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.
Politics will remain a challenge for marine insurance in 2026, LMA’s Roberts warns
‘Sheer unpredictability of events is anathema to trade’, Lloyd’s Market Association’s marine head argues
Marine reinsurance supply outstrips demand at 1/1
Brokers highlight broadening of composite coverages and modifications to excess-of-loss structures
Venezuela marine war risk rates ‘will be high’
War risk premiums for Venezuela-bound ships are poised to climb, as insurers reassess exposures following US intervention and capture of Nicolás Maduro
2025: A year in major marine casualties
Solong, Morning Midas and Eternity C rank among last year’s big losses
UK Court of Appeal upholds ‘pay first’ clause in marine liability policy
‘Pay first’ remains an enforceable, market‑standard qualification to indemnity in marine liability policies
Big increase in boxship reinsurance levy for second year running
But P&I clubs freeze or cut rates for all other vessel types
Insurance Day publishes marine risk special report
Shipping is seeking re/insurance solutions more than ever before
Swedish Club outlook upgraded by S&P Global
Rating agency acknowledges strengthened capital base and improved underwriting performance
Least-worst outcomes as good as it gets with emergency responses: Sosrep
Wide variance in how countries handle marine casualties
Sea transport faces national high alert test
Donsö Shipping Meet 2025 put war risk interfaces under the spotlight for marine insurers
Cargo interests urged to leave salvage to the salvors
Need for better information flow after casualties, conference hears
Axis and QBE syndicates lead Lloyd’s MAT profitability
Profits in the Lloyd’s marine, aviation and transportation account tumbled last year amid the war in Ukraine and the Baltimore bridge collapse, but some syndicates were able to increase returns in a challenging market, Insurance Day’s analysis shows
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