by AIP Online Bureau | Mar 2, 2026 | International News, Non-Life, Reinsurance, Technology
“Together with Beazley, we will create the world’s leading Specialty underwriter, with around $15 billion of pro forma gross written premiums, exceptional underwriting expertise and data capabilities, and leading access to global distribution,” said...
by AIP Online Bureau | Mar 2, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
More than half of the world’s largest maritime insurance clubs have also now scrapped war-risk insurance for vessels entering the Gulf Dozens of laden oil tankers are hunkering down inside the Persian Gulf after attacks near the Strait of Hormuz have all but closed...
by AIP Online Bureau | Mar 2, 2026 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance, Risk Management
Additional premiums for vessels transiting high-risk waters are rising sharply and may continue to fluctuate in the short term.Cargo war risk remains available; however, rates are increasing and quotations are being reviewed on a voyage-by-voyage basis, particularly...
by AIP Online Bureau | Mar 1, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
“The disruption in the Strait of Hormuz threatens a major share of India’s crude oil and LNG imports, raising freight costs, insurance premiums, and fuel prices, while a surge in global oil prices could widen the current account deficit and fuel...
by AIP Online Bureau | Mar 1, 2026 | Workplace/Employee Benefits
Risks to commercial shipping have surged in the past 24 hours, with more than 200 vessels including oil and liquefied gas tankers dropping anchor around the Strait of Hormuz and surrounding waters, shipping data showed on Sunday. Mariners should expect increased naval...
