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.
Argenta names Brand energy liability unit head
Brand joins from White Bear Managers, where she was energy liability founding partner
Marine underwriters focus on discipline as market softens
As optimism continues to bring capacity into the market, there is a real risk to rate adequacy
China-Taiwan conflict fears could spark war risk insurer exodus
Even current ‘phoney war’ may have unintended consequences including marine casualties, conference hears
Low premiums leave marine war market vulnerable to shocks, underwriters warn
War insurance market may still be seen as profitable, but concerns are mounting over low annual premiums and the sustainability of pricing models, according to experts
Reinsurers more relaxed at 1/1 renewals, marine conference hears
Many previously standalone layers have been folded back into treaties
Red Sea war risk rates still firm despite ceasefire
Brokers expect instant rebound if Houthis resume attacks on shipping
Lloyd’s 2024: Specialty reinsurance COR soars to 106.2%
The class posts an underwriting loss of £165m amid slowing rate increases and continued material loss activity
Lloyd’s 2024: MAT line swings to £152m underwriting loss
Marine rate rises slowed while aviation pricing 'remained marginal' as combined ratio climbs to 104.3%
Shipping still far behind net zero trajectory, marine insurer data shows
Poseidon Principles for Marine Insurance publishes annual report showing industry efforts well below minimum IMO goals
Cargo insurance premiums now at ‘punishing and unsustainable’ levels
London underwriters conceding discounts, while the US market is more competitive still
Tokio Marine HCC International names Eagles marine cargo senior underwriter
Eagles joins from Miller, where she was cargo practice lead
A world in crisis: understanding the risk landscape in 2025
This year is already set to go down as one of geopolitical realignment on a scale not seen in decades
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