Ravi Menon's launched Singapore Pavilion at COP28 outlining climate strategies to 'galvanise' climate action and providing insight into potential opportunities for insurers.
NorthStandard launches Weather Cover under its Strike & Delay class, offering up to eight days cover for ship delays caused by adverse weather conditions.
AM Best maintains stable outlook for Vietnam's non-life market, anticipating long-term benefits from regulatory changes made in early 2023.
The maritime brokerage firm strengthens its Asia market presence with James Gargrave moving from London as P&I Director in Singapore and Kevin Overton as Yacht Director, based in Hong Kong.
Global marine premiums rise to US$35.8bn amid China's ascent in shipping tonnage, though Asia's growth lags due to weaker currencies and economic headwinds.
GIC Re and P&C insurers deliberate reallocating portion of 150bn rupee (US$1.8bn) terrorism pool toward mitigation of risks related to nuclear energy and sanctioned imports.