Compare Life Insurance :: News
SHARE

Share this news item!

GT Insurance Provides Flexible Solutions Amid Global Trade Shifts

GT Insurance Provides Flexible Solutions Amid Global Trade Shifts

As global trade dynamics undergo significant shifts, GT Insurance is reaffirming its commitment to supporting marine clients navigating these challenges.
The recent imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight.
These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins.

In response, GT Insurance is emphasising flexibility and partnership in its approach to marine coverage. Steve Amey, Head of Distribution for Marine at GT Insurance, stated, "We understand the challenges our marine clients face when external pressures like tariffs disrupt trade flows or freight earnings. Our approach is always to work proactively with brokers to reassess policy terms, limits, or structures to better match our clients' real-time operating conditions."

GT Insurance offers a range of marine insurance solutions, including cargo, hull, and carrier's liability products, designed with adaptability in mind. The company encourages brokers to reach out if their clients are experiencing any drop in gross freight earnings or significant shifts in operational risk. This collaborative approach aims to ensure that insurance coverage remains relevant and supportive amid evolving market conditions.

For Australian exporters and marine businesses, engaging with insurers who offer flexible and responsive solutions is crucial in mitigating the impacts of global trade shifts. Consulting with experienced marine insurance brokers can provide valuable insights and strategies to navigate these uncertainties effectively.

As the trade landscape continues to evolve, maintaining open communication with insurance providers and staying informed about policy options will be key in ensuring comprehensive and adaptable coverage for marine operations.

Published:Thursday, 12th Feb 2026
Source: Paige Estritori

Share this news item:

Insurance News

AFCA Upholds Policyholder's Income Protection Benefits Against Zurich AFCA Upholds Policyholder's Income Protection Benefits Against Zurich
12 Feb 2026: Paige Estritori

The Australian Financial Complaints Authority (AFCA) has recently ruled against Zurich Insurance, instructing the insurer to maintain the current income protection benefits for a policyholder after an 11-year delay in proposing a reduction. This decision underscores the critical importance of timely and transparent communication between insurers and their clients. - read more
Neos Recognized as Leading Income Protection Insurer in 2025 Neos Recognized as Leading Income Protection Insurer in 2025
12 Feb 2026: Paige Estritori

In the 2025 Life Insurance Awards presented by Money Magazine, Neos has been honored as the top provider in the Income Protection Insurance category. This accolade reflects Neos's commitment to delivering comprehensive and reliable income protection solutions to Australians. - read more
Northern Australian Marinas Struggle with Rising Insurance Costs Northern Australian Marinas Struggle with Rising Insurance Costs
12 Feb 2026: Paige Estritori

Marina operators in Northern Australia are confronting a significant crisis as insurance premiums escalate dramatically, with some experiencing increases exceeding 300% over recent years. This surge in costs is placing immense financial strain on the industry, prompting urgent calls for government intervention. - read more
GT Insurance Provides Flexible Solutions Amid Global Trade Shifts GT Insurance Provides Flexible Solutions Amid Global Trade Shifts
12 Feb 2026: Paige Estritori

As global trade dynamics undergo significant shifts, GT Insurance is reaffirming its commitment to supporting marine clients navigating these challenges. The recent imposition of US tariffs—25% on Australian steel and aluminium, and 10% on other exported goods—has introduced new uncertainties for local exporters, particularly in sectors like beef and bulk freight. These tariffs, effective from April 5, 2025, have prompted concerns about declining export volumes and reduced freight margins. - read more


Life Insurance Articles

How to Determine the Right Income Protection Coverage for Your Needs How to Determine the Right Income Protection Coverage for Your Needs
Income protection insurance is a type of coverage designed to replace a portion of your income if you're unable to work due to illness or injury. - read more
The Essential Guide to Travel Insurance for Australians on a Working Holiday in Canada The Essential Guide to Travel Insurance for Australians on a Working Holiday in Canada
Welcome to your guide to embark on an amazing journey from Australia to the breathtaking landscapes of Canada on a working holiday. This adventure presents an inviting blend of work and travel, allowing you to immerse yourself fully in Canadian culture while supporting your explorations financially. - read more
What to Look for in Basic Health Insurance Cover What to Look for in Basic Health Insurance Cover
Welcome to our discussion on basic health insurance cover, a topic that is crucial yet often overlooked in the hustle and bustle of everyday life. Navigating the world of health insurance can be daunting, but understanding your options is vital for peace of mind and financial stability. - read more
Income Protection Insurance: A Lifeline for Self-Employed Aussies Income Protection Insurance: A Lifeline for Self-Employed Aussies
Income protection insurance is a vital financial safety net designed to support individuals who find themselves unable to work due to illness or injury. It provides a replacement income stream, cushioning the financial blow when life throws unexpected challenges your way. For self-employed Australians, who don't enjoy the same benefits as salaried employees—like sick leave or employer-funded superannuation—income protection becomes even more essential. - read more


Start Here !
life insurance
Apply now for your free Insurance assessment and price comparisons!

Start Here

Life Cover Amount:
Postcode:


All quotes are provided free and without obligation. We respect your privacy.
Knowledgebase
Exclusion:
Specific conditions or circumstances for which the insurance policy does not provide coverage.