Strong underwriting discipline and rate adequacy will drive the London market's performance, with added s...
Insurer in Full: MSC Aries seizure adds to marine war headwinds as Iran-Israel tensions escalate
The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwinds for the marine war market as tensions continue to escalate in the Middle East...
The seizure of MSC Aries by Iran’s Revolutionary Guard at the weekend is the latest in a series of headwinds for the marine war market as tensions continue to escalate in the Middle East...
Article / 8 days ago
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 / 9 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 / 23 days ago
Red Sea rates spike again after Rubymar attack
Average Red Sea war risk rates have spiked to around 1 percent after Sunday's attack on the Rubymar cargo vessel in the Gulf of Aden, with the potential sinking of the ship raising removal of...
Average Red Sea war risk rates have spiked to around 1 percent after Sunday's attack on the Rubymar cargo vessel in the Gulf of Aden, with the potential sinking of the ship raising removal of...
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
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
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 / 3 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 / 3 months ago
Insider in Full: Hull underwriters call for rating robustness in 2024 as softening signs emerge
Underwriters in the marine hull market have warned of the need to retain rating resilience during 2024, as early signs emerge that the market may be starting to tip in favour of buyers...
Underwriters in the marine hull market have warned of the need to retain rating resilience during 2024, as early signs emerge that the market may be starting to tip in favour of buyers...
Article / 3 months ago
Hull underwriters call for rating robustness in 2024 as softening signs emerge
Underwriters in the marine hull market have warned of the need to retain rating resilience during 2024, as early signs emerge that the market may be starting to tip...
Underwriters in the marine hull market have warned of the need to retain rating resilience during 2024, as early signs emerge that the market may be starting to tip...
Article / 3 months ago
