Marine & Cargo

ICICI Lombard health insurance webpage with 0% GST offer and scooter icon.

ICICI Lombard's combined ratio worsens to 107.2% on fire losses, motor TP reserve hit in Q1

July 16 2026

A higher combined ratio and weaker investment income contributed to a 46% decline in quarterly profit.

Vincent Wang, marine risk engineer, with ships in the background.

Markel appoints Shanghai-based marine risk engineer to build out Greater China capabilities

July 16 2026

Vincent Wang brings over 16 years of marine experience to the role.

Anouk Sireude, new head of marine at AIG, in front of a port with cargo ships.

AIG promotes Anouk Sireude to head of marine, Pacific

July 16 2026

Sireude joined the business two years ago and now takes on responsibility for both inland and ocean marine across Australia and New Zealand.

Business professional with a cargo ship in the background at sea.

Starr taps Sparks Lai as head of marine business development for North Asia

July 16 2026

He joins from Generali Global Corporate & Commercial, where he most recently served as business development manager for marine.

Large cargo ship navigating the Strait of Hormuz with containers onboard.

Hormuz war-risk rates climb again after brief easing in June

July 15 2026

Renewed strikes on vessels have lifted Hormuz war-risk rates to around 2% to 4% of hull value, though they remain below March's highs.

QBE names James Lo as Hong Kong cargo and marine underwriting lead

July 14 2026

He joins from HDI Global and brings over 18 years' experience to the role.

Markel appoints Sarika Gadekar to strengthen India marine claims capability

July 13 2026

Gadekar takes up a claims adjuster role in Mumbai, part of Markel's push to strengthen its presence in one of Asia's most important growth markets.

Traditional Japanese street lined with dark wooden shops, hanging signboards, and warm lanterns, with mountains in the background

Japan general insurers' underwriting performance improves as fire claims fall in FY2025

July 13 2026

Fire insurance led Japan's non-life market improvement in FY2025, as claims fell sharply despite continued premium growth across major commercial lines.

Lloyd's Asia premiums flat in 2025 after four years of growth

July 10 2026

A first fall in offshore business since 2020 offset continued onshore growth, while inward reinsurance set a new high.

Markel appoints Weng Fatt Tan to lead casualty underwriting in Malaysia

July 9 2026

Appointments adds dedicated casualty underwriting in Malaysia, with Tan to also oversee its marine energy liability portfolio.

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