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Emerging risks | Growth Opportunities | APAC Insurance

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Saturday, October 24, 2026

Marine & Cargo

japan-pi-club-withdraws-red-sea-war-cover
Japan P&I Club withdraws Red Sea war cover
February 16 2024
Association said it issued a notice of cancellation after its reinsurers decided to terminate support for war risks.
insurance-industry-calls-for-beijing-engagement-to-help-curb-red-sea-attacks
Insurance industry calls for Beijing engagement to help curb Red Sea attacks
February 15 2024
China and Hong Kong may be enjoying preferential insurance pricing, but supply chain risk is still a danger.
skuld-issues-notice-of-cancellation-for-red-sea-war-risk-cover
Skuld issues notice of cancellation for Red Sea War Risk cover
February 14 2024
Skuld announces cancellation of certain war risks after it received notice of cancellations from reinsurers.
chinese-ships-secure-lower-insurance-rates-in-red-sea-amid-houthi-attacks-report
Chinese vessels gain access to reduced Red Sea rates amid Houthi strikes - report
February 8 2024
Chinese ships are benefiting from lower rates amid targeted Houthi attacks on Western vessels.
northstandard-to-open-south-korea-office
NorthStandard to open South Korea office in 2024
January 23 2024
The marine insurer will open a Seoul branch in spring, with Claims Director Shang Doe Shim set to move from Singapore to lead the office.
singapore-cargo-underwriting-set-to-go-way-of-hull-as-insurers-prepare-to-withdraw-red-sea-war-risk
Singapore cargo underwriters prepare to cancel Red Sea war risk cover
January 16 2024
Cargo carriers' wait-and-see approach has been pushed to the limit and are poised to go the way of hull insurers by issuing cancellation notices.
hong-kong-ia-opens-public-consultation-on-four-draft-rules-related-to-upcoming-rbc-regime
Hong Kong IA opens public consultation on draft rules related to upcoming RBC regime
January 11 2024
The IA seeks industry feedback on draft rules affecting general, marine, captives, and Lloyd's market insurers.
officials-say-india-is-moving-closer-to-setting-up-its-own-maritime-pi-club
Officials say India is moving closer to setting up its own maritime P&I club
January 8 2024
Potential of Indian P&I club continues to gain traction as the nation aims to grow and protect its shipping industry.
mga-ai-marine-risk-launches-with-bp-marsh-backing
MGA Ai Marine Risk launches with B.P. Marsh backing
January 8 2024
Founded by marine insurance experts Tom Fulford-Smith and Charles D'Alton, the MGA aims to build a global portfolio with a focus on the UK, Europe, APAC, and the Middle East.
china-encourages-foreign-maritime-insurers-to-enter-domestic-market
China encourages foreign maritime insurers to enter domestic market
December 15 2023
China sets its sights on enhancing its marine insurance sector by 2035, aiming to rival established centres like London and Singapore, while bolstering shipping finance and legal services.
icnz-87-of-cyclone-gabrielle-and-auckland-anniversary-flood-claims-settled
ICNZ: 87% of Cyclone Gabrielle and Auckland Anniversary flood claims settled
December 12 2023
To date 99,798 of 115,353 and NZ$2.7bn (US$1.65bn) of NZ$3.6bn have been settled.
azure-risk-announces-appointment-of-mai-nguyen-as-senior-manager-marine-broker
Azure Risk announces appointment of Mai Nguyen as Senior Manager, Marine Broker
December 5 2023
Nguyen joins from Aon where she was associate director.
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Banner for 22nd SIRC: 'Capacity to Capability'—Building resilience through innovation; futuristic city skyline with a glowing highway; Nov 1–5, 2026 at Sands Expo & Convention Centre.