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Insurers demand more detail as conflict reshapes placements
Insurers demand more detail as conflict reshapes placements
For six months, Saudi Arabia has been trying to outrun a single number: the price of insuring a ship. The post
UN finding could complicate future hull and P&I claims
Claims from the Hormuz conflict already exceed the sector's entire annual premium volume before the latest exchange
The market has stayed open throughout, but the price reflects a conflict with no clear end
The market has stayed open throughout, but the price reflects a conflict with no clear end
Iran has said it is "counting the moments" until it can sink American warships as a second ship is reported a total loss earlier today
Iran has said it is "counting the moments" until it can sink American warships as a second ship is reported a total loss earlier today
David Osler says a single voyage through a high-risk zone can now cost a supertanker owner millions in war risk premiums alone
Danielle Whitlock brings 20-plus years spanning both sides of the desk - a background that matters as risk assessment becomes more complex
The June MOU has expired and hostilities have resumed, raising immediate questions for brokers placing Gulf cover
The June MOU has expired and hostilities have resumed, raising immediate questions for brokers placing Gulf cover
Transits are down about fifteen percent. War risk cover went from one percent of hull value to ten.Continue reading on Medium »
Underwriters are already pulling and repricing hull war cover amid elevated geopolitical risk, even as the sector posts a sixth consecutive year of improving loss ratios
News breaking of multiple hits in waters London underwriters listed as high risk only last month
News breaking of multiple hits in waters London underwriters listed as high risk only last month
A practical guide to help brokers better understand complex marine operations and where multiple exposures may intersect.
Higher navigation threat is currently recorded for the Black Sea as a result of the military campaign initiated by Ukraine and Russian involuntary tit-for-tat action
As the conflict between the United States and Iran continues its seemingly never-ending dance between smolder and blaze, the prolonged closure of the Strait of Hormuz has captured...
Half-year results confirm £1.4bn ($1.9bn) of losses tied directly to the Middle East conflict, just as the US government's own marine reinsurance facility sits unused
New claims and political risk chiefs say more about where the market expects the next big losses than any press release does
New claims and political risk chiefs say more about where the market expects the next big losses than any press release does
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had starte...
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