Allianz Commercial marine head counsels caution on using hundreds of millions of dollars in extra income from Black Sea and Red Sea crises to win increased share of H&M market

Other vessel involved in Singapore collision is VLCC carrying Iranian oil and ‘unlikely to be insured with the conventional market,’ according to underwriter sources

Issue not on the agenda of P&I clubs, senior figure says, in response to call from influential broker

A windfall worth hundreds of millions of dollars to marine underwriters is being used to keep prices down in other lines, brokers contend

Underwriters’ confidence boosted by enhanced Ukrainian command of waterways and state subsidies to reduce marine insurance premiums

Broker expands London-based marine practice with hire of Jonathan Eaton

Despite increased claims activity within the group pool, no claims exceeded the club’s retentions last year

Marine mutual’s managing director targets A-rating, saying it is ‘top of my agenda to become as financially strong as possible’

Nine-figure deal pencilled in to complete at start of 2025

Back-of-an-envelope calculations suggest International Group member clubs will record $1.3bn in surplus this year, which should be plenty for not-for-profit mutuals, Marsh Specialty managing director, Mark Cracknell, contends

QBE Asia’s head of marine, Rama Chandran, says converting to new fuels and technology will ignite strong growth for the sector

New offering will be led by Jack Cooper as senior partner