Marine Insurance
Marine insurance is experiencing a period of rapid change, with a prolonged struggle to deliver underwriting profit forcing companies to reevaluate their proposition and the need to modernise. The class of business on which Lloyd’s was founded, the marine market is now navigating through a transitional period as it embraces technological reform and looks to rebuild its profit margin against a challenging operational backdrop.
Insurers are central to the marine sector’s climate goals
Shipping’s green transition needs more than technology – it needs insurance leadership
Cargo rates softening but the going remains good: IQUW’s Heeley
‘Crazy underwriting’ is out there but not the norm and Lloyd’s is still the best place for more benign cargo risks, veteran cargo underwriter says
Cargo rates softening fast on back of record levels of capacity: Lockton
Absence of market-changing loss events could mean double-digit premium slide, senior cargo broker warns
Rokstone extends capacity partnership with Allianz
MGA strikes five-year capacity partnership focusing on specialty areas including natural resources, construction and marine
Uncertain investment climate highlights importance of P&I underwriting discipline: Swedish Club boss
Thomas Nordberg says he is ‘really happy and proud’ with latest results, but warns market volatility is beyond the marine mutual’s control
AI cargo tracking promises yet more transformation for marine insurers
Marine insurers are entering a new era of visibility, precision and proactive risk management thanks to artificial intelligence
Discounts are out there for 1/4 hull renewals, market sources confirm
Brokers and underwriters agree hull and machinery pricing is softening, as new capacity depresses rates
War risk offering ‘is logical move for Ambrey’ MGA
Firm’s data analytics capability will give competitive advantage when writing spot breach cover, its managing director argues
Swedish Club cuts COR to 98%
Gothenburg-based marine mutual holds ‘strong positions in all key shipping markets’, managing director insists as full-year profits rise
Ambrey launches war risk MGA
MS Amlin leads capacity providers for new managing general agent
Argenta names Brand energy liability unit head
Brand joins from White Bear Managers, where she was energy liability founding partner
Marine underwriters focus on discipline as market softens
As optimism continues to bring capacity into the market, there is a real risk to rate adequacy
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