Captain Rahul Khanna, global head of marine risk consulting, Allianz Commercial, sat down with Risk & Insurance® to talk about current market trends impacting the marine industry.

“It’s interesting to observe how quickly you can identify a serious student in the industry. From the very beginning, their curiosity and eagerness to learn stand out. They ask thoughtful questions, seeking to understand the intricacies of the business. Beyond just completing assigned tasks, they take the initiative to explore and absorb information from various sources.”

Despite navigating geopolitical conflicts and climate risks, the global marine industry saw a record low number of large vessel losses in 2023, according to the Allianz Safety and Shipping Review 2024.

Cruise ships are facing new exposures and insurance challenges. Marsh’s Sean Harrington breaks down the emerging risks companies need to know.

    All 2024 Power Broker Winners Finalists:

This Marsh broker has family across the industry and credits their support as a key role in his successful career.

The increasing size of wind turbines is perhaps the most striking change the industry has seen in recent years. In the past 20 years, they have almost quadrupled in height, from around 230 feet to around 853 feet — nearly three times taller than the Statue of Liberty.

Falvey does a lot of work in the life sciences, and a lot of pharma business is centralized in a couple of areas around the country — including some in Tennessee, which recently experienced very damaging tornadoes.

Lockton’s Taylor Knott is keen to help his clients succeed. That’s why he’s actively watching marine trends and working to best understand the risks at hand.

The combination of ongoing climate change and increased commerce along the inland waterways of the United States could lead to greater workers’ compensation exposures.

This year, 6 brokers from across the brokerage field were named as the 2023 Marine Power Broker winners. An additional two brokers were named as finalists.

Kevin Wolfe, president and chief executive of Marcato, is one of four veterans who have joined forces to create a new specialty marine underwriting agency, Marcato Marine Insurance Services.

Risk transfer and risk mitigation both figure prominently in addressing climate change.

Newly elected IUMI president Frédéric Denèfle shares his thoughts on marine insurance looking into the next few years.

A new consortium will allow seven marine insurers to more efficiently share coverage on small and midsize projects.

Zurich Insurance Group’s global head of marine, Howard Kingston, shares his insights on key risks impacting the marine line.

Even with fewer lost ships in 2021, big ships still sink, and crews want solutions to stop losses.

A ship fire that destroyed luxury vehicles raises the question: whose insurance will cover these losses?

This year, six brokers from across the brokerage field were named as the 2022 Marine Power Broker winners. An additional broker was named as a finalist.

Melanie Waltrich of Marsh found marine to be the perfect intersection for her skills in international business and insurance.