Marine & Cargo

Red and black tugboat with equipment on deck sails in calm sea, a distant pier visible on the horizon.

Lloyd's Market Association moves to end cover for ships paying Iran's Hormuz transit toll

July 24 2026

New model wording excludes cover for transit-related payments and ends cover for the vessel where such a payment breaches sanctions or terrorism law.

Chris Dent, marine manager at SALT Marine Risks, at a busy port with cargo ships and containers.

SALT Marine Risks appoints Chris Dent as marine manager

July 21 2026

He joins after over five years with QBE Insurance.

Marsh Risk Asia hires three senior professionals for marine, cargo & logistics team.

Marsh Risk Asia boosts its marine, cargo & logistics team with three senior hires

July 21 2026

Deborah Errappa appointed senior VP and cargo leader, James Gargrave as P&I leader, and Haroun Shadid as strategic client director.

Sunset over the Mumbai-Ahmedabad bullet train bridge in India.

India's GI premiums accelerate 16% in June as health, motor and PA expand

July 20 2026

Health, motor and personal accident insurance powered the industry's fastest YoY growth of 2026, while fire premiums continued to decline for a sixth straight month.

chinese-ships-secure-lower-insurance-rates-in-red-sea-amid-houthi-attacks-report

India’s marine insurance pool gets its first claim after drone attack in Black Sea — Report

July 20 2026

The government-backed scheme, launched in May, faces its first real-world test.

Angus Cheung, promoted to lead hull and liability at QBE North Asia.

QBE promotes Angus Cheung to lead hull and liability in North Asia

July 17 2026

Cheung, who has spent nine years at QBE, takes on a wider remit across Greater China, Vietnam and Japan.

ICICI Lombard health insurance webpage with 0% GST offer and scooter icon.

ICICI Lombard's combined ratio worsens to 107.2% on fire losses, motor TP reserve hit in Q1

July 16 2026

A higher combined ratio and weaker investment income contributed to a 46% decline in quarterly profit.

Vincent Wang, marine risk engineer, with ships in the background.

Markel appoints Shanghai-based marine risk engineer to build out Greater China capabilities

July 16 2026

Vincent Wang brings over 16 years of marine experience to the role.

Anouk Sireude, new head of marine at AIG, in front of a port with cargo ships.

AIG promotes Anouk Sireude to head of marine, Pacific

July 16 2026

Sireude joined the business two years ago and now takes on responsibility for both inland and ocean marine across Australia and New Zealand.

Business professional with a cargo ship in the background at sea.

Starr taps Sparks Lai as head of marine business development for North Asia

July 16 2026

He joins from Generali Global Corporate & Commercial, where he most recently served as business development manager for marine.

Large cargo ship navigating the Strait of Hormuz with containers onboard.

Hormuz war-risk rates climb again after brief easing in June

July 15 2026

Renewed strikes on vessels have lifted Hormuz war-risk rates to around 2% to 4% of hull value, though they remain below March's highs.

QBE names James Lo as Hong Kong cargo and marine underwriting lead

July 14 2026

He joins from HDI Global and brings over 18 years' experience to the role.

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