by AIP Online Bureau | Feb 12, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The impact on Suez Canal transits and global supply chains are significant but this has not affected the ability of the marine insurance market to provide adequate cover – both for Red Sea/Suez Canal transits or for the longer route around the Cape of Good Hope,...
by AIP Online Bureau | Dec 18, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Iranian-backed Houthi militants in Yemen have stepped up attacks on vessels in the Red Sea to show their support for Palestinian Islamist group Hamas fighting Israel in Gaza London: London’s marine insurance market has widened the area in the Red Sea it deems as high...
by AIP Online Bureau | Mar 9, 2022 | International News, Non-Life, Reinsurance
The new high-risk areas also extend to various inland waters and sections of the high seas, underscoring the increasing dangers. “There is clearly a growing nervousness around the region in the insurance market, especially in relation to the Black Sea,” said Marcus...
