In response to questions about the financial health of protection and indemnity (P&I) clubs in the wake o...
Reinsurance Market Dynamics: April 2024
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Reinsurance renewals at April 1 consolidated the progress made at 1/1, as ample capacity and increased competition for catastrophe reinsurance led to improved outcomes for the majority of insurers.
Report / 4 days ago
Baltimore incident likely to drive up marine insurance rates
Assuming the loss is significant, the likely outcome is “an increase in pricing,” said Marcus Baker, global head of marine, cargo, and logistics for Marsh LLC in London.....
Assuming the loss is significant, the likely outcome is “an increase in pricing,” said Marcus Baker, global head of marine, cargo, and logistics for Marsh LLC in London.....
Article / 19 days ago
P&I Clubs Raise Renewal Prices to Keep Up With Claims Inflation: AM Best
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Protection and Indemnity (P&I) clubs sought further price improvements at the February 2024 renewals in order to keep up with claims inflation, despite a...
Article / 2 months ago
Insurers foresee more cancellations, premium rise if Red Sea attacks persist - The Hindu BusinessLine
Indian general insurers adjust policies and premiums due to Red Sea disruptions, with potential long-term impacts on marine business.
Indian general insurers adjust policies and premiums due to Red Sea disruptions, with potential long-term impacts on marine business.
thehindubusinessline.com /
Article / 2 months ago
Quest for market share leads to P&I market softening at 2024 renewals
Attempts by carriers to maintain market share have allowed brokers to pursue aggressive pricing decreases at this year's P&I renewals, with some clubs...
Attempts by carriers to maintain market share have allowed brokers to pursue aggressive pricing decreases at this year's P&I renewals, with some clubs...
Article / 2 months ago
Marine and energy liability market finely balanced for 2024
Underwriters are pushing for rate rises but competition is increasing....
Underwriters are pushing for rate rises but competition is increasing....
Article / 2 months ago
Denèfle: One ship sinking will be all it takes for Red Sea rate spike further - The Insurer
IUMI president Frédéric Denèfle believes it would only take one vessel sinking in the Red Sea to cause a significant further spike in insurance rates in the region....
IUMI president Frédéric Denèfle believes it would only take one vessel sinking in the Red Sea to cause a significant further spike in insurance rates in the region....
Video / 2 months ago
P&I Clubs to increase rates by 5% to 7.5%
All 12 mutual members of the International Group of P&I Clubs will increase premium rates at the 20 February renewal, primarily because of inflation, but there should be less need for such significant…
All 12 mutual members of the International Group of P&I Clubs will increase premium rates at the 20 February renewal, primarily because of inflation, but there should be less need for such significant…
Article / 2 months ago
US, UK Ship Investors Hit by Soaring Red Sea Insurance - gCaptain
War underwriters have raised the premiums they charge...
War underwriters have raised the premiums they charge...
gcaptain.com /
Article / 2 months ago
Chinese Ships Get Insurance Edge Navigating Red Sea - gCaptain
Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how Houthi attacks in the area are...
Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how Houthi attacks in the area are...
gcaptain.com /
Article / 2 months ago
