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.
Gap between Black Sea and Red Sea war risk rates is narrowing
The Russian, Ukrainian and Belarusian war risk exclusion justified earlier differential, but comparative loss records have seen reassessment of risk
Spyware-on-sea: how insurers can protect maritime infrastructure
Cyber attacks on the global merchant fleet are rising and shipping companies need better defences and bigger insurance policies
Generali leads slip on Red Sea suezmax blaze cargo
Total loss could double rates for cargo war risk across region, sources say
No payout from oil industry clean-up scheme in event of Sounion spill
Matter rests with war risk insurers, International Oil Pollution Compensation Funds confirms
Brit’s Keel consortium has 100% line on Red Sea blaze tanker
London underwriters expect rates to move after Houthis set fire to Sounion
Marine mutuals can be insurers of choice for offshore green hydrogen: London Club
No historic data, but pricing a new vessel type will be pretty much like pricing any other gas carrier, argues underwriting director, Reto Toggwiler
Industry cannot handle lithium-ion batteries alone: UK Club
Research and collaboration needed to identify how new risk is shaping up, marine mutual argues
Marsh launches port blockage facility
London market-backed facility addresses growing frequency of port blockages impacting international trade
US lawmakers bid to hike liability limits tenfold for other flags
Move from Congressional Democrats intended to apply retrospectively, with major implications for marine insurers on the hook for Baltimore bridge collapse
Fidelis syndicate 3213’s launch is a vote of confidence in marine
Fidelis is working with managing general agent Navium, including sharing pricing data
No panic from reinsurers on Baltimore bridge incident: Gallagher Re
‘This was a marine loss, not a black swan event. A ship had an accident and I don’t think it’s going to have the impact people who don’t know the market are expecting,’ Cudlipp argues
QBE names Lascelles director of marine underwriting
Lascelles was most recently cargo and international markets portfolio manager, having been with QBE for 10 years
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.