New threats to the maritime industry like GPS spoofing have emerged in some regions, such as the Middle East.
Santam Syndicate 1918, part of Santam Group, Africa's largest non-life insurer, has appointed Ms Hina Shavdia as COO.
Santam Syndicate 1918 has appointed Ms Hina Shavdia as COO.
Miller has appointed Mr Andrew Yarwood as a Senior Director in its marine team, and Ms Katie Murrell as Director of Sport, Entertainment, Corporate and A&H.
Marine insurers will need to place greater emphasis on loss prevention as risks become more complex and costly to insure, according to International Union of Marine Insurance (IUMI).
To support its ambitions to take on more insurance programmes across North Asia, HDI Global has announced appointments to its underwriting and distribution leadership there.
The global marine insurance market remains in a stable position, with premium growth strongly supported by a weak USD in hull and cargo.
The authorities have formed a specialised technical committee for pricing coverage offered by the Saudi Pool for Marine War Risk Insurance, according to Mr Tariq bin Ali Al-Fayez, Chairman of the National Insurance Committee at the Federation of Saudi Chambers.
COSCO SHIPPING Captive Insurance Co (COSCO SHIPPING Captive) has consistently delivered positive earnings since 2017 and achieved an average return-on-equity ratio of 5.3% over the past five years (2021-2025), notes AM Best.