Marine & Cargo

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.

SALT appoints Lee Maureen Santiago as Marine Underwriter

March 28 2025

She reports to Iain Sharples, who SALT promoted to head of marine underwriting this month.

Howden taps Iris Lee as Marine Divisional Director for Asia

March 28 2025

She joins after a year with Oneglobal Broking.

japan-p-and-i-club-sees-tonnage-decline-in-february-renewals

Japan P&I Club sees tonnage decline at 2025 policy year renewals

March 26 2025

The Club implemented a 7% general increase for ocean-going vessels at the renewals.

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