Line of business: Marine Page 7 / 25
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- March 11 2025
Willis hires Takashi Kato as head of marine for Japan
Tokio Marine veteran has over 20 years of experience in marine insurance.
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- March 10 2025
Japan P&I confirms key personnel changes amid latest reshuffle
Koji Shikada takes on extended roles as deputy head of underwriting units and general manager of Tokyo underwriting department I, effective from April 1.
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- March 6 2025
BHSI taps Adrian Burmeister for inland marine underwriting role in New Zealand
Auckland-based Burmeister will focus on mobile plant and machinery specialist underwriting.
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- March 5 2025
‘Any dollar trade could be risky’: sanction complications remain for insurers even as Trump mulls easing curbs
NorthStandard's head of external affairs Mike Salthouse discusses the impact of sanctions, the rise of shadow fleets, and the complexities of insuring maritime operations amid evolving geopolitical tensions.
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- February 26 2025
Insurance Authority welcomes ILS pilot grant scheme extension in Hong Kong budget
Government extends scheme for insurance-linked securities (ILS) for three years, following 'favourable' response, Financial Secretary Paul Chan says.
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- February 26 2025
Skuld grows mutual P&I GT by 6% during renewal despite ‘turbulent times’
The club's mutual P&I tonnage for the 2025/26 policy year stands at 122 million gross tonnage (GT).
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- February 26 2025
Markel continues marine expansion with Singapore hull, war lead hire
Galvin Hu, who will report to head of Singapore Wanshi Lin, will be responsible for spearheading the specialty carrier's underwriting strategy in APAC.
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- February 25 2025
West P&I, London P&I record strong renewal growth amid market challenges
West P&I achieves mutual tonnage increase to 110 million gross tonnes (GT), while London P&I records 12% rise to 49.3 million GT.
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- February 21 2025
P&I clubs report tonnage growth during renewals despite industry turbulence
Gard, UK P&I and NorthStandard announced successful completion of the 2025 renewal after marine insurers worldwide saw a rise in the number of large claims.
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- February 20 2025
Underwriting performance of P&I clubs likely to fall in FY25: AM Best
P&I clubs are likely to seek further price improvements in the February 2025 renewal, making it the sixth consecutive year of general increases.
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- February 19 2025
P&I renewals ‘softer than anticipated’ despite claims, geopolitical pressures
Clubs are seeing moderate rate increases while terms and conditions remain stable, but expect strong growth driven by Asia.
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- February 18 2025
Allied World appoints Hafiz Zakaria as APAC marine underwriter
Singapore-based Zakaria joins the carrier having spent over nine and a half years as an underwriter with AIG.
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- February 11 2025
Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’
NorthStandard's loss prevention director for decarbonisation Mark Smith calls for clarity in regulation and fuel, with decarbonising the world fleet on the agenda.
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- February 10 2025
Solomon Islands sue Korea P&I Club, MS Amlin Marine in oil spill lawsuit: report
The residents of the island are seeking up to US$38m in compensation for a 2019 grounding of a cargo ship.
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- February 6 2025
Taiwan concern remains for marine insurers, says IUMI, amid rising geopolitical risks
President Frédéric Denèfle and policy committee chair Neil Roberts address the pressing issues facing global maritime trade, including Red Sea transits following the recent ceasefire in Gaza.
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- January 28 2025
‘Nimble’ Thomas Miller-backed MGA targets APAC marine, energy ‘grey areas’
Navata, supported by Lloyd's and HDI Global capacity, is following its clients' transition from oil and gas to renewables, says Singapore lead Mark Nunn.
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- January 24 2025
AIG names Mark Chen as head of marine for Taiwan
Appointment is in addition to his current portfolio as head of client and broker engagement.
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- January 23 2025
Gard expands Japan product portfolio with marine & energy risks
The P&I club will offer hull and machinery, war risk and loss of hire covers as well as builders’ risk to shipyards and offshore wind risk.
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- January 23 2025
Indian shipping regulator allows Russian insurer Soglasie to offer P&I cover
The Directorate General of Shipping has also extended approval for Russian insurers Sogaz Insurance, Alfastrakhovanie, and VSK Insurance to cover vessels entering India ports till 2030.
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- January 21 2025
East, South-East Asia record 72 piracy incidents in 2024, with 43 in Singapore Strait
11 large vessels targeted in the strait were over 100,000 deadweight tonnage, according to a report from the International Maritime Bureau.
