Line of business: Marine Page 4 / 25
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- July 31 2025
IG P&I tightens restrictions on Russian oil shipments as EU, UK reduce price cap
Sanctions include ban on 105 'shadow fleet' vessels and asset freezes on new entities, including Indian refinery Nayara Energy.
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- July 29 2025
Japan P&I to sustain strong capitalisation, operating performance: S&P Global
Global rating agency on Tuesday upgraded its insurer rating to BBB+ from BBB with a stable outlook.
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- July 28 2025
FreightInsure expands embedded insurance to New Zealand
Service, backed by global insurer HDI Global Specialty SE, enables shippers to attach micro-policies of up to US$59,000 per consignment during the booking process.
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- July 23 2025
Japan P&I Club posts 69.2% combined ratio in FY24
Club said its financial year, which ended March 2025 was characterised by a 'noticeable increase in large claims' such as the Baltimore Bridge collapse.
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- July 22 2025
‘In a more global fashion’: MSIG Specialty Marine targets Asia P&I growth, Singapore underwriting launch
CEO Tom Oostra tells InsuranceAsia News' Between The Lines podcast that the region is getting stronger and stronger and is becoming a more important part of the global market despite a range of challenges facing the marine industry.
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- July 17 2025
Asian clients, suppliers facing choppy waters with cargo market braced to navigate intensifying geopolitical risks
Markel's Brook Styles and Wanshi Lin discuss the impact of the conflicts in the Middle East, plus the Russia–Ukraine war and the US tariff regime.
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- July 14 2025
Miller launches South Korea marine practice after Marsh team raid
KyungSeop (KS) Shim will lead the new team as head of specialty, and is joined by Justin Roh, Hana Jung, and Jayce Park.
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- July 11 2025
War risk premiums up ‘substantially’ after deadly Houthi attacks, Skuld says
War risk premiums have risen to about 0.7% of the value of a ship from 0.3% last week, according to a report by Reuters.
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- July 8 2025
India mandates Ace Insurance Brokers to study feasibility of local P&I club setup: report
The move comes two years after finance ministry flagged the need for establishing a full-fledged, India-owned P&I entity.
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- July 8 2025
Cambiaso Risso expands to Hong Kong, eyes Philippines entry
Italian marine broker's new office in the SAR will be led by Swedish Club's Lars Malm and service the greater China region.
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- July 7 2025
Swedish Club appoints Julia Ju as chief executive of Hong Kong branch as Lars Malm departs
The P&I club has also appointed Jason Wu as regional director for underwriting in greater China.
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- July 3 2025
XL Insurance Company SE appoints Australian MGA Quay Marine Insurance as coverholder
Quay Marine can now underwrite commercial hull, marine liability, and cargo risks on behalf of XLICSE, which is part of Axa XL.
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- July 2 2025
Tysers takes Marsh’s Graham Gordon as marine divisional director in Singapore
Gordon will report to the AUB-owned specialist broker's APAC head of marine, William Furness-Smith.
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- June 30 2025
Generali promotes Jonathan Wong to GC&C Asia head of marine underwriting
He replaces Kelvin Chan, who had held the role since June 2019.
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- June 27 2025
‘Asia is core to our strategy’: Swedish Club out to ‘broaden footprint’, with China and India on the radar
Underwriting director Thorbjörn Emanuelsson also tells InsuranceAsia News about the challenges facing the P&I club, including the dark fleet and Donald Trump's tariffs.
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- June 23 2025
Zurich Kotak launches commercial insurance division
The carrier will expand into commercial property, liability, marine, and engineering, covering a range of businesses from SMEs to large corporates.
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- June 20 2025
AIG taps Liberty Specialty Markets’ Snowy Chan as marine lead in Hong Kong, Macau
Chan joins having spent almost 16 and a half years with Liberty.
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- June 20 2025
Further war rate adjustments expected amid intensifying Middle East conflict, Swedish Club warns
P&I club also anticipates increased focus on compliance-related issues in order to identify certain increased risk elements.
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- June 20 2025
Opinion: Specialty market set to be tested in the fire once again as Iran escalation evokes memories of Gulf War
Conflict between Israel and Iran is bringing back memories of the Gulf War, which was seen a key testing ground for the resolve of the marine market, with numerous attacks on ships.
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- June 19 2025
Marine insurers lift prices for Strait of Hormuz by 60% amid safety fears: FT
Cost of cover for a US$100m ship has risen from US$125,000 to US$200,000 since the start of the conflict between Israel and Iran last week, according to Marsh McLennan.
