NorthStandard P&I Club Archives - InsuranceAsia News https://insuranceasianews.com/companies_category/northstandard-pi-club/ Wed, 10 Dec 2025 01:59:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 The Standard Club Asia goes into run-off as all renewals switch to NorthStandard https://insuranceasianews.com/the-standard-club-asia-goes-into-run-off-as-all-renewals-switch-to-northstandard/ Wed, 10 Dec 2025 01:59:16 +0000 https://insuranceasianews.com/?p=206494  All insurance business previously underwritten by The Standard Club Asia will be renewed into NorthStandard from February 20.

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As part of the post-merger reorganisation of NorthStandard group, The Standard Club Asia will cease to write insurance business and go into run-off from February 20, and will not write any new or rene...

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]]> P&I clubs all at sea ahead of renewals as they seek to navigate new claims normal https://insuranceasianews.com/pi-clubs-concerned-as-they-seek-to-navigate-new-claims-normal/ Sun, 07 Dec 2025 23:30:47 +0000 https://insuranceasianews.com/?p=206172 International Group of P&I Clubs are eyeing premium increases ranging from 4-8% in February's renewals.

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The world’s protection and indemnity (P&I) clubs have entered the vital run-up to the February renewals amid fears of premium adequacy and a growing debate over the need to create new solutions to...

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]]> NorthStandard takes prudent position on P&I premiums with modest renewal increase https://insuranceasianews.com/northstandard-takes-prudent-position-on-pi-premiums-with-modest-renewal-increase/ Tue, 18 Nov 2025 01:00:25 +0000 https://insuranceasianews.com/?p=204819 NorthStandard projects premium income of US$930m for 2025-26 against US$886m in the previous year.

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NorthStandard has advised members of a 5% increase in P&I premiums for the marine insurance year, starting February 20, to reflect ongoing market unpredictability and risk, it said in a press rele...

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]]> NorthStandard promotes Jack Marriott-Smalley to APAC underwriting head https://insuranceasianews.com/northstandard-elevates-jack-marriot-smalley-to-apac-underwriting-head/ Mon, 03 Nov 2025 22:30:07 +0000 https://insuranceasianews.com/?p=203604 He most recently served as the head of Southeast Asia Pacific, holding the position since September 2023.

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P&I club NorthStandard has promoted Jack Marriott-Smalley as its new head of underwriting for Asia Pacific, according to a press release.
Singapore-based Marriott-Smalley (pictured) brings over fo...

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]]> NorthStandard elevates Michael Hustler as head of Asia Pacific https://insuranceasianews.com/northstandard-elevates-michael-hustler-as-head-of-asia-pacific/ Mon, 20 Oct 2025 23:00:27 +0000 https://insuranceasianews.com/?p=202380 Singapore-based Hustler succeeds David Roberts, who will leave the club in February 2026.

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P&I club NorthStandard has appointed Michael Hustler as its new head of Asia Pacific, effective October 27, replacing David Roberts, who will leave the club in February 2026, according to a press ...

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]]> ‘Any dollar trade could be risky’: sanction complications remain for insurers even as Trump mulls easing curbs https://insuranceasianews.com/any-dollar-trade-could-be-risky-northstandards-head-of-external-affairs/ Tue, 04 Mar 2025 23:30:56 +0000 https://insuranceasianews.com/?p=177760 NorthStandard's head of external affairs Mike Salthouse discusses the impact of sanctions, the rise of shadow fleets, and the complexities of insuring maritime operations amid evolving geopolitical tensions.

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With the US administration of President Donald Trump now believed to be considering offering Russia relief from sanctions, it has again left insurers wondering due to the "significant power" held by t...

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]]> P&I clubs report tonnage growth during renewals despite industry turbulence https://insuranceasianews.com/pi-clubs-report-tonnage-growth-during-renewals-despite-industry-turbulence/ Fri, 21 Feb 2025 06:30:49 +0000 https://insuranceasianews.com/?p=176872 Gard, UK P&I and NorthStandard announced successful completion of the 2025 renewal after marine insurers worldwide saw a rise in the number of large claims.

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Gard, UK P&I and NorthStandard announced the successful completion of the P&I renewal for 2025, with new tonnage and strategic adjustments as the marine insurance sector grapples with rising c...

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]]> NorthStandard to implement 5% premium increase for 2025-26 renewal https://insuranceasianews.com/northstandard-to-implement-5-premium-increase-for-2025-26-renewal/ Tue, 19 Nov 2024 11:12:19 +0000 https://insuranceasianews.com/?p=170251 The hike would apply to all P&I members, although each renewal would be agreed individually based on a review of claims and risk exposure.

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P&I club NorthStandard will seek a 5% increase in premium for the policy year starting February 20, 2025, impacted by a return of higher claim volumes in 2024,  increased exposure to larger claims...

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]]> Claims from Singapore oil spill set to exceed British Marine’s limit of liability https://insuranceasianews.com/claims-from-singapore-oil-spill-set-to-exceed-british-marines-limit-of-liability/ Tue, 30 Jul 2024 10:20:54 +0000 https://insuranceasianews.com/?p=159329 The International Oil Pollution Compensation Funds and the QBE-owned insurer have opened a claims submission office to facilitate compensation for those affected by the incident, according to a joint statement.

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Claims related to the Singapore's Pasir Panjang terminal oil spill involving Singapore-flagged vessel Marine Honour in June are likely to exceed the insurer's limit of liability under international co...

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]]> NorthStandard to open Korea office as it expands APAC presence https://insuranceasianews.com/northstandard-to-open-korea-office-as-it-expands-apac-presence/ Mon, 22 Jan 2024 11:09:40 +0000 https://insuranceasianews.com/?p=144582 The Seoul office will be operational from late spring 2024 and will initially be staffed by Shang Doe Shim, a claims director currently based in the club’s Singapore office.

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UK marine insurer NorthStandard will open an office in South Korea as part of its regional expansion after it established its Asia Pacific headquarters in Singapore last year, a company announcement s...

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