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.
Hiscox launches digital cargo product for small risks
New API product provides access to instant cover for small cargo risks typically missed by the London market
Gard will not be fooled by randomness, Roppestad insists
World’s largest marine insurer enjoyed ‘very strong’ results in 2024, but little growth likely in next period, its CEO says
Gulf war risk premiums double but softening is now expected
Hectic two days as underwriters attempt to second guess twists of Middle East hostilities
Middle East war threatens marine, aviation and cyber lines: Morningstar DBRS
Accumulation of risk exposures across war, cyber, travel, and political risk lines could place ‘meaningful capital pressure’ on many insurers, rating agency warns
London Club ahead of the pack on underwriting performance
Results underline impact of marine mutual’s focus on rating and deductibles, International Group affiliate insists
Cargo underwriters face greater challenge than conflict
RSA’s senior cargo underwriter says insurers are well versed in geopolitical risks and capacity continues to enter the market regardless
SiriusPoint expands DUPI Nordics partnership into continental Europe
Bermuda-based carrier extends partnership with Stockholm-based marine MGA
Listed areas unchanged despite Israel-Iran fighting, JWC rules
Situation concerning with outcome unclear, Joint War Committee says, as war rates for Israel port calls surge
Marine war risk rates stable despite Israel-Iran fighting
Exception is big jump in rates for Israel port calls, but situation could change rapidly, insurers warn
Gard announces internal restructuring
Reorganisation see creation of five new sector-specific ‘syndicates’ at world’s largest marine insurer
Safer shipping here to stay, Allianz Commercial’s Heinrich says
Low level of losses likely to be repeated in coming years, head of hull at German insurance giant says
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
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