Marine insurer The Standard Club Asia will cease writing insurance business from 20 February 2026 and enter run-off. It will also stop issuing any new or renewal policies from 9 December 2025, according to a press release from NorthStandard.
HDI Global has appointed Mr Peter Schraa as Head of Marine in Singapore. In his new role, he will work closely with local underwriters in HDI Global's Singapore office to further develop the marine portfolio.
Podium Underwriting has been launched as a specialist MGA, operating as an appointed representative of Superian Insurance Group.
Marine insurance provider NorthStandard is raising P&I premiums by 5%, effective 20 February 2026, amid market unpredictability and risk. The announcement was made in a 17 November press release.
International marine insurer Allianz Commercial and leading Managing General Agent (MGA) Coastal Marine Asia Underwriting are teaming up to extend their marine hull insurance portfolio throughout the Asia-Pacific.
Howden has launched its marine insurance services in Japan, marking an important step in its continued growth across Asia.
The International Union of Marine Insurance (IUMI) has released its 2025 analysis of the global marine insurance market - the IUMI "Stats Report". The report shows steady insurance markets for hull and cargo in 2024 but a "challenged" offshore energy sector. However, headwinds loom for all markets for the remainder of 2025 and beyond.
In today's complex economy and volatile marine cargo market, traditional insurance often falls short in managing trade disruptions and exposures, according to a blog by Aon South Africa. Even in a buyer-friendly environment, where insurers compete aggressively, carriers remain cautious, limiting volatility by offering smaller lines while chasing growth in riskier segments.
NorthStandard has named Mr Michael Hustler as its new head of APAC, effective 27 October.