Marine & Cargo

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.

China's non-life insurance could face rising claims, slower growth from US tariffs: GlobalData

April 25 2025

The new tariffs are likely to fuel claims inflation in motor, marine, trade credit, and business interruption insurance lines.

india-reviewing-applications-from-four-new-russian-insurers-for-oil-tanker-coverage-report

India reviews applications from four new Russian insurers to provide oil tanker coverage: Reports

April 25 2025

New applications come as India’s crude imports from Russia continue to rise in 2024-25.

Global: SCOR, AXA XL and Marsh provide credit insurance for wind-powered cargo fleet

April 17 2025

Insurance support assists the maritime industry's search for viable low-emission fuel alternatives to meet shipping's environmental and sustainability goals.

markel-group-to-acquire-marine-mga-meco-group

Markel to acquire marine MGA MECO

April 16 2025

Markel set to strengthen its marine insurance offerings, enhancing its presence in Asia Pacific and Europe.

Tariff volatility casts credit shadow over insurers: AM Best

April 16 2025

AM Best highlights potential inflationary pressures and increased claim costs for insurers amid ongoing tariff disputes.

apac-insurance-markets-brance-for-impact-as-us-china-trade-tensions-soar

APAC insurance markets brace for impact as US-China trade tensions soar

April 15 2025

Region's insurers face challenges including market volatility, slower premium growth, and increased hedging costs.

cmb-wing-lung-insurance-maintains-strong-performance-with-high-single-digit-roe-in-2024-am-best

CMB Wing Lung Insurance maintains strong performance, targets marine growth: AM Best

April 4 2025

Rating agency maintains insurer's financial strength rating at A (Excellent).

chubb-announces-leadership-promotions-in-hong-kong

Chubb Hong Kong announces leadership promotions for Patrick Wong, Queency Chau, and Barry Yu

April 1 2025

Wong named Head of Global Client Executive; Chau becomes Head of Major Accounts Division; and Yu elevated to Head of Marine.

committee-flags-shortcomings-in-australias-cyclone-reinsurance-pool-calls-for-structural-reforms

Joint Select Committee urges changes to Cyclone Reinsurance Pool

March 28 2025

Recommendations include extension of 48-hour rule, enhanced resilience measures, and potential inclusion of marine insurance.

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