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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.

Marine

Shipowners’ Club’s underwriting is at absolute sweet spot: Peacock

Keeping things ‘flat and stable’ is the key to success, marine mutual’s chief executive argues

Marine London

Allianz Commercial leads H&M slip on burning car carrier

London market understood to have 30% of Morning Midas hull cover, with Convex, Fidelis and Ai said to have follow positions on slip

London Marine

Why many P&I clubs are losing money on underwriting

A string of International Group affiliates have posted high combined ratio and brokers expects rate hikes at the next renewal round could be even higher than the last one

International Gard

Rokstone taps QBE’s Chandran to lead Apac marine business

Specialty MGA hires marine market veteran to drive Asia expansion

Asia Pacific Distribution

Some marine underwriters subsidising hull discounts with war risk windfall: Allianz’s Heinrich

Influx of MGA capacity is making life ‘tricky’ for established carriers, insurer’s head of hull says, with soft hull and machinery market set to continue

London Specialty

Changing geopolitics put pressure on traditional marine risk models

As conventional maritime risks decline, geopolitical threats are creating blind spots in marine underwriting that historical data cannot cover

International Specialty

UK Club confirms trend towards higher underwriting deficits

‘Significant challenges’ for both Thomas Miller-managed club and wider industry, admits chief executive Taylor

London Marine

NorthStandard sees $96m underwriting deficit following ‘unsettling’ policy year

Political instability and major casualties are marine mutual's ‘first test’ since merger

United Kingdom Specialty
INTERVIEW

Steamship ‘sanguine’ about underwriting loss, CEO says

While big claims necessitate big payouts, P&I clubs are in the business of providing liability cover, Steamship Mutual chief executive says

London Marine

Geopolitical tensions push global shipping into riskier waters, Allianz warns

Global shipping losses fell to just 27 in 2024, but geopolitical tensions and shadow fleets are reshaping maritime risk

International Specialty

Bayesian recovery highlights Italy’s legal requirements for major salvage efforts

Needs of investigation have priority over insurance considerations as legal experts set out procedural constraints amid efforts to raise tech tycoon’s doomed super-yacht

Europe Specialty

Steamship Mutual feels the squeeze from major casualties

Marine mutual’s combined ratio climbs 19 points to 112%

London International
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