Reinsurance News
marine insurance
Optio strengthens marine capabilities with Gardian Marine acquisition
31st March 2026
Optio Group, the independent specialty MGA, has reached an agreement to acquire Gardian Marine Limited for an undisclosed amount, pending regulatory approval. Gardian Marine, headquartered in London and founded by Guy Tyler and Edward Morgan, provides specialist cover across marine builders’ risks, ship repairers’ liability, voyage and towage, along with a ... Read the full article
Safe Harbor Marinas selects Chubb as preferred insurance provider
27th March 2026
Chubb, a global property and casualty insurer, and Safe Harbor Marinas, the global leader in waterfront lifestyle, have entered into an exclusive partnership, with Chubb named the preferred insurance provider for Safe Harbor members. Safe Harbor is a U.S.‑based company and is the largest owner and operator of marinas in the ... Read the full article
Chaucer and Ceto partner to launch new marine MGA
24th March 2026
Global specialty re/insurance group Chaucer, and Ceto AI, a technology company specialising in predictive analytics for the maritime industry, have launched a new marine managing general agent (MGA), operating as a Lloyd’s coverholder. Under the agreement, Ceto is authorised to bind marine hull on behalf of Chaucer’s Lloyd’s syndicate, with additional ... Read the full article
Berkley Insurance Asia announces key leadership moves within its Marine team
23rd March 2026
Berkley Insurance Asia has announced the appointment of Kenneth Cheong as Head of Marine, Asia, taking over the role from Lee Ju-Ann, effective 1 April 2026. As part of the leadership developments within Berkley Insurance Asia Marine team, Lee Ju-Ann will be taking on a newly created Senior advisory and Talent ... Read the full article
QBE and Aurora launch fully automated underwriting for complex marine risks
20th March 2026
QBE, in partnership with Aurora, has introduced an integrated algorithmic underwriting system that functions entirely within the insurer’s existing governance, risk appetite, and operational procedures. Developed with QBE Ventures, this solution enables fully automated lead underwriting of complex specialty risks, a first in the industry. The technology is now operational for QBE’s ... Read the full article
Withdrawal of Persian Gulf war risk cover viewed as credit negative for exposed US marine insurers: Fitch
13th March 2026
Fitch Ratings, the international credit rating agency, said the withdrawal of hull war risk marine insurance coverage in the Persian Gulf is expected to be credit negative for US property and casualty insurers with significant exposure to Gulf shipping routes. Fitch notes that the move is likely to have broadly neutral ... Read the full article
Marine war risk market ‘operating as expected’ amid Middle East hostilities: IUA
11th March 2026
Chris Jones, Chief Executive of the International Underwriting Association (IUA), said members are continuing to provide cover for clients affected by the current hostilities involving Iran across several lines of business, adding that the marine war risk market is operating as expected, given the heightened threats to shipping. According to Jones, ... Read the full article
Gulf shipping tensions prompt war risk reassessment by marine insurers: IUMI
6th March 2026
War risk insurance for vessels transiting the Persian Gulf and Red Sea remains available, although insurers are reassessing their appetite for exposure as tensions in the Middle East disrupt shipping routes and threaten supply chains, according to the International Union of Marine Insurance (IUMI). The marine insurance body said war cover ... Read the full article
US insurance proposal may not be enough to restart shipping through the Strait of Hormuz
5th March 2026
Morningstar DBRS, the international credit ratings and research firm, has said that a proposal by the government of the United States to support insurance for vessels travelling through the Strait of Hormuz may not be sufficient to rapidly restore commercial navigation in the region. In recent commentary, Morningstar DBRS states that ... Read the full article
Insurance market braces for systemic shock as Iran conflict threatens multi-line losses: Kennedy’s
3rd March 2026
Kennedys, an international insurance law firm, has warned that the developing conflict involving the United States, Israel and Iran presents the prospect of a rare, multi-line event for the global insurance and reinsurance market. In Kennedys’ assessment, the combination of sustained military action, disruption to energy flows and prolonged regional instability ... Read the full article
QBE’s British Marine appoints Richard Inman as Portfolio Manager
25th February 2026
British Marine, a marine insurer and part of QBE Insurance Group, has announced the appointment of Richard Inman as Portfolio Manager, British Marine P&I. In his new role, Inman will be responsible for delivering British Marine’s planned P&I underwriting results, as well as shaping the strategy for insurance risks across the ... Read the full article
Skuld reports successful outcome for 2026/27 mutual P&I renewal
24th February 2026
Marine insurance provider Skuld has reported a successful and robust outcome for the 2026/27 mutual P&I renewal, reflecting disciplined underwriting, firm market positioning, and continued support both from existing and new members. Skuld owners’ mutual P&I book of business grew to 128 million gross tonnage (GT), representing a 6% increase in ... Read the full article
AXA XL and USMIG to distribute coverage for shipping supply chain and transport
13th February 2026
AXA XL, the P&C and specialty risk division of AXA, has partnered with U.S. Marine Insurance Group (USMIG) to offer Shipper's Interest insurance, addressing market shifts in the logistics landscape. The pair’s collaboration kicked off in 2024, with USMIG acting as a program manager for AXA XL. This allows AXA XL to ... Read the full article
Who’s insuring Russia’s shadow fleet?
2nd December 2025
Since Western P&I clubs and reinsurers largely withdrew from underwriting sanctioned oil shipments, an informal and opaque re/insurance ecosystem has emerged to keep Russia’s shadow fleet trading. What was once dominated by London and the International Group of P&I clubs is now sustained by a narrow set of domestic and offshore ... Read the full article
Howden expands marine insurance services into Japan
6th November 2025
Howden, an insurance brokerage and risk advisory firm, has officially launched its marine insurance services in Japan, marking an important step in its continued growth across Asia. The new operations will be led by Koji Aragane, Marine Director, who brings extensive experience and a proven background in maritime insurance. Aragane’s leadership reflects ... Read the full article
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