Marine Insurers Face Rising Claims & Planning Rate Hikes for 2025
Marine mutual insurers and P&I Clubs are planning rate hikes for 2025, driven by rising claims and inflation pressures. Marine mutuals are under growing pressure
Marine & Cargo Insurance
Marine and Cargo insurance lets you protect this essential element of your operations at whatever scale with a perfectly coordinated set of services: Comprehensive cargo & marine coverage options, Superior risk consulting services to prevent future losses, Worldwide claims handling for fast and expert loss adjustment, Expert regress assistance to reduce policy demands.
Marine & Cargo Insurance protection and comprehensive support services give your business critical tools for optimising supply chain operations, reducing costs, and handling damages.
Marine cargo insurance is a class of property insurance that insures property while in transit against perils consequent or incidental to the navigation of the sea or air or rail/road/inland waterways.
UK Tighten Scrutiny on Russia’s Shadow Fleet and Insurance for Crude Oil
UK and India increase scrutiny on Russia’s shadow fleet and crude oil shipments, impacting maritime insurance and global oil exports.
Western Insurers Provides Cover for Tankers with Russian Oil Despite Sanctions
Western insurers have provided coverage for Rosneft tankers transporting sub-sanctioned Russian crude… despite the risks linked to the G7 price cap
How Many Insured Losses Drives the Francis Scott Key Bridge Collapse?
The collapse of the Francis Scott Key Bridge near the Port of Baltimore, Maryland is expected to drive up to $4 bn in insured losses
Unity Facility: Risk Mitigation for Ukrainian Grain Exports in Global Insurance
Marsh McLennan’s new Unity facility to cover Ukrainian grain exports could pave the way for more insurance solutions to support the country amid the ongoing war
2024 Global Marine Insurance Market Review
Global marine insurance premiums totalled USD35.8 bn an 8.3% uplift. European markets continued to enjoy growth whilst some Asian markets had slowed
Shipping Safety & Key Risks for Marine & Cargo Insurance
Shipping losses hit a record low in 2022-2023, but jump in fires, shadow tanker fleet and economic uncertainty pose new safety challenges
Aviation, Marine & Cargo Global Insurance Market Forecasts & Dynamics
The aviation, marine and cargo transit (MAT) Global Insurance Industry is estimated to grow at a compound annual growth rate of 6.4% from 2023-2026
Insurance Industry & Country Risk Assessment for the Global Marine P&I Sector Outlook
S&P Global Ratings’ insurance industry and country risk assessment (IICRA) for the global marine protection and indemnity (global P&I) sector is intermediate
Marine & Cargo Insurance Market. Top Causes of Claims in Marine Insurance
Fire and explosion incidents cause the most expensive insurance claims in the marine industry, exposures and inflation, cargo damage is the most frequent cause of loss
Lloyd’s and Insurers Support to EU & UK Govt on Ship Insurance Ban for Russian Oil
95% of the P&I insurance market handled by EU and UK-based insurers, according to experts, it will be difficult for Russia to completely get around the ban
Global cyber insurance and reinsurance industry supported by solid underwriting profitability in 2023 and 2024, with expectations for this trend to continue into 2025
North American life insurer credit losses will remain benign in 2025, despite modest increases due to ongoing pressure on commercial real estate (CRE) assets
Global reinsurers’ profitability will remain strong in 2025 despite lower risk-adjusted prices for most business lines when reinsurance contracts were renewed on 1 January
McGill in partnership with FortuneGuard and ARX introduced a new war risk reinsurance facility to provide commercial property coverage in Ukraine