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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Great American Insurance taps Chubb’s Julie Leng as marine underwriter
- July 24
Leng, who was an assistant manager based in Kuala Lumpur, joins the Great American's Singapore branch.
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HDI Global hires Stuart Routledge as New South Wales marine underwriting manager
- July 24
Sydney-based Routledge joins from RedSky Insurance where he was senior marine underwriter specialising in cargo insurance for over three years.
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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.