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.
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
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
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
Rokstone taps QBE’s Chandran to lead Apac marine business
Specialty MGA hires marine market veteran to drive Asia expansion
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
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
UK Club confirms trend towards higher underwriting deficits
‘Significant challenges’ for both Thomas Miller-managed club and wider industry, admits chief executive Taylor
NorthStandard sees $96m underwriting deficit following ‘unsettling’ policy year
Political instability and major casualties are marine mutual's ‘first test’ since merger
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
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
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
Steamship Mutual feels the squeeze from major casualties
Marine mutual’s combined ratio climbs 19 points to 112%
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