by AIP Online Bureau | Jul 11, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Shipowners now have to pay about 1% of a ship’s value if they want to pass through the Red Sea, said Marcus Baker, global head of marine cargo and logistics at Marsh McLennan, the world’s largest insurance broker. That’s up from 0.2% to 0.3% in recent months, a period...
by AIP Online Bureau | Jul 8, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“These incidents highlight the Houthis’ disregard for human life, as they continue to exploit seafarers as pawns in their strategic conflicts,” said Jakob Larsen, chief safety and security officer at BIMCO, the world’s largest direct-membership trade group for the...
by AIP Online Bureau | May 10, 2025 | Eco/Invest/Demography, International News, Risk Management
Still, threat levels for shipping remained high given the Houthis’ confirmation that Israeli-related assets remained open to attack and the attendant risks to broader shipping, maritime officials said. Ships with no connection to Israel had been targeted in the...
by AIP Online Bureau | May 5, 2025 | Eco/Invest/Demography, International News
Following a ceasefire deal with Palestinian militant group Hamas in January, foreign carriers had begun to resume flights to Israel after halting them for much of the last year and a half since the Oct. 7, 2023 Hamas attack. European and U.S. carriers canceled flights...
by AIP Online Bureau | Aug 4, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The killing of Haniyeh in Tehran has sparked concerns of a new escalation in the Israel-Hamas war. Already, the U.S. military says it will move a fighter jet squadron to the Middle East and keep an aircraft carrier in the region DUBAI, United Arab Emirates : A missile...
