Line of business: Marine Page 26 / 29
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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.
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- February 25 2021
Hong Kong targets captives, specialty and ILS in budget
Finance chief Paul Chan has outlined tax breaks and plans to expand the captive market.
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- February 1 2021
Hong Kong’s marine sector looks to escape doldrums
Experts tell IAN that a long-awaited tax break and other reforms can transform the city into a maritime insurance hub.
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- January 29 2021
Philip Chan joins The Hartford in Hong Kong
The former Axa XL Greater China head left the specialty player in 2019.
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- January 21 2021
Asia piracy hits five-year high but war rates ‘stable’
Standard Club tells IAN that claims have been relatively low and the region's risk profile remains unchanged.
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- January 13 2021
Insurtech Concirrus hires marine duo for Asia push
The data and tech firm is looking to capitalise on a hardening market.
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- January 11 2021
MSIG Hong Kong hires new marine manager
Cindy Pang previously held cargo and BD roles with Marsh and Tokio Marine.
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- December 14 2020
One Apus container loss to top US$200m
The Japanese-owned vessel lost over 1,800 boxes in the North Pacific in late November.
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- November 20 2020
Tysers hires former Swiss Re and Aon Re execs for APAC push
Jane Smart and Cameron Nicholas will be based in the broker's London office.
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- October 7 2020
Beirut port market loss estimate climbs to US$7.5bn: ACAL
Figure from the Association of Insurance Companies in Lebanon is double previous amount.
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- August 24 2020
Navigating marine risks after Mauritius’ oil spill
The market has faced sustained challenges for years with rising losses and busier seas.
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- August 13 2020
AGCS’ Patrick Zeng: Asia will be “largest corporate market”
HK and Greater China CEO on increased regional exposures and digital connectivity.
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- August 12 2020
Japan P&I “investigating” Mauritius oil spill: report
There has been damage to the ship and environmental contamination.
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- August 11 2020
Beirut’s hull, cargo and port losses within US$250m: GC
Guy Carpenter's initial analysis suggests there will be an impact on the global market.
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- July 24 2020
People Round-up: BMS, Markel, SBI General
Markel's Wanshi Lin to become a hull and war underwriter in its marine division.
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- July 17 2020
Asia marine lines face Covid losses
The region accounted for the biggest share of losses during 2019.
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- July 17 2020
Hong Kong passes bill to reduce insurers’ profit tax
The Insurance Authority says the changes will fortify the city's competitiveness.
