Led by Jessica Schappell, the specialist insurer is leveraging its expanded platform under Zurich to corner high-margin, specialist risks across Asia Pacific.
Diversification into other marine lines has helped some clubs improve underwriting results, but persistent deficits are expected to drive further upward pressure on 2027 renewals.
The Singapore-flagged container ship sank after a projectile strike on 13 October, while NorthStandard-entered GFS Giselle took hull damage a day later.
With more than 30 years of experience serving Korean and Asian shipping clients, Kim will lead the club's efforts to expand its membership base in Korea.
IRClass, a non-profit organisation, has tightened international sanctions enforcement removing hundreds of vessels tied to Russian and Iranian trade flows.
