Key market needs to ‘substantially improve’ efficiency – Our Comments

This article first appeared in Business Insurance. The marine insurance market in Singapore needs to ‘substantially improve its efficiencies to continue writing business at a profit’ as margins are squeezed by the current soft market, according to a prominent broker. Andrew Brooker, founding partner of marine specialist Latitude Brokers, told Insurance Business that the marine market faces a tough challenge ...

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Latitude launches in Singapore

We are delighted to announce the opening of Latitude Brokers Pte Ltd in Singapore. We are very pleased to have received approval from the MAS and are excited to be at the centre of Singapore’s vibrant shipping and insurance market. The new operation will be focusing on the operators, traders and offshore contractors within Singapore and, in conjunction with Latitude’s ...

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Singapore Insurance market – recent moves

As we “predicted” in our earlier blog, the ongoing consolidation would give rise to further changes and create opportunities for new leaders to emerge as well as new entrants to the Asian market continuing to focus on Singapore as their base. At the Lloyd’s new office opening party in Singapore recently, there were over 300 underwriters and brokers, many of ...

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The New Marine Insurance Act 2015 (sadly now just called the Insurance Act 2015)

It’s fair to say that Marine Insurance isn’t well known for its rapid evolutionary pace. The Marine Insurance Act 1906 codified in law the practices at the time, which themselves dated back another 200 years in some parts.  ‘Fast’ forward another 110 years and the new Insurance Act 2015 (no longer the Marine Insurance Act) will finally become law in ...

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