewal amid geopolitical tensions, inflationary pressure
Increase applies for owners’ and charterers’ entries, while rates for Japanese coastal vessels will increase by 10% and FD&D will also see a rise of 5%.
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- November 25 2025
Singapore must be ‘go-to-place’ for Asian clients, WTW Asia cargo head Oliver Scarr says
Facing increasing competition from London market, the hub needs to provide solutions to complex and challenging marine risks as accounts migrate.
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- November 21 2025
Swedish Club announces 5% general increase for 2026-27 policy year
Hike would apply to P&I and freight, demurrage and defence (FD&D) policies.
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- November 20 2025
Hong Kong launches marine war risk insurance pool
Initiative, announced by chief executive John Lee earlier this year, is managed by Alliance Risk Transfer and its founding members include China Taiping, PICC, CMB Wing Lung, CPIC and Asia Insurance.
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- November 18 2025
Allianz Commercial, Coastal Marine team up for APAC marine hull coverage
Partnership will initially focus on Coastal Marine's core offering of hull and machinery for coastal and inland tonnage in Indonesia, Singapore, Malaysia, Thailand, and Hong Kong.
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- November 18 2025
China P&I Club launches local Hong Kong mutual
Hong Kong P&I Club will strengthen the territory's position as a 'leading hub for marine insurance.'
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- November 18 2025
NorthStandard takes prudent position on P&I premiums with modest renewal increase
NorthStandard projects premium income of US$930m for 2025-26 against US$886m in the previous year.
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- November 14 2025
Marsh promotes Faizal Jumadi to senior vice president of cargo specialty in Asia
Singapore-based Jumadi joined Marsh from Aon in January 2022.
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- November 12 2025
Bale Gao joins Lockton as vice president for marine, specialty, and reinsurance
Hong Kong-based Gao joins from WTW, having spent just over three years as a marine manager.
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- November 7 2025
‘Concerning’ lack of adequate P&I premiums ahead of renewal, Skuld says
Board has asked Skuld to secure an overall adjustment of 7.5% on premium rates to ensure the continuous strong financial stability at the upcoming renewal, according to president and CEO Ståle Hansen.
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- November 6 2025
Howden launches Japan marine insurance services, names Koji Aragane as director
Aragane recently spent just over five years as CEO of Steamship Mutual's Japan branch.
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- November 4 2025
NorthStandard promotes Jack Marriott-Smalley to APAC underwriting head
He most recently served as the head of Southeast Asia Pacific, holding the position since September 2023.
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- October 30 2025
Rokstone sets sail for marine growth in Asia amid regional expansion
Two weeks into the operation, the marine specialty MGA in Singapore has already started binding policies, managing director Rama Chandran told InsuranceAsia News' Between the Lines podcast.
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- October 29 2025
Kiwi P&I specialist Maritime Mutual accused of providing coverage to sanctioned oil: reports
Carrier denies breach amidst investigations over allegation of facilitating tens of billions of dollars of Iranian and Russian energy products since sanctions.
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- October 28 2025
Cargo insurers brace for distortion of established shipping patterns amid US-China trade war
Recent escalation following Chinese port fees could bring volatility, accumulation risks, political as well as contractual uncertainty and require commercial adjustments, underwriters say.
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- October 27 2025
Russian stranded assets now viewed as US$10bn market loss
The bulk of the loss is also likely to be absorbed not by the aviation war market, as originally thought, but actually by the marine market.
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- October 23 2025
London P&I Club opens representative office in Shanghai
The new office in Mainland China is led by Wenjia Gao and reflects the club's long term commitment to Asia, according to chairman John Lyras.
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- October 21 2025
NorthStandard elevates Michael Hustler as head of Asia Pacific
Singapore-based Hustler succeeds David Roberts, who will leave the club in February 2026.
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- October 16 2025
Charles Taylor expands marine technical footprint in India, Qatar with Soteria associateship
This collaboration is in addition to the existing associate, SKAAD Insurance Surveyors & Loss Assessors in India.
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- October 14 2025
Marine insurance rates may rise following Sri Lanka’s US$1bn plastic spill ruling: report
A cargo ship owned by Singapore’s X-Press Feeders, insured by London P&I Club, spilt tens of billions of petrochemical pellets and burnt plastic, oil and chemicals into the ocean off Colombo in 2021.
