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.
Discipline pivotal for marine lines in 2026: Liberty’s Hicks
It is important to consider the longevity of capital entering the market, Christopher Hicks, head of marine, UK and Mena, at Liberty Specialty Markets argues
HDI names Schraa head of marine in Singapore
Carrier hires Axa XL senior underwriter to develop regional marine portfolio
UK Club and TT Club target 2027 deadline for merger
Diversified book among key benefits of merger, senior executives say
Black Sea war risk rates up 250% since beginning of November
Underwriters ‘fear worst’ if Russia retaliates for drone strikes
Softer rates demand innovation in cargo
New products and better data will help insurers remain competitive
QBE names Tjornelund head of Asia marine underwriting
Tjornelund will oversee QBE Asia’s strategy for its marine underwriting portfolios and facultative reinsurance business
P&I clubs ‘only getting half their rate hike demands’
Market not bad enough to justify ‘blood in the streets’, Gallagher’s Alex Vullo argues
Disconnect widens between hull hazard and premium
Seven years on from Decile 10, SiriusPoint’s head of marine worries hull underwriters are repeating old mistakes – cutting rates and holding deductibles flat just as vessel values, repair costs and geopolitical risks climb
General average declared after fire on ONE Henry Hudson
Around 100 boxes damaged in last month’s blaze, which took five days to extinguish
Meeting Japan’s offshore wind ambitions
Low land availability and a mountainous landmass limit the possibility for the large-scale development of solar and onshore wind infrastructure but, as an archipelago, Japan has coastline in abundance
NorthStandard rate hike intended to bring P&I into balance with other lines
Much-improved claims picture at second-largest club, with strategy likely to centre of organic growth, senior executives say
Britannia and Japan Club join rate hike trend with 5% increase
To date 10 International Group affiliates are raising 2026 prices, with remaining two expected to follow suit
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