Steamship sets benchmark for P&I clubs with 5% general increase for 2025 renewal
October 31 2024 by InsuranceAsia News
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P&I renewals ‘softer than anticipated’ despite claims, geopolitical pressures
- February 19
Clubs are seeing moderate rate increases while terms and conditions remain stable, but expect strong growth driven by Asia.
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Allied World appoints Hafiz Zakaria as APAC marine underwriter
- February 18
Singapore-based Zakaria joins the carrier having spent over nine and a half years as an underwriter with AIG.
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Solomon Islands sue Korea P&I Club, MS Amlin Marine in oil spill lawsuit: report
- February 10
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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Taiwan concern remains for marine insurers, says IUMI, amid rising geopolitical risks
- February 6
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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AXA XL | Low and no-cost cybersecurity actions for companies
Considering the increasing frequency of attacks, the evolving threat landscape, including the use of AI to launch more sophisticated attacks, companies today can’t afford to ignore the possibility of being targeted by cybercriminals.
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BHSI | Managing non-Asian exposure in long-tail lines
While US-exposed business can look attractive to Asian carriers, managing the volatility around the long-term results and the ability to model those losses are crucial, say BHSI’s Marc Breuil and Marcus Portbury.
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Sedgwick | To Handle CAT Claims Well, Multi-Step Preparation is Key
When it comes to risk, it’s not a matter of “if” it’s a matter of “when” an event will occur.
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HSBC Asset Management | Is it time to relook at Asian currency bonds?
With diversification and performance high on investors’ agendas, it seems a good time for global portfolios to revive allocations in Asian local currency bonds – including Hong Kong dollar (HKD) bonds.
