Marine Insurance
HKIA welcomes policy address with marine risk pool opportunity
HKIA welcomes policy address with marine risk pool opportunity
The regulator said it will create new bussiness opportunities.
Cargo premiums rise 1.6% to $22.64b in 2024
The largest growth came from China.
Ocean hull premiums grow as fleet value climbs to $1.54t
Asia-Pacific accounted for 35% of market premiums.
Singapore strengthens marine insurance with new digital platform
It will also expand marine insurance education and internships to grow local talent.
Kennedys adds marine expert Iain Anderson as Singapore partner
He has been based in Singapore since 2010.
Marine insurers urged to tackle modern slavery risks: IUMI
Modern slavery affects an estimated 28 million people.
Markel Insurance names Tim Wills head of Marine in Australia
This marks the company’s first expansion in Australia beyond the long-tail lines.
Guy Carpenter names Hakes global head of Marine, Energy and Technical Lines
He has over two decades of experience in the industry.
Cargo insurance market to grow 4.2% through 2029
The market is expected to bag $70b.
Indonesia launches marine trust to fund coral reef insurance
Swiss Re is a key partner in this initiative.
Philippines, FAO push insurance access for small fishing vessels
The country offers subsidies, flexible payment schemes, and simplified products.
Lockton announces new head of marine, energy
She joins Lockton with 13 years of experience from Howden Malaysia.
Markel announces new head of marine liabilities for Singapore
She previously worked at Munich Re Specialty.
Asia-Pacific leads in marine insurance market share with 28%
Thanks to expanding manufacturing sector and increasing maritime trade.
Singapore’s general insurance industry to grow 6.2% CAGR by 2029
The industry is expected to expand by 8.0% in 2024.
Tokio Marine Kiln appoints new marine leader for APAC
Ampatzis joins TMK from Starr Insurance.
2024 Policy Address: Hong Kong aims to boost marine insurance offerings
HKIA is also pursuing opportunities with the China Export & Credit Insurance Corp.
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