IAN Reports
- Marine
- Published 30 May 2022
Asia’s marine sector: challenges and opportunities
For much of the last two decades, marine insurance in Asia has remained highly unprofitable. Then four years ago capacity started to reduce and profit began to bounce back. The sector still remains very challenging, though, not least because insurers returning to the sector could now drive down rates.
This report examines some of the opportunities and challenges of the marine insurance sector in Asia, and considers what the next few years might look like as the region starts to pull out of the Covid-19 pandemic. Hear from a range of industry experts, including:
• Anmol Sawlani, chief executive officer at Azure Risk.
• Andrew Brooker, managing director at Latitude Brokers.
• Greg Dodds, Hong Kong country manager at Starr International Insurance (Asia).
• Matthew O’Sullivan, head of motor and marine for Australia and New Zealand at Zurich.
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HDI Global hires Sangeeta Chandra as Queensland marine underwriting manager
- July 8
With over two decades of the industry experience, Brisbane-based Chandra joined from Steadfast Group-backed NM Insurance.
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S&P affirms “stable” outlook on Allianz Fire and Marine Insurance Japan
- July 3
Ratings are based on the likely support the Japanese insurer would get from the parent company during times of financial stress.
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Lockton Singapore taps WTW’s Sung Wook Han as regional head of marine for Asia
- July 2
Han will relocate from London to manage marine teams across Asia with a special focus on Singapore.
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Singapore oil spill losses set to rise as slick hits Malaysian waters
- June 24
Malaysian authorities confirmed oil slick sightings at Sungai Rengit and Teluk Ramunia in Johor; while Singapore said it will seek compensation from owners of British Marine-insured Marine Honor.