Marine Insurance
Marine insurance is experiencing a period of rapid change, with a prolonged struggle to deliver underwriting profit forcing companies to reevaluate their proposition and the need to modernise. The class of business on which Lloyd’s was founded, the marine market is now navigating through a transitional period as it embraces technological reform and looks to rebuild its profit margin against a challenging operational backdrop.
Steamship Mutual confirms capital retention strategy in ‘challenging period’
Claims for current policy year higher than expected but in line with wider market, P&I clubs says
Baltimore bridge collapse trial set for June
Potential payout could substantially top $3bn upper limit on pool claims
‘Wide gulf’ between crew incompetence and negligence: NorthStandard
Admiralty Court ruling in Happy Aras highlights need for owner due diligence
Steamship Mutual opens Japan law office
Move will broaden members’ access to English law and claims advice
Hive to enter marine market with Lewis hire
Specialty managing general agent hires Everest’s head of international marine to spearhead new product suite
Hand injuries and abdominal pathology dominate P&I crew claims
Britannia publishes breakdown for past two policy years
All-in vessel insurance costs unchanged after flat 2025
Baltic Investor Indices data points to stability in marine market, despite soft hull renewals at January 1
Lloyd’s takes fake war risk cover case to appeal
Vyssos case important for understanding of Institute Hull Clauses
Lloyd’s Register unveils maritime nuclear consortium
UK-led maritime consortium sets out plan for nuclear-powered fleet to tackle one of the toughest challenges in the clean energy transition
Cargo claim rejected after ‘dereliction of duty’ caused bulker to ground
Ruling in Unity Ship Group v Euroins Insurance – known as the Happy Aras case – underlines the need for shipowners to demonstrate due diligence in crew selection and supervision
North America hull market ‘remains fragile’
Increased capacity and aggressive competition from MGAs driving rates down, broker BSM says
Gard retains A+ rating with S&P Global
Norwegian club has best financial strength rating in International Group
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