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Marine tag returned 117 results

  • ArgoGlobal Lloyd's syndicate to exit Asia and global hull underwriting

    ArgoGlobal recently announced plans to cease its Syndicate 1200's underwriting operations in Asia and most of its hull underwriting business within the syndicate. All existing policies remain valid, with claims to be handled via its London operation.

    AIRPlus | 09 Sep 2019
  • US-China tensions: unmanned military craft raise risk of war

    The immediate danger from militarized artificial intelligence isn't hordes of killer robots, nor the exponential pace of a new arms race.

    Asia Risk | 14 Aug 2019
  • China: Standard Club obtains underwriting licence in HK

    The Standard Club has expanded its presence in Greater China after its Singapore based subsidiary, Standard Asia, gained authorisation earlier this year to carry on insurance business in Hong Kong.

    Asia | 13 Aug 2019
  • Middle East: All eyes on Strait of Hormuz

    Experts in the insurance industry have confirmed that the London-based Joint War Committee (JWC) has not announced any increase in the risk of war on ships in the Arabian Gulf, since the 19 July seizure of a British tanker by Iran in the Strait of Hormuz.

    Middle East | 24 Jul 2019
  • Middle East: Impact of war with Iran being assessed

    Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to follow quickly if Iran's interception last week of two UK-linked tankers spirals into outright war, reported Bloomberg.

    Middle East | 21 Jul 2019
  • Singapore-headquartered marine underwriter receives approval to operate in India

    EF Marine is now an approved insurance provider for ships entering Indian territorial waters in accordance to the country's merchant shipping rules stipulated by the Directorate General of Shipping. The marine underwriter provides fixed premium protection and indemnity (P&I) solutions to ship-owners, charterers and multimodal operators with Swiss Re Corporate Solutions being its exclusive insurance carrier for all products.

    Asia | 17 Jul 2019
  • New licensed broker enters Singapore market

    Windward Insurance Broker is now open for business with the approval of its licence by the Monetary Authority of Singapore (MAS) in February 2019 and the appointment of its core team members.

    Asia | 28 Jun 2019
  • Vietnam: General insurers welcome professional competency framework

    Vietnam's professional competency framework (PCF) for the general insurance industry was officially launched in Hanoi on 24 June and will provide insurers with a measuring tool for their own internal training as well as professional development for employees.

    Asia | 27 Jun 2019
  • Middle East: Ship & cargo insurance rates soar

    War risk premiums for a standard oil cargo from the Persian Gulf and the tanker hauling it can now cost upwards of $500,000, reported Bloomberg citing people familiar with the insurance market. Earlier this year, the same premiums would have cost owners less than 1/10 of that.

    Middle East | 26 Jun 2019
  • Oman: Ferry company sees huge jump in insurance premiums

    National Ferries Company (NFC), the wholly Omani government owned coastal transportation services operator, has said that it has been seeing insurance premium hikes since the waters off the Sultanate were included in a list of areas of 'perceived enhanced risks', following acts of sabotage targeting tankers in the Sea of Oman in the last two months.

    Middle East | 23 Jun 2019

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