Asia | FP Marine Risks

Posts tagged: Asia

Underwriting, underwriting, underwriting – An Asian broker’s perspective

8 September 2010

Posted in Articles

Tagged: Asia, capacity, claims, economy, insurers, IUMI, premiums, recession, trade, underwriting

First published in the September 2010 issue of the Asia Insurance Review On the face of it, the global economic slump created conditions that should have left marine insurance clients bearing the brunt of a hardening market and spiralling premiums. But according to Mr Philip Bilney, Group Executive Director, FP Marine Risks, not only did that [...]

London leads liability, Asia yet to respond

22 February 2010

Posted in Blog

Tagged: Asia, liabilities, Lloyd's, London, underwriting

There is no doubt that Asia is a highly competitive market for traditional marine hull insurance. We have mentioned in previous blogs how shipowners are in a good position to secure well-rated insurance from competitive Asian insurers as a way to offset the rises being sought in London. However, in terms of marine [...]

Asian capacity allows shipowners to fight London rises

1 February 2010

Posted in Blog

Tagged: Asia, capacity, London, premiums, shipowner

The recent renewal season highlighted how international insurance markets and shipowners were handling the changing economic conditions, with the London market seeking rises, whilst shipowners pressed for lower premiums, providing opportunities for other markets, such as Asia. The global downturn’s effect on trade has meant shipowners are facing further pressures to reduce costs, including reducing their [...]

More shipowners enjoying benefits of Asian placement in these difficult times

30 June 2009

Posted in Blog

Tagged: Asia, capacity, insurers, shipowner, shipping, underwriting

Shipowners with smaller fleets, smaller vessels or lower values can still benefit from an Asian insurance placement as world markets become more competitive. Some believe that Asian-based underwriters are dedicated to the Asian-based shipowning market (putting aside Japan and Korea’s involvement in the large fleets) to the exclusion of non-Asian tonnage. Whilst this may have [...]

Insurance as a risk management tool in supply chain management

1 July 2007

Posted in Articles

Tagged: Asia, business interruption, Emma Maersk, Hyundai Fortune, insurers, liabilities, Lloyd's, losses, MSC Napoli, piracy, ports and terminals, premiums, regulation, risk, supply chain, trade, vessel

This article appears in the Standard Chartered Bank World of Supply Chain Management 2007/2008 With growing trade volumes, vessel sizes and government legislation, supply chain managers face increasing risks and liabilities in their industry. Insurance is an important risk management tool, but one that has yet to be fully utilised in Asia. For an effective [...]

Zooming In

26 July 2006

Posted in Articles

Tagged: Asia, Cargo, insurers, risk, specialist, trade, trade credit, underwriting

Originally published by Trade Finance Magazine, July/August 2006 The challenge for credit and political risk insurers is considering the numerous factors that affect the markets in which they operate. Global trends affect the demand for business and local issues determine how they structure cover for their clients. Oliver O’Connell looks at a snapshot of the Asian [...]

Q&A with Lloyd’s

2 July 2006

Posted in Articles

Tagged: Asia, Lloyd's, specialist, underwriting

This was published by Lloyd’s Asia Pacific, July 2006 Philip Bilney is an Executive Director at FP Marine Risks, the first Asian broker to receive full Lloyd’s accreditation in its own right. He heads up FP Marine Risks’ Hong Kong Office. Q1: Why and when was FP Marine Risks set up? A1: The company was set up [...]

Broking with tradition in Asia

1 July 2006

Posted in Articles

Tagged: Asia, broker, capacity, Lloyd's, specialist

This article was published by Lloyd’s, July 2006 Brokers are becoming an “essential part of the insurance buying process” in Asia, according to Lloyd’s first accredited broker in the region. Philip Bilney, executive director of FP Marine Risks, says that although there is a well-established market in Asia already, there is still a lot of potential for [...]