by thebrandmill | May 24, 2023 | ADVA Underwriting
Managing General Agent ADVA Underwriting (ADVA) has announced the launch of its new marine insurance initiative aimed at protecting ship owners, ship managers, cargo owners and charterers from war risks and piracy around the world. This initiative complements the...
by thebrandmill | Apr 17, 2023 | Rare Earth Insurance Partners, Wang Wei
European dominance of key insurance for shippers a hurdle for Beijing’s ambitions. Wide-ranging sanctions on Russian oil exports in response to the Ukraine war highlight potential problem. Among other comments, Wang Wei, Rare Earth Insurance Partner’s...
by thebrandmill | Mar 22, 2023 | Candace Chan, Rare Earth Insurance Partners
As reported by InsuranceAsia News, insurers and brokers are seeing some softening of the marine insurance market in Asia, following three years of fairly decent growth. However, few expect the sector to lapse back into the bad old days of over-capacity and weak...
by thebrandmill | Jan 19, 2023 | Rare Earth Insurance Partners, Wang Wei
While rates in China were up more than 20% for many contracts, the January renewals could have been a lot more painful for cedents if competition among reinsurers was not so high. Wang Wei, Chief Executive of Rare Earth Insurance Partners, explained, “Reinsurers don’t...
by thebrandmill | Jan 10, 2023 | Rare Earth Insurance Partners, Wang Wei
As reported by InsuranceAsia News, a challenging renewal for marine writers in the region has been partially influenced by Covid restrictions that have eased significantly, meaning that the marine market loss ratio for the APAC region has been relatively stable....
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