Marine & Cargo

Korea non-life insurers post 4.9% Q1 premium growth, but profits fall on higher claims, weaker investments

June 19 2026

Claims and investment pressure dragged net income down 10.7% year-on-year, even as long-term non-life premiums held firm and GI growth accelerated.

Large cargo tanker sailing on calm sea with a distant industrial shoreline on the horizon

Lloyd’s Market Association warns Hormuz shipping recovery hinges on greater clarity

June 18 2026

LMA outlined operational, regulatory and safety hurdles that must be addressed before vessels can safely return to Hormuz transit.

Large cargo ship with blue upper hull and red bottom balanced on a thick rope, flags of Iran and the United States at each end, conveying geopolitical tension.

Some insurers ease Hormuz rates on US-Iran deal hopes, but pre-war pricing hinges on stability

June 17 2026

Early cuts of up to 40% have surfaced, though pricing stays patchy and a history of broken ceasefires leaves many insurers reluctant to move fast.

Tysers names William Furness-Smith as Singapore CEO

June 15 2026

He will take on the interim CEO role for the broker while awaiting sign-off from Singapore’s regulator.

Green container cranes loom over a docked port with stacked cargo containers by the water.

India’s ship certifier tightens stance on sanctioned vessels

June 12 2026

IRClass, a non-profit organisation, has tightened international sanctions enforcement removing hundreds of vessels tied to Russian and Iranian trade flows.

Container ship at a busy port during sunset, with towering gantry cranes and stacked shipping containers on deck.

India's marine insurance pool cuts war-risk premiums by up to 48% amid self-reliance push

June 9 2026

With more than 80 marine war-risk policies issued since its May launch, India is advancing plans to build a domestic protection and indemnity (P&I) framework.