Marine Insurance
Marine premiums hit $43b despite softer conditions
Marine premiums hit $43b despite softer conditions
Chinese cargo business surged 19% on e-commerce, EV, photovoltaic and lithium battery exports.
AM Best sees Samsung Fire capital staying strongest
Canopius contributions are expected to increase after ownership rose from 19% in 2025.
China marine insurer absorbs bank investment markdown
Lower-than-expected claim payouts helped insurance operations post a slight profit gain.
Malaysia insurers earn $0.3b despite marine premium decline
Personal Accident premiums climbed 12.2% as travel demand strengthened.
Shipping premiums stay elevated despite Hormuz recovery
Vessel traffic rose from around 27 daily transits to more than 60 in late June.
Howden targets seafarer cover gap with SAFER at Home
The product provides basic hospitalisation protection for crew members between contracts.
Lloyd’s offers $200m capacity for Hormuz hull risks
The facility also includes $200m for protection and indemnity risks and $200m for cargo.
Insurers tighten control over Hormuz shipping routes
Japan and South Korea face higher exposure to Gulf energy risks.
Marine reinsurers face Baltimore loss blow
Howden Re said the impact is expected to fall largely on reinsurance and retrocession markets.
West P&I relocates office as Asia shipping portfolio grows
Club serves over 1,800 vessels across Chinese and Vietnamese shipping markets.
India builds $1.4b maritime insurance pool to cut foreign reliance
The scheme will cover hull cargo liability and war risks for Indian linked vessels.
High insurance costs limit Arctic shipping to niche cargo
Routes can cut sailing distance by up to 40% between Asia and Europe or North America.
India expands Russian insurers to secure oil shipping cover
The approvals raise the total number of authorised providers to 11 for marine risk protection.
Asia’s marine insurers face rising losses from climate labour risks
Extreme weather frequency hits its highest level in 5 years whilst crew shortages strain operations.
Reinsurers reprice risk as Hormuz disruption hits oil flows
The waterway carries about 20% of global crude supply and a large share of LNG shipments.
How IUMI says marine cover endures despite Middle East strain
The industry body identifies cargo hull liability and offshore energy as lines still in place.
Protection and indemnity clubs hike rates for 20 Feb renewal: AM Best
Mutual marine insurers target pricing adequacy to offset 2024/25 underwriting deficit.
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