Time to take plunge on new risk pools as dangers mount, brokers say, but ‘major questions exist’

P&I renewals ‘softer than anticipated’ despite claims, geopolitical pressures

Clubs are seeing moderate rate increases while terms and conditions remain stable, but expect strong growth driven by Asia.

MS&AD accelerates, while Tokio Marine, Sompo see overseas topline growth moderate in Q3 FY24

MS&AD’s foreign subsidiaries grew NWP by a combined 25%, in contrast to the 1.2% growth posted by Tokio Marine’s international non-life businesses and 0.8% by Sompo’s overseas arms.

As Trump plays a ‘treacherous trade game’, tariffs solve nothing, leading underwriter says

Sean Dalton, vice president of the International Union of Marine Insurance (IUMI), says the rising risks of an all-out trade war between the US and China are a huge concern for insurers and clients.

Maritime decarbonisation efforts need liability certainty to stay on course amid ‘pressing challenge’

NorthStandard’s loss prevention director for decarbonisation Mark Smith calls for clarity in regulation and fuel, with decarbonising the world fleet on the agenda.