The Malaysian general insurance industry's gross written premium (GWP) grew 6.9% y-o-y to MYR23.1bn ($5.3bn) in 2024.
It would be in the interests of governments to collaborate with companies to develop capabilities, including computer platforms, to enable maritime administrations in coastal states to enhance their maritime awareness and track tankers in the dark fleet, according to a guide released by the Centre for International Law at the National University of Singapore.
Markel Group has enhanced its wholesale claims service with the appointments of Mr Daniel Thomas as marine technical claims lead, Ms Debbie Larkin as claims manager - energy, liability and terrorism, effective March 31, Ms Natalie Myhill as claims manager - financial institutions (FI) and Ms Rachel Tighe as claims manager - professional indemnity (PI).
Lockton has appointed Ms Cindy Khoo as head of business development - marine and energy, based in Singapore.
The maritime security landscape in the Middle East has entered a new phase of volatility, with amplified risks for commercial vessels operating in arterial shipping lanes.
Marsh Specialty has appointed Mr Andrew George as president. He will also join the Marsh Executive Committee.
Canopius has announced that Mr Paul Hackett has taken on an expanded role as regional head of distribution for APAC, in addition to his existing portfolio as head of marine for APAC and MENA. He will also serve as a member of the APAC Executive Committee.
Markel has appointed Mr Galvin Hu as marine hull and war lead.
Markel has announced that Mr Dean Johnson has been appointed senior underwriter, transport and logistics.
NorthStandard has finished a challenging year for global marine insurance, reporting an increase in poolable tonnage and continuing progress towards meeting its strategic goals.