Reinsurance News
marine insurance
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
Ascot launches new US yacht product
29th October 2025
Global specialty insurer and reinsurer Ascot has expanded its specialty marine offering with the launch of its new US yacht product, Ascot Admiralty Reserve. This new product has been built to offer comprehensive, bespoke coverage for fully captained and crewed vessels valued at or over $5 million. “Our new product has been ... Read the full article
Guy Carpenter reports structural shift in marine and energy insurance
11th September 2025
Guy Carpenter, a risk and reinsurance advisory firm, states in its Global Specialties Market Update that the marine and energy insurance sector is entering a period of reassessment, shaped by major losses, geopolitical pressures, and shifts in reinsurance capacity. In the hull and cargo segments, significant rate reductions—often in double digits—are ... Read the full article
MSIG Singapore expands marine capabilities
1st September 2025
MSIG Singapore, a subsidiary of MS&AD Insurance Group, has partnered with MSIG Specialty Marine and appointed the firm as its underwriting agent to expand its marine capabilities. The move aligns with MSIG's strategic growth ambitions and aims to enable the carrier to underwrite Protection & Indemnity (P&I) risks directly from its ... Read the full article
QBE expands into Dutch marine insurance market with key appointment
4th August 2025
QBE, an insurer with operations in over 25 countries, has announced the appointment of Paul Peerdeman to lead the launch of its marine insurance portfolio in the Netherlands. The move is part of QBE’s strategy to strengthen its presence in key European markets by offering locally tailored solutions for global trade. Peerdeman ... Read the full article
Miller names Shim as Head of Specialty for newly launched Korean marine team
14th July 2025
Miller, the independent specialist insurance and reinsurance broker, has launched its Korean marine unit with four senior hires to further build out its operations in the region, and has hired KyungSeop (KS) Shim to lead the team as Head of Specialty. In the new role, Shim will initially focus on building ... Read the full article
Canopius names Tom Losquadro VP of Underwriting for National Hull & Liability US
10th June 2025
Canopius Group, a specialty and property & casualty insurer and reinsurer, has announced the appointment of Tom Losquadro as Vice President (VP) of Underwriting for National Hull & Liability in the United States. Losquadro joined the firm on May 19, 2025, and will report to Neetu Varghese, Head of Marine US. With ... Read the full article
Rokstone expands into Asia Pacific with new marine insurance lead
5th June 2025
Rokstone, the international specialty re/insurance Managing General Agent (MGA) and part of the Aventum Group, has announced the appointment of Rama Chandran to lead its business in the Asia Pacific region. Chandran will join the company following the completion of his notice period at QBE International, where he currently holds the ... Read the full article
Global shipping losses drop to record low of 27 vessels, but new geopolitical risks loom: Allianz
30th May 2025
Global shipping losses have fallen to their lowest level in decades—just 27 vessels in 2024, down from more than 200 annually in the 1990s—according to the Safety and Shipping Review 2025 by Allianz Commercial, the corporate insurance division of Allianz Group. Despite the improvement in maritime safety, Allianz warns the industry ... Read the full article
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