Line of business: Marine Page 2 / 29
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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.
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- April 1 2026
Aon names Nazirah Taouk as regional director for marine Asia
She joins Aon after almost seven years at Marsh.
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- March 27 2026
Opinion: Will Asia be the ultimate beneficiary of Donald Trump’s Gulf maritime reinsurance plan?
Chubb has outlined the structure of the US$20bn facility, but owners may instead opt to bypass the Strait of Hormuz altogether.
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- March 26 2026
New Zealand’s Ando taps Mike Bodman as head of marine
He was previously based in Boston as AIG's vice president and east region manager.
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- March 25 2026
China P&I Club posts record renewal for 2026 policy year
Vessels include MV Adora Magic City, China’s first domestically built large cruise ship.
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- March 24 2026
‘This is not accurate’: LMA insists lack of war insurance cover not reason for limited Strait of Hormuz activity
US President Donald Trump extends his deadline for Iran to reopen the key waterway, saying the US would hold off on power plant strikes for five days.
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- March 23 2026
Insurers prevail in Singapore’s top court over US$56m oil rig claim
ArgoGlobal, China Taiping, Great American, MS First Capital and QBE successfully appealed against a Singapore High Court decision in favour of OCBC Bank.
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- March 23 2026
Berkley Insurance Asia names Kenneth Cheong as new head of marine
He replaces Ju-An Lee, who is shifting to the newly created role of senior advisory and talent development leader.
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- March 22 2026
Chubb reveals plans for US$20bn Strait of Hormuz reinsurance coverage
Initiative is a public-private partnership between the International Development Finance Corporation, Chubb and other name-brand American insurance companies that will act as reinsurers.
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- March 20 2026
HDI Global adds senior underwriting trio to Singapore team
HDI Global has prioritised the growth of its energy, marine and property businesses in Southeast Asia.
