Insurer, Marine and Risk - Insurance Industry Brief

Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030

Insurance Journal

MAY 28, 2025

Japanese insurer Tokio Marine has set up a unit to insure activities linked to the low-carbon transition such as green hydrogen, shipping and cement and is targeting $1 billion in revenues by the end of the decade, its chair told …

Marine

Marine Insured Insurance Insurer

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Insurance Journal

SEPTEMBER 17, 2024

Marine insurance markets face significant risk from the growth of a shadow fleet of ships hauling oil from sanctioned producers like Russian and Iran, an industry group said. The opaque nature of the ownership of those vessels makes it hard …

Risk

Risk Claim Marine Insured

Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space

Insurance Journal

OCTOBER 29, 2024

Clear Group, the UK independent insurance broker that is owned by Private Equity at Goldman Sachs Alternatives, has entered the wholesale Lloyd’s broker space with the acquisition of Lilley Plummer Risks Ltd., a London-based marine and property specialist. Financial details …

Broker

Broker Risk Insurance Broker Marine

Swiss Re Among Firms in $3 Billion Credit-Risk Deal for International Finance Corp.

Insurance Journal

DECEMBER 18, 2024

Swiss Re AG, Tokio Marine Holdings Inc., and AXA SA are among providers of $3 billion in credit-risk insurance for the private-sector arm of the World Bank Group, as it seeks to expand its lending in … AXIS Capital Holdings Ltd.

Risk

Risk Marine Insured Insurance

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

Insurance Journal

JANUARY 6, 2025

Inside faceless office buildings scattered around London, a niche corner of the insurance market is keeping hundreds of billions of dollars in commodity trade moving through some of the world’s most dangerous waters. As conflicts rage in the Middle East …

Risk

Risk Building Insured Insurance

BP Marsh updates on marine insurance investments

Insurance Marine News

JUNE 10, 2025

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Marine

Marine Insured Insurance Insurer

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Insurance Journal

JANUARY 24, 2025

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

Insured

Insured Insurance Insurer Policy

Denmark Plans $1 Billion War Insurance for Merchant Shipping

Insurance Journal

MAY 2, 2025

Denmark plans to set aside almost $1 billion to insure its merchant fleet in the event of a war or major crisis. The government proposed the new legislation as a “timely precaution,” according to a statement on Thursday. The funding …

Insured

Insured Insurance Insurer Risk

Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Insurance Journal

JULY 23, 2024

Transfers of oil at sea that involve a recently sanctioned Russian insurer may prevent western firms from paying claims if something goes wrong, a key provider of cover said. Moscow-based Ingosstrakh PJSC has emerged of a major insurer to Russian …

Risk

Risk Insured Insurance Insurer

Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’

Insurance Journal

DECEMBER 16, 2024

Russian authorities sought to limit the damage on Monday from oil spilled into the Kerch Strait by two aging tankers that were damaged during a heavy weekend storm, highlighting the environmental and insurance risks of Russia’s “shadow fleet.” ” One crew …

Risk

Risk Damage Insured Insurance

Aon and EBRD Launch €110M Facility to Provide Cover for War-Related Risks in Ukraine

Insurance Journal

DECEMBER 12, 2024

Insurance broker Aon and the European Bank for Reconstruction and Development (EBRD) have structured a 110 million (US$115.6 million) facility to provide reinsurance capacity for international reinsurers and Ukrainian insurance companies to cover war-related risks in Ukraine. Under the Ukraine …

Risk

Risk Insurance Broker Broker Insurance Companies

Rising climate risks and the evolving role of marine insurance

Splash: Finance and Insurance

DECEMBER 1, 2024

Robert Mackay from FDR Risk writes for Splash today. Extreme weather events triggered by climate change are becoming more frequent and severe, reshaping operational risk and creating unprecedented challenges for shipowners and operators.

Risk

Risk Marine Insured Insurer

Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait

Insurance Journal

JULY 22, 2024

A collision that set two vessels ablaze off Singapore has underlined the growing risks in the crowded Straits of Malacca, as the dark fleet expands and lackluster Chinese demand leaves dozens of the tankers idling. The Ceres I, a 23-year-old …

Risk

Risk Protection Liability Insurance Marine

Mastering Inland Marine Insurance: A Broker’s Guide

Distinguished

MAY 6, 2025

Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Who Needs Inland Marine Insurance?

Inland Marine Insurance

Inland Marine Insurance Inland Marine Marine Insured

How Much New Risk Can Insurance Customers and Insurers Take?

Majesco

FEBRUARY 13, 2025

Today’s insurance customer is under pressure and assault from every angle: Cyber criminals are using data breaches to access bank accounts and credit. Climate risk is growing, and a greater number of Cat events are threatening people and their property. Risk is growing, shifting, and becoming more complex.

Risk

Risk Insured Insurance Insurer

Poland Says Key Infrastructure at Risk After Baltic Sea Incident

Insurance Journal

MAY 22, 2025

Polish Prime Minister Donald Tusk warned on Thursday that the Baltic Sea is becoming “a new area of confrontation” with Russia, putting the country’s critical infrastructure increasingly at risk. His warning comes a day after Polish authorities said a sanctioned …

Risk

Risk Protection Marine Insured

Norway’s Okokrim takes charge of marine insurance case

Insurance Marine News

MAY 19, 2025

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Marine

Marine Insured Insurance Insurer

The Secretive World of Russian Oil Tanker Insurance Revealed

Insurance Journal

OCTOBER 22, 2024

One of the energy market’s open questions since Russia’s invasion of Ukraine has been who’s insuring the tankers moving Moscow’s petroleum against the risk of a catastrophic oil spill. The answer is that while some are still covered by the …

Insured

Insured Insurance Insurer Risk

Chubb subsidiary no longer insures Gulf Coast LNG project: report

Insurance Marine News

MAY 19, 2025

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Insured

Insured Insurance Insurer Marine

Crafting Compelling Content for Insurance Agency Websites

Neilson Marketing Services

JANUARY 30, 2025

The digital space is crowded, and insurance agencies are vying for attention in an industry where trust and expertise matter most. A well-crafted insurance agency website is an essential tool for building credibility, attracting potential clients, and converting leads. A one-size-fits-all approach to website content falls flat.

Insurance Agency

Insurance Agency Insured Insurance Insurer

Gard adds new risks to product offering in Japan

Insurance Marine News

JANUARY 23, 2025

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Risk

Risk Marine Insured Insurance

Norway acts on fake marine insurance operation

Insurance Marine News

MARCH 30, 2025

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Marine

Marine Insured Insurance Insurer

BP Marsh sells stake in Lilley Plummer Risks

Insurance Marine News

OCTOBER 30, 2024

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Risk

Risk Marine Insured Insurance

Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise

Insurance Journal

JUNE 1, 2025

Sweden said Saturday it will step up insurance checks on foreign ships in a move aimed at tightening controls on Russia’s so-called “shadow fleet ” of aging ships. The government in Stockholm said that, starting July 1, the coast guard …

Insured

Insured Insurance Insurer Protection

Marine war market fears claim over detained $130m dredger

Insurance Marine News

SEPTEMBER 19, 2024

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Marine

Marine Claim Insured Insurance

Risk of collision with offshore installations from attendant vessels

Insurance Marine News

MARCH 11, 2025

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Risk

Risk Marine Insured Insurance

Chaucer to launch Asian marine offering on Lloyd’s Singapore platform

Insurance Marine News

NOVEMBER 3, 2024

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Marine

Marine Insured Insurance Insurer

NorthStandard says it “remains on course” after year of headwinds for marine insurers

Insurance Marine News

FEBRUARY 23, 2025

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Marine

Marine Insured Insurance Insurer

Smaller shipowners in danger: Geneva Dry risk workshop

Splash: Finance and Insurance

MAY 6, 2025

It was a standing room during a specialist workshop at the opening day of the second edition of Geneva Dry that saw panellists turn their attention to various aspects of risk management for dry bulk shipowners and operators.

Risk

Risk Marine Insured Insurance

Marine round-up : 11th June 2025

Insurance Marine News

JUNE 10, 2025

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Marine

Marine Insured Insurance Insurer

Scrap metal fires – is the IMSBC code adequately addressing the risks?

Insurance Marine News

JANUARY 28, 2025

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Risk

Risk Marine Insured Insurance

Middle East tension make ocean tanker operators cautious, but not panicked

Insurance Marine News

JUNE 12, 2025

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Marine

Marine Insured Insurance Insurer

Russian Strikes on Ukraine’s Ports Push Up Insurance Rates: Market Sources

Insurance Journal

OCTOBER 10, 2024

A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump in insurance costs and forced some shipowners to cancel bookings, insurance sources and a broker said on Thursday. Russian ballistic …

Commercial

Commercial Broker Insured Insurance

Insurance Considerations When Expanding Your Business to a New Location

Mark Jackson Insurance Agency

MARCH 19, 2025

Brick commercial office building by Binyamin Mellish Expanding your business to a new location is an exciting step toward growth, but it also introduces new risks. From property protection to liability coverage, ensuring your business insurance policies align with your expansion is critical. This coverage is required in most states.

Workers Compensation

Workers Compensation Liability Inland Marine Insurance Property Damage

Upswing in freight demand out of China reported by CMA CGM

Insurance Marine News

MAY 22, 2025

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Marine

Marine Insured Insurance Insurer

A Comprehensive Guide to Understanding Commercial Property Insurance

Protect Commercial Insurance

APRIL 11, 2025

Navigating the world of insurance can feel overwhelming, especially when it comes to understanding commercial property insurance. This friendly guide will walk you through the essentials of commercial property insurance, helping you protect your business premises and assets with confidence. What is Commercial Property Insurance?

Commercial Property

Commercial Property Property Insurance Commercial Insured

Upstream energy softening exceeds expectations, follow competition intensifies, says broker WTW

Insurance Marine News

APRIL 22, 2025

Williss global head of natural resources, Rupert Mackenzie, warned that challenges to insurers profitability were increasing. Energy insurers were chasing market share. The post Upstream energy softening exceeds expectations, follow competition intensifies, says broker WTW appeared first on Insurance Marine News.

Broker

Broker Marine Insured Insurance

Red Sea Insurance Nearly Doubles After Attacked Oil Tanker Appears to Be Leaking Oil

Insurance Journal

AUGUST 28, 2024

The cost of insurance for ships sailing through the Red Sea has nearly doubled after Yemen’s Houthis attacked a tanker that appears to be leaking oil, with environmental fears growing for the trade route, industry sources said on Wednesday. Iran-aligned …

Insured

Insured Insurance Insurer Protection

War risk programme proposed by Danish government

Insurance Marine News

MAY 5, 2025

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Risk

Risk Marine Insured Insurance

‘We have reached the end of the globalisation process’: IUMI president

Splash: Finance and Insurance

SEPTEMBER 16, 2024

Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Berlin, president Frédéric Denèfle focused on how change was likely to impact on all lines of marine insurance business. War risks, sanctions and embargoes were increasing and this was …

Marine

Marine Risk Insured Insurance

Tariff uncertainty continues in US

Insurance Marine News

JUNE 1, 2025

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Marine

Marine Insured Insurance Insurer

Port operations in Bandar Abbas still badly affected

Insurance Marine News

MAY 6, 2025

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Marine

Marine Insured Insurance Insurer

Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

Insurance Journal

SEPTEMBER 20, 2024

Russia’s state-run oil tanker company Sovcomflot PJSC said that western sanctions on ships moving the nation’s petroleum oil are only serving to heighten environmental risks by forcing some vessels out of mainstream trading. Since late last year, US, European Union …

Risk

Risk Protection Liability Insurance Marine

Insuring Collectibles in New York

Distinguished

FEBRUARY 10, 2025

As such, Collectibles insurance plays a pivotal role in safeguarding these valuable assets. It covers fine art, sports cards, handbags, and other collections, up to $125 million on a single risk as the primary or excess layer or on a quota-share basis.

Broker-Agent

Broker-Agent Insured Insurance Insurer

Tokio Marine Launches Green Unit, Eyes $1 Billion Revenues by 2030

Insurers Say Dark Fleet Oil Tankers Pose a Major Claims Risk

Trending Sources

Clear Group Acquires Lilley Plummer Risks, Entering Wholesale Lloyd’s Broker Space

Swiss Re Among Firms in $3 Billion Credit-Risk Deal for International Finance Corp.

The Wartime Risk Insurers Making Fortunes Keeping Trade Moving

BP Marsh updates on marine insurance investments

‘Geoeconomic Fragmentation’ Challenges Insurers: Geneva Association

Denmark Plans $1 Billion War Insurance for Merchant Shipping

Oil Tanker Insurance Payouts at Risk After UK’s Russia Sanctions

Stricken Oil Tankers Show Risks of Russia’s Aging ‘Shadow Fleet’

Aon and EBRD Launch €110M Facility to Provide Cover for War-Related Risks in Ukraine

Rising climate risks and the evolving role of marine insurance

Dark Fleet Caper Exposes Growing Risks in Crowded Malacca Strait

Mastering Inland Marine Insurance: A Broker’s Guide

How Much New Risk Can Insurance Customers and Insurers Take?

Poland Says Key Infrastructure at Risk After Baltic Sea Incident

Norway’s Okokrim takes charge of marine insurance case

The Secretive World of Russian Oil Tanker Insurance Revealed

Chubb subsidiary no longer insures Gulf Coast LNG project: report

Crafting Compelling Content for Insurance Agency Websites

Gard adds new risks to product offering in Japan

Norway acts on fake marine insurance operation

BP Marsh sells stake in Lilley Plummer Risks

Sweden to Boost Insurance Checks on Foreign Ships as Worries About Russia Rise

Marine war market fears claim over detained $130m dredger

Risk of collision with offshore installations from attendant vessels

Chaucer to launch Asian marine offering on Lloyd’s Singapore platform

NorthStandard says it “remains on course” after year of headwinds for marine insurers

Smaller shipowners in danger: Geneva Dry risk workshop

Marine round-up : 11th June 2025

Scrap metal fires – is the IMSBC code adequately addressing the risks?

Middle East tension make ocean tanker operators cautious, but not panicked

Russian Strikes on Ukraine’s Ports Push Up Insurance Rates: Market Sources

Insurance Considerations When Expanding Your Business to a New Location

Upswing in freight demand out of China reported by CMA CGM

A Comprehensive Guide to Understanding Commercial Property Insurance

Upstream energy softening exceeds expectations, follow competition intensifies, says broker WTW

Red Sea Insurance Nearly Doubles After Attacked Oil Tanker Appears to Be Leaking Oil

War risk programme proposed by Danish government

‘We have reached the end of the globalisation process’: IUMI president

Tariff uncertainty continues in US

Port operations in Bandar Abbas still badly affected

Russia’s Oil Tanker Firm Sovcomflot Says G-7 Sanctions Make Oil Trade Less Safe

Insuring Collectibles in New York

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