
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.

Rokstone hires senior QBE duo for Singapore marine expansion
Managing general agent appoints Sharon Seah and Hui Ling Long as directors in its new Singapore hub

Miller hires NorthStandard’s Taylor to lead P&I
Nick Taylor joins London-based re/insurance broker to oversee direct P&I business

Swedish Club expands China footprint with Ping An partnership
Deal will give Chinese owners easier access to International Group pool scheme

Axa XL leads war risk slip for twice-attacked cargoship
Convex understood to have follow position on Aon-brokered cover for Minervagracht

New maritime decarbonisation technologies are impacting marine insurers
While many of these technologies are currently at early stages of development, their broader adoption will have implications for marine insurers

Pine Walk to launch reinsurance cell Imala Re
Vega-led managing general agent will write an international book of Latin American and Caribbean property, motor and narine treaty reinsurance

Shipowners’ Club to offer combined P&I and H&M cover
Product made possible after acquisition of Lloyd’s MGA Waterborne last year

NorthStandard expands energy proposition with Dale hires
Marine mutual appoints Matt Holmes and Andrew Carter to lead entry into upstream energy and marine and energy liability

Leading brokers expect P&I rate hikes at next renewal
Annual reports predict sixth successive year of steep premium increases

Gallagher hires Witchard to lead Middle East marine
Broker expands Middle East and Africa marine practice with senior Marsh hire

Russia sanctions risk undermining future of International Group
Tipping point may come by end of decade, as shipowners turn to non-Western insurers just to keep trading, NorthStandard lawyer argues

Dual Europe enters cargo market
Managing general agent continues to expand marine division
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