Marine & Cargo

allianz-commercial-global-shipping-faces-mounting-risks-amid-trade-tensions-rerouting-costs

Geopolitics, rerouting push global shipping risks to new highs: Allianz

May 28 2025

Global shipping is under pressure as US tariffs, costly rerouting, shadow fleets, and a spike in vessel fires disrupt trade and raise safety concerns.

am-best-affirms-tmis-excellent-credit-rating-following-strong-2024-combined-ratio

Favourable loss experience drives Tokio Marine Indonesia's 82% combined ratio for 2024: AM Best

May 16 2025

TMI's ratings affirmed as Indonesian insurer seeing capital adequacy recover from 2023 fall.

Gallagher taps Aon’s Sanjay Mehra as Head of Marine for India

May 15 2025

Mehra brings 15 years’ industry experience to the new role.

Lisa Triscasi appointed as BMS Australia’s Client Director for WA

May 15 2025

Triscasi has over 20 years of insurance experience, including senior roles at Centrewest and EBM Insurance.

india-approves-three-more-russian-insurers-for-marine-pampi-cover-report

India approves three more Russian insurers for marine P&I cover: Report

May 14 2025

The country now authorises a total of eight Russian insurers to underwrite marine liabilities at its ports.

Underwriting volatility prompts outlook revision to negative for Korea P&I Club: AM Best

May 12 2025

The Club reported a KRW 7.3bn (US$5.14m) loss alongside a combined ratio of 204% last year.

insurers-contemplating-15-25-rise-in-marine-awrp-due-to-india-pakistan-tensions-sampp

Marine insurers consider 15-25% AWRP increase due to India, Pakistan tensions: S&P

May 12 2025

Recent escalation has also prompted a surge in war risk inquiries.

GlobalData cuts marine, aviation, and transit insurance growth forecast amid US tariff impact

May 10 2025

Insurers face increased risks and costs as US tariffs reshape the global MAT insurance landscape.

Howden appoints Marut Pommalee as Chief Client Officer for Thailand

Howden Thailand names Marut Pommalee as Chief Client Officer

May 6 2025

He previously served as the Managing Director of Sabuy Maxi.

regulatory-reforms-to-drive-growth-in-malaysias-non-life-insurance-market-am-best

Malaysia’s general insurance premiums rise 6.9% in 2024 on motor and infrastructure demand: PIAM

April 30 2025

Underwriting profit fell 11% in 2024 despite premium growth, as the industry’s combined ratio edged up to 93.4%.

Marine insurance underwriters adopt cautious approach as tariffs fuel market uncertainty

April 30 2025

Industry grapples with potential supply chain disruptions, unpredictable costs, and shifting trade routes.

Kathleen Chin joins Sompo as Marine Underwriter

April 28 2025

Based in Singapore, Chin will report to Dave Ong, APAC Head of Marine.

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