Posts tagged: capacity
New hull syndicates in London signal good news for Assureds
4 November 2010
Posted in Blog
Tagged: capacity, Hull and Machinery, Lloyd's, marine insurance, premiums, rates
There has been considerable activity of late in the Lloyd’s Marine Hull Market. A series of underwriting groups are preparing to launch new Hull operations for the 2011 year of account. To date, we have heard confirmation of the following new entrants into the Marine Hull sector : 1) Barbican 2) Canopius 3) Liberty [...]
Read more »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 [...]
Read more »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 [...]
Read more »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 [...]
Read more »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 [...]
Read more »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 [...]
Read more »Recent articles
20 July 2011
What has changed in the marine insurance markets over the last year? And can Assureds expect to see these soft markets continue?
14 July 2011
We recommend ways for freight forwarders to ensure the liability insurance they purchase will protect them when they need it most.
Blog
30 January 2012
As of 30 January 2012, the US has issued some important sanctions against a few major corporations and the EU has escalated its regulations on Iranian trade.
12 December 2011
On the 8 December, the Joint War Committee added Syria to its listed areas and removed three areas.
Press releases
11 May 2011
FP Marine Risks and Oceanic partnership announced, creating an expert network of marine specialists serving the Australasian retail and wholesale markets.
29 April 2010
FP Marine Risks builds direct retail business in Australasia through acquisition of specialist cargo insurance agency
Opinions
26 March 2009
26 November 2008