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.
International Group reinsurance hike branded ‘unfair’
Hefty weightings for general excess-of-loss levy seen as disproportionate, some brokers argue
All change ahead as new marine rules come into force
Marine insurers and their clients face a swathe of regulatory changes in 2025 which could have significant implications for international trade
Skuld hints at price increases after substantial interim underwriting loss
Norwegian marine mutual’s results boosted by investment returns
Agile hires Hughes to lead London marine
Australian group appoints Axa XL's David Hughes as head of marine for its Lloyd's syndicate
Reputation is key to success for Europe's MGAs: Alta Signa’s Dubbioso
Brand reputation may cushion individual mis-steps by traditional insurers, but underwriting decisions by MGAs reflect directly on their business and people, head of marine at Alta Signa, Francesco Dubbioso, says
Britannia P&I club downgraded by S&P Global
International Group affiliate said to ‘lag behind peers’ on underwriting performance
Japan Club sets out renewal stall
Only Asia-based International Group affiliate announces 2025 pricing
NorthStandard and Noord Nederlandsche insist partnership is win-win
Tie-up between International Group giant and local minnow designed to benefit both sides, executives say
S&P Global upgrades London Club
Outlook at 10 out of 12 International Group affiliates now seen as stable by rating agency
Piracy exposure increases in Somali basin because of Red Sea diversions
Rerouting to avoid Houthi aggression has doubled traffic along the international shipping lane through the Indian Ocean and off the coast of Somalia
Marsh confirms soft hull renewals
Hull and machinery underwriters reportedly struggling to hit premium targets
Managing geopolitical risk in unprecedented times
From conflicts in Ukraine and the Middle East to emerging threats from China and the US, few underwriters have faced a geopolitical landscape as dynamic as it is now
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