Marine hull premiums rose by double digits across both onshore and offshore business, with offshore underwriting profits seeing a 167% rise, as claims fell.
John Lee outlined plans to mobilise insurer capital for infrastructure, establish a marine risk pool, and boost insurance innovation in emerging sectors.
The system will require vessels to hold P&I cover from IG P&I Clubs, domestic insurers, or international carriers with a credit rating of at least BBB.
Berkley Insurance Asia has hired Jennifer Yeoh as a Marine Claims Manager in its regional team, the business announced on LinkedIn on Friday, 12 September.
Yeoh brings her strong technical skills and...
Marine insurers at IUMI 2025 discussed how data, AI and new risk models are reshaping cargo and compliance coverage in a fragmented global trade landscape.
Insurers stand to use enhanced data visibility and AI to better assess tariff, compliance and trade disruption risks, transforming how political-driven risk is managed.
