NorthStandard Announces 5% Rise in P&I Premiums for 2026

NorthStandard has announced a 5% increase in Protection and Indemnity premiums for the marine insurance year starting February 20, 2026. This decision reflects current market unpredictability. The company projects premium income to rise to $930 million, supported by improved investment returns and a focus on diversification. Despite positive forecasts, geopolitical risks persist.

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PM Modi Announces 2026 as ASEAN-India Maritime Cooperation Year

During the ASEAN-India Summit, Prime Minister Narendra Modi highlighted the deepening ties between India and ASEAN, particularly in Humanitarian Assistance and Disaster Relief. He declared 2026 as the “ASEAN-India Year of Maritime Cooperation,” emphasizing collaboration in education, health, and culture, while affirming the importance of shared values and historical connections.

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