Line of business: Marine Page 22 / 23
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- July 20 2018
Shipping losses in Asia buck global trends, continue to rise
Incidents in the South China, Indochina, Indonesia and Philippine maritime region rose by 25% in the past year.
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- April 20 2018
Markel expands Singapore marine underwriting team
Lin Wanshi joins as assistant marine underwriter from Marsh.
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- February 8 2018
XL Catlin names new global hull head
Mike MacColl takes over the position from Mike Talbot, who is retiring after a career spanning 50 years.
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- January 19 2018
Counting the cost of Iranian tanker spill
Insurers are preparing to pay claims on the Sanchi, which sank last weekend after burning for eight days.
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- November 28 2017
Autonomous ships may be uninsurable
Marine executives around the world have expressed concern that insurance may not be available for unmanned ships.
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- November 21 2017
New shipowners’ insurance launched in Hong Kong
The Hong Kong China War Risk Syndicate covers marine hulls for acts of war, piracy and other potential dangers.
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- November 9 2017
Starr remains committed to Singapore market
The reassurance comes after decision to stop underwriting new business through its Lloyds Syndicate 1919.
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- November 7 2017
Zurich makes new property and energy appointments
The insurer continues to expand its commercial insurance hub in Singapore with new senior regional appointments.
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- September 14 2017
Singapore bond issuers urged to take up insurance
Such policies would pay for the costs of calling for meetings and legal and financial advisory fees.
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- September 7 2017
Blockchain platform launched for marine sector
EY and Guardtime have launched the world’s first blockchain platform for the marine insurance sector.
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- August 25 2017
Troubled waters
More than a quarter of shipping losses during 2016 occurred in the Asian maritime region.
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- July 24 2017
Great American boosts Singapore management
The company has hired three new senior executives, according to a statement.
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- April 27 2017
Lloyd’s collaborates with marine groups in Singapore
The collaboration aims to enhance understanding of the insurance sector in marine industry.
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- January 25 2017
New ILO rules make seafarers’ insurance mandatory
Ship owners are now required to have insurance to cover claims for death or long-term disability.
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- September 21 2016
Global marine insurance premiums down
Global underwriting premiums dropped 10.5% in 2015 to US$29.9 billion, says marine insurance union.
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- September 6 2016
Chubb launches marine service solutions in China
The launch is anchored on meeting the needs of importers, exporters and transport operators.
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- June 16 2016
Aspen offers piracy cover for South-East Asia
An increase in the number of incidents has prompted the launch of piracy and marine hijack cover tailored for the region.
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- May 13 2016
Tokio Marine raises stake in Vietnamese JV
The Japanese insurer is raising its stake in Bao Viet Tokio Marine Insurance to 51% from 49%.
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- April 11 2016
One Belt One Road spurs marine insurance demand
Zurich has predicted a rise in demand after the initiative raises the number of overseas projects.
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- February 8 2016
Group says insured losses in Tianjin blast likely to near US$6bn
International Union of Marine Insurers (IUMI) sees losses as largest in marine history.
