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Emerging risks | Growth Opportunities | APAC Insurance

Sunday, July 12, 2026

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Marine & Cargo
Profile photo of a smiling man with a circular frame over a maritime background, featuring the QBE logo in the upper left corner.
QBE taps Callum O'Brien as head of P&I for Asia
June 22 2026
He moves to the business after over a decade with NorthStandard.
Cargo ship with four gantry cranes on a calm blue sea under a clear sky
Chubb-led consortium launches in Lloyd's market with US$400m for Hormuz war risk
June 19 2026
The facility offers up to US$200m each for hull and P&I risks, alongside US$200m of dedicated cargo cover, as the market responds to the planned phased reopening of the waterway.
Night cityscape with a traditional pagoda gate beside a curved road and light-trail traffic; modern buildings in the background, Data Insight logo bottom-right.
Korea non-life insurers post 4.9% Q1 premium growth, but profits fall on higher claims, weaker investments
June 19 2026
Claims and investment pressure dragged net income down 10.7% year-on-year, even as long-term non-life premiums held firm and GI growth accelerated.
Large cargo tanker sailing on calm sea with a distant industrial shoreline on the horizon
Lloyd’s Market Association warns Hormuz shipping recovery hinges on greater clarity
June 18 2026
LMA outlined operational, regulatory and safety hurdles that must be addressed before vessels can safely return to Hormuz transit.
Large cargo ship with blue upper hull and red bottom balanced on a thick rope, flags of Iran and the United States at each end, conveying geopolitical tension.
Some insurers ease Hormuz rates on US-Iran deal hopes, but pre-war pricing hinges on stability
June 17 2026
Early cuts of up to 40% have surfaced, though pricing stays patchy and a history of broken ceasefires leaves many insurers reluctant to move fast.
Profile photo of a man in a circular frame over a Singapore cityscape background with the TySERS logo in the top-left
Tysers names William Furness-Smith as Singapore CEO
June 15 2026
He will take on the interim CEO role for the broker while awaiting sign-off from Singapore’s regulator.
Green container cranes loom over a docked port with stacked cargo containers by the water.
India’s ship certifier tightens stance on sanctioned vessels
June 12 2026
IRClass, a non-profit organisation, has tightened international sanctions enforcement removing hundreds of vessels tied to Russian and Iranian trade flows.
Container ship at a busy port during sunset, with towering gantry cranes and stacked shipping containers on deck.
India's marine insurance pool cuts war-risk premiums by up to 48% amid self-reliance push
June 9 2026
With more than 80 marine war-risk policies issued since its May launch, India is advancing plans to build a domestic protection and indemnity (P&I) framework.
Cargo ship docked at a busy port with cranes and city skyline, overlaid by colorful translucent data waves indicating shipping analytics.
AM Best revises Korea P&I outlook to stable on reinsurance restructure
June 8 2026
The ratings agency also affirmed the insurer's B++ financial strength rating and “bbb+” issuer credit rating.
singapore-direct-gi-remains-flat-in-q1-as-domestic-claims-ease-but-offshore-earnings-fall
Singapore GI market flat in Q1 2026 as claims fall and underwriting results hold steady
June 5 2026
Direct premiums slipped 0.4%, with onshore credit, aviation hull leading premium growth, while offshore property and cargo dragged.
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