Capacity | FP Marine Risks

Posts tagged: capacity

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 [...]

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 [...]

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 [...]

Hurricanes Rita and Katrina – heralding the next hard market?

26 October 2005

Posted in Opinions

Tagged: capacity, claims, hard market, Hurricane Katrina, Hurricane Rita

Whenever the insurance market suffers a major loss there almost immediately follows a chorus of rhetoric proclaiming the start of the next hard market. And so it is with this year’s US Gulf hurricanes. But is this a lot of noise being made by those who would talk-up the market, or does it reflect a genuine [...]